ATA Creativity Global (AACG) CEO Kevin Ma details large shareholdings
Rhea-AI Filing Summary
ATA Creativity Global director and Chief Executive Officer Kevin Xiaofeng Ma has filed an initial ownership report showing significant holdings of the company’s common shares. He directly owns 1,734,446 common shares.
Indirectly, 4,998,988 common shares are held by Able Knight Development Limited, which is ultimately owned through a trust with Mr. Ma as settlor and certain family members as beneficiaries. Mr. Ma disclaims beneficial ownership of these shares except to the extent of any pecuniary interest. An additional 18,427,074 common shares are held indirectly through Joingear Limited, where Mr. Ma is the sole director and 100% shareholder.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ma Kevin Xiaofeng
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Share | -- | -- | -- |
| holding | Common Share | -- | -- | -- |
| holding | Common Share | -- | -- | -- |
Holdings After Transaction:
Common Share — 1,734,446 shares (Direct);
Common Share — 23,426,062 shares (Indirect, See Note)
Footnotes (2)
- F1. Able Knight Development Limited, a British Virgin Islands company, owns 4,998,988 common shares, par value US$0.01 per share ("Common Shares"), of ATA Creativity Global (the "Issuer"). Able Knight Development Limited is wholly owned by Precious Time Holdings Limited, a British Virgin Islands company, and ultimately wholly owned by HSBC International Trustee Limited as trustee of an irrevocable trust constituted under the laws of the Cayman Islands with Xiaofeng Ma as the settlor and certain family members of Xiaofeng Ma as the beneficiaries. Xiaofeng Ma disclaims beneficial ownership of the securities of the Issuer held by Able Knight Development Limited except to the extent of his pecuniary interests therein, if any.
- F2. Mr. Xiaofeng Ma is the sole director and 100% shareholder of Joingear Limited, a British Virgin Islands company, which owns 18,427,074 Common Shares of the Issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kevin Xiaofeng Ma’s Form 3 filing for AACG disclose?
The Form 3 filing discloses initial ownership of ATA Creativity Global common shares by CEO Kevin Xiaofeng Ma. It lists his direct holdings plus shares held through entities Able Knight Development Limited and Joingear Limited, clarifying his relationships and any beneficial ownership disclaimers.
Does the AACG Form 3 show any insider buying or selling activity?
The Form 3 reflects holdings only and does not report specific buy or sell transactions. It serves as an initial statement of beneficial ownership, detailing direct and indirect positions rather than recording new trading activity in ATA Creativity Global shares.
Why is Kevin Ma considered a 10% owner of ATA Creativity Global (AACG)?
Kevin Xiaofeng Ma is identified as a director, Chief Executive Officer, and 10% owner based on his aggregate direct and indirect holdings. The filing shows substantial share blocks held personally and through entities such as Joingear Limited and Able Knight Development Limited.