Jun Zhang trims ATA Creativity (AACG) stake to 12.4% after ADS issue

Rhea-AI Filing Summary

ATA Creativity Global’s major shareholder updates ownership after new share issuance. Jun Zhang and Arts Consulting Limited report amended beneficial ownership in ATA Creativity Global following the company’s January 28, 2026 issuance of 11,067,547 American Depositary Shares, each representing two Common Shares.

Jun Zhang is deemed to beneficially own 10,634,092 Common Shares, or 12.4% of the class, including 1,274,092 Common Shares issuable upon option exercise and 9,360,000 Common Shares held by Arts Consulting Limited. Arts Consulting Limited alone reports beneficial ownership of 9,360,000 Common Shares, representing 10.9% of the outstanding Common Shares as of January 28, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

ATA Creativity Global

(Name of Issuer)

Common Shares, $0.01 par value per share

(Title of Class of Securities)

00211V106

(CUSIP Number)

Jun Zhang
c/o 16th Floor, Gongyuan No. 6, Dongcheng District
Beijing, F4, 100005
86-139-1096-2192

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/28/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 00211V106

1

Name of reporting person

Jun Zhang

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,274,092.00
8	Shared Voting Power 9,360,000.00
9	Sole Dispositive Power 1,274,092.00
10	Shared Dispositive Power 9,360,000.00

11

Aggregate amount beneficially owned by each reporting person

10,634,092.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) The value in rows 7 and 9 represents 1,274,092 common shares issuable upon exercise of the options granted to Jun Zhang. (2) The value in rows 8 and 10 represents 9,360,000 common shares held by Arts Consulting Limited. Jun Zhang is the sole director and holds 75% of the issued and outstanding share capital of Arts Consulting Limited. (3) Percent of class represented by amount in row (11) is calculated based on 86,102,136 outstanding Common Shares as of January 28, 2026 as notified by the Issuer.

SCHEDULE 13D

CUSIP No. 00211V106

1

Name of reporting person

Arts Consulting Ltd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 9,360,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 9,360,000.00

11

Aggregate amount beneficially owned by each reporting person

9,360,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.9 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

(1) The value in rows 8, 10 and 11 represents 9,360,000 common shares held by Arts Consulting Limited. (2) Percent of class represented by amount in row (11) is calculated based on 86,102,136 outstanding Common Shares as of January 28, 2026 as notified by the Issuer.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.01 par value per share
(b)	Name of Issuer: ATA Creativity Global
(c)	Address of Issuer's Principal Executive Offices: Rm. 507, Bldg. 3, BinhuZhuoyueCheng, WenhuaKechuangYuan, Huayuan Blvd. 365, Baohe, Hefei, Anhui, CHINA , 230051.
Item 1 Comment: This Amendment No. 2 ("Amendment No. 2") amends the Statement of Beneficial Ownership on Schedule 13D originally filed with the Securities and Exchange Commission (the "Commission") on August 15, 2019, as amended by Amendment No. 1 filed with the Commission on May 21, 2020 (as amended, the "Schedule 13D") by the Reporting Persons with respect to the common shares, par value $0.01 per share (the "Common Shares") issued by ATA Creativity Global (the "Issuer"). Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Schedule 13D, unless otherwise defined herein. As previously reported by the Issuer on a current report on Form 6-K furnished on January 28, 2026, the Issuer issued 11,067,547 American Depositary Shares (each representing two Common Shares of the Company) to certain purchasers on January 28, 2026. As a result, the holdings of the Reporting Persons were accordingly diluted, leading to the diminished beneficial ownership in the Issuer that the Reporting Persons are reporting in this Amendment No. 2.
Item 2.	Identity and Background
(a)	Item 2(a) of the Schedule 13D is hereby amended and restated as follows: (i) Jun Zhang, a citizen of People's Republic of China; and (ii) Arts Consulting Limited, a British Virgin Islands company.
(b)	Item 2(b) of the Schedule 13D is hereby amended and restated as follows: The business address of Jun Zhang is 16th Floor, Gongyuan No. 6 Dongcheng District, Beijing, 100005, China. The business address of Arts Consulting Limited is CCS Trustees Limited, Mandar House, 3rd Floor, Johnson's Ghut, Tortola, British Virgin Islands.
(c)	Item 2(c) of the Schedule 13D is hereby amended and restated as follows: The principal business of Arts Consulting Limited is to serve as a holding company for the securities of the Issuer. Jun Zhang is the sole director and holds 75% of the issued and outstanding share capital of Arts Consulting Limited. Jun Zhang is a business person and serves as the president and director of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Schedule 13D is hereby amended and restated as follows: Calculation of the percentage of Common Shares beneficially owned by the Reporting Persons as noted on the cover pages of the Schedule 13D is based on 86,102,136 outstanding Common Shares as of January 28, 2026 as notified by the Issuer.
(b)	Item 5(b) of this Schedule 13D is hereby amended and restated as follows: The aggregate number and percentage of the Common Shares beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of the Schedule 13D, and are incorporated herein by reference.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Jun Zhang

Signature:	/s/ Jun Zhang
Name/Title:	Jun Zhang
Date:	01/30/2026

Arts Consulting Ltd

Signature:	/s/ Jun Zhang
Name/Title:	Jun Zhang
Date:	01/30/2026

FAQ

What ownership change does AACG’s Schedule 13D/A report for Jun Zhang?

The amendment reports that Jun Zhang beneficially owns 10,634,092 Common Shares of ATA Creativity Global, representing 12.4% of the class, based on 86,102,136 outstanding Common Shares as of January 28, 2026, after the company issued additional American Depositary Shares to certain purchasers.

How many ATA Creativity Global shares does Arts Consulting Limited own?

Arts Consulting Limited reports beneficial ownership of 9,360,000 Common Shares of ATA Creativity Global, representing 10.9% of the outstanding Common Shares. These figures are calculated using 86,102,136 outstanding Common Shares as of January 28, 2026, as notified by the issuer in connection with the recent issuance.

Why did Jun Zhang and Arts Consulting Limited file Amendment No. 2 for AACG?

They filed Amendment No. 2 to update their beneficial ownership after ATA Creativity Global issued 11,067,547 American Depositary Shares on January 28, 2026. That issuance increased the total Common Shares outstanding and diluted the reporting persons’ percentage ownership in the company.

What role does Jun Zhang hold at ATA Creativity Global (AACG)?

Jun Zhang is a business person who serves as the president and director of ATA Creativity Global. He is also the sole director of Arts Consulting Limited and holds 75% of its issued and outstanding share capital, linking his interests to that entity’s shareholdings.

How is the AACG ownership of Jun Zhang structured through Arts Consulting Limited?

Jun Zhang directly holds options for 1,274,092 Common Shares and indirectly holds 9,360,000 Common Shares through Arts Consulting Limited. He is Arts Consulting Limited’s sole director and owns 75% of its share capital, giving him beneficial ownership over the shares that entity holds in ATA Creativity Global.

On what share count is the AACG ownership percentage calculation based?

Both Jun Zhang’s 12.4% and Arts Consulting Limited’s 10.9% beneficial ownership percentages are calculated using 86,102,136 outstanding Common Shares. This outstanding share figure reflects ATA Creativity Global’s capital structure as of January 28, 2026, as notified by the issuer to the reporting persons.