AVAX One Technology Inc. Schedule 13G/A amendment reports shared beneficial ownership stakes controlled by related entities and Wei Zhu as of May 15, 2026. The filing lists 3,953,715 shares held by Bastion Trading, 5,007,777 shares held by Lucio Holding, and aggregate shared voting/control tied to Mr. Zhu. The percentages use a base of 89,616,222 common shares outstanding as of May 14, 2026.
The report clarifies organizational relationships: Bastion Trading is wholly owned by Bastion Holdings; Mr. Zhu is director of Bastion Holdings and Lucio Holding and may be deemed to share voting and dispositive power over the listed holdings.
Positive
None.
Negative
None.
Insights
Large passive holdings disclosed with shared control attribution.
The amendment records that Bastion Trading holds 3,953,715 shares and Lucio Holding holds 5,007,777 shares, with Mr. Zhu linked as director across entities. The percentages reference 89,616,222 shares outstanding as of May 14, 2026.
Disclosure focuses on ownership structure and shared voting/dispositive power; cash‑flow treatment and sale intent are not addressed in the excerpt. Subsequent filings or trading reports would show whether these holdings are passive or lead to coordinated action.
Key Figures
Shares outstanding:89,616,222 sharesBastion Trading holdings:3,953,715 sharesLucio Holding holdings:5,007,777 shares+2 more
5 metrics
Shares outstanding89,616,222 sharesas of May 14, 2026
Bastion Trading holdings3,953,715 sharesdirectly held by Bastion Trading, reported May 15, 2026
Lucio Holding holdings5,007,777 sharesdirectly held by Lucio Holding, reported May 15, 2026
Aggregate shared holdings (Wei Zhu)8,961,492 sharesshared voting/dispositive power reported on cover page
Reported percent (cover)9.9%percent shown on cover page for one reporting row
"Item 1. (a) Name of issuer: AVAX One Technology Inc."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
shared dispositive powerfinancial
"Shared Dispositive Power 3,953,715.00"
beneficially ownedregulatory
"Amount beneficially owned: Row 9 of each Reporting Person's cover page"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
AVAX One Technology Inc.
(Name of Issuer)
Common Shares, no par value per share
(Title of Class of Securities)
05353F108
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
05353F108
1
Names of Reporting Persons
Bastion Trading Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,953,715.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,953,715.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,953,715.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
05353F108
1
Names of Reporting Persons
Bastion Holdings Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,953,715.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,953,715.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,953,715.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
05353F108
1
Names of Reporting Persons
Lucio Holding Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,007,777.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,007,777.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,007,777.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
05353F108
1
Names of Reporting Persons
Wei Zhu
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,961,492.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,961,492.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,961,492.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AVAX One Technology Inc.
(b)
Address of issuer's principal executive offices:
800-525 West 8th Avenue, Vancouver, A1, V5Z1C6.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
Bastion Trading Limited ("Bastion Trading")
Bastion Holdings Limited ("Bastion Holdings")
Lucio Holding Limited ("Lucio Holding")
Wei Zhu ("Mr. Zhu")
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
Office 4, Ground Floor, Parcel 134
Block 2837E, Road Town
Tortola, British Virgin Islands
(c)
Citizenship:
Bastion Trading British Virgin Islands
Bastion Holdings Cayman Islands
Lucio Holding Cayman Islands
Mr. Zhu United Kingdom
(d)
Title of class of securities:
Common Shares, no par value per share
(e)
CUSIP No.:
05353F108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of common shares of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
The Reporting Persons' ownership of the Issuer's securities includes (i) 3,953,715 common shares directly held by Bastion Trading and (ii) 5,007,777 common shares directly held by Lucio Holding.
Bastion Trading is wholly owned by Bastion Holdings and Mr. Zhu is the director of Bastion Holdings and the indirect control person of Bastion Trading. Each of Bastion Holdings and Mr. Zhu may be deemed to share voting and investment authority over the shares held by Bastion Trading.
Mr. Zhu is the director of Lucio Holding and may be deemed to share voting and investment authority over the shares held by Lucio Holding.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the common shares of the Issuer beneficially owned by such Reporting Person and is incorporated by reference. The percentage set forth in each row 11 is based upon 89,616,222 common shares outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 15, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
Bastion Trading Limited
Signature:
/s/ Wei Zhu
Name/Title:
By Wei Zhu, Director
Date:
05/15/2026
Bastion Holdings Limited
Signature:
/s/ Wei Zhu
Name/Title:
By Wei Zhu, Director
Date:
05/15/2026
Lucio Holding Limited
Signature:
/s/ Wei Zhu
Name/Title:
By Wei Zhu, Director
Date:
05/15/2026
Wei Zhu
Signature:
/s/ Wei Zhu
Name/Title:
Wei Zhu
Date:
05/15/2026
Exhibit Information
Exhibit 99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Reporting Persons' Schedule 13G filed with the SEC on January 29, 2026).
What ownership does Bastion Trading report in AVX?
Bastion Trading reports beneficial ownership of 3,953,715 common shares. The filing ties that position to shared voting and dispositive power as of May 15, 2026 and uses the issuer's outstanding share base of 89,616,222 for percent calculations.
How much does Lucio Holding own in AVAX One (AVX)?
Lucio Holding reports beneficial ownership of 5,007,777 common shares. The filing shows Mr. Zhu as director of Lucio Holding and reports the percentage based on 89,616,222 shares outstanding as of May 14, 2026.
What percent of AVX does Wei Zhu control or share?
The filing shows Mr. Zhu may be deemed to share voting and investment authority over combined holdings reported by related entities, including 8,961,492 shares listed under shared power and a calculated 9.9% figure on the cover page.
What outstanding share base does the filing use to compute percentages?
Percentages in the Schedule 13G/A are computed using 89,616,222 common shares outstanding, as reported in the issuer's Form 10-Q filed on May 15, 2026 and anchored to an as of date of May 14, 2026.
Does this Schedule 13G/A indicate sales or purchases by the reporting parties?
This amendment discloses beneficial ownership and shared voting/control information; it does not state any sales, purchases, or intent to trade. The filing focuses on current ownership structure and relationships among reporting entities.
