AVAX One Technology Inc. received a Schedule 13G reporting that Wei Zhu and affiliated entities collectively beneficially own a significant minority stake in the company’s common shares.
The filing shows beneficial ownership of 5,295,170 common shares, representing 5.7% of the outstanding class, based on 92,672,203 common shares outstanding as of January 21, 2026. This stake is held through Bastion Trading Limited, which directly owns 4,635,492 shares, and Lucio Holding Limited, which directly owns 659,678 shares.
Bastion Trading is wholly owned by Bastion Holdings Limited, and Wei Zhu is a director and indirect control person of these entities, as well as a director of Lucio Holding. The reporting persons certify that the securities were not acquired for the purpose of changing or influencing control of AVAX One Technology.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AVAX One Technology Inc.
(Name of Issuer)
Common Shares, no par value per share
(Title of Class of Securities)
05353F108
(CUSIP Number)
01/28/2026
(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)
SCHEDULE 13G
CUSIP No.
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
4,635,492.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,635,492.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,635,492.00
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)
5.0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
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
4,635,492.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,635,492.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,635,492.00
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)
5.0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
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
659,678.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
659,678.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
659,678.00
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)
0.7 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
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
5,295,170.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,295,170.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,295,170.00
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)
5.7 %
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 and is incorporated by reference. The Reporting Persons' ownership of the Issuer's securities includes (i) 4,635,492 common shares directly held by Bastion Trading and (ii) 659,678 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 92,672,203 common shares outstanding as of January 21, 2026, as reported in the Issuer's prospectus supplement dated January 26, 2026 filed with the Securities and Exchange Commission (the "SEC") on January 26, 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 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 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 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 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.
What percentage of AVAX (AVX) does Wei Zhu beneficially own?
Wei Zhu and affiliated entities beneficially own 5.7% of AVAX One Technology’s common shares. This corresponds to 5,295,170 shares, based on 92,672,203 shares outstanding as of January 21, 2026, as cited in the Schedule 13G filing.
How many AVAX One Technology (AVX) shares are reported in this Schedule 13G?
The Schedule 13G reports beneficial ownership of 5,295,170 AVAX One Technology common shares. These consist of 4,635,492 shares held by Bastion Trading Limited and 659,678 shares held by Lucio Holding Limited, with Wei Zhu deemed to share voting and investment power.
Which entities associated with Wei Zhu hold AVAX (AVX) shares?
AVAX shares are held through Bastion Trading Limited and Lucio Holding Limited. Bastion Trading directly owns 4,635,492 shares and is wholly owned by Bastion Holdings Limited, while Lucio Holding directly owns 659,678 shares. Wei Zhu serves as director and indirect control person for these entities.
What is the ownership stake of Bastion Trading Limited in AVAX One Technology?
Bastion Trading Limited beneficially owns 4,635,492 AVAX One Technology common shares. This position is part of the larger 5,295,170-share stake reported jointly with related entities, representing 5.7% of the company’s outstanding common shares as of January 21, 2026.
How many AVAX (AVX) shares does Lucio Holding Limited beneficially own?
Lucio Holding Limited beneficially owns 659,678 common shares of AVAX One Technology. Wei Zhu is a director of Lucio Holding and may be deemed to share voting and investment authority over these shares under the Schedule 13G disclosure.
What is the total number of AVAX shares outstanding used in this Schedule 13G?
The Schedule 13G calculates ownership percentages using 92,672,203 AVAX One Technology common shares outstanding as of January 21, 2026. This outstanding share count is taken from the company’s prospectus supplement dated January 26, 2026.
Are the AVAX (AVX) shares held by Wei Zhu intended to influence control of the company?
The reporting persons certify the AVAX shares were not acquired and are not held to change or influence control of AVAX One Technology. They state the holdings are not part of any transaction aimed at obtaining control, consistent with a passive Schedule 13G filing.
