Adlai Nortye director receives 136,667 ADS

Adlai Nortye Ltd. director Ji Ping reported an internal restructuring of holdings involving American Depository Shares.

Rhea-AI Filing Summary

Adlai Nortye Ltd. director Ji Ping reported an internal restructuring of holdings involving American Depository Shares. A trust that previously held the position through PECO International Limited distributed 136,667 ADS to Ji Ping’s personal accounts, at which point Ji Ping first acquired beneficial ownership. Following this non-market transaction, Ji Ping directly holds 136,667 ADS in Adlai Nortye, reflecting the outcome of a prior USD 1,344,000 investment made in 2018 that had been placed into the PECO Innovation Trust during the IPO restructuring.

Insider Trade Summary

Other: 136,667 shares

Other 1 txn

Insider Ji Ping

Role Director

Type	Security	Shares	Price	Value
Other	American Depository shares	136,667	$0.00	$0.00

Holdings After Transaction: American Depository shares — 136,667 shares (Direct)

Footnotes (2)

1. F1. American Depository Shares were distributed from a trust (previously held through PECO International Limited) to the reporting person, at which time the reporting person first acquired beneficial ownership.
2. F2. On December 26, 2018, I invested USD 1,344,000 in Adlai Nortye. In 2021, this investment was converted into a beneficial interest in the PECO Innovation Trust in connection with the IPO restructuring, with the Trust holding the underlying shares through PECO International Limited. The PECO Innovation Trust has now distributed 136,667 ADS to my personal accounts.

Key Figures

ADS distributed: 136,667 ADS Post-transaction holdings: 136,667 ADS Initial investment: USD 1,344,000

3 metrics

ADS distributed 136,667 ADS Distributed from PECO Innovation Trust to Ji Ping’s personal accounts

Post-transaction holdings 136,667 ADS Total American Depository Shares directly held by Ji Ping after transaction

Initial investment USD 1,344,000 Invested in Adlai Nortye on December 26, 2018, later placed into PECO Innovation Trust

Key Terms

American Depository Shares, beneficial ownership, IPO restructuring, PECO Innovation Trust

4 terms

American Depository Shares financial

"American Depository Shares were distributed from a trust (previously held through PECO International Limited)"

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

beneficial ownership financial

"to the reporting person, at which time the reporting person first acquired beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

IPO restructuring financial

"converted into a beneficial interest in the PECO Innovation Trust in connection with the IPO restructuring"

PECO Innovation Trust financial

"The PECO Innovation Trust has now distributed 136,667 ADS to my personal accounts"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Adlai Nortye (ANL) director Ji Ping report?

Director Ji Ping reported a restructuring transaction where a trust distributed 136,667 American Depository Shares to his personal accounts. This was not a market trade but an internal transfer reflecting beneficial ownership of existing Adlai Nortye shares.

How many Adlai Nortye (ANL) ADS does Ji Ping hold after the Form 4 transaction?

After the reported transaction, Ji Ping directly holds 136,667 American Depository Shares of Adlai Nortye. These shares were previously held in a trust structure and were distributed to his personal accounts as part of an ownership restructuring.

Was Ji Ping’s Adlai Nortye (ANL) Form 4 a market purchase or sale?

The Form 4 does not report a market purchase or sale. Instead, it records an “other” transaction where 136,667 ADS were distributed from the PECO Innovation Trust to Ji Ping, giving him direct beneficial ownership without an open-market price.

What is the background of Ji Ping’s investment in Adlai Nortye (ANL)?

According to the footnotes, Ji Ping invested USD 1,344,000 in Adlai Nortye on December 26, 2018. In 2021, this investment became a beneficial interest in the PECO Innovation Trust as part of the company’s IPO restructuring process.

How did the PECO Innovation Trust relate to Adlai Nortye (ANL) shares?

The PECO Innovation Trust held Adlai Nortye shares through PECO International Limited on behalf of Ji Ping. As part of a later restructuring, the trust distributed 136,667 American Depository Shares from this structure into Ji Ping’s personal accounts.

Does Ji Ping’s Form 4 for Adlai Nortye (ANL) indicate new capital entering the company?

The Form 4 reflects a distribution of existing shares from a trust to Ji Ping, not new capital. The underlying funding came from a USD 1,344,000 investment made in 2018, which had already been committed before the current reported transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 12:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ji Ping

(Last) (First) (Middle)

124 OLD TURNPIKE RD

(Street)

CALIFON NEW JERSEY 07830

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Adlai Nortye Ltd. [ ANL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2018

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
American Depository shares	06/10/2026		J(1)		136,667	A	$0(2)	136,667	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. American Depository Shares were distributed from a trust (previously held through PECO International Limited) to the reporting person, at which time the reporting person first acquired beneficial ownership.

2. On December 26, 2018, I invested USD 1,344,000 in Adlai Nortye. In 2021, this investment was converted into a beneficial interest in the PECO Innovation Trust in connection with the IPO restructuring, with the Trust holding the underlying shares through PECO International Limited. The PECO Innovation Trust has now distributed 136,667 ADS to my personal accounts.

	Ping Ji	06/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)