Solowin Holdings (AXG) insider discloses 46.7M shares via Firewood Group

Rhea-AI Filing Summary

Solowin Holdings, Ltd. insider Haokang Zhu filed an initial ownership report showing a large indirect stake in the company. The filing reports beneficial ownership of 46,663,197 Class A Ordinary Shares, held through Firewood Group Limited, where Zhu is the sole director and sole shareholder with sole voting and investment power. This Form 3 records existing ownership and does not disclose any recent share purchases or sales.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zhu Haokang

(Last) (First) (Middle)

C/O SOLOWIN HOLDINGS

33 CANTON ROAD, TSIM SHA TSUI, KOWLOON

(Street)

HONG KONG 00000

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Solowin Holdings, Ltd. [ AXG ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	46,663,197	I	By Firewood Group Limited(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Haokang Zhu is the sole director and sole shareholder of Firewood Group Limited, and has sole voting and investment power over the shares held by Firewood Group Limited.

	/s/ Haokang Zhu	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Solowin Holdings (AXG) Form 3 for Haokang Zhu show?

The Form 3 shows that Haokang Zhu has beneficial ownership of 46,663,197 Class A Ordinary Shares of Solowin Holdings, Ltd., held indirectly through Firewood Group Limited. It is an initial ownership disclosure, not a record of new trades.

How many Solowin Holdings (AXG) shares does Firewood Group Limited hold?

Firewood Group Limited is reported as holding 46,663,197 Class A Ordinary Shares of Solowin Holdings, Ltd. Haokang Zhu is the sole director and sole shareholder of Firewood Group Limited, with sole voting and investment power over these shares.

Is the Solowin Holdings (AXG) Form 3 a buy or sell transaction?

The Form 3 is not a buy or sell transaction. It is an initial statement of beneficial ownership, listing 46,663,197 Class A Ordinary Shares held indirectly through Firewood Group Limited, with no new purchases or sales reported.

How is Haokang Zhu’s ownership in Solowin Holdings (AXG) structured?

Haokang Zhu’s ownership is indirect. The filing states the shares are held by Firewood Group Limited, where Zhu is the sole director and sole shareholder, and has sole voting and investment power over the 46,663,197 Class A Ordinary Shares.

Why is Haokang Zhu considered a ten percent owner of Solowin Holdings (AXG)?

The Form 3 marks Haokang Zhu as a ten percent owner, reflecting his beneficial ownership of 46,663,197 Class A Ordinary Shares through Firewood Group Limited. This large indirect stake triggers reporting as a significant shareholder under SEC rules.