BGIN director Li Qiuhua discloses large share stake

BGIN BLOCKCHAIN Ltd director Li Qiuhua filed an initial ownership report showing significant holdings of the company’s Class A ordinary shares.

Rhea-AI Filing Summary

BGIN BLOCKCHAIN Ltd director Li Qiuhua filed an initial ownership report showing significant holdings of the company’s Class A ordinary shares. The filing reports 60,000 shares held directly and 37,917,656 shares beneficially owned indirectly through Moon Aquarius Limited and a related trust structure where Li can direct voting of those shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Li Qiuhua

Role Director

Type	Security	Shares	Price	Value
holding	Class A ordinary shares	--	--	--
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 60,000 shares (Direct); Class A ordinary shares — 37,917,656 shares (Indirect, By Moon Aquarius Limited)

Footnotes (1)

1. F1. Represents 37,917,656 Class A ordinary shares beneficially owned by Mr. Qiuhua Li through Moon Aquarius Limited, a British Virgin Islands company, an entity wholly owned by Gentle OD Limited, a British Virgin Islands company. Gentle OD Limited is wholly owned by the Gentle OD Trust, of which Maples Trustee Services (Cayman) Limited is the sole trustee. Mr. Qiuhua Li is the settlor of the Gentle OD Trust. Under the terms of this trust, Mr. Qiuhua Li has the power to direct the trustee to exercise the voting power, including voting the shares held by Gentle OD Limited in the Company, while the dispositive powers in respect of the Company shares are exercised by the trustee with Mr. Qiuhua Li's prior written consent.

FAQ

What does Li Qiuhua’s Form 3 filing for BGIN BLOCKCHAIN Ltd report?

The Form 3 reports initial ownership of BGIN BLOCKCHAIN Ltd Class A ordinary shares by director Li Qiuhua. It discloses both directly held shares and a much larger indirect beneficial interest held through Moon Aquarius Limited and a related trust structure.

How many BGIN (BGIN BLOCKCHAIN Ltd) shares does Li Qiuhua hold directly?

The filing states that Li Qiuhua directly owns 60,000 Class A ordinary shares of BGIN BLOCKCHAIN Ltd. These shares are reported as held with direct ownership, separate from the much larger indirect position reported through Moon Aquarius Limited and the associated trust.

What is the size of Li Qiuhua’s indirect beneficial ownership in BGIN?

The document reports 37,917,656 Class A ordinary shares beneficially owned indirectly through Moon Aquarius Limited. This entity is owned through Gentle OD Limited and the Gentle OD Trust, giving Li significant indirect economic and voting exposure to BGIN BLOCKCHAIN Ltd.

How is Moon Aquarius Limited related to Li Qiuhua’s BGIN share ownership?

Moon Aquarius Limited holds 37,917,656 Class A ordinary shares of BGIN BLOCKCHAIN Ltd. It is wholly owned by Gentle OD Limited, which in turn is owned by the Gentle OD Trust, for which Li is settlor and can direct the trustee’s voting of the BGIN shares.

What control does Li Qiuhua have over the BGIN shares held via the Gentle OD Trust?

According to the filing, Li as settlor can direct the trustee to exercise voting power over BGIN shares held by Gentle OD Limited. Dispositive powers over these shares are exercised by the trustee, but only with Li’s prior written consent, indicating meaningful influence.

Does Li Qiuhua’s Form 3 for BGIN indicate recent share purchases or sales?

The Form 3 is described as an initial ownership report and lists holdings as of the reporting date. It shows direct and indirect positions but does not classify any entries as open-market purchases or sales, instead treating them as existing holdings disclosures.

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Accepted by SEC EDGAR 03/18/2026 - 09:01 AM Learn about SEC filing dates

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^*

Li Qiuhua

(Last) (First) (Middle)

#09-12 PAYA LEBAR SQUARE

60 PAYA LEBAR ROAD

(Street)

SINGAPORE 409051

(City) (State) (Zip)

SINGAPORE

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
BGIN BLOCKCHAIN Ltd [ BGIN ]

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		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	60,000	D
Class A ordinary shares	37,917,656	I	By Moon Aquarius 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. Represents 37,917,656 Class A ordinary shares beneficially owned by Mr. Qiuhua Li through Moon Aquarius Limited, a British Virgin Islands company, an entity wholly owned by Gentle OD Limited, a British Virgin Islands company. Gentle OD Limited is wholly owned by the Gentle OD Trust, of which Maples Trustee Services (Cayman) Limited is the sole trustee. Mr. Qiuhua Li is the settlor of the Gentle OD Trust. Under the terms of this trust, Mr. Qiuhua Li has the power to direct the trustee to exercise the voting power, including voting the shares held by Gentle OD Limited in the Company, while the dispositive powers in respect of the Company shares are exercised by the trustee with Mr. Qiuhua Li's prior written consent.

	/s/ Qiuhua Li	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)