Boqii (NYSE: BQ) Co-CEO and CFO Tang Yingzhi reports initial share and option holdings

Rhea-AI Filing Summary

Boqii Holding Ltd director and Co-CEO/CFO Tang Yingzhi has filed an initial Form 3 reporting her equity interests in the company. She indirectly beneficially holds 500,000 Class C ordinary shares through Green Mountain Management Limited, a British Virgin Islands company jointly owned 50/50 with her spouse.

The filing also reports beneficial ownership of 27,159 Class B ordinary shares through a 33.33% equity interest in MTL, which directly owns 81,486 Class B shares. In addition, she directly holds stock options over 94, 9 and 206 Class A ordinary shares at exercise prices of 329.4000, 660.8000 and 16.0000, expiring in 2026, 2030 and 2033 respectively.

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

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1. Name and Address of Reporting Person^*

TANG YINGZHI

(Last) (First) (Middle)

ROOM 1203, BUILDING T1, LANE 235

YUBEI ROAD, PUDONG NEW DISTRICT

(Street)

SHANGHAI 201210

(City) (State) (Zip)

CHINA

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Boqii Holding Ltd [ BQ ]

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
X	Officer (give title below)		Other (specify below)
	Co-CEO and CFO

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 C ordinary shares	500,000	I	See Footnote(1)(2)

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
Class B ordinary shares	(3)	(3)	Class A ordinary shares	27,159	(3)	I	See Footnote(3)
Stock Option	01/01/2016	12/31/2026	Class A ordinary shares	94	$329.4	D
Stock Option	03/18/2020	03/17/2030	Class A ordinary shares	9	$660.8	D
Stock Option	04/12/2023	04/11/2033	Class A ordinary shares	206	$16	D

Explanation of Responses:

1. Represents 500,000 Class C ordinary shares of the issuer beneficially held by the Reporting Person through Green Mountain Management Limited ("Green Mountain"), a British Virgin Islands business company, which directly holds 500,000 Class C ordinary shares. The Reporting Person and her spouse each holds 50% ownership interests of Green Mountain.

2. Pursuant to the Certificate of Designation for Class C ordinary shares, the Class C ordinary shares (i) are entitled to one hundred (100) votes per Class C ordinary share, (ii) is nonconvertible into Class A ordinary or Class B ordinary shares of the issuer, (iii) are not entitled to dividends, and (iv) are nontransferable.

3. Represents 27,159 Class B ordinary shares of the issuer beneficially held by the Reporting Person. The Reporting Person holds 33.33% of equity interest in MTL, which directly holds 81,486 Class B ordinary shares. Therefore, the Reporting Person has the voting and investment power with respect to 33.33% of the Class B ordinary shares that MTL beneficially owns. Pursuant to the issuer's Fourteenth Amended and Restated Memorandum and Articles of Association, each Class B ordinary share is entitled to twenty (20) votes per Class B ordinary share and convertible into one (1) Class A ordinary share at any time by the holder thereof. The Class A ordinary shares are nonconvertible into the Class B ordinary shares.

	/s/ Yingzhi (Lisa) Tang	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 Boqii (BQ) Co-CEO and CFO Tang Yingzhi report on this Form 3?

Tang Yingzhi reports her initial beneficial ownership in Boqii. She discloses indirect holdings of Class C and Class B ordinary shares, plus several stock option positions over Class A shares, giving investors a clear view of her reported equity interests and voting exposure.

How many Boqii Class C shares are reported as held by Tang Yingzhi on Form 3?

The Form 3 reports 500,000 Class C ordinary shares beneficially held through Green Mountain Management Limited. Green Mountain is a British Virgin Islands company owned 50% by Tang and 50% by her spouse, and it directly holds the 500,000 Class C shares.

What Boqii Class B share interest does Tang Yingzhi disclose in this Form 3 filing?

Tang discloses beneficial ownership of 27,159 Class B ordinary shares via a 33.33% equity interest in MTL. MTL directly owns 81,486 Class B shares, and Tang has voting and investment power over one-third of those, corresponding to the 27,159 reported shares.

What stock options over Boqii Class A shares does Tang Yingzhi hold?

She reports three stock option positions over Class A ordinary shares: options on 94 shares at 329.4000 expiring in 2026, 9 shares at 660.8000 expiring in 2030, and 206 shares at 16.0000 expiring in 2033, all shown as direct holdings.

How many votes do Boqii Class C and Class B shares carry as described in the Form 3 footnotes?

The footnotes state each Class C ordinary share carries one hundred votes and is nonconvertible, while each Class B ordinary share carries twenty votes and is convertible into one Class A share. Class A shares are nonconvertible into Class B shares under the described terms.

Are Boqii Class C shares reported by Tang Yingzhi convertible or transferable?

The filing explains that the Class C ordinary shares are nonconvertible into Class A or Class B shares, are not entitled to dividends, and are nontransferable. They primarily provide voting power, with one hundred votes per Class C share under the described certificate of designation.