Ebang (NASDAQ: EBON) leader Hu Dong details indirect Class A and B stakes

Rhea-AI Filing Summary

Ebang International Holdings Inc. insider Hu Dong, who serves as Chairman, CEO and CFO and is a ten percent owner, reported his initial indirect holdings in the company. The filing lists Class B ordinary shares held through Top Max Limited and Class A ordinary shares held through Top One Limited.

The filing shows 1,554,192 Class B ordinary shares held indirectly by Top Max Limited, over which Mr. Hu, as settlor and investment manager of the Hu Family Trust, has voting and dispositive power. It also notes 3,750 Class A ordinary shares held by Top One Limited, of which Mr. Hu owns approximately 2.365% and for which he disclaims beneficial ownership beyond his pecuniary interest.

The Class B ordinary shares may be converted into Class A ordinary shares on a one-to-one basis at any time, which could change the mix of Mr. Hu’s indirect economic exposure between the two share classes without altering his overall economic stake.

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^*

Hu Dong

(Last) (First) (Middle)

SUITE 3, LEVEL 10, 35 CLARENCE STREET

(Street)

SYDNEY C3 2000

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/10/2026

3. Issuer Name and Ticker or Trading Symbol
Ebang International Holdings Inc. [ EBON ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, CEO and CFO

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

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	3,750	I	By Top One 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
Class B Ordinary Shares	(2)	(2)	Class A Ordinary Shares	1,554,192	(2)	I	By Top Max Limited(3)

Explanation of Responses:

1. Consists of shares owned by Top One Limited, which is approximately 2.365% owned by Mr. Hu. Mr. Hu disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

2. Class B ordinary shares may be converted to Class A ordinary shares on a one-to-one basis at any time.

3. Consists of shares owned by Top Max Limited, which is wholly owned by Vista Eternity (PTC) Limited, a trustee under the Hu Family Trust in which Mr. Hu is the settlor and the investment manager and has voting and dispositive power over the shares owned by Top Max Limited.

	/s/ Dong Hu	03/10/2026
	** 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 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.
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FAQ

What does Ebang (EBON) insider Hu Dong report in this Form 3?

Hu Dong reports his initial indirect holdings in Ebang International. The filing lists Class B shares held via Top Max Limited and Class A shares via Top One Limited, clarifying his economic exposure and voting power through affiliated entities rather than direct open-market trades.

How many Ebang (EBON) Class B shares are reported through Top Max Limited?

The Form 3 shows 1,554,192 Class B ordinary shares held indirectly through Top Max Limited. These shares are owned by Top Max Limited, which is wholly owned by a trustee of the Hu Family Trust, where Hu Dong has voting and dispositive power over the shares.

What Ebang (EBON) Class A holdings are reported via Top One Limited?

The filing reports 3,750 Class A ordinary shares held by Top One Limited. Hu Dong owns approximately 2.365% of Top One Limited and expressly disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest he may have in them.

Can Ebang (EBON) Class B ordinary shares be converted into Class A shares?

Yes. The Form 3 states that Class B ordinary shares may be converted into Class A ordinary shares on a one-to-one basis at any time. This allows the holder to switch from Class B to Class A while maintaining the same number of shares economically.

Does the Ebang (EBON) Form 3 show any insider buying or selling activity?

No explicit buying or selling transactions are reported. The Form 3 serves as an initial ownership report, detailing indirect holdings through Top Max Limited and Top One Limited, rather than documenting new purchases or sales in the market.

What control does Hu Dong have over Ebang (EBON) shares held by Top Max Limited?

According to the filing, Hu Dong is settlor and investment manager of the Hu Family Trust that owns Top Max Limited, and he has voting and dispositive power over the shares held by Top Max Limited, indicating significant control over those Class B shares.