ECARX CEO reports dual-class share holdings
ECARX Holdings Inc. Chief Executive Officer Shen Ziyu filed an initial ownership report showing indirect control of both Class A and Class B ordinary shares through Jie&Hao Holding Limited.
Rhea-AI Filing Summary
ECARX Holdings Inc. Chief Executive Officer Shen Ziyu filed an initial ownership report showing indirect control of both Class A and Class B ordinary shares through Jie&Hao Holding Limited. The filing reports 3,000,000 Class A shares and 21,480,458 Class B shares held indirectly. Each Class A share carries one vote, while each Class B share carries ten votes, giving Shen substantial voting power over ECARX through Jie&Hao Holding Limited.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (2)
- F1. Shares held of record by Jie&Hao Holding Limited, a limited liability company incorporated in British Virgin Islands. The reporting person holds 100% of the issued and outstanding shares of Little SJH Holding Limited. Little SJH Holding Limited holds 1% of the shares of Jie&Hao Holding Limited, which are voting shares. Magician Hao Holding Limited, which is owned by a trust established for the benefit of the reporting person and his family, holds 99% of shares of Jie&Hao Holding Limited, which are non-voting shares. The reporting person is solely entitled to exercise the voting and dispositive power in respect of all ordinary shares held by Jie&Hao Holding Limited.
- F2. In respect of all matters upon which holders of ordinary shares of the Issuer are entitled to vote, each Class A ordinary share is entitled to one vote and each Class B ordinary share is entitled to ten votes.
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What does Shen Ziyu’s Form 3 for ECARX (ECX) disclose?
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