First Wilshire now reports 0% ownership of FGI Industries (FGI) ordinary shares

Rhea-AI Filing Summary

FGI Industries Ltd received an updated ownership report from institutional investor First Wilshire Securities Management, Inc. in an Amendment No. 3 to a Schedule 13G. First Wilshire reports beneficial ownership of 0 ordinary shares of FGI, representing 0.0% of the class, with no sole or shared voting or dispositive power.

First Wilshire certifies that any securities referenced were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of FGI Industries Ltd, nor in connection with any transaction intended to have that effect.

Insights

Equity ownership and regulatory disclosure analyst

Institutional holder now reports 0% beneficial ownership in FGI.

First Wilshire Securities Management, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 0 ordinary shares of FGI Industries Ltd, corresponding to 0.0% of the class. It also discloses no sole or shared voting or dispositive power over FGI shares.

This type of filing is primarily administrative, updating the public record on institutional holdings. The certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control, which aligns with the passive-investor nature of a Schedule 13G.

Future company filings or beneficial ownership reports may clarify the broader shareholder base and any changes among other significant holders, but this amendment on its own simply documents First Wilshire’s absence of beneficial ownership at the reported date.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

FGI INDUSTRIES LTD

(Name of Issuer)

ORDINARY SHARES

(Title of Class of Securities)

G3302D103

(CUSIP Number)

09/16/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G3302D103

1

Names of Reporting Persons

First Wilshire Securities Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FGI INDUSTRIES LTD
(b)	Address of issuer's principal executive offices: 906 MURRAY ROAD, EAST HANOVER, NJ 07869
Item 2.
(a)	Name of person filing: First Wilshire Securities Management, Inc.
(b)	Address or principal business office or, if none, residence: 1214 East Green Street, Suite 104, Pasadena, CA 91106
(c)	Citizenship: California
(d)	Title of class of securities: ORDINARY SHARES
(e)	CUSIP No.: G3302D103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

First Wilshire Securities Management, Inc.

Signature:	Howard Lu
Name/Title:	CEO
Date:	02/10/2026

FAQ

What does First Wilshire’s Schedule 13G/A say about its FGI (FGI) holdings?

The amended Schedule 13G states that First Wilshire Securities Management, Inc. beneficially owns 0 ordinary shares of FGI Industries Ltd, representing 0.0% of the class, with no sole or shared voting or dispositive power reported.

Who is the reporting person in this FGI (FGI) Schedule 13G/A filing?

The reporting person is First Wilshire Securities Management, Inc., a California entity with its principal business office at 1214 East Green Street, Suite 104, Pasadena, CA 91106, as disclosed in the ownership and identification sections of the amended Schedule 13G.

What percentage of FGI (FGI) does First Wilshire report owning in this amendment?

First Wilshire reports beneficial ownership of 0.0% of the class of FGI Industries Ltd ordinary shares. The filing specifies an aggregate beneficially owned amount of 0 shares, with no voting or dispositive power over any FGI securities.

What class of FGI (FGI) securities is covered by this Schedule 13G/A?

The filing covers ordinary shares of FGI Industries Ltd, identified by CUSIP number G3302D103. All ownership disclosures, including share count and percentage of class, relate specifically to this class of FGI securities.

What does the certification in the FGI (FGI) Schedule 13G/A indicate?

The certification states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of FGI Industries Ltd, and not in connection with any transaction intended to have such a control-related effect.

Does First Wilshire claim any voting power over FGI (FGI) shares in this filing?

No. The filing reports 0 shares with sole voting power and 0 shares with shared voting power, and similarly 0 shares with sole or shared dispositive power, reflecting no reportable voting authority over FGI Industries Ltd ordinary shares.