Qian Fenglei reports 4,000,000 FOFO shares via holding entity
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Hang Feng Technology Innovation Co., Ltd. director and chairman Qian Fenglei reported beneficial ownership of 4,000,000 ordinary shares. These shares are held indirectly through Hang Feng International Holdings Co., Limited, where he owns 56.67% of the economic interest and has voting and investment control.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Qian Fenglei
Role
Chairman of the board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Ordinary shares, par value $0.0001 per share — 4,000,000 shares (Indirect, By Hang Feng International Holdings Co., Limited)
Footnotes (1)
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FAQ
What does Hang Feng (FOFO) director Qian Fenglei report on this Form 3?
He reports beneficial ownership of 4,000,000 ordinary shares. The filing shows these shares are held indirectly through Hang Feng International Holdings Co., Limited, reflecting his current equity stake and control position in the company’s stock.
What economic interest does Qian Fenglei have in Hang Feng International Holdings Co., Limited?
He directly holds 56.67% of the economic interest in Hang Feng International Holdings Co., Limited. This percentage indicates the portion of that entity’s economic benefits attributable to him from its holdings of Hang Feng Technology Innovation Co., Ltd. shares.
Is the ownership on this Hang Feng (FOFO) Form 3 direct or indirect?
The ownership is classified as indirect. The Form 3 specifies the ownership code as “I” and the nature of ownership as shares held by Hang Feng International Holdings Co., Limited on behalf of Qian Fenglei.