Dr. Chan reports 49.4% stake in Green Circle

Green Circle Decarbonize Technology Ltd reports that Dr. Chan Kam Biu Richard beneficially owns 6,360,000 ordinary shares, representing 49.4% of the 12,875,000 ordinary shares outstanding as of March 31, 2026.

Rhea-AI Filing Summary

Green Circle Decarbonize Technology Ltd reports that Dr. Chan Kam Biu Richard beneficially owns 6,360,000 ordinary shares, representing 49.4% of the 12,875,000 ordinary shares outstanding as of March 31, 2026. The stake consists of 1,080,000 shares held by Green Circle Limited and 5,280,000 shares held by Joyful Star Limited, both British Virgin Islands companies wholly owned by the reporting person. The filing states the reporting person has sole voting and dispositive power over those shares.

Insights

Corporate Governance Specialist

Major insider stake gives Dr. Chan near-majority control signals.

The filing documents a 49.4% beneficial holding as of March 31, 2026, split across two wholly owned BVI entities. That level of ownership normally implies significant voting influence and potential control over corporate actions.

Future disclosures about related-party transactions, board composition, or additional share issuances will be important to confirm how this ownership translates into governance outcomes; timing not specified in the excerpt.

Key Figures

Beneficially owned shares: 6,360,000 shares Percent of class: 49.4% Shares outstanding: 12,875,000 shares +2 more

5 metrics

Beneficially owned shares 6,360,000 shares Amount beneficially owned by Dr. Chan as reported

Percent of class 49.4% Percent of ordinary shares outstanding as of March 31, 2026

Shares outstanding 12,875,000 shares Ordinary shares issued and outstanding as of March 31, 2026

Holdings via Green Circle Limited 1,080,000 shares Directly held by Green Circle Limited (BVI), wholly owned by reporting person

Holdings via Joyful Star Limited 5,280,000 shares Directly held by Joyful Star Limited (BVI), wholly owned by reporting person

Key Terms

beneficially owned, sole voting and dispositive power, Schedule 13G

3 terms

beneficially owned regulatory

"Amount beneficially owned: The responses set forth in rows 5"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting and dispositive power regulatory

"has sole voting and dispositive power over the ordinary shares"

Schedule 13G regulatory

"form_type: SCHEDULE 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Dr. Chan hold in Green Circle Decarbonize Technology Ltd (GCDT)?

Dr. Chan beneficially owns 6,360,000 ordinary shares, equal to 49.4% of the class. This percentage is based on 12,875,000 ordinary shares outstanding as of March 31, 2026, per the filing.

How are Dr. Chan's shares held for GCDT?

The shares are held through two BVI companies: Green Circle Limited (1,080,000 shares) and Joyful Star Limited (5,280,000 shares), both stated as 100% owned by the reporting person.

Does Dr. Chan have voting control over the shares reported?

Yes. The filing states the reporting person has sole voting and dispositive power over the ordinary shares held by Green Circle Limited and Joyful Star Limited.

What outstanding share count is the ownership percentage based on?

The 49.4% figure is calculated using 12,875,000 ordinary shares issued and outstanding as of March 31, 2026, as explicitly stated in the filing.

What form was filed to report this ownership for GCDT?

The ownership is reported on a Schedule 13G filing, which discloses beneficial ownership positions and related voting/dispositive powers, according to the provided excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 09:31 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Green Circle Decarbonize Technology Ltd

(Name of Issuer)

Ordinary Shares, par value $0.001 per share

(Title of Class of Securities)

G4092C107

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G4092C107

1

Names of Reporting Persons

Chan Kam Biu Richard

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

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,360,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,360,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,360,000.00

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)

49.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Rows 5, 6, 7, 8 and 9 include: (i) 1,080,000 ordinary shares held directly by Green Circle Limited, a British Virgin Islands company, which is 100% owned by the reporting person, and (ii) 5,280,000 ordinary shares held directly by Joyful Star Limited, a British Virgin Islands company, which is 100% owned by the reporting person. The reporting person, as sole owner of Green Circle Limited and Joyful Star Limited, has sole voting and dispositive power over the ordinary shares of the issuer held by Green Circle Limited and Joyful Star Limited. Row 11 is based on 12,875,000 ordinary shares issued and outstanding as of March 31, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Green Circle Decarbonize Technology Ltd
(b)	Address of issuer's principal executive offices: FLAT 1809, PROSPERITY PLACE, 6 SHING YIP STREET, KWUN TONG, KOWLOON, HONG KONG, 00000.
Item 2.
(a)	Name of person filing: Dr. Chan Kam Biu Richard
(b)	Address or principal business office or, if none, residence: Unit 1809, Prosperity Place, 6 Shing Yip St., Kwun Tong, Kowloon, Hong Kong
(c)	Citizenship: Hong Kong
(d)	Title of class of securities: Ordinary Shares, par value $0.001 per share
(e)	CUSIP Number(s): G4092C107
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: The responses set forth in rows 5, 6, 7, 8 and 9 and the related "Comments" on the cover page to this Schedule 13G are incorporated by reference into this Item 4.
(b)	Percent of class: The response set forth in row 11 and the related "Comment" on the cover page to this Schedule 13G are incorporated by reference into this Item 4.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The response set forth in row 5 and the related "Comment" on the cover page to this Schedule 13G are incorporated by reference into this Item 4.
	(ii) Shared power to vote or to direct the vote: The response set forth in row 6 and the related "Comment" on the cover page to this Schedule 13G are incorporated by reference into this Item 4.
	(iii) Sole power to dispose or to direct the disposition of: The response set forth in row 7 and the related "Comment" on the cover page to this Schedule 13G are incorporated by reference into this Item 4.
	(iv) Shared power to dispose or to direct the disposition of: The response set forth in row 8 and the related "Comment" on the cover page to this Schedule 13G are incorporated by reference into this Item 4.
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:
	Not Applicable

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.

Chan Kam Biu Richard

Signature:	Chan Kam Biu Richard
Name/Title:	Chan Kam Biu Richard
Date:	05/05/2026