GigaCloud founder reports 20.1% stake

GigaCloud Technology Inc ownership disclosure: Lei Wu and related entities report beneficial ownership positions in the company's Class A Ordinary Shares as of March 31, 2026.

Rhea-AI Filing Summary

GigaCloud Technology Inc ownership disclosure: Lei Wu and related entities report beneficial ownership positions in the company's Class A Ordinary Shares as of March 31, 2026. The filing shows Mr. Wu beneficially owns 7,336,732 shares (20.1%), while Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited each hold 7,151,732 shares (19.6%). The statement cites 29,341,359 Class A Ordinary Shares issued and outstanding as of February 24, 2026. The filing notes that certain Class B Ordinary Shares held by the entities are convertible into an equal number of Class A Ordinary Shares and describes sole voting and dispositive power figures for the reported holdings.

Insights

Governance & Securities Lawyer

Filing documents beneficial ownership and voting control relationships.

The report clarifies that Lei Wu controls the shares held by two affiliated entities through his sole membership/management of Shan Lao Hu Tong LLC and its ownership of Ji Xiang Hu Tong Holdings Limited. It states exact vote and dispositive power counts for each reported holder.

The disclosure identifies convertible Class B Ordinary Shares that can be converted into Class A shares; conversion mechanics are described simply as "convertible at any time at the option of the holder." Subsequent filings would show any conversions or changes in voting power.

Corporate Finance Analyst

Provides clear ownership percentages and share counts for concentration analysis.

The filing supplies precise positions: 7,336,732 shares (Mr. Wu) and 7,151,732 (each affiliated entity) against an outstanding base of 29,341,359 Class A shares as of February 24, 2026. These figures allow assessment of shareholder concentration.

Investor impact depends on whether Class B-to-A conversions occur; the document states conversion is at holder option, so potential voting/ownership shifts are holder-driven.

Key Figures

Lei Wu beneficial ownership: 7,336,732 shares Shan Lao Hu Tong LLC ownership: 7,151,732 shares Ji Xiang Hu Tong Holdings ownership: 7,151,732 shares +3 more

6 metrics

Lei Wu beneficial ownership 7,336,732 shares Amount beneficially owned as of March 31, 2026

Shan Lao Hu Tong LLC ownership 7,151,732 shares Amount beneficially owned as of March 31, 2026

Ji Xiang Hu Tong Holdings ownership 7,151,732 shares Amount beneficially owned as of March 31, 2026

Class A shares outstanding 29,341,359 shares Issued and outstanding as of February 24, 2026 (used to compute percentages)

Lei Wu ownership percent 20.1% Percent of Class A Ordinary Shares as reported

Affiliated entities ownership percent 19.6% Percent of Class A Ordinary Shares for each entity as reported

Key Terms

Class B Ordinary Shares, beneficially owned, sole dispositive power, issued and outstanding

4 terms

Class B Ordinary Shares regulatory

"The Class B Ordinary Shares are convertible at any time at the option"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

beneficially owned financial

"Amount beneficially owned: Lei Wu - 7,336,732"

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 dispositive power regulatory

"Sole Dispositive Power 7,336,732.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

issued and outstanding market

"29,341,359 Class A Ordinary Shares, issued and outstanding as of February 24, 2026"

Issued and outstanding refers to two related counts of a company's stock: "issued" is the total number of shares the company has created and ever sold, while "outstanding" is the number of those shares currently held by outside investors (issued shares minus any the company holds in its treasury). Investors use outstanding shares to calculate ownership percentages, voting power, earnings per share and market capitalization — think of issued shares as all slices baked and outstanding as the slices actually on the table for people to eat.

FAQ

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

What stake does Lei Wu hold in GCT according to the filing?

Lei Wu beneficially owns 7,336,732 Class A shares, representing 20.1% of Class A Ordinary Shares as of March 31, 2026. The filing ties the percentage to 29,341,359 shares outstanding reported as of February 24, 2026.

How much do affiliated entities hold in GigaCloud (GCT)?

Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited each report 7,151,732 shares, or 19.6% of Class A Ordinary Shares as of March 31, 2026, per the filing's ownership schedule and disclosed outstanding share base.

Are any shares convertible between classes in this GCT filing?

Yes. The filing states certain Class B Ordinary Shares held by the reporting parties are convertible at the holder's option into an equal number of Class A Ordinary Shares, permitting potential future Class A issuance upon conversion.

What voting power is reported for Lei Wu and the entities in the filing?

The filing reports sole voting power and sole dispositive power of 7,336,732 shares for Lei Wu, and 7,151,732 shares each for Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, with zero shared voting or dispositive power shown.

What is the company share base used to calculate percentages in the filing?

Percentages are calculated using 29,341,359 Class A Ordinary Shares issued and outstanding, cited as of February 24, 2026 in the filing's reference to the Annual Report on Form 10-K.

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

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Accepted by SEC EDGAR 04/23/2026 - 06:05 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

GigaCloud Technology Inc

(Name of Issuer)

Class A Ordinary Shares, par value US$0.05 per share

(Title of Class of Securities)

G38644103

(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): G38644103

1

Names of Reporting Persons

Lei Wu

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 7,336,732.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,336,732.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,336,732.00

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)

20.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): G38644103

1

Names of Reporting Persons

Shan Lao Hu Tong LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,151,732.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,151,732.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,151,732.00

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)

19.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G38644103

1

Names of Reporting Persons

Ji Xiang Hu Tong Holdings Limited

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

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,151,732.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,151,732.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,151,732.00

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)

19.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GigaCloud Technology Inc
(b)	Address of issuer's principal executive offices: 4388 Shirley Avenue, El Monte, California, 91731
Item 2.
(a)	Name of person filing: Lei Wu ("Mr. Wu") Shan Lao Hu Tong LLC Ji Xiang Hu Tong Holdings Limited
(b)	Address or principal business office or, if none, residence: Mr. Wu's principal business office is located at 4388 Shirley Avenue, El Monte, CA 91731, U.S.A. The registered address of Shan Lao Hu Tong LLC is 651 N. Broad St., Suite 206, Middletown, DE 19709, Delaware, U.S.A. The registered address of Ji Xiang Hu Tong Holdings Limited is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
(c)	Citizenship: Lei Wu - Hong Kong Shan Lao Hu Tong LLC - Delaware Ji Xiang Hu Tong Holdings Limited - British Virgin Islands
(d)	Title of class of securities: Class A Ordinary Shares, par value US$0.05 per share
(e)	CUSIP No.: G38644103
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: Lei Wu - 7,336,732 Shan Lao Hu Tong LLC - 7,151,732 Ji Xiang Hu Tong Holdings Limited - 7,151,732 The ownership information as of March 31, 2026 represents beneficial ownership of the Issuer's Class A Ordinary Shares, based upon 29,341,359 Class A Ordinary Shares, par value $0.05 per share, issued and outstanding as of February 24, 2026, as disclosed in the Issuer's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 26, 2026. As of March 31, 2026, Mr. Wu's beneficial ownership included (i) 180,000 Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") held directly by Mr. Wu, (ii) 5,000 Class B ordinary shares, par value of US$0.05 per share, of the Issuer ("Class B Ordinary Shares") held directly by Mr. Wu, (iii) 7,151,732 Class B Ordinary Shares held of record by Ji Xiang Hu Tong Holdings Limited. Mr. Wu is the sole member and sole manager of a limited liability company, Shan Lao Hu Tong LLC, that is the sole shareholder of Ji Xiang Hu Tong Holdings Limited. As a result of these relationships, Mr. Wu may be deemed to be the beneficial owner of the securities held of record by Ji Xiang Hu Tong Holdings Limited. The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares.
(b)	Percent of class: Lei Wu - 20.1% Shan Lao Hu Tong LLC - 19.6% Ji Xiang Hu Tong Holdings Limited - 19.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Lei Wu - 7,336,732 Shan Lao Hu Tong LLC - 7,151,732 Ji Xiang Hu Tong Holdings Limited - 7,151,732
	(ii) Shared power to vote or to direct the vote: Lei Wu - 0 Shan Lao Hu Tong LLC - 0 Ji Xiang Hu Tong Holdings Limited - 0
	(iii) Sole power to dispose or to direct the disposition of: Lei Wu - 7,336,732 Shan Lao Hu Tong LLC - 7,151,732 Ji Xiang Hu Tong Holdings Limited - 7,151,732
	(iv) Shared power to dispose or to direct the disposition of: Lei Wu - 0 Shan Lao Hu Tong LLC - 0 Ji Xiang Hu Tong Holdings Limited - 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:

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.

Lei Wu

Signature:	/s/ Lei Wu
Name/Title:	Lei Wu
Date:	04/23/2026

Shan Lao Hu Tong LLC

Signature:	/s/ Lei Wu
Name/Title:	Lei Wu/Member
Date:	04/23/2026

Ji Xiang Hu Tong Holdings Limited

Signature:	/s/ Lei Wu
Name/Title:	Lei Wu/Director
Date:	04/23/2026

Exhibit Information

Exhibit A - Joing Filing Agreement