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Schedule 13G: 15.6M Shares Tied to Conversion by Funtery Group in GMHS

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Gamehaus Holdings Inc. Schedule 13G shows that as of June 30, 2025, Funtery Holding Limited and related filers report beneficial ownership of 15,598,113 Class A ordinary shares, representing 29.12% of the class on a converted-basis. Those shares are issuable upon conversion of 15,598,113 Class B ordinary shares held by Funtery Holding Limited, convertible one-for-one into Class A shares at the holder's option. The filing identifies the reporting persons (Funtery Holding Limited, Funomic Holding Limited, Playfund Trust and individual Feng Xie) and discloses shared voting and dispositive power over the 15,598,113 shares, with no sole voting or dispositive power reported.

Positive

  • Clear disclosure of beneficial ownership totaling 15,598,113 shares and the conversion mechanism from Class B to Class A shares
  • Identification of related parties (Funtery Holding Limited, Funomic Holding Limited, Playfund Trust, Feng Xie) clarifies chain of beneficial ownership

Negative

  • High ownership concentration (29.12% on the converted basis) which may concentrate voting influence within a single affiliated group
  • No sole voting or dispositive power reported which may complicate clarity around unilateral control despite the large economic stake

Insights

TL;DR: A single affiliated group holds rights to nearly 30% of Class A shares through convertible Class B shares, a materially large stake.

This Schedule 13G discloses that 15,598,113 Class A shares are attributable to Funtery Holding Limited upon conversion of Class B shares, representing 29.12% on the stated denominator. The filing clarifies ownership structure and shared voting/dispositive power across related entities and an individual. For investors, such an ownership stake can affect governance and voting outcomes if conversion occurs, and it should be considered when assessing shareholder concentration and control dynamics.

TL;DR: Related parties report shared control over a significant convertible position, which concentrates influence within one ownership group.

The joint filing identifies the chain of ownership: Funtery Holding Limited directly holds the convertible Class B shares; Funomic Holding Limited, Playfund Trust and Feng Xie are affiliated and reported as beneficial owners. The filing documents shared voting and dispositive powers (no sole powers) and points to a conversion mechanism (one-for-one) that would increase Class A outstanding if exercised. This concentration is material for board voting dynamics and shareholder deliberations.






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




Comment for Type of Reporting Person: The amount in rows 6, 8 and 9 represents 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of 15,598,113 Class B ordinary shares held by Funtery Holding Limited, as of June 30, 2025. The issuer's Class B ordinary shares are convertible into Class A ordinary shares at any time after issuance at the option of the holder on a one-to-one basis. Percentage of class is calculated based on 37,971,245 Class A ordinary shares as of June 30, 2025. Pursuant to Rule 13d-3(d)(1) under the Securities Exchange Act of 1934, as amended, the denominator of this percentage is the sum of the 37,971,245 Class A ordinary shares plus 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of the Class B ordinary shares described above.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in rows 6, 8 and 9 represents 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of 15,598,113 Class B ordinary shares held by Funtery Holding Limited, as of June 30, 2025. The issuer's Class B ordinary shares are convertible into Class A ordinary shares at any time after issuance at the option of the holder on a one-to-one basis. Percentage of class is calculated based on 37,971,245 Class A ordinary shares as of June 30, 2025. Pursuant to Rule 13d-3(d)(1) under the Securities Exchange Act of 1934, as amended, the denominator of this percentage is the sum of the 37,971,245 Class A ordinary shares plus 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of the Class B ordinary shares described above.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in rows 6, 8 and 9 represents 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of 15,598,113 Class B ordinary shares held by Funtery Holding Limited, as of June 30, 2025. The issuer's Class B ordinary shares are convertible into Class A ordinary shares at any time after issuance at the option of the holder on a one-to-one basis. Percentage of class is calculated based on 37,971,245 Class A ordinary shares as of June 30, 2025. Pursuant to Rule 13d-3(d)(1) under the Securities Exchange Act of 1934, as amended, the denominator of this percentage is the sum of the 37,971,245 Class A ordinary shares plus 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of the Class B ordinary shares described above.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in rows 6, 8 and 9 represents 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of 15,598,113 Class B ordinary shares held by Funtery Holding Limited, as of June 30, 2025. The issuer's Class B ordinary shares are convertible into Class A ordinary shares at any time after issuance at the option of the holder on a one-to-one basis. Percentage of class is calculated based on 37,971,245 Class A ordinary shares as of June 30, 2025. Pursuant to Rule 13d-3(d)(1) under the Securities Exchange Act of 1934, as amended, the denominator of this percentage is the sum of the 37,971,245 Class A ordinary shares plus 15,598,113 Class A ordinary shares issuable to Funtery Holding Limited upon the conversion of the Class B ordinary shares described above.


SCHEDULE 13G



Feng Xie
Signature:/s/ Feng Xie
Name/Title:Feng Xie
Date:08/15/2025
Funomic Holding Limited
Signature:/s/ Feng Xie
Name/Title:Feng Xie/Authorized Signatory
Date:08/15/2025
Playfund Trust
Signature:/s/ Feng Xie
Name/Title:Feng Xie/Authorized Signatory
Date:08/15/2025
Funtery Holding Limited
Signature:/s/ Feng Xie
Name/Title:Feng Xie/Director
Date:08/15/2025
Exhibit Information

Exhibit 99.1 Joint Filing Agreement by and among Funtery Holding Limited, Funomic Holding Limited, Playfund Trust, and Feng Xie

FAQ

Who filed the Schedule 13G for Gamehaus Holdings (GMHS)?

The filing was made by Funtery Holding Limited, Funomic Holding Limited, Playfund Trust and Feng Xie as joint filers.

How many Gamehaus Class A shares are reported as beneficially owned?

The filers report beneficial ownership of 15,598,113 Class A ordinary shares (on a converted-basis).

What percentage of Class A shares does the reported position represent?

The filing states the position represents 29.12% of the Class A ordinary shares on the stated denominator.

Are the reported shares currently Class A or issuable upon conversion?

They are Class A shares issuable upon conversion of 15,598,113 Class B ordinary shares held by Funtery Holding Limited, convertible one-for-one.

Do the filers claim sole voting or dispositive power over the shares?

No. The filing shows 0 sole voting and dispositive power and 15,598,113 shared voting and dispositive power.
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