SUPER HI (HDL) founders clarify 43% stake through SP NP and ZY NP

Rhea-AI Filing Summary

SUPER HI INTERNATIONAL HOLDING LTD. received an amended ownership report showing that founders Shu Ping and Zhang Yong, together with their British Virgin Islands holding companies SP NP LTD and ZY NP LTD, beneficially own 279,737,389 ordinary shares, or 43.0% of the company’s ordinary shares.

The filing explains that these shares are held through SP NP LTD and ZY NP LTD, including stakes received via a distribution in specie from NP United Holding Ltd. It clarifies that all of these shares have been under the ownership and control of Zhang Yong and/or Shu Ping since the company’s initial registration and that each now reports beneficial ownership of securities held directly or indirectly by their spouse.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SUPER HI INTERNATIONAL HOLDING LTD.

(Name of Issuer)

Ordinary shares, par value of US$0.000005 per share

(Title of Class of Securities)

86803S106

(CUSIP Number)

12/31/2025

(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. 86803S106

1

Names of Reporting Persons

Shu Ping

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

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 71,561,070.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 71,561,070.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

71,561,070.00

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)

11.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The percent in row (11) is based on 650,299,000 ordinary shares outstanding as of September 2, 2025, as reported in the Issuer's Form 6-K dated September 2, 2025.

SCHEDULE 13G

CUSIP No. 86803S106

1

Names of Reporting Persons

SP NP LTD

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 0.00
6	Shared Voting Power 71,561,070.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 71,561,070.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

71,561,070.00

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)

11.0 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The percent in row (11) is based on 650,299,000 ordinary shares outstanding as of September 2, 2025, as reported in the Issuer's Form 6-K dated September 2, 2025.

SCHEDULE 13G

CUSIP No. 86803S106

1

Names of Reporting Persons

ZHANG YONG

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

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 208,176,319.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 208,176,319.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

208,176,319.00

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)

32.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The percent in row (11) is based on 650,299,000 ordinary shares outstanding as of September 2, 2025, as reported in the Issuer's Form 6-K dated September 2, 2025.

SCHEDULE 13G

CUSIP No. 86803S106

1

Names of Reporting Persons

ZY NP LTD

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 0.00
6	Shared Voting Power 208,176,319.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 208,176,319.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

208,176,319.00

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)

32.0 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The percent in row (11) is based on 650,299,000 ordinary shares outstanding as of September 2, 2025, as reported in the Issuer's Form 6-K dated September 2, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUPER HI INTERNATIONAL HOLDING LTD.
(b)	Address of issuer's principal executive offices: 1 Paya Lebar Link, #09-04, PLQ 1 Paya Lebar, Quarter Singapore, U0, 408533. (86) 18661951778
Item 2.
(a)	Name of person filing: Ping SHU SP NP LTD Yong ZHANG ZY NP LTD
(b)	Address or principal business office or, if none, residence: SHU Ping and ZHANG Yong: 1 Paya Lebar Link, #09-04, PLQ 1 Paya Lebar Quarter, Singapore SP NP LTD and ZY NP LTD: Trinity Chambers, P.O., Box 4301, Road Town, Tortola, British Virgin Islands.
(c)	Citizenship: Singapore; British Virgin Islands
(d)	Title of class of securities: Ordinary shares, par value of US$0.000005 per share
(e)	CUSIP No.: 86803S106
Item 4.	Ownership
(a)	Amount beneficially owned: 279,737,389.00 The reported securities are held as follows: (i) 42,596,202 ordinary shares held by SP NP LTD, an investment holding company incorporated in the British Virgin Islands and controlled by Ping SHU as reported on the initial Schedule 13G filed by Ping Shu with the SEC on January 3, 2025 (the "Initial Schedule 13G"), and (ii) 28,964,868 ordinary shares received by SP NP LTD, through the distribution in species of NP UNITED HOLDING LTD ("NP United") all the ordinary shares of the Issuer held by NP United to the shareholders of NP United in strict proportion to their respective shareholding percentages, ("Distribution in Specie by NP United Holding Ltd"), as reported in the Issuer's Form 6-K dated September 2, 2025; as well as (iii) 114,873,912 ordinary shares held by ZY NP LTD, an investment holding company incorporated in the British Virgin Islands and controlled by Yong ZHANG, Ping SHU's spouse, as initially reported in the Issuer's Registration Statement on May 17, 2025; and (iv) 93,302,407 ordinary shares received by ZY NP LTD, through the Distribution in Specie by NP United, which were not reflected in the prior filings as they were previously disclaimed by Ping Shu. In connection with the Distribution in Specie by NP United Holding Ltd, the initial Schedule 13G filed by Ping Shu with the SEC on January 3, 2025 (the "Initial Schedule 13G") was amended and restated as a Schedule 13D filed with the SEC on November 25, 2025 (the "November Schedule 13D"). In this regard, all of the 279,737,389 ordinary shares reported on this Statement, representing 43.0% of the Ordinary shares outstanding, have been under the ownership and control of Yong Zhang and/or Ping Shu at all times since the Issuer's initial registration and neither disclaims beneficial ownership of securities directly or indirectly held by their spouse. Accordingly, this Amendment No. 1 amends and restates both the Initial Schedule 13G and the November Schedule 13D.
(b)	Percent of class: 43.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Reference is hereby made to the response to item 5 of each Reporting Person, which responses are incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: Reference is hereby made to the response to item 6 of each Reporting Person, which responses are incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: Reference is hereby made to the response to item 7 of each Reporting Person, which responses are incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: Reference is hereby made to the response to item 8 of each Reporting Person, which responses are incorporated herein by reference.
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.

Shu Ping

Signature:	/s/ Ping SHU
Name/Title:	Ping SHU
Date:	02/03/2026

SP NP LTD

Signature:	/s/ Ping SHU
Name/Title:	Ping SHU
Date:	02/03/2026

ZHANG YONG

Signature:	/s/ Yong ZHANG
Name/Title:	Yong ZHANG
Date:	02/03/2026

ZY NP LTD

Signature:	/s/ Yong ZHANG
Name/Title:	Yong ZHANG
Date:	02/03/2026

Comments accompanying signature: 99.1 Joint Filing Agreement

Exhibit Information

99.1 Joint Filing Agreement

FAQ

What percentage of SUPER HI (HDL) does Shu Ping and Zhang Yong now report owning?

They report beneficial ownership of 43.0% of SUPER HI’s ordinary shares. This corresponds to 279,737,389 ordinary shares, reflecting holdings controlled by Shu Ping and Zhang Yong through SP NP LTD and ZY NP LTD after a distribution in specie.

How many SUPER HI (HDL) shares are beneficially owned according to this Schedule 13G/A amendment?

The amendment reports beneficial ownership of 279,737,389 ordinary shares. This total combines shares held by SP NP LTD and ZY NP LTD, including shares received from NP United Holding Ltd’s distribution in specie to its shareholders.

How is ownership of SUPER HI (HDL) split between Shu Ping’s and Zhang Yong’s entities?

SP NP LTD, associated with Shu Ping, is reported with 71,561,070 shares, while ZY NP LTD, associated with Zhang Yong, is reported with 208,176,319 shares. Together these positions sum to the reported 279,737,389 shares beneficially owned.

What is the share count used to calculate ownership percentages in the SUPER HI (HDL) filing?

Percentages are based on 650,299,000 ordinary shares outstanding as of September 2, 2025. This outstanding share count comes from SUPER HI’s Form 6-K dated the same day and underpins the 11.0%, 32.0%, and 43.0% calculations.

Why did SUPER HI (HDL) insiders amend their Schedule 13G filing?

The amendment aligns disclosures after NP United Holding Ltd’s distribution in specie and clarifies that all 279,737,389 shares have been under Yong Zhang’s and/or Shu Ping’s ownership and control since initial registration, with no disclaimer of beneficial ownership of a spouse’s securities.

Which entities hold SUPER HI (HDL) shares for Shu Ping and Zhang Yong?

The filing lists SP NP LTD and ZY NP LTD, both British Virgin Islands investment holding companies. SP NP LTD is controlled by Shu Ping, and ZY NP LTD is controlled by Zhang Yong, and together they hold the 279,737,389 ordinary shares reported.