Here Group Limited SEC Filings

Here Group Limited reported unaudited results for the third quarter of FY 2026. Revenue was RMB164.7 million (US$23.9 million), mainly from its WAKUKU, SIINONO and ZIYULI IP lines, generating gross profit of RMB56.9 million.

The company recorded a net loss of RMB34.1 million (US$4.9 million) and an adjusted net loss of RMB22.9 million (US$3.3 million). Basic and diluted net loss per ordinary share were RMB0.21, while adjusted net loss per share was RMB0.14.

Here now expects fourth-quarter FY 2026 revenue between RMB130.0 million and RMB140.0 million, and has cut full-year guidance from RMB750.0–800.0 million to RMB600.0–610.0 million to reflect near-term market conditions. The company highlighted cost-control efforts and margin focus.

Here also detailed share repurchases. Under its 2025 program of up to US$20.0 million, it had bought back 2.3 million ADSs for US$12.8 million as of June 1, 2026. A new 2026 share repurchase program of up to US$20.0 million is authorized to run from July 1, 2026 to June 30, 2027, funded from existing cash.

Here Group Ltd director WONG PEI HUA has filed an initial Form 3 showing existing equity holdings in the company. The filing reports two options over Class A ordinary shares, each with a conversion or exercise price of $0.4000 per share and an expiration date of December 27, 2033, covering 10,001 and 10,000 underlying Class A ordinary shares respectively. The filing also shows direct ownership of 3,333 American depositary shares. A footnote explains that each American depositary share represents three Class A ordinary shares. These entries are reported as holdings only, with no purchases, sales, or option exercises disclosed in this Form 3.

Here Group Ltd director and chief product officer Zhan Huiyu reported an initial beneficial ownership position tied to a pending merger with Shenzhen Yiqi Culture Co., Ltd. Under this Letsvan merger deal, a total of 18,219,330 Class A ordinary shares are to be issued to him or his designated entity once closing conditions are met and the closing occurs.

The shares are structured in three tranches: 10,931,598 shares as a first tranche, 3,643,866 shares as a second tranche subject to continued employment, and a final 3,643,866-share tranche. Each tranche carries lock-up periods and, for the second and final tranches, annual vesting over four years. The filing also notes holdings of American depositary shares, with each ADS representing three Class A ordinary shares.

Here Group Ltd Senior Vice President Shi Guangqiang has filed an initial ownership report showing equity-based holdings in the company. The filing lists four option awards over Class A ordinary shares, each tied to 150,000 underlying shares at an exercise price of $0.40 per share, with vesting dates from April 1, 2025 through April 1, 2028 and an expiration date of June 20, 2034. It also shows direct ownership of 461 American depositary shares, with a note that each ADS represents three Class A ordinary shares.

Here Group Ltd director Zhu Shunyan has filed an initial ownership report. The Form 3 shows direct holdings of 40,000 American depositary shares, with each ADS representing three Class A ordinary shares. It also lists several option awards over Class A ordinary shares, each with a $0.40 exercise price and expiration on March 20, 2035, with different future exercise dates.

Here Group Ltd’s CFO and Senior Vice President, Xie Dong, has filed an initial ownership report detailing equity holdings in the company. The filing shows direct holdings of American depositary shares totaling 440,355 units, with a footnote stating that each ADS represents three Class A ordinary shares.

The report also lists multiple stock option awards over Class A ordinary shares with exercise prices of $0.10 and $0.40 per share and expiration dates ranging from 2031 to 2034. These options cover blocks of 75,000 to 265,003 underlying shares that vest on various dates between 2024 and 2028, indicating a sizeable long-term incentive position.

Here Group Ltd director and senior vice president Liu Xihao reports existing equity interests in the company. The filing lists several stock options over Class A ordinary shares with exercise prices of $0.10 and $0.40 per share, expiring between 2030 and 2034. It also shows direct ownership of 393,168 American depositary shares, with a footnote stating that each ADS represents three Class A ordinary shares.

Here Group Ltd filed a Form 3 showing that director and ten percent owner Frank Hurst Lin is associated with significant indirect holdings of the company’s equity through several DCM investment funds. The filing lists Class A Ordinary Shares and American Depository Shares held by DCM Ventures China Fund (DCM VIII), L.P., DCM VIII, L.P., and DCM Affiliates Fund VIII, L.P. The footnotes state that Lin, as a director of the general partner entity, may be deemed to have voting and investment power over these positions but disclaims beneficial ownership except to the extent of any pecuniary interest.

Here Group Ltd director and Chief Executive Officer Peng Li has filed an initial statement of beneficial ownership, reporting indirect control over 49,859,049 Class B ordinary shares of the company. These shares are held through Even Par Holding Limited, which is ultimately controlled via the NICE PAR TRUST for the benefit of Mr. Li and his family.

Under the trust arrangement, Mr. Li can direct the trustee on how to vote, retain, or dispose of the shares, and he serves as the sole director of Even Par Holding Limited. This filing does not report any new purchase or sale, but formally discloses his significant existing stake and governance influence.