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.
Here Group Ltd director Zhao Hongqiang filed an initial ownership report showing existing equity interests in the company. He holds options over 9,999 and 10,002 Class A ordinary shares, each with an exercise price of 0.4000 per share and expiring on 2033-12-27. He also holds 3,333 ADSs, and a footnote explains that every one ADS represents three Class A ordinary shares.
Here Group Limited reported strong growth but remained loss-making in the second quarter of FY 2026. Revenues from its pop toy business reached RMB177.3 million (US$25.3 million), a 39.4% quarter-over-quarter increase, driven mainly by its core IP brands and expansion of diversified sales channels.
Gross profit was RMB55.0 million, while higher sales and marketing, along with other operating expenses, led to a net loss from continuing operations of RMB25.4 million (US$3.6 million). On a non-GAAP basis, adjusted net loss from continuing operations was RMB16.1 million (US$2.3 million), or RMB0.10 per share.
Management guided pop toy revenues to RMB140.0–150.0 million for the third quarter and RMB750.0–800.0 million for FY 2026, reflecting confidence in continued growth. The company is also executing a share repurchase program of up to US$20.0 million, having bought back 1.7 million ADSs for US$10.8 million as of March 6, 2026.