Cunjun Ma holds 359.4M Huize shares; voting control detailed (NYSE: HUIZ)

Rhea-AI Filing Summary

Huize Holding Limited Schedule 13G/A Amendment No. 4 reports that Cunjun Ma beneficially owns 359,433,041 common shares, representing 31.7% of the class. The filing states the percentage is calculated from 1,008,857,623 total common shares outstanding as of February 28, 2025.

The filing breaks the position down as (i) 123,745,346 Class A shares issuable upon exercise of options within 60 days of March 31, 2026; (ii) 10,320,000 Class A shares in ADS form held by Mr. Ma; (iii) 150,591,207 Class B shares held by Huidz Holding Limited; and (iv) 74,776,488 Class A shares held by other shareholders whose sole voting power has been delegated to Mr. Ma. The filing states Mr. Ma controls 76.1% of total outstanding voting power.

Key Figures

Beneficially owned: 359,433,041 shares Percent of class: 31.7% Total shares outstanding: 1,008,857,623 shares +3 more

6 metrics

Beneficially owned 359,433,041 shares Amount beneficially owned by Cunjun Ma (Item 4)

Percent of class 31.7% Percent of class held by Cunjun Ma (based on Feb 28, 2025 total)

Total shares outstanding 1,008,857,623 shares Common shares outstanding used to calculate percentages as of Feb 28, 2025

Class A issuable on exercise 123,745,346 shares Class A common shares issuable to Mr. Ma upon exercise of options within 60 days of Mar 31, 2026

Class B held by Huidz 150,591,207 shares Class B common shares directly held by Huidz Holding Limited

Voting power controlled 76.1% Mr. Ma's percentage of total outstanding voting power

Key Terms

Class B common shares, Beneficially owned, Sole voting power, ADS

4 terms

Class B common shares regulatory

"Each class B common share is entitled to fifteen votes"

Class B common shares are one of multiple types of a company’s ordinary stock that usually differ from other classes in voting power, dividend priority, or transferability. For investors, the difference matters because owning Class B may mean less control over corporate decisions or different income potential compared with other share classes—like having a seat with fewer votes at a board meeting while still sharing in the company’s profits.

Beneficially owned regulatory

"Amount beneficially owned: 359,433,041"

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 voting power regulatory

"Sole Voting Power 359,433,041.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

ADS market

"10,320,000 Class A common shares in the form of ADSs held by Mr. Cunjun Ma"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Huize Holding Limited

(Name of Issuer)

Common shares, par value of $0.00001 per share

(Title of Class of Securities)

G46439108

(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): G46439108

1

Names of Reporting Persons

Cunjun Ma

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

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 359,433,041.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 359,433,041.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

359,433,041.00

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)

31.7 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 1. Represents (i) 123,745,346 Class A common shares issuable to Mr. Cunjun Ma upon exercise of options within 60 days of March 31, 2026; (ii) 10,320,000 Class A common shares in the form of ADSs held by Mr. Cunjun Ma; (iii) 150,591,207 Class B common shares held by Huidz Holding Limited; and (iv) 74,776,488 Class A common shares held by other shareholders of the Issuer, the sole voting power of which has been delegated to Mr. Cunjun Ma. Huidz Holding Limited is a company incorporated in British Virgin Islands and ultimately controlled by QYRT Family Trust, a trust established under the laws of the British Virgin Islands and managed by HSBC International Trustee Limited as the trustee. Mr. Cunjun Ma is the settlor of the trust and his family member(s) are the trust's beneficiaries. 2. The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 1,008,857,623 common shares of the Issuer issued and outstanding as of February 28, 2025, being the sum of (i) 858,266,416 Class A common shares (excluding 3,619,900 Class A common shares reserved for issuance under the Issuer's share incentive plans and 50,414,900 Class A common shares in the form of ADSs that the Issuer repurchased under its share repurchase program) and (ii) 150,591,207 Class B common shares. 3. The voting power of the common shares beneficially owned by Mr. Cunjun Ma represents 76.1% of the total outstanding voting power of the Issuer. 4. For each Reporting Person, the percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of the Issuer's class A and class B common shares as a single class as of February 28, 2025. Each class A common share is entitled to one vote, and each class B common share is entitled to fifteen votes. Each class B common share is convertible at the option of the holder into one class A common share, whereas class A common shares are not convertible into class B common shares under any circumstances.

SCHEDULE 13G

CUSIP Number(s): G46439108

1

Names of Reporting Persons

Huidz Holding 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 150,591,207.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 150,591,207.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

150,591,207.00

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)

14.9 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: 1. Represents 150,591,207 Class B common shares directly held by Huidz Holding Limited. 2. The voting power of the common shares beneficially owned by Huidz Holding Limited represents 72.5% of the total outstanding voting power of the Issuer.

SCHEDULE 13G

CUSIP Number(s): G46439108

1

Names of Reporting Persons

Bodyguard Holding 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 31,843,892.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 31,843,892.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

31,843,892.00

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)

3.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: 1. Represents 31,843,892 Class A common shares directly held by Bodyguard Holding Limited, an ESOP platform of the Issuer. The sole voting power of these Class A common shares has been delegated to Mr. Cunjun Ma. 2. The voting power of the common shares beneficially owned by Bodyguard Holding Limited represents 1.0% of the total outstanding voting power of the Issuer.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Huize Holding Limited
(b)	Address of issuer's principal executive offices: 49/F, Building T1, Qianhai Financial Centre, Linhai Avenue, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen 518000, People's Republic of China
Item 2.
(a)	Name of person filing: Cunjun Ma, Huidz Holding Limited and Bodyguard Holding Limited (collectively, the "Reporting Persons")
(b)	Address or principal business office or, if none, residence: The address of Cunjun Ma is 49/F, Building T1, Qianhai Financial Centre, Linhai Avenue, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen 518000, People's Republic of China. The address of both Huidz Holding Limited and Bodyguard Holding Limited is Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town, Tortola, British Virgin Islands VG1 110.
(c)	Citizenship: Cunjun Ma is a citizen of the People's Republic of China. Each of Huidz Holding Limited and Bodyguard Holding Limited is a business company incorporated in British Virgin Islands.
(d)	Title of class of securities: Common shares, par value of $0.00001 per share
(e)	CUSIP No.:
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: 359,433,041
(b)	Percent of class: 31.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 359,433,041
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 359,433,041
	(iv) Shared power to dispose or to direct the disposition of: 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:
	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.

Cunjun Ma

Signature:	/s/ Cunjun Ma
Name/Title:	Cunjun Ma
Date:	04/13/2026

Huidz Holding Limited

Signature:	/s/ Cunjun Ma
Name/Title:	Cunjun Ma / Director
Date:	04/13/2026

Bodyguard Holding Limited

Signature:	/s/ Feijuan Wang
Name/Title:	Feijuan Wang / Director
Date:	04/13/2026

FAQ

What stake does Cunjun Ma hold in Huize (HUIZ)?

Mr. Ma beneficially owns 359,433,041 common shares, equal to 31.7% of the class. This percentage is calculated from 1,008,857,623 total common shares outstanding as of February 28, 2025.

How much voting power does Cunjun Ma control at Huize (HUIZ)?

The filing states Mr. Ma controls 76.1% of the Issuer's total outstanding voting power. This reflects the dual‑class structure where Class B shares carry 15 votes per share versus one vote for Class A.

What components make up Mr. Ma's reported holdings in Huize (HUIZ)?

Holdings include 123,745,346 Class A shares issuable on option exercise within 60 days of March 31, 2026, 10,320,000 ADS-form Class A shares, 150,591,207 Class B shares via Huidz Holding, and 74,776,488 Class A shares with voting delegated to Mr. Ma.

What is the total number of Huize shares used to calculate ownership percentages?

The percentage calculations use a total of 1,008,857,623 common shares outstanding as of February 28, 2025, comprised of 858,266,416 Class A shares and 150,591,207 Class B shares, per the filing.