HUYA Inc. ownership update: OLP Capital Management Limited, Richard Li and Di Fan Shen each report beneficial ownership of 9,141,109 Class A ordinary shares as of March 31, 2026.
The filing states each Reporting Person holds approximately 12.5% of the class based on 73,146,779 Ordinary Shares outstanding as of December 31, 2025. OLP holds sole voting and dispositive power over the 9,141,109 shares; Messrs. Li and Shen report shared voting and dispositive power.
Positive
None.
Negative
None.
Insights
Top shareholders disclose identical 12.5% stakes under shared reporting.
The statement lists 9,141,109 shares of beneficial ownership for OLP, Richard Li and Di Fan Shen, with the ownership percentages computed from 73,146,779 shares outstanding as of December 31, 2025. The disclosure clarifies voting and dispositive arrangements: OLP has sole power; the individuals report shared power.
Investor implications hinge on holder coordination and any future Schedule 13D changes; subsequent filings would show if holdings become active or change control status.
Filing follows passive-investor disclosure conventions for a Schedule 13G/A amendment.
The amendment amends prior reporting to reflect beneficial ownership as of March 31, 2026 and cites an outstanding-share base from the issuer's Form 20-F. It also names OceanLink Partners Fund, LP as a fund with >5% interest held through OLP-managed accounts.
Watch for any future Schedule 13D or Form 4 filings that would indicate active control or transactions by the Reporting Persons.
Key Figures
Beneficial ownership per Reporting Person:9,141,109 sharesPercent of class:12.5%Shares outstanding used for calculation:73,146,779 shares+1 more
4 metrics
Beneficial ownership per Reporting Person9,141,109 sharesAmount beneficially owned as of <date>March 31, 2026</date>
Percent of class12.5%Each Reporting Person's percentage based on outstanding shares as of <date>December 31, 2025</date>
Shares outstanding used for calculation73,146,779 sharesOutstanding Ordinary Shares as of <date>December 31, 2025</date> per Form 20-F
CUSIP44852D108Class A ordinary shares represented by ADSs
Key Terms
beneficially owned, sole voting/dispositive power, shared voting/dispositive power, Schedule 13G/A
4 terms
beneficially ownedregulatory
"Each Reporting Person beneficially owns 9,141,109 Class A ordinary shares"
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/dispositive powerregulatory
"OLP has the sole power to vote or direct the vote of 9,141,109 Ordinary Shares"
shared voting/dispositive powerregulatory
"Each of Mr. Li and Mr. Shen has the shared power to vote or direct the vote of 9,141,109 Ordinary Shares"
Schedule 13G/Aregulatory
"This joint statement on is being filed by Richard Li, Di Fan Shen and OLP Capital Management Limited"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
What stake does OLP Capital report in HUYA (HUYA)?
OLP Capital reports beneficial ownership of 9,141,109 shares as of March 31, 2026. The filing states this represents approximately 12.5% of the Class A ordinary shares, using 73,146,779 shares outstanding as of December 31, 2025.
How do Richard Li and Di Fan Shen report their holdings in HUYA (HUYA)?
Each reports beneficial ownership of 9,141,109 shares as of March 31, 2026. The filing shows they have shared voting and dispositive power over those shares while OLP holds sole voting and dispositive power.
What outstanding share base is HUYA using to compute the percent ownership?
The percent ownership figures are based on 73,146,779 Ordinary Shares issued and outstanding as of December 31, 2025, cited from HUYA's most recent annual report on Form 20-F for the fiscal year ended that date.
Does the filing identify other entities with rights to proceeds or dividends?
Yes. The amendment states certain funds and accounts managed by OLP, including OceanLink Partners Fund, LP, have rights to dividends or sale proceeds and that fund has an interest relating to more than 5% of the outstanding Ordinary Shares.
Who has voting and dispositive power over the reported shares?
OLP Capital Management Limited is reported to have sole voting and sole dispositive power over 9,141,109 Ordinary Shares. Richard Li and Di Fan Shen are reported with shared voting and shared dispositive power over the same number of shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
HUYA Inc.
(Name of Issuer)
Class A ordinary shares, par value US$0.0001 per share (represented by American Depositary Shares)
(Title of Class of Securities)
44852D108
(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):
44852D108
1
Names of Reporting Persons
OLP Capital Management 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
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,141,109.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,141,109.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,141,109.00
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)
12.5 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
44852D108
1
Names of Reporting Persons
Richard Li
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
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,141,109.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,141,109.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,141,109.00
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)
12.5 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
44852D108
1
Names of Reporting Persons
Di Fan Shen
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
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,141,109.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,141,109.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,141,109.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
This joint statement on Schedule 13G is being filed by Richard Li, Di Fan Shen and OLP Capital Management Limited, a Hong Kong private company ("OLP" and, together with Mr. Li and Mr. Shen, the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is Unit 2430, 24/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong.
(c)
Citizenship:
OLP is a private company organized under the laws of Hong Kong, and each of Mr. Li and Mr. Shen is a citizen of Canada.
(d)
Title of class of securities:
Class A ordinary shares, par value US$0.0001 per share (represented by American Depositary Shares)
(e)
CUSIP No.:
44852D108
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:
Each Reporting Person beneficially owns 9,141,109 Class A ordinary shares, par value US$0.0001 per share, of the Issuer ("Ordinary Shares"). The amounts and percentages of beneficial ownership reported herein are as of March 31, 2026.
(b)
Percent of class:
Each Reporting Person beneficially owns approximately 12.5% of the class. The percentages of beneficial ownership reported herein, and on each Reporting Person's cover page to this Schedule 13G, are based on a total of 73,146,779 Ordinary Shares issued and outstanding as of December 31, 2025, as reported in the most recent annual report of the Issuer on Form 20-F for its fiscal year ended December 31, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
OLP has the sole power to vote or direct the vote of 9,141,109 Ordinary Shares. Each of Mr. Li and Mr. Shen has the sole power to vote or direct the vote of 0 Ordinary Shares.
(ii) Shared power to vote or to direct the vote:
OLP has the shared power to vote or to direct the vote of 0 Ordinary Shares. Each of Mr. Li and Mr. Shen has the shared power to vote or direct the vote of 9,141,109 Ordinary Shares.
(iii) Sole power to dispose or to direct the disposition of:
OLP has the sole power to dispose or direct the disposition of 9,141,109 Ordinary Shares. Each of Mr. Li and Mr. Shen has the sole power to dispose or direct the disposition of 0 Ordinary Shares.
(iv) Shared power to dispose or to direct the disposition of:
OLP has the shared power to dispose or to direct the disposition of 0 Ordinary Shares. Each of Mr. Li and Mr. Shen has the shared power to dispose or direct the disposition of 9,141,109 Ordinary Shares.
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.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Certain funds and accounts managed by OLP have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Ordinary Shares, including OceanLink Partners Fund, LP, which has an interest relating to more than 5% of the outstanding Ordinary Shares.
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:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
