OLP, Richard Li and Di Fan Shen report 10.5% stakes in HUYA (HUYA)

Rhea-AI Filing Summary

HUYA Inc. joint statement: Richard Li, Di Fan Shen and OLP Capital Management Limited report beneficial ownership of 7,646,108 Class A ordinary shares each, representing approximately 10.5% of the class as of February 23, 2026. The percentages are calculated using 73,146,779 Ordinary Shares outstanding as of December 31, 2025, per the company's Form 20-F.

OLP holds sole voting and dispositive power over the 7,646,108 shares; Mr. Li and Mr. Shen each hold shared voting and dispositive power over the same 7,646,108 shares. The filing is an amendment to a Schedule 13G filing and updates ownership disclosures.

Insights

Corporate Governance Specialist

Joint beneficial ownership disclosed; voting and dispositive roles clarified.

The filing states that OLP Capital Management Limited holds sole voting and dispositive power over 7,646,108 shares, while Richard Li and Di Fan Shen hold shared voting and dispositive power. This clarifies control arrangements among the reporting persons as of February 23, 2026.

Key dependency: the percentage is tied to 73,146,779 shares outstanding as of December 31, 2025. Subsequent amendments or updated outstanding-share counts in later filings could change reported percentages.

Equity Ownership Analyst

Each reporting person shown with ~10.5% stake; fund interest noted.

The filing reports each reporting person beneficially owns 7,646,108 shares (approximately 10.5% of the class). It also discloses that certain funds managed by OLP, including OceanLink Partners Fund, LP, have interests that relate to more than 5% of outstanding shares.

Investors should note this is a static ownership snapshot as of February 23, 2026; any material change would appear in subsequent ownership filings.

Key Figures

Shares beneficially owned (each): 7,646,108 shares Percent of class (each): 10.5% Shares outstanding used for calculation: 73,146,779 shares

3 metrics

Shares beneficially owned (each) 7,646,108 shares As of February 23, 2026

Percent of class (each) 10.5% Based on 73,146,779 shares outstanding as of December 31, 2025

Shares outstanding used for calculation 73,146,779 shares As of December 31, 2025 (Form 20-F)

Key Terms

beneficially owns, sole dispositive power, Schedule 13G/A

3 terms

beneficially owns regulatory

"Each Reporting Person beneficially owns 7,646,108 Class A ordinary shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

sole dispositive power regulatory

"OLP has the sole power to dispose or direct the disposition of 7,646,108 Ordinary Shares"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"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.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

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)

02/23/2026

(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 7,646,108.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,646,108.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,646,108.00

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)

10.5 %

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 7,646,108.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,646,108.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,646,108.00

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)

10.5 %

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 7,646,108.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,646,108.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,646,108.00

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)

10.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HUYA Inc.
(b)	Address of issuer's principal executive offices: Building A3, E-Park, 280 Hanxi Road, Panyu District, Guangzhou, F4 511446
Item 2.
(a)	Name of person filing: 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 7,646,108 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 February 23, 2026.
(b)	Percent of class: Each Reporting Person beneficially owns approximately 10.5% 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 7,646,108 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 7,646,108 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 7,646,108 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 7,646,108 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.

OLP Capital Management Limited

Signature:	/s/ Richard Li
Name/Title:	Director
Date:	05/08/2026

Richard Li

Signature:	/s/ Richard Li
Name/Title:	Richard Li
Date:	05/08/2026

Di Fan Shen

Signature:	/s/ Di Fan Shen
Name/Title:	Di Fan Shen
Date:	05/08/2026

FAQ

What ownership stake does HUYA (HUYA) disclosure show for Richard Li, Di Fan Shen and OLP?

Each reporting person beneficially owns 7,646,108 shares, about 10.5% of the Class A ordinary shares. The percentages use 73,146,779 shares outstanding as of December 31, 2025, per the company’s Form 20-F.

Who holds voting and dispositive power over the shares reported in the Schedule 13G/A?

OLP Capital Management Limited holds the sole voting and sole dispositive power over the 7,646,108 shares. Richard Li and Di Fan Shen are reported with shared voting and dispositive power for the same share amount.

As of what date are the ownership amounts reported in the HUYA filing?

The ownership amounts are reported as of February 23, 2026. The outstanding-share base for the percentages is taken from the Form 20-F figure of 73,146,779 Ordinary Shares as of December 31, 2025.

Does the filing identify other entities with an interest exceeding 5% in HUYA?

Yes. The filing discloses that certain funds and accounts managed by OLP, including OceanLink Partners Fund, LP, have interests relating to more than 5% of the outstanding Ordinary Shares.

What is the purpose of this Schedule 13G/A amendment filed by the reporting persons?

The amendment updates beneficial ownership and voting/dispositive-power information for the reporting persons. It records each person’s holdings and clarifies that OLP holds sole power while Mr. Li and Mr. Shen hold shared power over the reported shares.