ICZOOM (IZM) CEO Lei Xia details Class A and B share control
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ICZOOM Group Inc. CEO and Chairman Lei Xia filed an initial statement of beneficial ownership, detailing his dual-class share holdings. He indirectly holds 1,719,500 Class B ordinary shares through Xuyan Development Limited, which he wholly owns and over which he has voting and investment power.
He also directly holds 250,000 Class B ordinary shares and 250,000 Class A ordinary shares. Each Class A share carries 1 vote, while each Class B share carries 10 votes. Mr. Xia may convert his Class B shares, whether held directly or via Xuyan Development, into Class A shares on a one-for-one basis at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
XIA LEI
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 1,719,500 shares (Indirect, See Footnote);
Class B Ordinary Shares — 250,000 shares (Direct);
Class A Ordinary Shares — 250,000 shares (Direct)
Footnotes (1)
- Represents 1,719,500 Class B ordinary shares held by Xuyan Development Limited ("Xuyan Development"), which is wholly owned by Mr. Lei Xia ("Mr. Xia"). Accordingly, Mr. Xia is deemed to have voting, dispositive or investment powers over Xuyan Development. Each Class A Ordinary Shares entitles to 1 vote and each Class B Ordinary Shares entitles to 10 votes. Mr. Xia maintains the right to convert the Class B Ordinary Shares held by himself and by Xuyan Development into Class A Ordinary Shares at any time, in his sole discretion, on a one for one basis; following such conversion, the resulting Class A Ordinary Shares will retain the same one for one voting power as all other Class A Ordinary Shares.
FAQ
What does ICZOOM (IZM) CEO Lei Xia disclose in this Form 3?
Lei Xia discloses his initial beneficial ownership in ICZOOM, including indirect holdings of 1,719,500 Class B shares via Xuyan Development and direct holdings of 250,000 Class B and 250,000 Class A shares, outlining his equity and voting position in the company.
What is Xuyan Development Limited’s role in ICZOOM (IZM) ownership?
Xuyan Development Limited holds 1,719,500 ICZOOM Class B ordinary shares. It is wholly owned by Lei Xia, who is deemed to have voting, dispositive, or investment powers over these shares, effectively consolidating this indirect stake under his control.