Welcome to our dedicated page for 9F SEC filings (Ticker: JFU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
9F Inc.'s SEC filings document a foreign private issuer that files annual reports on Form 20-F and furnishes current reports on Form 6-K. The filings identify 9F as a digital technology service provider for institutional partners and include unaudited results, discussion of revenue mix, operating expenses, investment gains and adaptation to regulation affecting internet loan facilitation businesses.
The company's filings also record audit and governance matters, including changes in its independent registered public accounting firm, audit committee approvals, internal control over financial reporting disclosures and U.S. GAAP reporting issues. These documents describe the public-company framework for 9F's ADS-listed securities, financial reporting obligations and risk-related transition disclosures.
9F Inc. reported that it has closed an entrustment transaction with SCLOUDPAY (HONGKONG) INTERNATIONAL LIMITED. The company purchased for the Principal’s benefit certain loan receivables and related rights, called the Target Loan, from a wholly owned subsidiary of China CITIC Financial Asset Management for an aggregate consideration of HKD 101 million, then immediately transferred the Target Loan to the Principal.
Under an Entrustment Agreement between the Principal and Capital Nine Holding Limited, a 9F subsidiary, the Principal will repay the HKD 101 million consideration in instalments by November 30, 2026 and pay related funding expenses at 8% per annum. The agreement also includes safeguard provisions for 9F’s right to receive payment, including pledge and custody arrangements.
9F Inc. reported that it has closed an entrustment transaction involving a portfolio of loan receivables. The company, through a subsidiary, purchased certain loan receivables and related rights (the “Target Loan”) for an aggregate consideration of HKD 101 million from a wholly owned subsidiary of China CITIC Financial Asset Management Co., Ltd. and then transferred the Target Loan to SCLOUDPAY (HONGKONG) INTERNATIONAL LIMITED, the Principal.
Under an Entrustment Agreement between the Principal and Capital Nine Holding Limited, a 9F subsidiary, the Principal will pay the HKD 101 million consideration in instalments by November 30, 2026, together with related funding expenses at 8% per annum. The agreement also includes safeguard provisions such as pledge and custody arrangements to protect 9F’s rights to receive payment.
9F Inc., a Cayman Islands holding company listed on the Nasdaq Global Market via ADSs (each representing 20 Class A shares), files its annual report for the year ended December 31, 2025. It operates mainly in China through PRC subsidiaries and variable interest entities (VIEs) due to foreign ownership restrictions on value-added telecom services.
The company consolidates multiple VIEs under U.S. GAAP and highlights significant legal and regulatory uncertainty around enforceability of its contractual control structure and evolving PRC oversight of overseas listings, data security and cybersecurity. It describes complex cash-flow paths among the Cayman parent, offshore entities, PRC subsidiaries and VIEs, noting no dividends have been paid to date and illustrating that, after PRC enterprise income tax and withholding tax, only a fraction of PRC earnings would be distributable offshore.
9F is in an extended transition away from legacy online lending, repositioning as a digital technology and wealth management services provider. It reports a net loss in 2023 and net income in 2024 and 2025, while cautioning that future operating losses and cash outflows remain possible. The report details extensive risk factors, including regulatory exposure for securities-related activities in China without local brokerage licenses, strict foreign-exchange controls affecting PRC clients’ offshore investing, pending litigation (including a large fee dispute with an insurance counterparty), potential HFCAA-related delisting risk if PCAOB inspection access changes, and heightened compliance burdens under PRC data, cybersecurity and consumer protection laws.
9F Inc. director Ouyang Yuping has filed a Form 3, which is an initial insider ownership report for company officers, directors, or large shareholders. This filing lists Ouyang’s status as a director of 9F Inc. but does not report any insider transactions in the excerpt provided.
9F Inc. filed an initial insider report listing Gong Fangxiong as a director of the company. The filing shows no reported transactions or derivative positions and no holding entries in the data provided, so it functions mainly as a baseline disclosure of his reporting status.
9F Inc. filed a Form 3 showing the initial insider holdings of major shareholder Ren Yifan. The filing reports indirect ownership of 43,583,400 Class A Ordinary Shares held through Nine Fortune Limited, a British Virgin Islands company controlled by Ren.
9F Inc. Chief Financial Officer Zhang Li (Joanne) has filed an initial insider ownership report on Form 3. The filing identifies her role as an officer but, in the provided data, does not list any insider share transactions, holdings, or derivative positions.
9F Inc. director and 10% owner Lei Sun filed an initial Form 3 showing substantial indirect ownership through Nine F Capital Limited. The filing reports indirect holdings of 6,085,465 Class A ordinary shares and 58,348,000 Class B ordinary shares held by Nine F Capital Limited.
Nine F Capital Limited is indirectly wholly owned by The Nine F Trust, for which Lei Sun is settlor and protector and, together with his family members, a beneficiary. Under the trust terms, he can direct the trustee on voting, retention, or disposal of the shares held in 9F Inc.
9F Inc. director and executive officer Liu Lei has filed an initial ownership report showing his indirect equity interests in the company through Stone Cube Capital Ltd., which he wholly beneficially owns. The filing lists 3,000,000 Class A Ordinary Shares and 1,347,600 Class B Ordinary Shares held indirectly by Stone Cube Capital Ltd.
It also reports an option, held indirectly through Stone Cube Capital Ltd., covering 1,500,000 Class A Ordinary Shares at an exercise price of $2.3430 per share, expiring on June 30, 2026. According to the disclosure, these options are fully vested and exercisable as of the filing date.
9F Inc. director Xiao Changxing has filed an initial ownership report showing indirect beneficial ownership of 13,920,300 Class A Ordinary Shares. These shares are held through DFM Capital Ltd., which is controlled via Guernsey trust structures, and Xiao can direct how the trustee votes and disposes of these shares.