9F Inc. CEO reports initial indirect holdings

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.

Rhea-AI Filing Summary

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.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Liu Lei (LL)

Role CEO and Chief Risk Officer

Type	Security	Shares	Price	Value
holding	Option (right to buy)	--	--	--
holding	Class A Ordinary Share	--	--	--
holding	Class B Ordinary Share	--	--	--

Holdings After Transaction: Option (right to buy) — 1,500,000 contracts (Indirect, By Stone Cube Capital Ltd.); Class A Ordinary Share — 3,000,000 shares (Indirect, By Stone Cube Capital Ltd.); Class B Ordinary Share — 1,347,600 shares (Indirect, By Stone Cube Capital Ltd.)

Footnotes (2)

1. F1. Stone Cube Capital Ltd. is a British Virgin Islands company. The registered address of Stone Cube Capital Ltd. is Sertus Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands. Stone Cube Capital Ltd is wholly-beneficially-owned by Mr. Liu.
2. F2. The options are fully vested and exercisable as of the date of this form.

FAQ

What does 9F Inc. (JFU) CEO Liu Lei report in this Form 3?

Liu Lei reports his initial beneficial ownership in 9F Inc. through Stone Cube Capital Ltd. The filing lists indirect holdings of Class A and Class B Ordinary Shares, plus a fully vested option over additional Class A shares at a fixed exercise price.

How many 9F Inc. Class A shares does Liu Lei indirectly hold via Stone Cube Capital Ltd.?

The Form 3 shows indirect ownership of 3,000,000 Class A Ordinary Shares through Stone Cube Capital Ltd. This stake is reported as held indirectly, reflecting Liu Lei’s beneficial ownership of the British Virgin Islands company that holds the shares on his behalf.

What Class B Ordinary Share position is disclosed for 9F Inc. (JFU)?

The filing discloses 1,347,600 Class B Ordinary Shares held indirectly through Stone Cube Capital Ltd. This indicates Liu Lei’s beneficial interest in a separate class of 9F Inc. equity, complementing his reported Class A Ordinary Share holdings in the company.

What stock options for 9F Inc. shares are reported in Liu Lei’s Form 3?

The Form 3 lists an option on 1,500,000 Class A Ordinary Shares with a $2.3430 exercise price, expiring on June 30, 2026. The footnotes state these options are fully vested and exercisable as of the report date, all held indirectly via Stone Cube Capital Ltd.

Are the 9F Inc. options reported by Liu Lei currently exercisable?

Yes. The disclosure notes that the options over 1,500,000 Class A Ordinary Shares are fully vested and exercisable as of the filing date. This means Liu Lei, through Stone Cube Capital Ltd., can choose to convert these options into shares before their 2026 expiration.

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Accepted by SEC EDGAR 03/18/2026 - 08:52 AM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Liu Lei (LL)

(Last) (First) (Middle)

ROOM 1207, BUILDING NO. 5, 5 WEST

LAIGUANGYING ROADCHAOYANG DISTRICT

(Street)

BEIJING 100012

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
9F Inc. [ JFU ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chief Risk Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Share	3,000,000	I	By Stone Cube Capital Ltd.(1)
Class B Ordinary Share	1,347,600	I	By Stone Cube Capital Ltd.(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	(2)	06/30/2026	Class A Ordinary Share	1,500,000	$2.343	I	By Stone Cube Capital Ltd.(1)

Explanation of Responses:

1. Stone Cube Capital Ltd. is a British Virgin Islands company. The registered address of Stone Cube Capital Ltd. is Sertus Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands. Stone Cube Capital Ltd is wholly-beneficially-owned by Mr. Liu.

2. The options are fully vested and exercisable as of the date of this form.

	/s/ Lei Liu	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)