Lei Sun discloses major indirect 9F Inc. (JFU) stakes via trust

Rhea-AI Filing Summary

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.

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

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1. Name and Address of Reporting Person^*

Sun Lei

(Last) (First) (Middle)

SUITE 4806-07 48/F

CENTRAL PLAZA 18 HARBOUR RD, WANCHAI

(Street)

HONG KONG 000000

(City) (State) (Zip)

HONG KONG

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

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 Shares	6,085,465	I	By Nine F Capital Limited(1)
Class B Ordinary Shares	58,348,000	I	By Nine F Capital Limited(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

Explanation of Responses:

1. Nine F Capital Limited is a British Virgin Islands company indirectly wholly owned by The Nine F Trust. The registered address of Nine F Capital Limited is Sertus Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands. The Nine F Trust is a trust established under the laws of Guernsey and managed by Trident Trust Company (HK) Limited as the trustee. Mr. Lei Sun is the settlor and protector of the trust and Mr. Lei Sun and his family members are the trust's beneficiaries. Under the terms of this trust, Mr. Lei Sun has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares held by Nine F Capital Limited in our company.

	/s/ Lei Sun	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)

FAQ

What does Lei Sun’s Form 3 filing reveal about his 9F Inc. (JFU) holdings?

The Form 3 shows Lei Sun has substantial indirect ownership in 9F Inc. through Nine F Capital Limited, including 6,085,465 Class A shares and 58,348,000 Class B shares, reflecting significant influence via a trust structure.

How are Lei Sun’s 9F Inc. (JFU) shares held according to the Form 3?

All reported shares are held indirectly through Nine F Capital Limited. That company is indirectly wholly owned by The Nine F Trust, where Lei Sun is settlor and protector, and he and his family are beneficiaries, giving him influence over the shares.

What role does The Nine F Trust play in 9F Inc. (JFU) ownership?

The Nine F Trust indirectly owns Nine F Capital Limited, which holds the reported 9F Inc. shares. The trust is managed by a trustee, while Lei Sun, as settlor and protector, can direct voting, retention, or disposal of the shares held in 9F Inc.

Does Lei Sun have voting power over his indirect 9F Inc. (JFU) shares?

Yes. The footnote states Lei Sun has the power to direct the trustee on how to vote, retain, or dispose of shares held by Nine F Capital Limited in 9F Inc., indicating meaningful control over these indirectly held positions.

What classes of 9F Inc. (JFU) shares are reported in the Form 3?

The filing reports indirect holdings of Class A Ordinary Shares and Class B Ordinary Shares. Specifically, it lists 6,085,465 Class A shares and 58,348,000 Class B shares, all held through Nine F Capital Limited under The Nine F Trust.