Julong (NASDAQ: JLHL) CEO Hu Jiaqi reports 20M indirect Class A and B shares
Rhea-AI Filing Summary
Julong Holding Ltd director and Chief Executive Officer Hu Jiaqi filed an initial ownership report showing substantial indirect stakes in the company. The filing reports 10,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares held of record by Datongyi Holding Limited, an affiliated British Virgin Islands company.
Datongyi Holding Limited is primarily owned through entities ultimately controlled by Mr. Hu, and a smaller portion is owned through entities ultimately controlled by Mr. Shi Mingjian. According to an acting-in-concert agreement effective from May 30, 2025, Mr. Hu is entitled to direct the voting of shares held by Mr. Shi’s holding vehicles, consolidating voting power over these holdings.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary share | -- | -- | -- |
| holding | Class B ordinary share | -- | -- | -- |
Footnotes (1)
- Datongyi Holding Limited is a British Virgin Islands company, in which (i) 96.0% of the equity interests are held by Qiren Holding Limited, a British Virgin Islands company wholly owned by Hushi Holding Limited, which is a British Virgin Islands company wholly owned by Mr. Hu Jiaqi, and (ii) 4.0% of the equity interests are held by Yueshan Holding Limited, a British Virgin Islands company wholly owned by Shishi Holding Limited, which is a British Virgin Islands company wholly owned by Mr. Shi Mingjian. Mr. Hu Jiaqi is entitled to the voting power pursuant to the acting-in-concert agreement with Mr. Shi Mingjian, effective from May 30, 2025, which provided that, among others, Mr. Shi shall take any action, including but not limited to vote, or cause to be voted, all of the shares of any entity of our company held by his or his holding vehicles, or over which he has voting power or control, in accordance with the instructions of Mr. Hu. Represents 10,000,000 Class A ordinary shares held of record by Datongyi Holding Limited. Represents 10,000,000 Class B ordinary shares held of record by Datongyi Holding Limited.
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