[SCHEDULE 13G] Julong Holding Limited SEC Filing

Rhea-AI Filing Summary

Schedule 13G Filing – Julong Holding Limited (JLHL): Founder Jiaqi Hu and three British Virgin Islands vehicles—Hushi Holding, Qiren Holding, and Datongyi Holding—report beneficial ownership of 20 million shares (10 m Class A + 10 m Class B), equal to 93.2 % of the outstanding Class A-equivalent shares (21.45 m) immediately after the June 2025 IPO.

All 20 m shares are held of record by Datongyi; 96 % of Datongyi is indirectly owned by Mr. Hu through Qiren and Hushi. The remaining 4 % is owned by Yueshan Holding but is subject to an acting-in-concert agreement dated 30 May 2025 that gives Mr. Hu full voting control. Consequently, each reporting person claims sole voting and dispositive power over the entire block.

The filing is triggered by exceeding the 5 % threshold; it discloses no new share purchases or sales. The data confirm near-total insider control, leaving a public float of roughly 7 %, which may limit liquidity and heighten governance concentration.

Positive

• High insider alignment: Founder’s 93% stake suggests strong commitment to the company’s long-term performance.
• Strategic stability: Concentrated control reduces risk of hostile takeovers or sudden strategic shifts.

Negative

• Limited public float: Only ~7 % of shares are available to the market, posing liquidity and volatility risks.
• Governance concentration: Minority shareholders have minimal ability to influence corporate decisions.

Insights

Corporate Governance Expert

TL;DR Founder owns 93% of JLHL, ensuring control but shrinking float and minority influence.

The 13G shows an extreme ownership concentration: Jiaqi Hu exercises voting power over 20 m shares via layered BVI entities and a concert agreement. Such dominance secures strategic consistency and alignment but weakens external oversight. With only ~7 % of Class A in public hands, JLHL’s stock may suffer from low liquidity, wider bid-ask spreads and potential volatility. Minority investors must factor in limited influence over board decisions and related-party transactions.

Securities Analyst

TL;DR Filing formalises post-IPO ownership; no cash impact but material float constraint.

Economic interest remains unchanged; the Schedule 13G simply codifies holdings that existed at IPO. While insider alignment can be viewed positively, the 93.2 % stake means index inclusion is unlikely and daily trading volume could stay thin, possibly deterring institutional interest. Pricing efficiency may also be impaired. Investors seeking liquidity or governance influence should demand a discount versus peers with broader floats.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Julong Holding Limited

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

G5500K102

(CUSIP Number)

06/09/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G5500K102

1

Names of Reporting Persons

Jiaqi Hu

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

93.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Note to Rows (5), (7) and (9): Represents 10,000,000 Class A ordinary shares, par value of US$0.0001 per share ("Class A ordinary shares") and 10,000,000 Class B ordinary shares, par value of US$0.0001 per share ("Class B ordinary shares") held of record by Datongyi Holding Limited, a British Virgin Islands company, of which (i) 96.0% of the equity interests are held by Qiren Holding Limited, a British Virgin Islands company, which is wholly owned by Hushi Holding Limited, a British Virgin Islands company wholly owned by Mr. Jiaqi Hu, and (ii) 4.0% equity interests are held by Yueshan Holding Limited, a British Virgin Islands company, which is wholly owned by Shishi Holding Limited, a British Virgin Islands company wholly owned by Mr. Mingjian Shi. Mr. Jiaqi Hu is entitled to the voting power pursuant to the acting-in-concert agreement with Mr. Mingjian Shi, effective from May 30, 2025, which provided that, among others, Mr. Mingjian 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. Jiaqi Hu. Note to Row (11): Percentage is calculated based on the Issuer's 21,448,632 total issued and outstanding Class A ordinary shares (taking into account of 11,448,632 Class A ordinary shares and 10,000,000 Class B ordinary shares issued and outstanding immediately after the Issuer's initial public offering of Class A ordinary shares, assuming conversion of the Class B ordinary shares into Class A ordinary shares) as of July 2, 2025, as reported by the Issuer on its final prospectus on Form F-1 filed with the Security and Exchange Commission (the "Commission") on June 28, 2025 in connection with its initial public offering (the "424B4 Prospectus") and its current report on Form 6-K furnished with the Commission on July 2, 2025 in connection with the underwriter's full exercise of over-allotment option thereunder (the "Form 6-K").

SCHEDULE 13G

CUSIP No. G5500K102

1

Names of Reporting Persons

Hushi Holding Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

93.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Note to Rows (5), (7) and (9): Represents 10,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares held of record by Datongyi Holding Limited, a British Virgin Islands company, of which (i) 96.0% of the equity interests are held by Qiren Holding Limited, a British Virgin Islands company, which is wholly owned by Hushi Holding Limited, a British Virgin Islands company wholly owned by Mr. Jiaqi Hu, and (ii) 4.0% equity interests are held by Yueshan Holding Limited, a British Virgin Islands company, which is wholly owned by Shishi Holding Limited a British Virgin Islands company wholly owned by Mr. Mingjian Shi. Mr. Jiaqi Hu is entitled to the voting power pursuant to the acting-in-concert agreement with Mr. Mingjian Shi, effective from May 30, 2025, which provided that, among others, Mr. Mingjian 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. Jiaqi Hu. Note to Row (11): Percentage is calculated based on the Issuer's 21,448,632 total issued and outstanding Class A ordinary shares (taking into account of 11,448,632 Class A ordinary shares and 10,000,000 Class B ordinary shares issued and outstanding immediately after the Issuer's initial public offering of Class A ordinary shares, assuming conversion of the Class B ordinary shares into Class A ordinary shares) as of July 2, 2025, as reported by the Issuer on the 424B4 Prospectus and Form 6-K.

SCHEDULE 13G

CUSIP No. G5500K102

1

Names of Reporting Persons

Qiren Holding Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

93.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Note to Rows (5), (7) and (9): Represents 10,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares held of record by Datongyi Holding Limited, a British Virgin Islands company, of which (i) 96.0% of the equity interests are held by Qiren Holding Limited, a British Virgin Islands company, which is wholly owned by Hushi Holding Limited, a British Virgin Islands company wholly owned by Mr. Jiaqi Hu, and (ii) 4.0% equity interests are held by Yueshan Holding Limited, a British Virgin Islands company, which is wholly owned by Shishi Holding Limited a British Virgin Islands company wholly owned by Mr. Mingjian Shi. Mr. Jiaqi Hu is entitled to the voting power pursuant to the acting-in-concert agreement with Mr. Mingjian Shi, effective from May 30, 2025, which provided that, among others, Mr. Mingjian 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. Jiaqi Hu. Note to Row (11): Percentage is calculated based on the Issuer's 21,448,632 total issued and outstanding Class A ordinary shares (taking into account of 11,448,632 Class A ordinary shares and 10,000,000 Class B ordinary shares issued and outstanding immediately after the Issuer's initial public offering of Class A ordinary shares, assuming conversion of the Class B ordinary shares into Class A ordinary shares) as of July 2, 2025, as reported by the Issuer on the 424B4 Prospectus and Form 6-K.

SCHEDULE 13G

CUSIP No. G5500K102

1

Names of Reporting Persons

Datongyi Holding Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

93.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Note to Rows (5), (7) and (9): Represents 10,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares held of record by Datongyi Holding Limited, a British Virgin Islands company, of which (i) 96.0% of the equity interests are held by Qiren Holding Limited, a British Virgin Islands company, which is wholly owned by Hushi Holding Limited, a British Virgin Islands company wholly owned by Mr. Jiaqi Hu, and (ii) 4.0% equity interests are held by Yueshan Holding Limited, a British Virgin Islands company, which is wholly owned by Shishi Holding Limited a British Virgin Islands company wholly owned by Mr. Mingjian Shi. Mr. Jiaqi Hu is entitled to the voting power pursuant to the acting-in-concert agreement with Mr. Mingjian Shi, effective from May 30, 2025, which provided that, among others, Mr. Mingjian 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. Jiaqi Hu. Note to Row (11): Percentage is calculated based on the Issuer's 21,448,632 total issued and outstanding Class A ordinary shares (taking into account of 11,448,632 Class A ordinary shares and 10,000,000 Class B ordinary shares issued and outstanding immediately after the Issuer's initial public offering of Class A ordinary shares, assuming conversion of the Class B ordinary shares into Class A ordinary shares) as of July 2, 2025, as reported by the Issuer on the 424B4 Prospectus and Form 6-K.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Julong Holding Limited
(b)	Address of issuer's principal executive offices: Building A, Times Fortune World, No.1 Hangfeng Road, Fengtai District, Beijing, China, 100070
Item 2.
(a)	Name of person filing: Jiaqi Hu Hushi Holding Limited Qiren Holding Limited Datongyi Holding Limited
(b)	Address or principal business office or, if none, residence: Jiaqi Hu: Room 2009, Building A, Times Fortune World, No.1 Hangfeng Road, Fengtai District, Beijing, China 100070 Hushi Holding Limited: Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands Qiren Holding Limited: Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands Datongyi Holding Limited: Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands
(c)	Citizenship: Jiaqi Hu: People's Republic of China Hushi Holding Limited: British Virgin Islands Qiren Holding Limited: British Virgin Islands Datongyi Holding Limited: British Virgin Islands
(d)	Title of class of securities: Class A ordinary shares, par value US$0.0001 per share
(e)	CUSIP No.: G5500K102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response to Item 9 on the attached cover pages.
(b)	Percent of class: See the response to Item 11 on the attached cover pages.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response to Item 5 on the attached cover pages.
	(ii) Shared power to vote or to direct the vote: See the response to Item 6 on the attached cover pages.
	(iii) Sole power to dispose or to direct the disposition of: See the response to Item 7 on the attached cover pages.
	(iv) Shared power to dispose or to direct the disposition of: See the response to Item 8 on the attached cover pages.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Jiaqi Hu

Signature:	/s/ Jiaqi Hu
Name/Title:	Jiaqi Hu
Date:	08/05/2025

Hushi Holding Limited

Signature:	/s/ Jiaqi Hu
Name/Title:	Director
Date:	08/05/2025

Qiren Holding Limited

Signature:	/s/ Jiaqi Hu
Name/Title:	Director
Date:	08/05/2025

Datongyi Holding Limited

Signature:	/s/ Jiaqi Hu
Name/Title:	Director
Date:	08/05/2025

Exhibit Information

Exhibit 99.1 Joint Filing Agreement

FAQ

How many Julong Holding (JLHL) shares does Jiaqi Hu control?

The filing states 20 million shares (10 m Class A and 10 m Class B) are under Mr. Hu’s sole voting and dispositive power.

What percentage of JLHL’s outstanding shares does that represent?

The block equals 93.2 % of the Class A-equivalent shares outstanding after the June 2025 IPO.

Why was a Schedule 13G submitted?

A 13G is required when an investor exceeds the 5 % ownership threshold; this filing formalises Mr. Hu’s majority stake.

How is the ownership structured?

Shares are held by Datongyi Holding; 96 % of Datongyi is indirectly owned by Mr. Hu through Qiren and Hushi, with voting rights consolidated via an acting-in-concert agreement.

What is the impact on JLHL’s public float?

With 93.2 % insider-held, only about 7 % of shares remain freely tradable, potentially reducing liquidity.

Are both Class A and Class B shares included?

Yes; the stake comprises 10 m Class A and 10 m Class B shares, the latter assumed converted when calculating the percentage.