Lucas GC holders now report 2.8% ownership stake

Lucas GC Ltd received an amended beneficial ownership report from Howard Lee and affiliated British Virgin Islands entities HTL Star Holding Limited and HTL Lucky Holding Limited.

Rhea-AI Filing Summary

Lucas GC Ltd received an amended beneficial ownership report from Howard Lee and affiliated British Virgin Islands entities HTL Star Holding Limited and HTL Lucky Holding Limited. The group reports beneficial ownership of 1,190,718 Class A ordinary shares, with sole voting and dispositive power over these shares and no shared power.

This holding represents 2.8% of Lucas GC’s Class A ordinary shares, based on 42,790,404 shares outstanding (excluding 2,406 treasury shares) as of April 20, 2026, as reported in the company’s Form 20-F. The amendment is characterized as an exit filing, as each reporting person has ceased to be the beneficial owner of more than 5.0% of the issuer’s total ordinary shares outstanding.

Key Figures

Beneficially owned shares: 1,190,718 Class A ordinary shares Ownership percentage: 2.8% Shares outstanding: 42,790,404 Class A ordinary shares +2 more

5 metrics

Beneficially owned shares 1,190,718 Class A ordinary shares Shares over which the reporting persons have sole voting and dispositive power

Ownership percentage 2.8% Portion of Lucas GC Ltd Class A ordinary shares beneficially owned by the reporting group

Shares outstanding 42,790,404 Class A ordinary shares Issued and outstanding, excluding treasury shares, as of April 20, 2026

Treasury shares 2,406 Class A ordinary shares Repurchased and held as treasury shares excluded from the ownership calculation

5% threshold reference 5.0% of total ordinary shares Reporting persons state they no longer beneficially own more than this level

Key Terms

beneficial owner, sole voting power, sole dispositive power, treasury shares, +1 more

5 terms

beneficial owner financial

"has ceased to be the beneficial owner of more than 5.0% of the Issuer"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole voting power financial

"5 | Sole Voting Power 1,190,718.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"7 | Sole Dispositive Power 1,190,718.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

treasury shares financial

"excluding 2,406 Class A ordinary shares repurchased as treasury shares"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

exit filing regulatory

"This Amendment No. 2 constitutes an exit filing as the Reporting Person has ceased"

FAQ

What ownership in Lucas GC Ltd (LGCL) does Howard Lee currently report?

Howard Lee and affiliated entities report beneficial ownership of 1,190,718 Class A ordinary shares of Lucas GC Ltd, with sole voting and dispositive power over these shares and no shared power with other parties.

What percentage of Lucas GC Ltd (LGCL) do the reporting persons own after this amendment?

The reporting group owns 2.8% of Lucas GC Ltd’s Class A ordinary shares. This percentage is calculated using 42,790,404 outstanding Class A shares, excluding 2,406 treasury shares, as of April 20, 2026, from the company’s Form 20-F.

Why is this Lucas GC Ltd (LGCL) Schedule 13G/A labeled an exit filing?

The amendment is an exit filing because each reporting person has ceased to be the beneficial owner of more than 5.0% of Lucas GC Ltd’s total ordinary shares outstanding, moving their ownership below the 5% reporting threshold.

How is the Lucas GC Ltd (LGCL) stake held by the reporting group structured?

The 1,190,718 Class A shares are held of record by HTL Lucky Holding Limited, which is wholly owned by HTL Star Holding Limited, in turn wholly owned by Howard Lee, giving him indirect control over voting and disposition.

What share count did Lucas GC Ltd (LGCL) report for calculating the 2.8% ownership?

The 2.8% figure is based on 42,790,404 Class A ordinary shares issued and outstanding, excluding 2,406 treasury shares, as of April 20, 2026, as reported in Lucas GC Ltd’s Form 20-F for the year ended December 31, 2025.

Do the reporting persons share voting or dispositive power over Lucas GC Ltd (LGCL) shares?

No. Each reporting person reports sole voting power and sole dispositive power over the 1,190,718 Class A shares, with zero shared voting and zero shared dispositive power indicated in the ownership table.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 10:30 AM Accepted by SEC EDGAR 08/14/2026 - 10:29 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Lucas GC Ltd

(Name of Issuer)

Class A Ordinary shares, par value US$0.0002 per share

(Title of Class of Securities)

G57037114

(CUSIP Number)

04/20/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G57037114

1

Names of Reporting Persons

Howard Lee

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,190,718.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,190,718.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,190,718.00

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)

2.8 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) For Rows 5, 7 and 9: represents 1,190,718 Class A ordinary shares of Lucas GC Limited (the "Issuer") held of record by HTL Lucky Holding Limited, a British Virgin Islands company, wholly owned by HTL Star Holding Limited. HTL Star Holding Limited is wholly owned by Mr. Howard Lee. (2) For Row 11, percentage is calculated based on 42,790,404 Class A ordinary shares of the Issuer issued and outstanding (excluding 2,406 Class A ordinary shares repurchased as treasury shares) as of April 20, 2026, as reported by the Issuer on its annual report on Form 20-F for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the "SEC") on April 20, 2026 (the "Form 20-F"). This Amendment No. 2 ("Amendment No. 2") to the Schedule 13G filed by the Reporting Persons with the SEC on October 11, 2024 constitutes an exit filing as the Reporting Person has ceased to be the beneficial owner of more than 5.0% of the Issuer's total ordinary shares outstanding.

SCHEDULE 13G

CUSIP Number(s): G57037114

1

Names of Reporting Persons

HTL Star 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 1,190,718.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,190,718.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,190,718.00

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)

2.8 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) For Rows 5, 7 and 9: represents 1,190,718 Class A ordinary shares of the Issuer held of record by HTL Lucky Holding Limited, a British Virgin Islands company wholly owned by HTL Star Holding Limited. (2) For Row 11, percentage is calculated based on 42,790,404 Class A ordinary shares of the Issuer issued and outstanding (excluding 2,406 Class A ordinary shares repurchased as treasury shares) as of April 20, 2026, as reported by the Issuer on the Form 20-F. This Amendment No. 2 constitutes an exit filing as the Reporting Person has ceased to be the beneficial owner of more than 5.0% of the Issuer's total ordinary shares outstanding.

SCHEDULE 13G

CUSIP Number(s): G57037114

1

Names of Reporting Persons

HTL Lucky 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 1,190,718.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,190,718.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,190,718.00

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)

2.8 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) For Rows 5, 7 and 9: represents 1,190,718 Class A ordinary shares of the Issuer held of record by HTL Lucky Holding Limited. (2) For Row 11, percentage is calculated based on 42,790,404 Class A ordinary shares of the Issuer issued and outstanding (excluding 2,406 Class A ordinary shares repurchased as treasury shares) as of April 20, 2026, as reported by the Issuer on the Form 20-F. This Amendment No. 2 constitutes an exit filing as the Reporting Person has ceased to be the beneficial owner of more than 5.0% of the Issuer's total ordinary shares outstanding.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lucas GC Ltd
(b)	Address of issuer's principal executive offices: Room 1109, 11/F, Tower A, Star Plaza, No. 8 Wangjing Street, Chaoyang District, Beijing, F4, 100102
Item 2.
(a)	Name of person filing: Howard Lee HTL Star Holding Limited HTL Lucky Holding Limited
(b)	Address or principal business office or, if none, residence: Howard Lee: Room 1109, 11/F, Tower A, Star Plaza, No. 8 Wangjing Street, Chaoyang District, Beijing 100102, China HTL Star Holding Limited: ICS Corporate Services (BVI) Limited Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands HTL Lucky Holding Limited: ICS Corporate Services (BVI) Limited, Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands
(c)	Citizenship: Howard Lee: United States of America HTL Star Holding Limited: British Virgin Islands HTL Lucky Holding Limited: British Virgin Islands
(d)	Title of class of securities: Class A Ordinary shares, par value US$0.0002 per share
(e)	CUSIP No.: G57037114
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 of each Reporting Person to Row (9) of this Amendment No. 2 on the attached cover pages.
(b)	Percent of class: See the responses of each Reporting Person to Row (11) of this Amendment No. 2 on the attached cover pages. This Amendment No. 2 constitutes an exit filing as each Reporting Person has ceased to be the beneficial owner of more than 5.0% of the Issuer's total ordinary shares outstanding.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the responses of each Reporting Person to Row (5) of this Amendment No. 2 on the attached cover pages.
	(ii) Shared power to vote or to direct the vote: See the responses of each Reporting Person to Row (6) of this Amendment No. 2 on the attached cover pages.
	(iii) Sole power to dispose or to direct the disposition of: See the responses of each Reporting Person to Row (7) of this Amendment No. 2 on the attached cover pages.
	(iv) Shared power to dispose or to direct the disposition of: See the responses of each Reporting Person to Row (8) of this Amendment No. 2 on the attached cover pages.
Item 5.	Ownership of 5 Percent or Less of a Class.
	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.

Howard Lee

Signature:	/s/ Howard Lee
Name/Title:	Howard Lee
Date:	08/14/2026

HTL Star Holding Limited

Signature:	/s/ Howard Lee
Name/Title:	Director
Date:	08/14/2026

HTL Lucky Holding Limited

Signature:	/s/ Howard Lee
Name/Title:	Director
Date:	08/14/2026

Comments accompanying signature: Explanatory Note: This Amendment No. 2 is being filed to report that each Reporting Person has ceased to be the beneficial owner of more than 5.0% of the Issuer's total ordinary shares outstanding. This Amendment No. 2 constitutes an exit filing for the Reporting Persons.

Exhibit Information

Exhibit 99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 of Schedule 13G filed by the Reporting Persons on October 11, 2024)