Wang Xing details large indirect Li Auto (LI) stakes via holding entities

Rhea-AI Filing Summary

Li Auto Inc. director and significant shareholder Wang Xing reported indirect holdings of Class A ordinary shares through two entities. One block of 109,803,276 shares is held by Zijin Global Inc., which is ultimately owned by a trust established by Wang Xing for himself and his family. Another block of 258,171,601 shares is held by Inspire Elite Investments Limited, a wholly owned subsidiary of Meituan, where Wang Xing is a director and controlling shareholder. In both cases, he disclaims beneficial ownership except to the extent of his pecuniary interest.

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^*

Wang Xing

(Last) (First) (Middle)

BLOCK B&C, NO.4 WANG JING EAST ROAD,

CHAOYANG DISTRICT

(Street)

BEIJING F4 100102

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Li Auto Inc. [ LI ]

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

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

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

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	109,803,276	I	By Zijin Global Inc.(1)
Class A ordinary shares	258,171,601	I	By Inspire Elite Investments Limited(2)

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. Zijin Global Inc. is a company incorporated in British Virgin Islands. Zijin Global Inc. is wholly owned by Songtao Limited. The entire interest in Songtao Limited is held by a trust that was established by the reporting person (as the settlor) for the benefit of the reporting person and his family, with the trustee being TMF (Cayman) Ltd. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

2. Inspire Elite Investments Limited is a company incorporated in British Virgin Islands. Inspired Elite Investments Limited is a wholly owned subsidiary of Meituan, a company incorporated in the Cayman Islands and listed on the Main Board of the Stock Exchange of Hong Kong. The reporting person is a director and the controlling shareholder of Meituan. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

	/s/ Xing Wang	03/16/2026
	** 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).
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FAQ

What does Wang Xing’s Form 3 filing for Li Auto (LI) show?

The Form 3 shows indirect holdings of Li Auto Class A ordinary shares attributed to entities linked to Wang Xing. It lists share blocks held via Zijin Global Inc. and Inspire Elite Investments Limited, with Wang Xing disclaiming full beneficial ownership except for his pecuniary interest.

How many Li Auto Class A shares are held through Zijin Global Inc. for Wang Xing?

The filing shows 109,803,276 Class A ordinary shares held through Zijin Global Inc. Zijin Global is wholly owned by Songtao Limited, whose entire interest is held by a trust established by Wang Xing for himself and his family, with a professional trustee administering it.

What is Inspire Elite Investments Limited’s stake in Li Auto (LI) in this Form 3?

The document reports 258,171,601 Class A ordinary shares of Li Auto held by Inspire Elite Investments Limited. This company is a wholly owned subsidiary of Meituan. Wang Xing is a director and the controlling shareholder of Meituan but disclaims full beneficial ownership of these shares.

How does Wang Xing describe his beneficial ownership of Li Auto shares in this filing?

He disclaims beneficial ownership of the reported Li Auto securities, except to the extent of his pecuniary interest. The filing states this disclaimer for both the Zijin Global Inc. and Inspire Elite Investments Limited holdings, clarifying that inclusion does not admit full beneficial ownership for Section 16 purposes.

What role do trusts and corporate entities play in Wang Xing’s Li Auto holdings?

The holdings are structured through intermediate entities and a trust. Zijin Global Inc. is owned by Songtao Limited, whose interest is held by a trust created by Wang Xing. Inspire Elite Investments Limited is owned by Meituan, where Wang Xing serves as director and controlling shareholder.

Is there any indication of recent buying or selling of Li Auto (LI) shares by Wang Xing?

The information provided reflects holding entries and does not identify explicit buy or sell transactions. It lists indirect ownership positions and related entities, with transaction codes and directions marked as unknown and no share amounts shown as newly acquired or disposed.