LZ Technology Holdings (LZMH) chair discloses major indirect share stakes

Rhea-AI Filing Summary

LZ Technology Holdings Ltd director and chairman Zhang Andong reported his initial ownership position in the company through affiliated entities. The filing shows indirect holdings of Class A and Class B ordinary shares held by LZ Digital Technology Holdings Co., Ltd and Vanshion Investment Group Limited, with Zhang disclaiming beneficial ownership beyond his economic interest.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Zhang Andong

Role Chairman of the Board

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares	--	--	--
holding	Class B Ordinary Shares	--	--	--
holding	Class B Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 22,500,000 shares (Indirect, By LZ Digital Technology Holdings Co., Ltd); Class B Ordinary Shares — 30,978,337 shares (Indirect, By LZ Digital Technology Holdings Co., Ltd)

Footnotes (1)

1. Andong Zhang is the director of LZ Digital Technology Holdings Co., Ltd. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose. Andong Zhang is a director of Vanshion Investment Group Limited. Vanshion Investment Group Limited is 66.7% owned by Xiamen Dongling Weiye Investment Partnership (Limited Partnership). Dongling Partnership is managed by its executive partner, Dongling Technology which holds approximately 26.55% of Dongling Partnership. Additionally, Vanshion Investment Group Limited is 33.3% owned by Wuxi Zhanghui Anying Investment Partnership (Limited Partnership), which, in turn, is 59.75% owned by Dongling Technology. Mr. Andong Zhang and his wife, Ms. Hongling Zhang, together hold 100% equity interests of Dongling Technology. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose. Each Class A Ordinary Share is convertible into one Class B Ordinary Share of the Issuer at any time, at the election of the holder or automatically upon certain transfers, whether or not for value. A holder's Class A Ordinary Shares convert automatically upon certain transfers and may be subject to mandatory conversion into Class B Ordinary Shares upon the occurrence of certain events described in the Issuer's Second Amended and Restated Memorandum and Articles of Association.

Understanding Insider Trading Forms →

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zhang Andong

(Last) (First) (Middle)

C/O LZ TECHNOLOGY HOLDINGS LIMITED

NO. 5999 WUXING AVENUE

(Street)

HUZHOU 313000

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
LZ Technology Holdings Ltd [ LZMH ]

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
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

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 B Ordinary Shares	30,978,337	I	By LZ Digital Technology Holdings Co., Ltd(1)
Class B Ordinary Shares	34,086,906	I	By Vanshion Investment Group 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
Class A Ordinary Shares	(3)	(4)	Class B Ordinary Shares	22,500,000	(3)	I	By LZ Digital Technology Holdings Co., Ltd(1)

Explanation of Responses:

1. Andong Zhang is the director of LZ Digital Technology Holdings Co., Ltd. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

2. Andong Zhang is a director of Vanshion Investment Group Limited. Vanshion Investment Group Limited is 66.7% owned by Xiamen Dongling Weiye Investment Partnership (Limited Partnership). Dongling Partnership is managed by its executive partner, Dongling Technology which holds approximately 26.55% of Dongling Partnership. Additionally, Vanshion Investment Group Limited is 33.3% owned by Wuxi Zhanghui Anying Investment Partnership (Limited Partnership), which, in turn, is 59.75% owned by Dongling Technology. Mr. Andong Zhang and his wife, Ms. Hongling Zhang, together hold 100% equity interests of Dongling Technology. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

3. Each Class A Ordinary Share is convertible into one Class B Ordinary Share of the Issuer at any time, at the election of the holder or automatically upon certain transfers, whether or not for value.

4. A holder's Class A Ordinary Shares convert automatically upon certain transfers and may be subject to mandatory conversion into Class B Ordinary Shares upon the occurrence of certain events described in the Issuer's Second Amended and Restated Memorandum and Articles of Association.

	/s/ Andong Zhang	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 insider ownership did Zhang Andong report in LZMH on this Form 3?

Zhang Andong reported indirect holdings of Class A and Class B ordinary shares in LZ Technology Holdings Ltd. The shares are held through LZ Digital Technology Holdings Co., Ltd and Vanshion Investment Group Limited rather than directly in his own name.

How many LZMH Class A shares are linked to Class B shares in this Form 3?

The Form 3 shows 22,500,000 Class A Ordinary Shares indirectly held through LZ Digital Technology Holdings Co., Ltd, each convertible into one Class B Ordinary Share according to the conversion terms described in the filing footnotes.

What Class B Ordinary Share positions are disclosed for LZMH in this Form 3?

The filing discloses 30,978,337 Class B Ordinary Shares indirectly held via LZ Digital Technology Holdings Co., Ltd and 34,086,906 Class B Ordinary Shares indirectly held via Vanshion Investment Group Limited, both associated with director and chairman Zhang Andong.

Does Zhang Andong claim full beneficial ownership of the LZMH shares reported?

No. The Form 3 states that Zhang Andong disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest. This disclaimer applies to shares held through LZ Digital Technology Holdings Co., Ltd and Vanshion Investment Group Limited.

What is the conversion feature between LZMH Class A and Class B shares?

The footnotes explain that each Class A Ordinary Share is convertible into one Class B Ordinary Share at any time at the holder’s election, and may convert automatically upon certain transfers or events described in the company’s governing documents.

Are there any buy or sell transactions by Zhang Andong in this LZMH Form 3?

No transactions are reported in this Form 3. It functions as an initial statement of indirect holdings, listing positions in Class A and Class B ordinary shares, rather than recording purchases, sales, or other trading activity by Zhang Andong.