Zhu Muchun reports major NCT Class B stake on Form 3 (NCT)

Rhea-AI Filing Summary

Intercont (Cayman) Ltd director and officer Zhu Muchun, who is also a more than ten percent owner, filed an initial Form 3 showing indirect holdings of NCT Class B Ordinary Shares. The filing reports 4,256,243 shares held through Beverly Holding Limited and 908,708 shares held through Eascor Holding Limited.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zhu Muchun

Role See Remarks

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

Holdings After Transaction: NCT Class B Ordinary Shares — 4,256,243 shares (Indirect, Sole Shareholder of BEVERLY HOLDING LIMITED)

Footnotes (1)

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
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1. Name and Address of Reporting Person^*

Zhu Muchun

(Last) (First) (Middle)

C/O INTERCONT (CAYMAN) LIMITED

39 OCEAN DRIVE

(Street)

SINGAPORE U0 098187

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/27/2025

3. Issuer Name and Ticker or Trading Symbol
Intercont (Cayman) Ltd [ NCT ]

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

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

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)
NCT Class B Ordinary Shares	4,256,243	I	Sole Shareholder of BEVERLY HOLDING LIMITED
NCT Class B Ordinary Shares	908,708	I	Sole Shareholder of EASCOR HOLDING LIMITED

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:

Remarks:

Chief Executive Officer and Chairman of the Board of Directors

	/s/ Zhu Muchun	03/17/2026
	** 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.

FAQ

What does Zhu Muchun’s Form 3 for NCT disclose?

The Form 3 discloses that Zhu Muchun is a director, officer, and more than ten percent owner of Intercont (Cayman) Ltd, reporting indirect holdings of NCT Class B Ordinary Shares through Beverly Holding Limited and Eascor Holding Limited as of the filing date.

How many NCT Class B shares does Zhu Muchun hold through Beverly Holding Limited?

Zhu Muchun is reported as the sole shareholder of Beverly Holding Limited, which holds 4,256,243 NCT Class B Ordinary Shares. These shares are reported as indirect ownership in the Form 3, reflecting beneficial ownership through the corporate entity rather than direct personal holding.

How many NCT Class B shares does Zhu Muchun hold through Eascor Holding Limited?

The Form 3 states that Eascor Holding Limited holds 908,708 NCT Class B Ordinary Shares, with Zhu Muchun listed as its sole shareholder. These shares are reported as indirect beneficial ownership, adding to his overall economic interest in Intercont (Cayman) Ltd’s Class B equity.

Does the NCT Form 3 show any recent insider buying or selling by Zhu Muchun?

No specific purchases or sales are shown. The Form 3 only reports holding entries with unknown transaction codes, indicating positions as of the reporting date rather than new buy or sell transactions in NCT Class B Ordinary Shares.

Why is Zhu Muchun considered a more than ten percent owner of NCT?

Zhu Muchun is flagged as a more than ten percent owner because his reported indirect holdings in NCT Class B Ordinary Shares through Beverly Holding Limited and Eascor Holding Limited together exceed the regulatory threshold that requires insider reporting and ongoing disclosure obligations.

What type of security is reported in Zhu Muchun’s NCT Form 3?

The security reported is NCT Class B Ordinary Shares of Intercont (Cayman) Ltd. The filing lists these Class B shares as indirectly owned through Beverly Holding Limited and Eascor Holding Limited, both of which are fully owned by Zhu Muchun according to the ownership descriptions.