Detention of Newegg (NASDAQ: NEGG) board chairman and top shareholder CEO

Rhea-AI Filing Summary

Newegg Commerce, Inc. reports that Mr. Zhitao He, chief executive officer of its largest stockholder, Hangzhou Lianluo Interactive Information Technology Co., Ltd., and chairman of Newegg’s board, has been detained, as disclosed publicly by Lianluo. Newegg states that Mr. He’s detention does not currently impact its business or operations, and that the board continues to function in the ordinary course of business during his absence. The company has attached Lianluo’s original Chinese announcement and an English translation as exhibits for investors to review.

Positive

• None.

Negative

• Detention of board chairman and CEO of largest stockholder introduces a meaningful corporate governance concern, even though Newegg reports no current impact on operations.

Insights

Corporate governance and risk analyst

Board chair’s detention raises governance risk despite no current operational impact.

The detention of Newegg’s board chairman, who is also CEO of its largest stockholder, is a notable governance development. Concentrated influence through a single major shareholder makes any issue involving that person more important for investors following control and oversight dynamics.

The company states that Mr. He’s detention "does not currently impact" Newegg’s business or operations and that the board continues to function in the ordinary course. This suggests existing management and board processes remain in place, but it does not address how board leadership responsibilities may be reassigned.

Attached Chinese and English disclosures from the largest stockholder provide the underlying announcement, which may offer additional context. Future company communications or filings could clarify any changes in board composition, decision-making processes, or the relationship with the largest stockholder if circumstances evolve.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number: 001-34661

Newegg Commerce, Inc.

(Translation of registrant’s name in English)

21688 Gateway Center Drive, Suite 300

Diamond Bar, CA 91765

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Detention of Chief Executive Officer of Newegg’s Largest Stockholder

Newegg’s largest stockholder, Hangzhou Lianluo Interactive Information Technology Co., Ltd. (“Lianluo”), has made a public announcement regarding the detention of its chief executive officer, Mr. Zhitao He. Mr. He is also the chairman of the board for Newegg. Attached is the original announcement made by Lianluo in Chinese, along with an English translation of the announcement.

Mr. He’s detention does not currently impact Newegg’s business or operations, and Newegg’s board continues to function in the ordinary course of business during Mr. He’s absence.

INDEX TO EXHIBITS

Exhibit Number		Exhibit Title
99.1		Disclosure from Lianluo (Chinese)
99.2		Disclosure from Lianluo (English Translation)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Newegg Commerce, Inc.
January 20, 2026	By:	/s/ Christina Ching
		Christina Ching Interim Chief Financial Officer

2

Exhibit 99.1

FAQ

What did Newegg Commerce, Inc. (NEGG) disclose in this Form 6-K?

Newegg disclosed that the chief executive officer of its largest stockholder, Hangzhou Lianluo Interactive Information Technology Co., Ltd., Mr. Zhitao He, who also serves as Newegg’s board chairman, has been detained, based on a public announcement by Lianluo.

Does the detention of Newegg’s board chairman currently affect its operations?

Newegg states that Mr. He’s detention does not currently impact its business or operations and that the board continues to function in the ordinary course of business during his absence.

Who is Newegg’s largest stockholder mentioned in the filing?

Newegg’s largest stockholder is Hangzhou Lianluo Interactive Information Technology Co., Ltd., which publicly announced the detention of its chief executive officer, Mr. Zhitao He.

What is Mr. Zhitao He’s role at Newegg Commerce, Inc. (NEGG)?

Mr. Zhitao He is the chairman of the board of Newegg Commerce, Inc., in addition to being the chief executive officer of Newegg’s largest stockholder, Hangzhou Lianluo Interactive Information Technology Co., Ltd.

What additional documents are included with Newegg’s Form 6-K about the detention?

The filing includes two exhibits: a disclosure from Hangzhou Lianluo Interactive Information Technology Co., Ltd. in Chinese and an English translation of that disclosure.

How might investors use this Newegg (NEGG) disclosure?

Investors can use the disclosure to understand that Newegg’s board chairman and the CEO of its largest stockholder has been detained, while noting the company’s statement that its business and operations are not currently affected and that the board continues to function normally.