NIP Group (NIPG) Co-CEO discloses 33,451,073 high-vote Class B1 shares
Rhea-AI Filing Summary
NIP Group Inc. director and Co-Chief Executive Officer Mario Yau Kwan Ho filed an initial Form 3 reporting his beneficial ownership in the company. He is shown as indirectly holding 33,451,073 Class B1 ordinary shares, recorded as held by Seventh Hokage Management Limited.
The filing notes that NIP Group’s capital structure includes Class A, Class B1 and Class B2 ordinary shares. Class A carries one vote per share, while each Class B1 and Class B2 share carries 20 votes per share, giving these shares significantly higher voting power. Each Class B1 or B2 share is convertible into one Class A share at the holder’s option, but Class A shares cannot be converted into Class B shares.
The Form 3 also explains that Seventh Hokage Management Limited is wholly owned by Seventh Hokage Holdings Limited, both organized in the British Virgin Islands, and that these entities are beneficially owned through a trust for the benefit of Mario Yau Kwan Ho and his family.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B1 ordinary share | -- | -- | -- |
Footnotes (1)
- The authorized share capital of NIP Group Inc. consists of Class A ordinary shares, Class B1 ordinary shares and Class B2 ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share, while each holder of Class B1 ordinary shares and Class B2 ordinary shares is entitled to 20 votes per share, subject to the approval conditions for ordinary resolutions, the Weighted Voting Right and certain restrictions. Each Class B1 ordinary share and Class B2 ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Seventh Hokage Management Limited is a limited liability company established in the British Virgin Islands. Seventh Hokage Management Limited is wholly owned by Seventh Hokage Holdings Limited, a limited liability company established in the British Virgin Islands, which is beneficially owned by Mario Yau Kwan Ho through a trust. Mario Yau Kwan Ho and his family are the trust's beneficiaries.