Polibeli Group (PLBL) director discloses 4.67M indirect shares on Form 3

Rhea-AI Filing Summary

Polibeli Group Ltd director Yan Fucheng filed an initial statement of beneficial ownership. The filing reports an indirect holding of 4,665,476 Class A Ordinary Shares, representing 1.2734% of Polibeli Group Ltd, held through a 1.2960% interest in Xingyun International Company Limited.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Yan Fucheng

Role Director

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

Holdings After Transaction: Class A Ordinary Shares — 4,665,476 shares (Indirect, See footnote)

Footnotes (1)

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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

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1. Name and Address of Reporting Person^*

Yan Fucheng

(Last) (First) (Middle)

32F, COFCO QIANHAI INNOVATION CENTER (E)

GUIWAN 2ND ROAD, NANSHAN DISTRICT

(Street)

SHENZHEN, GUANGDONG 518000

(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
Polibeli Group Ltd [ PLBL ]

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

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	4,665,476	I	See footnote(1)

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. Yan Fucheng indirectly holds 1.2960% of the shares of Xingyun International Company Limited, thereby indirectly holding 1.2734% of Polibeli Group Ltd ("the Company"), which represents 4,665,476 Class A Ordinary Shares of the Company.

	/s/ Yan Fucheng	03/23/2026
	** 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 does the Polibeli Group Ltd (PLBL) Form 3 for Yan Fucheng report?

The Form 3 reports initial beneficial ownership for director Yan Fucheng. It shows an indirect interest in 4,665,476 Class A Ordinary Shares of Polibeli Group Ltd, reflecting his stake via Xingyun International Company Limited.

How many Polibeli Group Ltd (PLBL) shares does Yan Fucheng indirectly hold?

Yan Fucheng is reported to indirectly hold 4,665,476 Class A Ordinary Shares of Polibeli Group Ltd. This position arises from his ownership interest in Xingyun International Company Limited, which in turn holds shares of Polibeli Group Ltd.

What percentage of Polibeli Group Ltd (PLBL) does Yan Fucheng beneficially own?

The filing states that Yan Fucheng indirectly holds 1.2734% of Polibeli Group Ltd. This percentage corresponds to 4,665,476 Class A Ordinary Shares attributed to him through his stake in Xingyun International Company Limited.

Through what entity does Yan Fucheng hold his Polibeli Group Ltd (PLBL) shares?

According to the filing, Yan Fucheng holds his interest indirectly through Xingyun International Company Limited. He owns 1.2960% of Xingyun, which results in an indirect beneficial ownership of shares in Polibeli Group Ltd.

Is the Polibeli Group Ltd (PLBL) Form 3 a report of a new transaction?

No, the Form 3 functions as an initial ownership statement for a director. It records an existing indirect holding of 4,665,476 Class A Ordinary Shares rather than reporting a new purchase or sale transaction.

Is Yan Fucheng’s ownership in Polibeli Group Ltd (PLBL) direct or indirect?

The filing characterizes his position as indirect ownership. The Class A Ordinary Shares are attributed to him because he owns a 1.2960% interest in Xingyun International Company Limited, which holds shares of Polibeli Group Ltd.