Quhuo Ltd (QH) CTO Pan Fan reports ADS stake in Form 3

Rhea-AI Filing Summary

Quhuo Ltd filed an initial ownership report for Chief Technology Officer Pan Fan. The filing shows direct beneficial ownership of American Depositary Shares representing 470,700 Class A ordinary shares of Quhuo Ltd. Each ADS represents nine hundred Class A ordinary shares.

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^*

Pan Fan

(Last) (First) (Middle)

3RD FLOOR, BLOCK A, XIN'ANMEN

NO. 1 SOUTH BANK HUIHE SOUTH STREET

(Street)

CHAOYANG DISTRICT BEIJING 100020

(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
QUHUO Ltd [ QH ]

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

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)

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
American Depositary Shares	(1)	(1)	Class A Ordinary Shares	470,700	(1)	D

Explanation of Responses:

1. Each ADS represents nine hundred (900) Class A ordinary shares of Quhuo Limited, par value US$0.0001 per share.

	/s/ Fan Pan	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 does Quhuo Ltd (QH) disclose in Pan Fan’s Form 3?

Quhuo Ltd reports that Chief Technology Officer Pan Fan holds American Depositary Shares representing 470,700 Class A ordinary shares. This Form 3 is an initial statement of beneficial ownership, not a buy or sell transaction.

How many Quhuo Ltd (QH) Class A shares are reported for Pan Fan?

The filing shows beneficial ownership of American Depositary Shares representing 470,700 Class A ordinary shares of Quhuo Ltd. This figure reflects Pan Fan’s direct position as reported in the initial ownership statement on Form 3.

What role does Pan Fan hold at Quhuo Ltd (QH)?

The filing identifies Pan Fan as an officer of Quhuo Ltd, serving as Chief Technology Officer. The Form 3 links this executive role to the reported holdings of American Depositary Shares representing Class A ordinary shares.

What is the ADS to Class A share ratio for Quhuo Ltd (QH)?

Each Quhuo Ltd American Depositary Share represents nine hundred Class A ordinary shares, according to the footnote. This ratio explains how the ADS holdings correspond to the underlying Class A ordinary share count in the Form 3.

Does Pan Fan’s Quhuo Ltd (QH) Form 3 show any stock transactions?

No transactions are reported; the Form 3 is an initial ownership statement. It lists Pan Fan’s existing American Depositary Share holdings representing 470,700 Class A ordinary shares, without indicating any recent purchases or sales.