Quhuo (QH) CEO Leslie Yu reports ADS, Class B and C stakes

Rhea-AI Filing Summary

Quhuo Ltd Chief Executive Officer Leslie Yu filed an initial statement of beneficial ownership. He directly holds American Depositary Shares representing 1,458,000 Class A ordinary shares. He also has indirect ownership, through LESYU Investments Limited, of 6,296,630 Class B ordinary shares and 100,000,000 Class C ordinary shares.

Each American Depositary Share represents 900 Class A ordinary shares. Each Class B ordinary share is convertible into one Class A ordinary share and carries voting power equivalent to 480 Class A shares. Each Class C ordinary share is not convertible but also carries voting power equivalent to 480 Class A 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^*

Yu Leslie

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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)
Class C Ordinary Shares(1)	100,000,000	I	By LESYU Investments Limited, a BVI company wholly owned by Leslie Yu.

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	(2)	(2)	Class A Ordinary Shares	1,458,000	(2)	D
Class B Ordinary Shares	(3)	(3)	Class A Ordinary Shares	6,296,630	$0.00	I	By LESYU Investments Limited, a BVI company wholly owned by Leslie Yu.

Explanation of Responses:

1. Class C ordinary shares are not convertible into Class A ordinary shares under any circumstances and each carries voting power equivalent to 480 Class A ordinary shares. Class A ordinary shares are not convertible into Class C ordinary shares under any circumstances.

2. Each American Depositary Share represents nine hundred (900) Class A ordinary shares of Quhuo Limited, par value US$0.0001 per share.

3. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof and has no expiration date, and each Class B ordinary share entitles the holder thereof to 480 votes.. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

	/s/ Leslie Yu	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 (QH) CEO Leslie Yu report on this Form 3?

Leslie Yu reports his initial ownership in Quhuo. He directly holds ADS representing 1,458,000 Class A shares and indirectly holds 6,296,630 Class B and 100,000,000 Class C shares through LESYU Investments Limited, establishing his equity and voting position.

How many Class A shares does Leslie Yu effectively hold at Quhuo (QH)?

He directly holds American Depositary Shares representing 1,458,000 Class A shares. In addition, his 6,296,630 Class B shares are convertible one-for-one into Class A, giving him substantial economic and voting exposure to Quhuo’s Class A equity structure.

What is the role of LESYU Investments Limited in Quhuo (QH) ownership?

LESLYU Investments Limited, wholly owned by Leslie Yu, holds 6,296,630 Class B and 100,000,000 Class C ordinary shares. These indirect holdings concentrate additional voting power and economic interest in an entity controlled by Quhuo’s Chief Executive Officer.

How do Quhuo (QH) Class B and Class C shares differ from Class A shares?

Each Class B share converts into one Class A share and carries 480 votes. Class C shares are not convertible into Class A but also carry 480 votes each. Class A shares cannot convert into either Class B or Class C under any circumstances.

What do Quhuo (QH) American Depositary Shares represent for investors?

Each American Depositary Share represents 900 Class A ordinary shares of Quhuo. Leslie Yu’s ADS position, representing 1,458,000 Class A shares, provides a convenient way to trade Quhuo equity while linking directly to the underlying Class A share capital.