Cloopen CEO discloses large indirect share holdings

Cloopen Group Holding Ltd’s chief executive officer, Sun Changxun, filed an initial ownership report showing sizeable indirect stakes in the company.

Rhea-AI Filing Summary

Cloopen Group Holding Ltd’s chief executive officer, Sun Changxun, filed an initial ownership report showing sizeable indirect stakes in the company. The filing reports indirect ownership of 25,649,839 Class B Ordinary Shares held by Cloopen Co., Ltd., a company wholly-owned by Mr. Sun.

It also reports 2,000,000 Class A Ordinary Shares held by Flawless Success Limited, which acts as a nominee for an employee trust benefiting grantees under Cloopen’s share incentive plans. This Form 3 does not reflect new purchases or sales, but discloses existing positions and related holding structures.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sun Changxun

Role Chief Executive Officer

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

Holdings After Transaction: Class B Ordinary Shares — 25,649,839 shares (Indirect, By Cloopen Co., Ltd., a company wholly-owned by Mr. Changxun Sun); Class A Ordinary Shares — 2,000,000 shares (Indirect, See Footnote)

Footnotes (1)

1. F1. These Class A Ordinary Shares are held by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the Issuer's share incentive plans.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider ownership does Cloopen (RAASY) CEO Sun Changxun report on this Form 3?

The Form 3 reports substantial indirect holdings by CEO Sun Changxun. It lists 25,649,839 Class B Ordinary Shares held through Cloopen Co., Ltd. and 2,000,000 Class A Ordinary Shares held via Flawless Success Limited as nominee for an employee trust.

Does Cloopen (RAASY) CEO Sun Changxun buy or sell shares in this Form 3 filing?

This Form 3 does not show any new share purchases or sales. It simply discloses existing indirect holdings in Cloopen’s Class A and Class B Ordinary Shares and identifies the entities through which those interests are held for reporting purposes.

How are the 25,649,839 Class B Cloopen (RAASY) shares held for CEO Sun Changxun?

The 25,649,839 Class B Ordinary Shares are reported as indirectly owned through Cloopen Co., Ltd. Cloopen Co., Ltd. is described as a company wholly-owned by Mr. Sun, so those shares are attributed to him as an indirect ownership position.

Who holds the 2,000,000 Class A Cloopen (RAASY) shares reported in the Form 3?

The 2,000,000 Class A Ordinary Shares are held by Flawless Success Limited. It acts as a nominee for an employee trust that holds shares for the benefit of grantees under Cloopen’s share incentive plans, and these holdings are reported as indirect.

What is the purpose of this Cloopen (RAASY) Form 3 by CEO Sun Changxun?

The purpose of the Form 3 is to disclose Mr. Sun’s initial beneficial ownership in Cloopen as a corporate insider. It details his indirect holdings in Class A and Class B Ordinary Shares and identifies the intermediary entities and trust arrangements involved.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 06:38 AM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Sun Changxun

(Last) (First) (Middle)

16/F, TOWER A, FAIRMONT TOWER,

33 GUANGSHUN NORTH MAIN ST, CHAOYANG

(Street)

BEIJING 100102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
02/08/2021

3. Issuer Name and Ticker or Trading Symbol
Cloopen Group Holding Ltd [ RAASY ]

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 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 B Ordinary Shares	25,649,839	I	By Cloopen Co., Ltd., a company wholly-owned by Mr. Changxun Sun
Class A Ordinary Shares	2,000,000	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. These Class A Ordinary Shares are held by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the Issuer's share incentive plans.

Remarks:

No derivative securities of the issuer are beneficially owned by the reporting person as of the event date.

	/s/ Changxun Sun	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)