RAY proposes 800K-share sale via Huatai; acquired in 2022

Rhea-AI Filing Summary

Raytech Holding Limited submitted a Form 144/A reporting a proposed sale of 800,000 ordinary shares through Huatai Financial Holdings (Hong Kong) Limited as broker. The filing lists an aggregate market value of $2,208,000 and indicates 43,598,083 shares outstanding, with an approximate sale date of 08/05/2025. The shares were acquired on 09/08/2022 by private transfer from Raytech Holding Limited and were paid for in cash.

The filing states there were no securities sold by the filer in the past three months and includes the seller's representation that they do not possess undisclosed material adverse information about the issuer. The notice follows Rule 144 disclosure procedures and records the broker, acquisition details, and the seller's certification.

Positive

• Complete procedural disclosure: The Form 144/A lists broker, share count, aggregate value, and acquisition details
• No recent sales: The filer reports nothing to report for securities sold in the past three months
• Seller certification included: The filer represents they do not possess undisclosed material adverse information

Negative

• Proposed sale increases public float: 800,000 shares will be offered, which may modestly expand shares available to market
• Lack of issuer operational detail: The filing contains no company performance or business updates that would inform investor view

Insights

Securities Analyst

TL;DR: Form 144/A discloses an insider sale of 800,000 shares (~1.8% of outstanding), a procedural disclosure with limited immediate market impact.

The filing documents a proposed sale of 800,000 ordinary shares valued at $2.208 million via Huatai Financial Holdings. Relative to the reported 43,598,083 outstanding shares, the block represents approximately 1.8% of the float, which is modest and unlikely to materially move valuation on its own. The transaction was a private transfer acquired on 09/08/2022 and paid in cash, and there are no reported sales by the filer in the prior three months. This notice provides transparency required under Rule 144 but contains no new operational or financial information about the issuer.

Corporate Governance Expert

TL;DR: The filer complied with Rule 144 disclosure, including acquisition provenance and a certification of no undisclosed material information.

The document clearly identifies the broker, acquisition date, source (Raytech Holding Limited), and payment method (cash), and it includes the statutory seller representation about material adverse information. The filing also notes no sales in the past three months, which helps clarify recent insider activity. From a governance perspective, the notice meets filing requirements and does not indicate regulatory or disclosure concerns within the submitted content.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary Share	Huatai Financial Holdings (Hong Kong) Limited Unit 5801, The Center, 99 Queen's Road Central K3 NA	800000	2208000.00	43598083	08/05/2025	Nasdaq Capital Mkt

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary Share	09/08/2022	Private Transfer	Raytech Holding Limited			800000	09/08/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Nothing to Report

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Raytech (RAY) Form 144/A disclose?

The filing discloses a proposed sale of 800,000 ordinary shares via Huatai Financial Holdings, with an aggregate market value of $2,208,000 and an approximate sale date of 08/05/2025.

Who acquired the shares being sold in the RAY Form 144/A and when?

The shares were acquired on 09/08/2022 by private transfer from Raytech Holding Limited, and payment was made in cash.

How significant is the 800,000-share block relative to Raytech's outstanding shares?

The filing reports 43,598,083 shares outstanding, so the proposed sale represents approximately 1.8% of outstanding shares.

Did the filer report other recent sales of Raytech securities?

No. The Form 144/A states Nothing to Report for securities sold by the filer in the past three months.

Does the filing indicate the seller has undisclosed material information?

The seller certifies they do not know any material adverse information about the issuer that has not been publicly disclosed and references potential 10b5-1 plan representations.