Zhiwei Liu reports 17.92% Raytech Holding (RAY) stake via direct and Chunda shares

Rhea-AI Filing Summary

Zhiwei Liu and Chunda International Capital Management Co., Ltd have filed a Schedule 13D reporting a significant stake in Raytech Holding Ltd. Liu beneficially owns 488,376 Ordinary Shares, representing 17.92% of the company’s 2,724,911 shares outstanding. This includes 243,137 shares held directly and 245,239 shares held through Chunda, a British Virgin Islands company wholly owned and controlled by him.

The filing details a series of open-market purchases and limited sales during December 2025, January 2026, and early February 2026, plus a privately negotiated February 9, 2026 transaction where Chunda acquired 245,239 shares for US$528,245. The shares were acquired for investment purposes, and the reporting persons have entered into a joint filing agreement.

Insights

Equity ownership & governance analyst

Liu now holds a 17.92% investment stake in Raytech via direct and indirect ownership.

Zhiwei Liu and his wholly owned vehicle Chunda International Capital Management report beneficial ownership of 488,376 Ordinary Shares of Raytech Holding Ltd, equal to 17.92% of 2,724,911 shares outstanding. The position was built through open-market purchases and one privately negotiated block.

The filing characterizes the stake as being acquired for investment purposes, with no additional plans described. Chunda’s February 9, 2026 acquisition of 245,239 shares for US$528,245 brings Chunda’s own interest to 9.0% of the class, while Liu’s combined direct and indirect holdings reach 17.92%.

A Schedule 13D often signals a more active posture than a passive 13G, but here the stated purpose is investment only. Subsequent disclosures in future company filings may clarify whether the position remains purely financial or evolves into a more engaged role in Raytech’s governance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Raytech Holding Ltd

(Name of Issuer)

Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

Raytech Holding Limited
Unit 609, 6/F, Nan Fung, Commercial Centre No.19 Lam Lok Street
Kowloon Bay, K3, 000000
852 2117 0236

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/09/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Zhiwei Liu

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 488,376.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 488,376.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

488,376.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

17.92 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

1. The Reporting Person is filing this Schedule 13D to report an increase in his beneficial ownership of the Issuer's Ordinary Shares following the transactions reported herein. 2. Represents 488,376 Ordinary Shares of Raytech Holding Limited (the "Company") directly and indirectly held by Zhiwei Liu ("Mr. Liu"). The Ordinary Shares beneficially owned by Mr. Liu consist of (i) 243,137 Ordinary Shares held directly by Mr. Liu, and (ii) 245,239 Ordinary Shares held by Chunda International Capital Management Co., Ltd, a British Virgin Islands business company that is wholly-owned by Mr. Liu. 3. The percent ownership is calculated based upon an aggregate of 2,724,911 shares outstanding.

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Chunda International Capital Management Co., Ltd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 245,239.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 245,239.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

245,239.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.0 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

1. The Reporting Person is filing this Schedule 13D to report an increase in his beneficial ownership of the Issuer's Ordinary Shares following the transactions reported herein. 2. Represents 488,376 Ordinary Shares of Raytech Holding Limited (the "Company") directly and indirectly held by Zhiwei Liu ("Mr. Liu"). The Ordinary Shares beneficially owned by Mr. Liu consist of (i) 243,137 Ordinary Shares held directly by Mr. Liu, and (ii) 245,239 Ordinary Shares held by Chunda International Capital Management Co., Ltd, a British Virgin Islands business company that is wholly-owned by Mr. Liu. 3. The percent ownership is calculated based upon an aggregate of 2,724,911 shares outstanding.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares, par value US$0.0001 per share
(b)	Name of Issuer: Raytech Holding Ltd
(c)	Address of Issuer's Principal Executive Offices: Unit 609, 6/F, Nan Fung, Commercial Centre No.19 Lam Lok Street, Kowloon Bay, HONG KONG , 000000.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed by the following persons: (i) Mr. Zhiwei Liu, and (ii) Chunda International Capital Management Co., Ltd, a British Virgin Islands business company that is wholly-owned by Mr. Liu. Each of the foregoing persons are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons."
(b)	The addresses of the principal place of business for each of the Reporting Persons are: For individual: Unit C, 110 Repulse Bay, Hong Kong For entity: P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands
(c)	Mr. Liu is the director of Chunda International Capital Management Co., Ltd.
(d)	No.
(e)	No.
(f)	For Mr. Liu: Hong Kong For Chunda International Capital Management Co., Ltd: British Virgin Islands
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons acquired 245,239 ordinary shares of the Issuer on February 9, 2026, at an aggregate purchase price of US$528,245, in a privately negotiated transaction. The source of funds for the purchases described herein were the personal funds of Mr. Liu and the working capital of Chunda International Capital Management Co., Ltd.
Item 4.	Purpose of Transaction
	The Reporting Persons acquired the Ordinary Shares for investment purposes.
Item 5.	Interest in Securities of the Issuer
(a)	For information regarding beneficial ownership, see the information presented on the cover page of this Schedule 13D.
(b)	For information regarding beneficial ownership, see the information presented on the cover page of this Schedule 13D.
(c)	Mr. Liu beneficially became the owner of more than five percent (5%) of the outstanding Ordinary Shares of the Issuer in December 2025. Mr. Liu is filing this Schedule 13D to report his beneficial ownership of the Ordinary Shares. All transactions described below were effected in open market transactions, unless otherwise indicated. December 2025 In December 2025, Mr. Liu purchased an aggregate of 141,717 Ordinary Shares and sold 5,551 Ordinary Shares, resulting in net purchases of 136,166 Ordinary Shares. Following such transactions, Mr. Liu beneficially owned approximately 5% of the Issuer's outstanding Ordinary Shares. January 2026 In January 2026, Mr. Liu purchased an aggregate of 179,332 Ordinary Shares and sold 88,629 Ordinary Shares, resulting in net purchases of 90,703 Ordinary Shares. Following such transactions, Mr. Liu beneficially owned 226,869 Ordinary Shares, representing approximately 8.33% of the Issuer's outstanding Ordinary Shares. February 2, 2026 On February 2, 2026, Mr. Liu purchased 12,913 Ordinary Shares and sold 98 Ordinary Shares in open market transactions, resulting in net purchases of 12,815 Ordinary Shares. Following such transactions, Mr. Liu beneficially owned 239,684 Ordinary Shares, representing approximately 8.8% of the Issuer's outstanding Ordinary Shares. February 9, 2026 - Chunda International Capital Management Co., Ltd On February 9, 2026, Chunda International Capital Management Co., Ltd, a British Virgin Islands business company controlled by Mr. Liu , purchased 245,239 Ordinary Shares in a privately negotiated transaction. As a result of such transaction, Chunda International Capital Management Co., Ltd beneficially owned approximately 9% of the Issuer's outstanding Ordinary Shares. Mr. Liu is deemed to beneficially own the Ordinary Shares held by Chunda International Capital Management Co., Ltd by virtue of his control of such entity. February 11, 2026 On February 11, 2026, Mr. Liu purchased 3,453 Ordinary Shares in an open market transaction. Following such transaction, Mr. Liu beneficially owned an aggregate of 488,376 Ordinary Shares, representing approximately 17.92% of the Issuer's outstanding Ordinary Shares.
(d)	Not applicable.
(e)	Unless disclosed otherwise in Item 5(c), not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 99.1 hereto, with respect to the joint filing of this Schedule 13D and any amendments thereto.
Item 7.	Material to be Filed as Exhibits.
	Exhibit No. Description 99.1 Joint Filing Agreement by and among the Reporting Persons

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Zhiwei Liu

Signature:	/s/ Zhiwei Liu
Name/Title:	Zhiwei Liu
Date:	03/10/2026

Chunda International Capital Management Co., Ltd

Signature:	/s/ Zhiwei Liu
Name/Title:	Director
Date:	03/10/2026

FAQ

How much of Raytech Holding Ltd (RAY) does Zhiwei Liu now own?

Zhiwei Liu beneficially owns 488,376 Ordinary Shares of Raytech Holding Ltd, representing approximately 17.92% of the company’s 2,724,911 shares outstanding. This total combines 243,137 shares held directly and 245,239 shares held indirectly through Chunda International Capital Management Co., Ltd.

What stake in Raytech Holding Ltd (RAY) is held by Chunda International Capital Management?

Chunda International Capital Management Co., Ltd holds 245,239 Ordinary Shares of Raytech Holding Ltd, representing about 9.0% of the outstanding Ordinary Shares. Chunda is a British Virgin Islands company wholly owned and controlled by Zhiwei Liu, so these shares are included in his reported beneficial ownership.

How did Zhiwei Liu build his 17.92% position in Raytech Holding Ltd (RAY)?

Liu built his position through open-market purchases in December 2025, January 2026, and February 2 and 11, 2026, along with limited sales. A key step was a February 9, 2026 privately negotiated transaction where Chunda bought 245,239 shares, significantly increasing his overall stake.

What price did Chunda pay for Raytech Holding Ltd (RAY) shares in the private transaction?

On February 9, 2026, Chunda International Capital Management Co., Ltd acquired 245,239 Ordinary Shares of Raytech Holding Ltd in a privately negotiated transaction for an aggregate purchase price of US$528,245. The filing states that funds came from Liu’s personal resources and Chunda’s working capital.

Why did Zhiwei Liu and Chunda file a Schedule 13D for Raytech Holding Ltd (RAY)?

They filed a Schedule 13D because Liu’s beneficial ownership of Raytech’s Ordinary Shares exceeded 5% in December 2025 and later rose to 17.92%. The filing reports this increased stake and states the shares were acquired for investment purposes by Liu and his controlled entity Chunda.

What is the stated purpose of Zhiwei Liu’s investment in Raytech Holding Ltd (RAY)?

The filing states that Zhiwei Liu and Chunda acquired Raytech’s Ordinary Shares for investment purposes. It does not outline additional plans or proposals regarding Raytech’s operations, strategy, or governance beyond the ownership disclosure required by beneficial ownership rules.