RLX Technology (RLX) co-founder reports major indirect shareholdings

Rhea-AI Filing Summary

RLX Technology Inc. director and co-founder Jiang Long filed a Form 3 reporting his initial beneficial ownership in the company. The filing shows indirect holdings of 142,797,680 Class A ordinary shares through Longtian Holding Limited and 23,946,930 Class A ordinary shares underlying share awards administered by BJ BJ Limited under the 2021 Plan. These include stock options with a $0.15 exercise price expiring on September 30, 2030, vesting in three tranches tied to Class A ordinary shares. The form records existing positions rather than new market transactions.

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^*

Jiang Long

(Last) (First) (Middle)

35/F, PEARL IFC, JIAN'AN

1 ROAD, BAO'AN DIST

(Street)

SHENZHEN, GUANGDONG 518100

(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
RLX Technology Inc. [ RLX ]

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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Co-founder

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 A ordinary shares	142,797,680	I	Held by Longtian Holding Limited(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
Stock Option (right to buy)	01/31/2023	09/30/2030	Class A ordinary shares	11,973,466	$0.15	I	Held by BJ BJ Limited(2)
Stock Option (right to buy)	01/31/2024	09/30/2030	Class A ordinary shares	5,986,733	$0.15	I	Held by BJ BJ Limited(2)
Stock Option (right to buy)	01/31/2025	09/30/2030	Class A ordinary shares	5,986,731	$0.15	I	Held by BJ BJ Limited(2)

Explanation of Responses:

1. Represents 142,797,680 Class A ordinary shares held by Longtian Holding Limited, a British Virgin Islands company. Mr. Long (David) Jiang is the sole director of Longtian Holding Limited. Longtian Holding Limited is owned by Cititrust Private (Cayman) Limited as the trustee of The HuaDi Family Trust. Under the terms of The HuaDi Family Trust, Mr. Long (David) Jiang is the settlor of The HuaDi Family Trust. Mr. Long (David) Jiang and his family members are the trust's beneficiaries.

2. Represents 23,946,930 Class A ordinary shares underlying share awards held by BJ BJ Limited who is administering share incentive awards under the 2021 Plan.

	/s/ Long (David) Jiang	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 Jiang Long’s Form 3 for RLX Technology (RLX) report?

The Form 3 reports Jiang Long’s initial beneficial ownership in RLX Technology. It lists large indirect holdings of Class A ordinary shares and share awards held through Longtian Holding Limited and BJ BJ Limited, reflecting his significant equity interest via corporate and trust structures.

How many RLX Technology Class A shares does Jiang Long indirectly hold?

The filing shows indirect ownership of 142,797,680 Class A ordinary shares through Longtian Holding Limited. This stake is held via a British Virgin Islands company linked to The HuaDi Family Trust, where Jiang Long is settlor and he and his family are beneficiaries.

What share awards or options related to RLX Technology does Jiang Long report?

The Form 3 reports 23,946,930 Class A ordinary shares underlying share awards administered by BJ BJ Limited under the 2021 Plan. These are structured as stock options with a $0.15 exercise price and expirations on September 30, 2030, in three separate tranches.

Are Jiang Long’s RLX Technology holdings direct or indirect?

All reported positions are indirect. Class A shares are held by Longtian Holding Limited, while share awards are held by BJ BJ Limited. The filing explains Longtian’s ownership through The HuaDi Family Trust, with Jiang Long as settlor and his family as beneficiaries.

Does Jiang Long’s RLX Form 3 show any recent share purchases or sales?

The Form 3 does not report purchases or sales. It classifies all entries as holdings with unknown transaction codes and a neutral net buy-sell direction, indicating the document is establishing existing beneficial ownership rather than recording new market trades.

What role do Longtian Holding Limited and The HuaDi Family Trust play in RLX ownership?

Longtian Holding Limited holds 142,797,680 Class A shares, with Jiang Long as its sole director. Longtian is owned by Cititrust Private (Cayman) Limited as trustee of The HuaDi Family Trust, where Jiang Long is settlor and his family members are trust beneficiaries.