SOLAI Ltd (SLAI) director Law Man San details ADS and supervoting stakes

Rhea-AI Filing Summary

SOLAI Ltd director Law Man San filed an initial Form 3 detailing his ownership in the company. He directly holds 545,774 American Depositary Shares (ADS) and 104,000 Restricted Share Units (RSUs), each RSU representing one ADS, which vest on June 1, 2026.

He also has indirect holdings through entities. Good Luck Capital Limited holds 85,572,963 Class A ordinary shares, 65,000 Class A preference shares and 65,000 Class A II preference shares with significant voting power but no conversion or dividend rights. Delite Limited holds 6 Class B ordinary shares convertible into Class A shares. Each ADS represents one hundred Class A ordinary shares.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Law Man San

Role Director

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Class B ordinary shares	--	--	--
holding	American Depositary Shares	--	--	--
holding	Class A ordinary shares	--	--	--
holding	Class A preference shares	--	--	--
holding	Class A II preference shares	--	--	--

Holdings After Transaction: Restricted Share Units — 104,000 shares (Direct); Class B ordinary shares — 6 shares (Indirect, By Delite Limited); American Depositary Shares — 545,774 shares (Direct); Class A ordinary shares — 85,572,963 shares (Indirect, By Good Luck Capital Limited); Class A preference shares — 65,000 shares (Indirect, By Good Luck Capital Limited); Class A II preference shares — 65,000 shares (Indirect, By Good Luck Capital Limited)

Footnotes (1)

1. Each American Depositary Share ("ADS") represents one hundred (100) Class A ordinary shares. The voting power of each Class A preference share is equal to that of 10,000 Class A ordinary shares. The Class A preference shares cannot be converted into Class A ordinary shares, Class B ordinary shares, or ADSs and are not entitled to receive dividends. If Good Luck Capital Limited ("Good Luck") transfers the Class A preference shares to a third party which is not an affiliate of Good Luck, or when Good Luck ceases to be controlled by any person holding executive office in or being a member of the board of directors of SOLAI Limited, the Class A preference shares shall cease to have any voting right. If Mr. Law ceases to serve as a director of SOLAI Limited, SOLAI Limited shall be entitled to redeem the Class A preference shares at the original subscription price. The voting power of each Class A II preference share is equal to that of 400,000 Class A ordinary shares. The Class A II preference shares cannot be converted into Class A ordinary shares, Class B ordinary shares, or ADSs and are not entitled to receive dividends. Good Luck would be entitled to transfer any supervoting shares to any third party, whether or not an affiliate, provided that such transfer is approved by the board by a majority vote. Each Restricted Share Unit ("RSU") represents the contingent right to receive one (1) American Depositary Share ("ADS"). These RSUs do not expire. These RSUs vest on June 1, 2026. Each ADS represents one hundred (100) Class A ordinary shares. Class B ordinary shares are convertible into Class A ordinary shares on a one-for-one basis at the election of the holder. These conversion rights do not expire.

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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^*

Law Man San

(Last) (First) (Middle)

C/O 428 SOUTH SEIBERLING STREET

(Street)

AKRON OHIO 44306

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
SOLAI Ltd [ SLAI ]

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
	Officer (give title below)		Other (specify below)

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)
American Depositary Shares(1)	545,774	D
Class A ordinary shares	85,572,963	I	By Good Luck Capital Limited
Class A preference shares(2)	65,000	I	By Good Luck Capital Limited
Class A II preference shares(3)	65,000	I	By Good Luck Capital Limited

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
Restricted Share Units(4)	(4)	(4)	American Depositary Shares ("ADS")(5)	104,000	(4)	D
Class B ordinary shares(6)	(6)	(6)	Class A ordinary shares	6	(6)	I	By Delite Limited

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents one hundred (100) Class A ordinary shares.

2. The voting power of each Class A preference share is equal to that of 10,000 Class A ordinary shares. The Class A preference shares cannot be converted into Class A ordinary shares, Class B ordinary shares, or ADSs and are not entitled to receive dividends. If Good Luck Capital Limited ("Good Luck") transfers the Class A preference shares to a third party which is not an affiliate of Good Luck, or when Good Luck ceases to be controlled by any person holding executive office in or being a member of the board of directors of SOLAI Limited, the Class A preference shares shall cease to have any voting right. If Mr. Law ceases to serve as a director of SOLAI Limited, SOLAI Limited shall be entitled to redeem the Class A preference shares at the original subscription price.

3. The voting power of each Class A II preference share is equal to that of 400,000 Class A ordinary shares. The Class A II preference shares cannot be converted into Class A ordinary shares, Class B ordinary shares, or ADSs and are not entitled to receive dividends. Good Luck would be entitled to transfer any supervoting shares to any third party, whether or not an affiliate, provided that such transfer is approved by the board by a majority vote.

4. Each Restricted Share Unit ("RSU") represents the contingent right to receive one (1) American Depositary Share ("ADS"). These RSUs do not expire. These RSUs vest on June 1, 2026.

5. Each ADS represents one hundred (100) Class A ordinary shares.

6. Class B ordinary shares are convertible into Class A ordinary shares on a one-for-one basis at the election of the holder. These conversion rights do not expire.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Bilei Zhang as Attorney-in-Fact	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 insider holdings did SOLAI Ltd (SLAI) director Law Man San report on Form 3?

Law Man San reported a mix of direct and indirect holdings. He directly holds 545,774 American Depositary Shares and 104,000 Restricted Share Units tied to ADS. Indirectly, affiliated entities hold large positions in Class A ordinary, Class A preference, Class A II preference, and Class B ordinary shares.

How many SOLAI Ltd (SLAI) Restricted Share Units does Law Man San hold and when do they vest?

He holds 104,000 Restricted Share Units, each representing the right to receive one American Depositary Share. These RSUs do not expire and are scheduled to vest on June 1, 2026, aligning his compensation with future company performance through equity-based awards.

What is the voting power of SOLAI Ltd (SLAI) Class A and Class A II preference shares held indirectly?

Each Class A preference share carries voting power equal to 10,000 Class A ordinary shares. Each Class A II preference share carries voting power equal to 400,000 Class A ordinary shares. These preference shares cannot be converted into ordinary shares or ADSs and are not entitled to dividends.

How are SOLAI Ltd (SLAI) American Depositary Shares related to Class A ordinary shares?

Each American Depositary Share represents one hundred Class A ordinary shares. This ratio means ADS holdings reflect a much larger underlying position in Class A shares, providing a convenient way for investors and insiders to hold and trade exposure to the company’s ordinary equity internationally.

What indirect SOLAI Ltd (SLAI) holdings are attributed to Good Luck Capital Limited and Delite Limited?

Good Luck Capital Limited holds 85,572,963 Class A ordinary shares, 65,000 Class A preference shares, and 65,000 Class A II preference shares. Delite Limited holds 6 Class B ordinary shares, which are convertible into Class A ordinary shares on a one-for-one basis at the holder’s election.