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.
SOLAI Ltd director and executive Yu Bo, the company’s Chairman and COO, has reported his initial ownership in a Form 3. He directly holds 148,653 American Depositary Shares (ADS) and Restricted Share Units (RSUs) for 53,000 ADS. Each ADS represents one hundred Class A ordinary shares, and each RSU represents the right to receive one ADS. The RSUs do not expire and are scheduled to vest on June 1, 2026.
SOLAI Limited reported that the New York Stock Exchange notified the company on January 29, 2026 that its ADSs no longer meet the NYSE’s minimum US$1.00 average closing price requirement over a 30‑day period. SOLAI has a six‑month cure period to restore compliance or face potential suspension and delisting procedures, though trading continues and the company remains compliant with all other NYSE standards. The notice does not affect day‑to‑day operations or SEC reporting. SOLAI also announced that independent director Qian Sun resigned for personal reasons and was immediately replaced by new independent director Zhan Chen, who will join key board committees and brings prior entrepreneurial and executive experience in consumer, technology, and fintech businesses.
SOLAI Limited is registering 71,999,064 additional Class A ordinary shares for issuance under its 2021 Share Incentive Plan through a new Form S-8 filing. These shares were added to the plan under its evergreen provision and are the same class as shares previously registered on earlier S-8 statements. Those prior filings covered an aggregate of 152,158,966 Class A ordinary shares available under the same plan. Under the plan’s terms, the total number of ordinary shares that may be issued from time to time is limited to 12% of the company’s issued and outstanding share capital on an as-exercised, fully diluted basis.
SOLAI Ltd received an updated ownership report showing that founder and executive director Law Man San Vincent, together with his entities Delite Limited and Good Luck Capital Limited, has consolidated near-total voting control of the company. Mr. Law beneficially owns 140,280,369 shares across Class A and Class B Ordinary Shares and Class A and Class A II Preference Shares, representing 7.5% of the share capital on an as‑converted basis.
Through a supervoting share subscription, Good Luck purchased 65,000 Class A II Preference Shares for $65,000 on November 18, 2025. Each Class A II Preference Share carries 400,000 votes, is non‑convertible into ordinary shares or ADSs, and does not receive dividends. Following this issuance, Mr. Law’s aggregated voting power increased to about 93.8% of total voting power, giving him effective control over shareholder decisions.
SOLAI Limited has furnished a Form 6-K to the U.S. SEC to share a press release announcing its unaudited financial results for the three months ended September 30, 2025. The attached press release is formally incorporated by reference into the company’s existing Form F-3 shelf registration statement.