STOCK TITAN

SOLAI Ltd (SLAI) founder-chairman buys 54,275 ADSs, holds 93.9% votes

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Amendment No. 4 to Schedule 13D for SOLAI Ltd updates the holdings of founder and chairman LAW Man San Vincent and his British Virgin Islands vehicles, Good Luck Capital Limited and Delite Limited. The securities covered include Class A and Class B Ordinary Shares and Class A and Class A II Preference Shares.

On July 16, 2026, Mr. Law, using funds from Good Luck’s working capital, purchased 54,275 ADSs of SOLAI in multiple open-market trades for $194,007.37, at a weighted average price of $3.5745 per ADS. Following these purchases, he beneficially owns 132,242 ADSs, which are included within his beneficial ownership of 178,142,363 Class A Ordinary Shares, representing 9.3% of the class on an as-converted basis and securities representing 93.9% of SOLAI’s total outstanding voting power. Each ADS currently represents 700 Class A Ordinary Shares.

Positive

  • None.

Negative

  • None.
ADSs purchased 54,275 ADSs Open market purchases on July 16, 2026 by Mr. Law
Total consideration $194,007.37 Aggregate price paid for 54,275 ADSs on July 16, 2026
Weighted average price $3.5745 per ADS Weighted average purchase price for ADSs bought July 16, 2026
ADS holdings after purchases 132,242 ADSs Mr. Law's beneficial ADS position after July 16, 2026 transactions
Class A Ordinary Shares beneficially owned 178,142,363 shares Class A Ordinary Shares beneficially owned by Mr. Law
Equity ownership percentage 9.3 % Percentage of the class beneficially owned on an as-converted basis
Voting power 93.9 % Voting power represented by securities beneficially owned by Mr. Law
ADS-to-share ratio 1 ADS to 700 Class A Ordinary Shares Current ADS ratio effective since July 6, 2026
Schedule 13D regulatory
"This Amendment No. 4 amends and supplements the statement on Schedule 13D jointly filed"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owns regulatory
"Mr. Law beneficially owns (i) 178,142,363 Class A Ordinary Shares composed of"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
American depositary shares financial
"Each of the Issuer's American depositary shares (the "ADSs," and each, an "ADS")"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
as-converted basis financial
"The percentage of the class of securities is calculated on an as-converted basis based on"
As-converted basis means counting securities that can become common stock—like convertible bonds or preferred shares—as if they already were common shares when calculating totals such as shares outstanding, ownership percentages, or per-share metrics. Investors use it to see the potential dilution and the “what-if” size of the shareholder base; it’s like imagining all restaurant coupons have been redeemed so you know how crowded the table could become and how slices of the pie would shrink.
voting power financial
"The voting power of the shares beneficially owned by Mr. Law represents 93.9% of the total outstanding voting power"
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What does the SOLAI Ltd (SLAI) Schedule 13D/A Amendment No. 4 report?

It reports updated beneficial ownership for founder-chairman LAW Man San Vincent and his entities, reflecting open-market purchases of 54,275 ADSs and total holdings equal to 178,142,363 Class A Ordinary Shares and securities representing 93.9% of SOLAI’s voting power.

How many SOLAI Ltd (SLAI) ADSs did LAW Man San Vincent buy on July 16, 2026?

On July 16, 2026, Mr. Law purchased 54,275 ADSs of SOLAI for total consideration of $194,007.37. The trades were executed in the open market at prices between $3.2831 and $3.8937, with a weighted average price of $3.5745 per ADS.

What is LAW Man San Vincent’s total SOLAI Ltd (SLAI) ownership and voting power?

Mr. Law beneficially owns 178,142,363 Class A Ordinary Shares, equal to 9.3% of the class on an as-converted basis. Including preference and Class B holdings, his securities together represent 93.9% of SOLAI’s total outstanding voting power across all share classes.

What is the current ADS-to-share ratio for SOLAI Ltd (SLAI)?

Each SOLAI American depositary share (ADS) currently represents 700 Class A Ordinary Shares. The filing notes that since July 6, 2026, the former ratio of 1 ADS to 100 Class A Ordinary Shares has been changed to the current 1:700 ratio.

What roles do Good Luck Capital and Delite play in SOLAI Ltd (SLAI) ownership?

Good Luck Capital and Delite are investment holding vehicles incorporated in the British Virgin Islands and 100% owned by Mr. Law. Good Luck holds Class A Ordinary, Class A Preference and Class A II Preference Shares, while Delite holds 6 Class B Ordinary Shares.

How many SOLAI Ltd (SLAI) shares does Ms. Ping Yuan beneficially own?

Ms. Ping Yuan, Mr. Law’s wife, beneficially owns 10,260,008 Ordinary Shares, consisting of 8 Class B Ordinary Shares and 102,600 ADSs held through Smart Mega Holdings Limited. Each of Mr. Law and Ms. Yuan disclaims beneficial ownership of the other’s holdings.

What is the outstanding share base underlying the percentages in the SOLAI Ltd (SLAI) filing?

Ownership percentages are calculated on an as-converted basis using 1,924,330,790 Class A Ordinary Shares, 65,000 Class A Preference Shares, 65,000 Class A II Preference Shares and 99 Class B Ordinary Shares issued and outstanding as of March 31, 2026.





055474100

(CUSIP Number)
LAW Man San Vincent
428 South Seiberling Street,
Akron, OH, 44306
852 2596-3028

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/16/2026

(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).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
*Mr. Law beneficially owns (i) 178,142,363 Class A Ordinary Shares composed of (a) 85,572,963 Class A Ordinary Shares owned by Good Luck as described below, and (b) 132,242 ADSs which represent 92,569,400 Class A Ordinary Shares owned by Mr. Law directly; (ii) 6 Class B Ordinary Shares, which are owned by Delite as described below; (iii) 65,000 Class A Preference Shares, which are owned by Good Luck as described below; and (iv) 65,000 Class A II Preference Shares, which are owned by Good Luck as described below. Since July 6, 2026, the former ADS ratio of 1 ADS to 100 Class A Ordinary Shares has been changed to the current ADS ratio of 1 ADS to 700 Class A Ordinary Shares. **The percentage of the class of securities is calculated on an as-converted basis based on 1,924,330,790 Class A Ordinary Shares, 65,000 Class A Preference Shares, 65,000 Class A II Preference Shares, and 99 Class B Ordinary Shares issued and outstanding as of March 31, 2026, assuming conversion of all Class A Preference Shares, Class A II Preference Shares, and Class B Ordinary Shares into Class A Ordinary Shares at a conversion rate of 1:1. ***The voting power of the shares beneficially owned by Mr. Law represents 93.9% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A Ordinary Shares, Class B Ordinary Shares, Class A Preference Shares and Class A II Preference Shares as a single class as of March 31, 2026. Each holder of Class A Ordinary Shares is entitled to one vote per share, each holder of Class B Ordinary Shares is entitled to ten votes per share, each holder of Class A Preference Shares is entitled to 10,000 votes per share, and each holder of Class A II Preference Shares is entitled to 400,000 votes per share as at the date of this Amendment No. 4 on all matters submitted to them for a vote. There is no Class A Ordinary Share to be issued to Mr. Law upon the exercise of options and or the vest of RSUs within 60 days of the date of this Amendment No. 4 granted to him under the 2021 Share Incentive Plan of the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
*Delite directly holds 6 Class B Ordinary Shares. Delite is 100% owned by Mr. Law. Mr. Law indirectly holds all voting and investment powers of Delite and its assets, and is the sole director of Delite. Pursuant to Section 13(d) of the Securities Exchange Act and the rules promulgated thereunder, Mr. Law may be deemed to beneficially own all of the Ordinary Shares held by Delite. **The percentage of the class of securities is calculated on an as-converted basis based on 1,924,330,790 Class A Ordinary Shares, 65,000 Class A Preference Shares, 65,000 Class A II Preference Shares, and 99 Class B Ordinary Shares issued and outstanding as of March 31, 2026, assuming conversion of all Class A Preference Shares, Class A II Preference Shares, and Class B Ordinary Shares into Class A Ordinary Shares at a conversion rate of 1:1. ***The voting power of the shares beneficially owned by Delite represents 0.0% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A Ordinary Shares, Class B Ordinary Shares, Class A Preference Shares and Class A II Preference Shares as a single class as of March 31, 2026. Each holder of Class A Ordinary Shares is entitled to one vote per share, each holder of Class B Ordinary Shares is entitled to ten votes per share, each holder of Class A Preference Shares is entitled to 10,000 votes per share, and each holder of Class A II Preference Shares is entitled to 400,000 votes per share as at the date of this Amendment No. 4 on all matters submitted to them for a vote. There is no Class A Ordinary Share to be issued to Mr. Law upon the exercise of options and or the vest of RSUs within 60 days of the date of this Amendment No. 4 granted to him under the 2021 Share Incentive Plan of the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
*Good Luck directly holds 85,572,963 Class A Ordinary Shares, 65,000 Class A Preference Shares, and 65,000 Class A II Preference Shares. Mr. Law is the sole shareholder of Good Luck. Mr. Law indirectly holds all voting and investment powers of Good Luck and its assets, and is the sole director of Good Luck. Pursuant to Section 13(d) of the Securities Exchange Act and the rules promulgated thereunder, Mr. Law may be deemed to beneficially own all of the Ordinary Shares and the Class A Preference Shares held by Good Luck. **The percentage of the class of securities is calculated on an as-converted basis based on 1,924,330,790 Class A Ordinary Shares, 65,000 Class A Preference Shares, 65,000 Class A II Preference Shares, and 99 Class B Ordinary Shares issued and outstanding as of March 31, 2026, assuming conversion of all Class A Preference Shares, Class A II Preference Shares, and Class B Ordinary Shares into Class A Ordinary Shares at a conversion rate of 1:1. *** The voting power of the shares beneficially owned represents 93.6% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A Ordinary Shares, Class B Ordinary Shares, Class A Preference Shares and Class A II Preference Shares as a single class as of March 31, 2026. Each holder of Class A Ordinary Shares is entitled to one vote per share, each holder of Class B Ordinary Shares is entitled to ten votes per share, each holder of Class A Preference Shares is entitled to 10,000 votes per share, and each holder of Class A II Preference Shares is entitled to 400,000 votes per share as at the date of this Amendment No. 4 on all matters submitted to them for a vote. There is no Class A Ordinary Share to be issued to Mr. Law upon the exercise of options and or the vest of RSUs within 60 days of the date of this Amendment No. 4 granted to him under the 2021 Share Incentive Plan of the Issuer.


SCHEDULE 13D


LAW Man San Vincent
Signature:/s/ LAW Man San Vincent
Name/Title:LAW Man San Vincent
Date:07/20/2026
Delite Limited
Signature:/s/ LAW Man San Vincent
Name/Title:LAW Man San Vincent/Director
Date:07/20/2026
Good Luck Capital Limited
Signature:/s/ LAW Man San Vincent
Name/Title:LAW Man San Vincent/Director
Date:07/20/2026