Zeff Capital, LP, Zeff Holding Company, LLC and Daniel Zeff report beneficial ownership of 511,175 shares of Trio-Tech International common stock, representing 5.9% of the class. The percentage is based on 4,350,555 shares outstanding as of November 1, 2025, as disclosed in Trio-Tech’s Form 10-Q and adjusted for a 2-for-1 forward stock split effective January 2, 2026, resulting in 8,701,110 shares outstanding.
After the split, both the reporting group’s holdings and the total shares outstanding doubled, leaving their ownership at the same 5.9% level. Zeff Capital, LP and Zeff Holding Company, LLC report shared voting and dispositive power over 503,916 shares, while Daniel Zeff holds an additional 7,259 shares with sole voting and dispositive power. The filers certify that the securities are not held for the purpose of changing or influencing control of Trio-Tech International.
What percentage of Trio-Tech International (TRT) does Zeff Capital report owning?
The reporting persons state they beneficially own 511,175 shares of Trio-Tech International common stock, representing 5.9% of the outstanding class.
How did Trio-Tech International's 2-for-1 stock split affect Zeff Capital's reported holdings?
Trio-Tech International announced a 2-for-1 forward stock split effective after the close on January 2, 2026, doubling both the reporting persons’ beneficially owned shares and the total outstanding shares, while keeping their ownership percentage at 5.9%.
How many Trio-Tech (TRT) shares are outstanding according to this Schedule 13G/A?
The filing calculates percentages using 4,350,555 shares outstanding as of November 1, 2025, adjusted for the 2-for-1 split to 8,701,110 shares of common stock outstanding.
Who are the reporting persons in this Trio-Tech International (TRT) Schedule 13G/A?
The reporting persons are Zeff Capital, LP, Zeff Holding Company, LLC, and Daniel Zeff, who have entered into a joint filing agreement regarding their Trio-Tech International holdings.
What voting and dispositive powers do the Zeff entities have over Trio-Tech (TRT) shares?
Zeff Capital, LP and Zeff Holding Company, LLC each report shared voting and dispositive power over 503,916 shares, while Daniel Zeff reports sole voting and dispositive power over 7,259 shares and shared power over 503,916 shares.
Are Zeff Capital and related parties seeking control of Trio-Tech International (TRT)?
The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of Trio-Tech International and are not held in connection with any such transaction, other than activities solely in connection with a nomination under Rule 240.14a-11.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Trio-Tech International
(Name of Issuer)
Common Stock
(Title of Class of Securities)
896712205
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
896712205
1
Names of Reporting Persons
Zeff Capital, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
503,916.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
503,916.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
511,175.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Related to item 11 of this page: Percentage calculated based on 4,350,555 shares of Common Stock outstanding as of November 1, 2025 as reported in the Form 10-Q for the fiscal quarter ended September 30, 2025 of Trio-Tech International and adjusted for a 2-for-1 forward stock split on January 2, 2026, resulting in 8,701,110 shares of Common Stock being outstanding.
On December 19, 2025, Trio-Tech International announced a 2-for-1 forward stock split, effective after the close of trading on January 2, 2026, with trading on a split-adjusted basis beginning January 5, 2026. Accordingly, both the number of shares of Common Stock beneficially owned by the Reporting Persons and the total number of outstanding shares of Common Stock have doubled.
SCHEDULE 13G
CUSIP No.
896712205
1
Names of Reporting Persons
Zeff Holding Company, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
503,916.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
503,916.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
511,175.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Related to item 11 of this page: Percentage calculated based on 4,350,555 shares of Common Stock outstanding as of November 1, 2025 as reported in the Form 10-Q for the fiscal quarter ended September 30, 2025 of Trio-Tech International and adjusted for a 2-for-1 forward stock split on January 2, 2026, resulting in 8,701,110 shares of Common Stock being outstanding.
On December 19, 2025, Trio-Tech International announced a 2-for-1 forward stock split, effective after the close of trading on January 2, 2026, with trading on a split-adjusted basis beginning January 5, 2026. Accordingly, both the number of shares of Common Stock beneficially owned by the Reporting Persons and the total number of outstanding shares of Common Stock have doubled.
SCHEDULE 13G
CUSIP No.
896712205
1
Names of Reporting Persons
Daniel Zeff
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
7,259.00
6
Shared Voting Power
503,916.00
7
Sole Dispositive Power
7,259.00
8
Shared Dispositive Power
503,916.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
511,175.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Related to item 11 of this page: Percentage calculated based on 4,350,555 shares of Common Stock outstanding as of November 1, 2025 as reported in the Form 10-Q for the fiscal quarter ended September 30, 2025 of Trio-Tech International and adjusted for a 2-for-1 forward stock split on January 2, 2026, resulting in 8,701,110 shares of Common Stock being outstanding.
On December 19, 2025, Trio-Tech International announced a 2-for-1 forward stock split, effective after the close of trading on January 2, 2026, with trading on a split-adjusted basis beginning January 5, 2026. Accordingly, both the number of shares of Common Stock beneficially owned by the Reporting Persons and the total number of outstanding shares of Common Stock have doubled.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Trio-Tech International
(b)
Address of issuer's principal executive offices:
Block 1008 Toa Payoh North, Unit 03-09, Singapore, U0 318996
Item 2.
(a)
Name of person filing:
Zeff Capital, LP
Zeff Holding Company, LLC
Daniel Zeff
Zeff Capital, LP, Zeff Holding Company, LLC and Daniel Zeff (the "Reporting Persons") have entered into a joint filing agreement, a copy of which is attached as Exhibit 1.
(b)
Address or principal business office or, if none, residence:
The address of the principal place of business and principal office of each of the Reporting Persons is: 405 Lexington Ave, 9th Floor, New York, NY 10174.
(c)
Citizenship:
Zeff Capital, LP and Zeff Holding Company, LLC are organized under the laws of the State of Delaware. Daniel Zeff is a United States citizen.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
896712205
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
Zeff Capital, LP
Signature:
Zeff Holding Company, LLC
Name/Title:
General Partner
Date:
01/21/2026
Zeff Holding Company, LLC
Signature:
Daniel Zeff
Name/Title:
Manager
Date:
01/21/2026
Daniel Zeff
Signature:
Daniel Zeff
Name/Title:
Individual
Date:
01/21/2026
Exhibit Information
Exhibit 1: Joint Filing Agreement (incorporated by reference to Exhibit 1 to the Amendment No. 1 to Schedule 13D filed by Zeff Capital, L.P., Zeff Holding Company, LLC and Daniel Zeff on August 23, 2018).
