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[6-K] U-BX Technology Ltd. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

On 07/21/2025, HCI Group (HCI) director Gregory Politis filed a Form 4 disclosing the grant of 750 restricted common shares under the company’s 2012 Omnibus Incentive Plan. The shares carry no purchase cost and will vest on 05/22/2026.

After the award, Politis reports beneficial ownership of 213,132 directly-held shares, 200,000 shares held jointly with his spouse, and the new 750 restricted shares, totalling roughly 413,882 shares. The incremental award is less than 0.2 % of his existing stake, signalling ongoing alignment but limited economic impact. No sales were reported.

Il 21/07/2025, il direttore di HCI Group (HCI), Gregory Politis, ha presentato un Modulo 4 per comunicare la concessione di 750 azioni ordinarie vincolate nell'ambito del Piano Incentivi Omnibus 2012 della società. Le azioni non comportano alcun costo di acquisto e matureranno il 22/05/2026.

Dopo l’assegnazione, Politis dichiara la titolarità effettiva di 213.132 azioni detenute direttamente, 200.000 azioni detenute congiuntamente con la moglie e le nuove 750 azioni vincolate, per un totale di circa 413.882 azioni. Il premio incrementale rappresenta meno dello 0,2% della sua partecipazione attuale, indicando un allineamento continuo ma un impatto economico limitato. Non sono state segnalate vendite.

El 21/07/2025, el director de HCI Group (HCI), Gregory Politis, presentó un Formulario 4 para revelar la concesión de 750 acciones comunes restringidas bajo el Plan de Incentivos Omnibus 2012 de la compañía. Las acciones no tienen costo de compra y se consolidarán el 22/05/2026.

Tras la adjudicación, Politis reporta la propiedad beneficiosa de 213,132 acciones en propiedad directa, 200,000 acciones en copropiedad con su esposa y las nuevas 750 acciones restringidas, sumando aproximadamente 413,882 acciones. La asignación incremental es menor al 0,2% de su participación actual, señalando una alineación continua pero con impacto económico limitado. No se reportaron ventas.

2025년 7월 21일, HCI 그룹(HCI) 이사 Gregory Politis가 회사의 2012년 종합 인센티브 계획에 따라 750주의 제한된 보통주 부여를 공개하는 Form 4를 제출했습니다. 해당 주식은 구매 비용이 없으며 2026년 5월 22일에 완전 취득됩니다.

수여 후 Politis는 직접 보유한 213,132주, 배우자와 공동 보유한 200,000주, 그리고 새로 부여된 750주의 제한 주식를 포함해 총 약 413,882주를 실질적으로 소유하고 있다고 보고했습니다. 이번 추가 부여는 기존 지분의 0.2% 미만으로, 지속적인 정렬을 나타내지만 경제적 영향은 제한적입니다. 매도 보고는 없었습니다.

Le 21/07/2025, Gregory Politis, directeur du groupe HCI (HCI), a déposé un formulaire 4 révélant l’attribution de 750 actions ordinaires restreintes dans le cadre du Plan d’Incitation Omnibus 2012 de la société. Ces actions ne comportent aucun coût d’achat et seront acquises le 22/05/2026.

Après cette attribution, Politis déclare la propriété bénéficiaire de 213 132 actions détenues directement, 200 000 actions détenues conjointement avec son épouse, et les 750 nouvelles actions restreintes, soit un total d’environ 413 882 actions. Cette attribution supplémentaire représente moins de 0,2 % de sa participation actuelle, indiquant un alignement continu mais un impact économique limité. Aucune vente n’a été rapportée.

Am 21.07.2025 reichte Gregory Politis, Direktor der HCI Group (HCI), ein Formular 4 ein, in dem die Gewährung von 750 eingeschränkten Stammaktien im Rahmen des Omnibus-Anreizplans 2012 des Unternehmens offengelegt wurde. Die Aktien sind kostenfrei und werden am 22.05.2026 unverfallbar.

Nach der Zuteilung berichtet Politis über den wirtschaftlichen Besitz von 213.132 direkt gehaltenen Aktien, 200.000 Aktien, die er gemeinsam mit seiner Ehefrau hält, und den neuen 750 eingeschränkten Aktien, insgesamt etwa 413.882 Aktien. Die zusätzliche Zuteilung macht weniger als 0,2 % seines bestehenden Anteils aus, was auf eine fortlaufende Ausrichtung bei begrenzter wirtschaftlicher Auswirkung hinweist. Verkäufe wurden nicht gemeldet.

Positive
  • Director acquired additional equity, reinforcing insider–shareholder alignment through a time-based restricted stock award.
Negative
  • None.

Insights

TL;DR: Small insider award; signal positive but immaterial to valuation.

The 750-share restricted stock grant to Director Politis marginally increases insider ownership, reinforcing governance alignment. However, compared with his 400k+ share position and HCI’s 10 MM+ shares outstanding, the award is economically negligible. It neither changes float nor suggests a directional view on near-term fundamentals, so I view the filing as neutral for the stock.

TL;DR: Routine equity compensation; supports alignment, no governance red flags.

The grant was made under the long-standing 2012 Omnibus Incentive Plan, follows standard vesting (≈10 months), and was properly reported within two days. Transparency and timing meet Section 16 requirements. Because the award size is small and there are no accompanying sales, governance implications are benign. Impact on shareholder rights or control is non-material.

Il 21/07/2025, il direttore di HCI Group (HCI), Gregory Politis, ha presentato un Modulo 4 per comunicare la concessione di 750 azioni ordinarie vincolate nell'ambito del Piano Incentivi Omnibus 2012 della società. Le azioni non comportano alcun costo di acquisto e matureranno il 22/05/2026.

Dopo l’assegnazione, Politis dichiara la titolarità effettiva di 213.132 azioni detenute direttamente, 200.000 azioni detenute congiuntamente con la moglie e le nuove 750 azioni vincolate, per un totale di circa 413.882 azioni. Il premio incrementale rappresenta meno dello 0,2% della sua partecipazione attuale, indicando un allineamento continuo ma un impatto economico limitato. Non sono state segnalate vendite.

El 21/07/2025, el director de HCI Group (HCI), Gregory Politis, presentó un Formulario 4 para revelar la concesión de 750 acciones comunes restringidas bajo el Plan de Incentivos Omnibus 2012 de la compañía. Las acciones no tienen costo de compra y se consolidarán el 22/05/2026.

Tras la adjudicación, Politis reporta la propiedad beneficiosa de 213,132 acciones en propiedad directa, 200,000 acciones en copropiedad con su esposa y las nuevas 750 acciones restringidas, sumando aproximadamente 413,882 acciones. La asignación incremental es menor al 0,2% de su participación actual, señalando una alineación continua pero con impacto económico limitado. No se reportaron ventas.

2025년 7월 21일, HCI 그룹(HCI) 이사 Gregory Politis가 회사의 2012년 종합 인센티브 계획에 따라 750주의 제한된 보통주 부여를 공개하는 Form 4를 제출했습니다. 해당 주식은 구매 비용이 없으며 2026년 5월 22일에 완전 취득됩니다.

수여 후 Politis는 직접 보유한 213,132주, 배우자와 공동 보유한 200,000주, 그리고 새로 부여된 750주의 제한 주식를 포함해 총 약 413,882주를 실질적으로 소유하고 있다고 보고했습니다. 이번 추가 부여는 기존 지분의 0.2% 미만으로, 지속적인 정렬을 나타내지만 경제적 영향은 제한적입니다. 매도 보고는 없었습니다.

Le 21/07/2025, Gregory Politis, directeur du groupe HCI (HCI), a déposé un formulaire 4 révélant l’attribution de 750 actions ordinaires restreintes dans le cadre du Plan d’Incitation Omnibus 2012 de la société. Ces actions ne comportent aucun coût d’achat et seront acquises le 22/05/2026.

Après cette attribution, Politis déclare la propriété bénéficiaire de 213 132 actions détenues directement, 200 000 actions détenues conjointement avec son épouse, et les 750 nouvelles actions restreintes, soit un total d’environ 413 882 actions. Cette attribution supplémentaire représente moins de 0,2 % de sa participation actuelle, indiquant un alignement continu mais un impact économique limité. Aucune vente n’a été rapportée.

Am 21.07.2025 reichte Gregory Politis, Direktor der HCI Group (HCI), ein Formular 4 ein, in dem die Gewährung von 750 eingeschränkten Stammaktien im Rahmen des Omnibus-Anreizplans 2012 des Unternehmens offengelegt wurde. Die Aktien sind kostenfrei und werden am 22.05.2026 unverfallbar.

Nach der Zuteilung berichtet Politis über den wirtschaftlichen Besitz von 213.132 direkt gehaltenen Aktien, 200.000 Aktien, die er gemeinsam mit seiner Ehefrau hält, und den neuen 750 eingeschränkten Aktien, insgesamt etwa 413.882 Aktien. Die zusätzliche Zuteilung macht weniger als 0,2 % seines bestehenden Anteils aus, was auf eine fortlaufende Ausrichtung bei begrenzter wirtschaftlicher Auswirkung hinweist. Verkäufe wurden nicht gemeldet.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2025

 

Commission File Number: 001-41987

 

U-BX Technology Ltd.

 

Zhongguan Science and Technology Park
No. 1 Linkong Er Road, Shunyi District, Beijing
People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒          Form 40-F ☐ 

 

 

 

 

 

 

On July 21, 2025, Mr. Enze Liang tendered his resignation as a director and the Chair of Audit Committee, a member of Nominating and Corporate Governance Committee and a member of Compensation Committee of U-BX Technology Ltd. (the “Company”), effective July 21, 2025. Mr. Enze Liang’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures.

 

On July 21, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee of the Company, Mr. Xu Xie was appointed as a director and the Chair of Audit Committee, a member of Nominating and Corporate Governance Committee and a member of Compensation Committee, effective July 21, 2025.

 

The biographical information of Mr. Xu Xie is set forth below:

 

Mr. Xu Xie is a finance professional with over a decade of experience in financial management, accounting, and U.S. GAAP compliance. He holds a Bachelor of Economics in Finance from Beijing Normal University. He began his career at Xinghe Du’an Technology (Beijing) Co., Ltd. as a financial settlement specialist and supervisor from 2012 to 2014. He then held senior roles at Yimax (Beijing) Business Consulting Co., Ltd. and Beijing Yimeier Medical Cosmetic Hospital Co., Ltd., where he oversaw financial operations, budgeting, and tax management. In 2019, Mr. Xu became the Chief Financial Officer of Beijing Quanxing Space-Time Technology Co., Ltd., where he led the establishment of the finance department and supported the company’s U.S. IPO preparation with GAAP-compliant reporting and audit coordination. Since 2020, he has been an entrepreneur and external financial consultant, advising multiple companies on U.S. GAAP compliance, audit readiness, and financial reporting improvements. 

 

Mr. Xu Xie does not have a family relationship with any director or executive officer of the Company. He has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.

 

The Board has determined that Xu Xie is independent, pursuant to the definition of independence under Rule 5605(a)(2) of the Nasdaq Listing Rules, based on an evaluation of the relationships between the Company and Xu Xie. The Board has further determined that Xu Xie qualifies as an “audit committee financial expert” under Item 407(d)(5) of Regulation S-K of the Securities Exchange Act of 1934, as amended, and satisfies the financial sophistication requirements of Rule 5605(c)(2)(A) of the Nasdaq Listing Rules, based on his education, experience, and professional background.

 

Pursuant to the director offer letter by and between the Company and Mr. Xu Xie, dated July 21, 2025, (the “Director Offer Letter with Xu Xie”), the term shall continue until his successor is duly elected and qualified. The Board of Directors may terminate the position as a director for any or no reason. The position shall be up for re-appointment every year by the Board of Directors of the Company. Mr. Xu Xie is entitled to compensation of CN¥50,000 (equal to approximately US$6,971) for each calendar year, payable on a quarterly basis. The offer letter is qualified in its entirety by reference to the complete text of the letter, which is filed hereto as Exhibit 10.1. 

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Director Offer Letter with Xu Xie, dated July 21, 2025

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  U-BX Technology Ltd.
     
Date: July 23, 2025 By: /s/ Jian Chen
  Name:  Jian Chen
  Title: Chief Executive Officer

 

 

3

 

 

 

FAQ

What did HCI director Gregory Politis acquire?

He received 750 restricted common shares on 07/21/2025 under the 2012 Omnibus Incentive Plan.

When will the restricted HCI shares vest?

The shares are scheduled to vest on 05/22/2026.

How many HCI shares does Politis now own?

Post-transaction he reports approximately 413,882 shares (213,132 direct, 200,000 joint, 750 new restricted).

Was there any sale of HCI shares in this filing?

No. The Form 4 records only an acquisition; no dispositions were reported.

Is the transaction size material to HCI’s share count?

No. 750 shares is an immaterial amount relative to HCI’s public float.
U-BX Technology Ltd.

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