U Power (UCAR) CFO and director Bingyi Zhao reports 12,245 indirect shares

Q: What does Bingyi Zhao’s Form 3 filing for UCAR disclose?

The Form 3 shows that U Power’s CFO and director, Bingyi Zhao , indirectly holds 12,245 Class A ordinary shares . The shares are reported as an initial ownership position rather than a new purchase or sale of UCAR stock.

Q: How many U Power (UCAR) shares does Bingyi Zhao indirectly hold?

The filing reports that 12,245 Class A ordinary shares of U Power Ltd are indirectly held for the benefit of Bingyi Zhao . This represents her reported initial beneficial ownership stake in UCAR as disclosed in the Form 3.

Q: How are Bingyi Zhao’s UCAR shares held according to the Form 3?

The Form 3 states that the 12,245 Class A ordinary shares are held by U Battery Limited , a British Virgin Islands company. The footnote explains U Battery Limited is 100% owned by Ms. Zhao , making this an indirect ownership.

Q: Is Bingyi Zhao’s Form 3 for UCAR a buy or sell transaction?

The Form 3 is an initial ownership report and does not show a buy or sell transaction. It records that 12,245 Class A ordinary shares are indirectly owned, reflecting Zhao’s starting beneficial position rather than a recent trade.

Q: What role does Bingyi Zhao hold at U Power Ltd (UCAR)?

The filing identifies Bingyi Zhao as both a director and the Chief Financial Officer of U Power Ltd. Her reported indirect ownership of 12,245 Class A ordinary shares is disclosed in connection with these insider roles.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

U Power Ltd director and Chief Financial Officer Bingyi Zhao filed an initial ownership report showing indirect holdings of 12,245 Class A ordinary shares. These shares are held by U Battery Limited, a British Virgin Islands company that is 100% owned by Ms. Zhao.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bingyi Zhao

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 12,245 shares (Indirect, By U Battery Limited)

Footnotes (1)

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Key Figures

Indirect holdings: 12,245 Class A ordinary shares Holding entries: 1 entry

2 metrics

Indirect holdings 12,245 Class A ordinary shares Initial beneficial ownership reported on Form 3

Holding entries 1 entry Single holding line for Class A ordinary shares

Key Terms

Class A ordinary shares, indirect, beneficial ownership

3 terms

Class A ordinary shares financial

"Represents 12,245 Class A ordinary shares held by U Battery Limited"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

indirect financial

"direct_or_indirect: I, ownership_type: indirect, nature_of_ownership: By U Battery Limited"

beneficial ownership financial

"a British Virgin Islands company which is 100% owned by Ms. Bingyi Zhao"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Understanding Insider Trading Forms →

05/20/2026 - 04:11 PM

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^*

Bingyi Zhao

(Last)

(First)

(Middle)

2F, ZUOAN 88 A, LUJIAZUI

(Street)

SHANGHAI

200122

(City)

(State)

(Zip)

CHINA

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
U Power Ltd [ UCAR ]

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
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

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)
Class A ordinary shares	12,245	I	By U Battery Limited⁽¹⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

1. Represents 12,245 Class A ordinary shares held by U Battery Limited, a British Virgin Islands company which is 100% owned by Ms. Bingyi Zhao.

	/s/ Bingyi Zhao	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What does Bingyi Zhao’s Form 3 filing for UCAR disclose?

The Form 3 shows that U Power’s CFO and director, Bingyi Zhao, indirectly holds 12,245 Class A ordinary shares. The shares are reported as an initial ownership position rather than a new purchase or sale of UCAR stock.

How many U Power (UCAR) shares does Bingyi Zhao indirectly hold?

The filing reports that 12,245 Class A ordinary shares of U Power Ltd are indirectly held for the benefit of Bingyi Zhao. This represents her reported initial beneficial ownership stake in UCAR as disclosed in the Form 3.

How are Bingyi Zhao’s UCAR shares held according to the Form 3?

The Form 3 states that the 12,245 Class A ordinary shares are held by U Battery Limited, a British Virgin Islands company. The footnote explains U Battery Limited is 100% owned by Ms. Zhao, making this an indirect ownership.

Is Bingyi Zhao’s Form 3 for UCAR a buy or sell transaction?

The Form 3 is an initial ownership report and does not show a buy or sell transaction. It records that 12,245 Class A ordinary shares are indirectly owned, reflecting Zhao’s starting beneficial position rather than a recent trade.

What role does Bingyi Zhao hold at U Power Ltd (UCAR)?

The filing identifies Bingyi Zhao as both a director and the Chief Financial Officer of U Power Ltd. Her reported indirect ownership of 12,245 Class A ordinary shares is disclosed in connection with these insider roles.