U Power (UCAR) director Xiaochun Li files initial insider Form 3

Rhea-AI Filing Summary

U Power Ltd director Xiaochun Li filed an initial Form 3, which is a required statement of beneficial ownership for insiders. This filing does not report any buy, sell, or other share transactions, and no holdings or derivative positions are listed for Li in the provided data.

Key Terms

Form 3, beneficial ownership, derivative positions

3 terms

Form 3 regulatory

"filed an initial Form 3, which is a required statement of beneficial ownership"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"an initial Form 3, which is a required statement of beneficial ownership for insiders"

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.

derivative positions financial

"no holdings or derivative positions are listed for Li in the provided data"

Derivative positions are contracts that derive their value from an underlying asset—such as a stock, bond, currency or commodity—and include instruments like options, futures and swaps. Think of them as bets or insurance tied to an asset’s future price: they let investors amplify returns, hedge risk or take exposure without owning the asset directly, which can meaningfully increase potential gains, losses and volatility in a portfolio.

Understanding Insider Trading Forms →

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^*

Xiaochun Li

(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
	Officer (give title below)		Other (specify below)

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)

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Xiaochun Li	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)

FAQ

What does the U Power Ltd (UCAR) Form 3 for Xiaochun Li show?

The Form 3 shows that director Xiaochun Li has filed an initial statement of beneficial ownership. The provided data includes no reported share transactions or listed holdings for Li at the time of this filing.

Are there any share purchases or sales in the UCAR Form 3 for Xiaochun Li?

No, the Form 3 data for Xiaochun Li shows zero buy, sell, acquire, or dispose transactions. The transaction summary indicates no reported activity in company securities in this filing.

Does Xiaochun Li hold any derivative securities of U Power Ltd in this Form 3?

The Form 3 derivative summary for Xiaochun Li is empty. This indicates no listed options, warrants, or other derivative positions for U Power Ltd associated with Li in the provided filing data.

What is the role of Xiaochun Li at U Power Ltd (UCAR) according to this Form 3?

According to the Form 3, Xiaochun Li is identified as a director of U Power Ltd. The filing flags Li as a director and not as an officer or ten percent owner in this disclosure.

Why is there a Form 3 filing for U Power Ltd director Xiaochun Li?

Form 3 is required when someone becomes an insider, such as a director, of a public company. The filing for Xiaochun Li provides the SEC with an initial record of their beneficial ownership status in U Power Ltd.