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Vipshop Holdings Limited disclosures show two reporting persons hold material stakes in the company. High Vivacity Holdings Limited directly holds 8,707,142 Class A ordinary shares, representing 8.8% of the class. Arthur Xiaobo Hong is reported to beneficially own 11,202,794 Class A ordinary shares (including the shares held by High Vivacity), representing 11.1% of the class. The filing states Hong can direct the trustee of the Nasa Stand Trust with respect to the 8,707,142 shares and includes shares Hong may acquire within 60 days. Percentages are calculated on a total of 98,625,072 issued and outstanding ordinary shares (83,064,714 Class A and 15,560,358 Class B).