Yu Yang (WAFU) reports substantial indirect share ownership in Wah Fu Education Group

Rhea-AI Filing Summary

Wah Fu Education Group Ltd director and chairman Yu Yang has filed an initial ownership report showing significant indirect stakes in the company. The filing lists indirect ownership of 1,488,000 Class A Shares held through HFGFR INC., which is wholly owned by Yu Yang.

The report also shows indirect ownership of 244,032 Ordinary Shares held by HFGFR INC. through Silver Thousand International, which is 76.26% owned by HFGFR INC. This Form 3 discloses existing holdings rather than reporting new purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Yu Yang

Role Chairman of the BOD

Type	Security	Shares	Price	Value
holding	Class A Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Class A Shares — 1,488,000 shares (Indirect, By HFGFR INC.); Ordinary Shares — 244,032 shares (Indirect, By HFGFR INC. (through Silver Thousand International))

Footnotes (1)

1. HFGFR INC. is wholly owned by the reporting person. HFGFR INC. is wholly owned by the reporting person. The reported Ordinary Shares are held through Silver Thousand International, which is 76.26% owned by HFGFR INC.

Key Figures

Indirect Class A holdings: 1,488,000 Class A Shares Indirect Ordinary holdings: 244,032 Ordinary Shares Silver Thousand ownership by HFGFR: 76.26%

3 metrics

Indirect Class A holdings 1,488,000 Class A Shares Total shares indirectly owned via HFGFR INC.

Indirect Ordinary holdings 244,032 Ordinary Shares Total shares indirectly owned via HFGFR INC. through Silver Thousand International

Silver Thousand ownership by HFGFR 76.26% HFGFR INC.’s ownership stake in Silver Thousand International

Key Terms

Form 3, indirect ownership, beneficial owner, ten percent owner

4 terms

Form 3 regulatory

"This Form 3 discloses existing holdings rather than reporting new purchases or sales."

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.

indirect ownership financial

"The filing lists indirect ownership of 1,488,000 Class A Shares held through HFGFR INC."

beneficial owner financial

"making him the ultimate beneficial owner of this block."

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

ten percent owner regulatory

"The filing also notes he is a ten percent owner, reflecting the substantial indirect shareholdings reported."

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^*

Yu Yang

(Last) (First) (Middle)

L207B, HESHENG FORTUNE PLAZA

NO.13 DESHENGMENWAI STREET

(Street)

BEIJING 100088

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026

3. Issuer Name and Ticker or Trading Symbol
Wah Fu Education Group Ltd [ WAFU ]

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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the BOD

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 Shares	1,488,000	I	By HFGFR INC.(1)
Ordinary Shares	244,032	I	By HFGFR INC. (through Silver Thousand International)(2)

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:

1. HFGFR INC. is wholly owned by the reporting person.

2. HFGFR INC. is wholly owned by the reporting person. The reported Ordinary Shares are held through Silver Thousand International, which is 76.26% owned by HFGFR INC.

	/s/ Yang Yu	03/31/2026
	** 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 Yu Yang’s Form 3 filing show for Wah Fu Education Group (WAFU)?

The Form 3 shows Yu Yang’s existing indirect ownership in Wah Fu Education Group. It reports 1,488,000 Class A Shares held through HFGFR INC. and 244,032 Ordinary Shares held via Silver Thousand International, providing a baseline of his beneficial ownership position.

How many Class A Shares of WAFU does Yu Yang indirectly own?

Yu Yang is reported to indirectly own 1,488,000 Class A Shares of Wah Fu Education Group. These shares are held by HFGFR INC., which the footnotes state is wholly owned by Yu Yang, making him the ultimate beneficial owner of this block.

How are Yu Yang’s Ordinary Shares of WAFU held according to the Form 3?

The filing reports 244,032 Ordinary Shares held indirectly through HFGFR INC. and Silver Thousand International. HFGFR INC. is wholly owned by Yu Yang and owns 76.26% of Silver Thousand International, which in turn holds the reported Ordinary Shares for his indirect benefit.

Does the WAFU Form 3 indicate any recent insider buying or selling by Yu Yang?

The Form 3 does not report recent buying or selling activity. It lists holdings as “holding” entries with no transaction codes, indicating this is an initial disclosure of existing indirect ownership rather than a record of new market purchases or sales.

What roles does Yu Yang hold at Wah Fu Education Group (WAFU)?

Yu Yang is identified as both a director and an officer of Wah Fu Education Group, serving as Chairman of the Board of Directors. The filing also notes he is a ten percent owner, reflecting the substantial indirect shareholdings reported through entities he controls.

What entities are involved in Yu Yang’s indirect ownership of WAFU shares?

Yu Yang’s indirect ownership uses HFGFR INC. and Silver Thousand International. Footnotes state HFGFR INC. is wholly owned by him, and it owns 76.26% of Silver Thousand International, through which the 244,032 Ordinary Shares of Wah Fu Education Group are held on his behalf.