Top KingWin (WAI) director Mao Dongliang discloses initial holdings

Rhea-AI Filing Summary

Top KingWin Ltd director Mao Dongliang filed an initial Form 3 reporting his beneficial ownership of the company’s Class A Ordinary Shares.

The filing shows indirect ownership of 154 shares through Mao Dongliang Holding Co., Ltd and direct ownership of 8,801 shares, with no reported buy or sell transactions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mao Dongliang

Role null

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

Holdings After Transaction: Class A Ordinary Shares — 8,801 shares (Direct, null); Class A Ordinary Shares — 154 shares (Indirect, By Mao Dongliang Holding Co., Ltd)

Footnotes (1)

Key Figures

Direct holdings: 8,801 shares Indirect holdings: 154 shares Holding entries: 2 entries +1 more

4 metrics

Direct holdings 8,801 shares Class A Ordinary Shares held directly after reported holdings

Indirect holdings 154 shares Class A Ordinary Shares held indirectly via Mao Dongliang Holding Co., Ltd

Holding entries 2 entries Two holding records, one direct and one indirect, reported

Net buy/sell direction neutral transactionSummary shows no net buying or selling activity

Key Terms

Class A Ordinary Shares, indirect ownership, direct ownership, beneficial ownership

4 terms

Class A Ordinary Shares financial

"security_title: "Class A Ordinary Shares" appears for both holdings"

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 ownership financial

"ownership_type: "indirect" with nature_of_ownership "By Mao Dongliang Holding Co., Ltd""

direct ownership financial

"ownership_type: "direct" for 8,801 Class A Ordinary Shares held personally"

beneficial ownership financial

"Form 3 summarizes the reporting person’s beneficial ownership of issuer equity"

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 →

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^*

Mao Dongliang

(Last) (First) (Middle)

ROOM 1304, BUILDING 25, 555 N.PANYU AVE.

TIAN'AN HEADQUARTERS CENTER, DONGHUAN ST

(Street)

GUANGZHOU GUANGDONG 511400

(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
Top KingWin Ltd [ WAI ]

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)
Class A Ordinary Shares	8,801	D
Class A Ordinary Shares	154	I	By Mao Dongliang Holding Co., Ltd

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:

	/s/ Dongliang Mao	05/15/2026
	** 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 Mao Dongliang’s Form 3 for Top KingWin (WAI) report?

The Form 3 reports initial beneficial ownership of Top KingWin Ltd Class A Ordinary Shares. It lists 8,801 shares held directly and 154 shares held indirectly through Mao Dongliang Holding Co., Ltd, with no buy or sell transactions indicated.

How many Top KingWin (WAI) shares does Mao Dongliang hold directly and indirectly?

The filing shows Mao Dongliang directly holds 8,801 Class A Ordinary Shares of Top KingWin Ltd. He also has 154 shares held indirectly through Mao Dongliang Holding Co., Ltd, reflecting both personal and entity-based ownership positions.

Did Mao Dongliang buy or sell Top KingWin (WAI) shares in this Form 3?

No buy or sell activity is reported. The Form 3 only discloses existing holdings of Class A Ordinary Shares, with transaction codes and directions marked as unknown and the entries categorized as holding records rather than new purchases or sales.

What type of security is reported in Mao Dongliang’s Top KingWin (WAI) Form 3?

The Form 3 covers Class A Ordinary Shares of Top KingWin Ltd. Both direct and indirect positions are reported in this single security class, giving investors a snapshot of the director’s equity stake in the company at the reporting date.

How is indirect ownership reported for Mao Dongliang in Top KingWin (WAI)?

Indirect ownership is reported as 154 Class A Ordinary Shares held "By Mao Dongliang Holding Co., Ltd." This indicates the shares are owned through an affiliated entity rather than personally, while still being attributed as beneficially owned in the Form 3.