XCH director Ding Rui reports major shareholdings
XCH Ltd director Ding Rui has filed an initial statement of ownership.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
XCH Ltd director Ding Rui has filed an initial statement of ownership. The filing shows direct holdings of 444,837,415 Class B Ordinary Shares and 187,541,724 Class A Ordinary Shares. Each Class B share is convertible into one Class A share at any time at the holder’s option and automatically converts to Class A on transfers to non-affiliates, while Class A shares cannot convert into Class B.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class B Ordinary Shares | -- | -- | -- |
| Holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. Each Class B Ordinary Share of the Issuer, par value US$0.00001 per share (each, a "Class B Ordinary Share"), is convertible into one Class A Ordinary Share of the Issuer, par value US$0.00001 per share (each, a "Class A Ordinary Share"), at any time at the option of the holder thereof and have no expiration date. Upon any sale, transfer, assignment or disposition of Class B Ordinary Shares by the holder thereof to any person which is not an affiliate of such holder, or upon a change of beneficial ownership of any Class B Ordinary Shares as a result of which any person who is not an affiliate of the holder of such Class B Ordinary Shares becomes a beneficial owner of such Class B Ordinary Shares, such Class B Ordinary Shares shall be automatically and immediately converted into an equal number of Class A Ordinary Shares. The Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances.
FAQ
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What did XCH (XCH Ltd) director Ding Rui report in this Form 3?
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