[SCHEDULE 13G] Yuanbao Inc. American SEC Filing

Rhea-AI Filing Summary

Franchise GP Ltd reports beneficial ownership of 14,362,929 Class A ordinary shares of Yuanbao Inc., representing 7.6% of the outstanding Class A shares. The filer states it holds sole voting and sole dispositive power over these shares and confirms the holdings were not acquired to change or influence control of the issuer. The statement identifies the reporting person as organized in the Cayman Islands and lists the issuers principal executive offices in Beijing. No additional transactions, arrangements, or group affiliations are disclosed.

Positive

• Material disclosure of beneficial ownership: 14,362,929 shares (7.6%)
• Sole voting and dispositive power reported, providing clarity on control of the shares
• Filer certifies the position is not intended to change or influence issuer control

Negative

• None.

Insights

Financial Analyst

TL;DR: A Cayman Islands entity holds a disclosed 7.6% stake with full voting and dispositive power, a material passive ownership disclosure.

The filing shows Franchise GP Ltd beneficially owns 14,362,929 Class A shares and reports sole voting and dispositive authority. This level of ownership exceeds typical 5% disclosure thresholds, making it material for shareholder registers and potential market attention. The filer certifies the stake is not held to change control and does not report shared ownership or group affiliation. There are no accompanying transaction details or plans disclosed.

Corporate Governance Expert

TL;DR: Governance disclosure is straightforward: a single holder reports sole control of a >5% position and affirms lack of control intent.

The Schedule 13G classification implies a passive investor filing rather than an activist Schedule 13D. The document specifies sole voting and dispositive power, which centralizes influence in Franchise GP Ltd. The certification that the shares are not held to influence control is standard for this filing type. No related-party, group, or subsidiary relationships are identified in the filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Yuanbao Inc.

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

987910106

(CUSIP Number)

08/13/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 987910106

1

Names of Reporting Persons

Franchise GP Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,362,929.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 14,362,929.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,362,929.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Yuanbao Inc.
(b)	Address of issuer's principal executive offices: BUILDING 2, NO.8 BEICHEN WEST ROAD, CHAOYANG DISTRICT, BEIJING, CHINA, 100101.
Item 2.
(a)	Name of person filing: Franchise GP Ltd
(b)	Address or principal business office or, if none, residence: Maples Corporate Services Limited of PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
(c)	Citizenship: Cayman Islands
(d)	Title of class of securities: Class A ordinary shares, par value US$0.0001 per share
(e)	CUSIP No.: 987910106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 14,362,929
(b)	Percent of class: 7.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 14,362,929
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 14,362,929
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Franchise GP Ltd

Signature:	Shihong Wang
Name/Title:	Shihong Wang
Date:	09/03/2025

FAQ

How many Yuanbao Inc. (YB) Class A shares does Franchise GP Ltd report owning?

Franchise GP Ltd reports beneficial ownership of 14,362,929 Class A ordinary shares.

What percentage of YB's Class A shares does this represent?

The reported ownership represents 7.6% of the Class A ordinary shares.

Does Franchise GP Ltd have voting control over the shares?

Yes. The filing states Franchise GP Ltd has sole voting power and sole dispositive power over the reported shares.

Is this filing a Schedule 13G or 13D and what does that imply?

The document is filed as a Schedule 13G, indicating the filer characterizes the position as a passive investment rather than an intent to influence control.

Is Franchise GP Ltd identified as part of a group or as holding shares on behalf of another person?

No. The filing indicates no group affiliation and states ownership on behalf of another person is Not Applicable.