Liu Junling discloses major equity stake in 111, Inc. (YI) on Form 3

Rhea-AI Filing Summary

111, Inc. filed an initial ownership report showing director Liu Junling’s equity stake in the company. The filing lists direct ownership of 36,000,000 Class B shares and 1,454,886 Class A ADSs. It also discloses 343,080 Class A RSUs, each representing one Class A ordinary share, all of which have fully vested as of this Form 3 date.

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^*

Liu Junling

(Last) (First) (Middle)

10TH FLOOR, T1. YUZHONGXIN, NO. 268

YUBEI ROAD, PUDONG NEW AREA

(Street)

SHANGHAI 201204

(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
111, Inc. [ YI ]

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)
Shares (Class B)	36,000,000	D
ADSs (Class A)	1,454,886	D
RSUs (Class A)(1)	343,080	D

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. Each RSU represents a contingent right to receive one Class A ordinary share. As of the date of this Form 3, all such RSUs have fully vested.

	/s/ Junling Liu	03/18/2026
	** 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 Liu Junling’s Form 3 filing show for 111, Inc. (YI)?

The Form 3 shows Liu Junling’s existing ownership in 111, Inc., including Class B shares, Class A ADSs, and vested RSUs. It is an initial ownership report and does not represent new share purchases or sales.

How many Class B shares of 111, Inc. (YI) does Liu Junling hold?

Liu Junling is reported to directly hold 36,000,000 Class B shares of 111, Inc. These shares reflect a substantial ownership position and are disclosed as part of the initial beneficial ownership statement on Form 3.

What ADS holdings of 111, Inc. (YI) are reported for Liu Junling?

The filing lists 1,454,886 Class A ADSs directly owned by Liu Junling. These American Depositary Shares represent interests in the company’s Class A ordinary shares and form part of his disclosed equity position.

What RSU awards in 111, Inc. (YI) does Liu Junling hold and are they vested?

Liu Junling holds 343,080 RSUs tied to Class A ordinary shares. Each RSU represents a right to receive one Class A share, and the filing states that all of these RSUs have fully vested as of the Form 3 date.

Does Liu Junling’s Form 3 for 111, Inc. (YI) report any recent insider trades?

The Form 3 does not report recent buys or sells. It records existing holdings in Class B shares, Class A ADSs, and fully vested RSUs, serving as a baseline disclosure of Liu Junling’s beneficial ownership.