Zhongchao (ZCMD) CFO discloses 3,662 Class A shares via partnership

Rhea-AI Filing Summary

Zhongchao Inc. director and Chief Financial Officer Pei Xu filed an initial Form 3 reporting indirect ownership of 3,662 Class A Ordinary Shares. These shares are held through Worthy Health Limited Partnership, a British Virgin Islands partnership in which Pei Xu is a limited partner via a controlled general partner entity.

The company has a dual-class structure where Class B Ordinary Shares are convertible into Class A on a one-for-one basis at the holder’s option. Each Class A Ordinary Share carries 1 vote, while each Class B Ordinary Share carries 1,000 votes, giving Class B holders significantly greater voting power.

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

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1. Name and Address of Reporting Person^*

Xu Pei

(Last) (First) (Middle)

CO ZHONGCHAO INC. RM 2504 OOCL PLZ

841 YAN'AN MID RD JING'AN DIST

(Street)

SHANGHAI 200040

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Zhongchao Inc. [ ZCMD ]

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
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

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(1)	3,662	I	By Worthy Health Limited Partnership(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. Class B Ordinary Shares are convertible into Class A Ordinary Shares at holders' option at any time on a one for one basis. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstance. Each Class A Ordinary Share entitles to 1 vote and each Class B Ordinary Share entitles to 1,000 votes.

2. Worthy Health Limited Partnership is a limited partnership incorporated under the laws of British Virgin Islands ("Worthy Health"), the general partner of which is More Successful Group Limited, a company limited by shares incorporated under the laws of the British Virgin Islands ("More Successful"), which is controlled by Pei Xu who acts as the sole director of More Successful. The general partner exercises the voting rights with respect to the shares held by Worthy Health. The general partner disclaims beneficial ownership of our shares except to the extent of its pecuniary interest in Worthy Health. As limited partners, Pei Xu, Xuejun Chen, Baoqian Tian, and Shuang Wu respectively own 11.4%, 23%, 6.67%, and 21.75% partnership interests of Worthy Health. The principal office address of Worthy Health is at Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, VG 1110, British Virgin Islands.

	/s/ Pei Xu	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 Zhongchao (ZCMD) CFO Pei Xu report on this Form 3?

The Form 3 reports that Zhongchao CFO and director Pei Xu indirectly owns 3,662 Class A Ordinary Shares. These shares are held through Worthy Health Limited Partnership, reflecting his initial reported beneficial ownership position in Zhongchao’s equity.

How are the 3,662 Zhongchao (ZCMD) shares held by Pei Xu structured?

The 3,662 Class A Ordinary Shares are reported as indirectly owned “By Worthy Health Limited Partnership.” Worthy Health is a British Virgin Islands limited partnership whose general partner entity is controlled by Pei Xu, and the partnership allocates interests among several limited partners.

What ownership interests exist within Worthy Health Limited Partnership related to Zhongchao (ZCMD)?

Footnotes state that limited partners of Worthy Health include Pei Xu, Xuejun Chen, Baoqian Tian, and Shuang Wu, holding approximately 11.4%, 23%, 6.67%, and 21.75% partnership interests respectively. The general partner exercises voting rights for shares held by Worthy Health.

How do Zhongchao (ZCMD) Class A and Class B Ordinary Shares differ?

Zhongchao’s Class B Ordinary Shares are convertible into Class A Ordinary Shares at the holder’s option on a one-for-one basis. Each Class A share has 1 vote, while each Class B share has 1,000 votes, creating a significant voting power difference.

Does the Zhongchao (ZCMD) Form 3 show any insider buying or selling?

The filing reflects a holding entry, not a new purchase or sale. It serves as an initial statement of beneficial ownership, listing 3,662 Class A Ordinary Shares indirectly held through Worthy Health, with no reported buy or sell transaction amounts.

Who controls voting rights for Zhongchao (ZCMD) shares held by Worthy Health?

According to the footnote, the general partner of Worthy Health, More Successful Group Limited, exercises the voting rights for shares held by Worthy Health. More Successful is controlled by Pei Xu, who serves as its sole director.