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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Xu Pei
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 3,662 shares (Indirect, By Worthy Health Limited Partnership)
Footnotes (2)
- F1. 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.
- F2. 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.
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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.
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.