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Jin Medical CEO stake falls to 3.35%; voting power tops 96%

After issuance, Erqi Wang’s reported beneficial ownership was approximately 3.35%, while his aggregate voting power was approximately 96.15%.

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(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Jin Medical International Ltd. completed issuance of 79,762,048 Class A Ordinary Shares to certain third parties on September 24, 2026, in connection with an acquisition transaction and related financial advisory compensation. The issuance diluted Jin Medical Chief Executive Officer and Chairman Erqi Wang’s beneficial ownership from approximately 6.77% to 3.35% and aggregate voting power from approximately 98.12% to 96.15%; Jolly Harmony Enterprises Limited’s beneficial ownership fell from approximately 6.08% to 3.01%. Neither reporting person acquired or disposed of shares. Wang may be deemed to beneficially own 5,306,307 shares, comprising 4,769,057 Class B shares held by Jolly Harmony and 537,250 Class A shares held by Er Pu International Limited; the Class B shares are convertible one-for-one into Class A shares. Both Wang and Jolly Harmony ceased to be beneficial owners of more than 5% of the Class A shares on September 24, 2026.

Positive

  • None.

Negative

  • None.

Filing Explained

The filing attributes Wang’s reported 96.15% voting power, alongside 3.35% beneficial ownership, to his 4,769,057 Class B shares, each carrying 800 votes; each Class A share carries one vote.

Class A Ordinary Shares Issued 79,762,048 shares Issued to certain third parties on September 24, 2026
Class A Ordinary Shares Outstanding 153,425,476 shares As of September 24, 2026
Shares Beneficially Owned by Erqi Wang 5,306,307 shares Beneficial ownership after the issuance
Erqi Wang Beneficial Ownership Approximately 3.35% After the September 24, 2026 issuance
Erqi Wang Beneficial Ownership Approximately 6.77% Before the September 24, 2026 issuance
Jolly Harmony Beneficial Ownership Approximately 3.01% After the September 24, 2026 issuance
Erqi Wang Aggregate Voting Power Approximately 96.15% After the September 24, 2026 issuance
Erqi Wang Aggregate Voting Power Approximately 98.12% Before the September 24, 2026 issuance
beneficial ownership regulatory
"Mr. Wang’s beneficial ownership was diluted from approximately 6.77% to approximately 3.35%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
deemed outstanding regulatory
"4,769,057 Class A Ordinary Shares deemed outstanding with respect to Mr. Wang"
aggregate voting power regulatory
"Mr. Wang’s aggregate voting power was diluted from approximately 98.12% to approximately 96.15%"
Joint Filing Agreement regulatory
"The Reporting Persons are parties to the Joint Filing Agreement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did ZJYL issue on September 24, 2026?

Jin Medical International Ltd. issued 79,762,048 Class A Ordinary Shares to certain third parties in connection with an acquisition transaction and related financial advisory compensation.

How many ZJYL shares did Erqi Wang beneficially own after the issuance?

Erqi Wang may be deemed to beneficially own 5,306,307 shares, or approximately 3.35%. That amount consists of 4,769,057 Class B shares held by Jolly Harmony Enterprises Limited and 537,250 Class A shares held by Er Pu International Limited; the Class B shares are convertible one-for-one into Class A shares.

Did Erqi Wang remain a more-than-5% owner of ZJYL?

Erqi Wang and Jolly Harmony Enterprises Limited ceased to be beneficial owners of more than 5% of ZJYL’s outstanding Class A Ordinary Shares on September 24, 2026. The amendment is identified as the final amendment and an exit filing for both reporting persons.

How do ZJYL’s Class A and Class B shares vote?

Each Class A Ordinary Share carries one vote, while each Class B Ordinary Share carries 800 votes. The classes vote together as a single class on matters submitted to shareholders, except as may otherwise be required by law or the company’s memorandum and articles of association.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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G5140V120

(CUSIP Number)
Erqi Wang
No. 33 Lingxiang Road, Wujin District, Changzhou City
Jiangsu Province, F4, 213149
86-519 89607972

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/24/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 7, 9 and 11 -- The aggregate amount beneficially owned by Mr. Erqi Wang represents (i) 4,769,057 Class B Ordinary Shares held directly of record by Jolly Harmony Enterprises Limited and (ii) 537,250 Class A Ordinary Shares held directly of record by Er Pu International Limited. Mr. Wang is the sole member and sole director of Jolly Harmony Enterprises Limited. Mr. Wang owns 67% of the equity interests in Er Pu International Limited and, as a result of such ownership and his control over Er Pu International Limited, has the power to direct the voting and disposition of the shares held by Er Pu International Limited. Accordingly, Mr. Wang may be deemed to beneficially own all 4,769,057 Class B Ordinary Shares held by Jolly Harmony Enterprises Limited and all 537,250 Class A Ordinary Shares held by Er Pu International Limited. Each Class B Ordinary Share is entitled to eight hundred (800) votes per share, and each Class A Ordinary Share is entitled to one (1) vote per share. Row 13 -- Calculated based on 153,425,476 Class A Ordinary Shares issued and outstanding as of September 24, 2026, as reflected in the shareholders list maintained by the Issuer's transfer agent, plus 4,769,057 Class A Ordinary Shares deemed outstanding with respect to Mr. Wang pursuant to Rule 13d-3(d)(1)(i) as a result of Jolly Harmony's right to convert its 4,769,057 Class B Ordinary Shares into Class A Ordinary Shares. On this basis, Mr. Wang may be deemed to beneficially own 5,306,307 Class A Ordinary Shares, representing approximately 3.35% of the Class A Ordinary Shares deemed outstanding for purposes of calculating Mr. Wang's beneficial ownership.


SCHEDULE 13D




Comment for Type of Reporting Person:
The reported securities consist of 4,769,057 Class B Ordinary Shares held directly by Jolly Harmony and deemed converted into Class A Ordinary Shares solely for purposes of Rule 13d-3(d)(1)(i). Each Class B Ordinary Share is convertible into one Class A Ordinary Share at the option of its holder. The percentage is calculated using 153,425,476 Class A Ordinary Shares outstanding as of September 24, 2026, plus 4,769,057 Class B Ordinary Shares deemed converted solely for this calculation.


SCHEDULE 13D


Erqi Wang
Signature:/s/ Erqi Wang
Name/Title:Erqi Wang
Date:09/25/2026
JOLLY HARMONY ENTERPRISES Ltd
Signature:/s/ Erqi Wang
Name/Title:Erqi Wang, Director
Date:09/25/2026

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