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Jin Medical CEO controls 98% voting with 6.77% stake

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Jin Medical International Ltd. (ZJYL) received a Schedule 13D from its CEO and chairman, Erqi Wang, and his entities Jolly Harmony Enterprises Limited and Er Pu International Limited, updating their beneficial ownership and voting control following a recapitalization and a related acquisition of Beijing Tongsheng Technology Co., Ltd.

On July 21, 2026, the company repurchased 3,769,057 Class A Ordinary Shares from Jolly Harmony at US$1.641 per share for US$6,185,022.54, then cancelled them and issued the same number of Class B Ordinary Shares to Jolly Harmony at the same price. Each Class B share is convertible into one Class A share and carries 800 votes.

As of July 28, 2026, Mr. Wang is deemed to beneficially own 5,306,307 Class A Ordinary Shares (including 4,769,057 deemed from Class B), or 6.77% of the Class A shares deemed outstanding, but controls about 98.12% of the company’s aggregate voting power, primarily through the high-vote Class B shares held by Jolly Harmony.

Positive

  • None.

Negative

  • None.

Filing Explained

The anticipated acquisition issuance is not reported as completed, and its undisclosed share count leaves potential dilution unquantified.

This Schedule 13D reports that the July 21, 2026 Class A-to-Class B recapitalization step was completed, while the acquisition-related issuance of additional Class A shares is only expected; if issued, those shares would increase the total share count and reduce existing holders’ percentage ownership absent offsetting changes.

A Schedule 13D discloses ownership above 5% and may reflect a holder who may seek to influence control; this filing says it was triggered because the reporting persons’ acquisitions during the preceding 12 months exceeded 2%.

The unresolved line item is the number of Class A shares to be issued for the Beijing Tongsheng acquisition: the filing calls the amount substantial but does not state a share count, so the eventual dilution cannot be sized from this disclosure.

Class A repurchased 3,769,057 Class A Ordinary Shares Repurchased from Jolly Harmony on July 21, 2026
Repurchase price per share US$1.641 per share Price for 3,769,057 Class A Ordinary Shares repurchased
Aggregate repurchase consideration US$6,185,022.54 Total paid by Jin Medical for the Class A share repurchase
Beneficial ownership (Class A equivalent) 5,306,307 Class A Ordinary Shares Shares beneficially owned by Erqi Wang for Rule 13d-3 purposes
Percent of Class A beneficially owned 6.77% Portion of Class A Ordinary Shares deemed outstanding owned by Erqi Wang
Aggregate voting power 98.12% Issuer’s aggregate voting power beneficially owned by Erqi Wang as of July 28, 2026
Votes per Class B Ordinary Share 800 votes per share Voting rights attached to each Class B Ordinary Share
Class A shares outstanding 73,663,428 Class A Ordinary Shares Issued and outstanding as of July 28, 2026
Schedule 13D regulatory
"The Reporting Persons are filing this because acquisitions of beneficial ownership"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficial ownership financial
"The Reporting Persons were initially eligible to report their beneficial ownership"
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.
Class B Ordinary Shares financial
"Each Class B Ordinary Share is entitled to eight hundred (800) votes per share"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
recapitalization financial
"The transactions described in Item 3 were undertaken in connection with the Issuer's recapitalization"
Recapitalization is a deliberate change to a company's mix of debt and equity—how much it borrows versus how much is funded by shareholders—accomplished by issuing or repaying debt, buying back shares, or issuing new shares. It matters to investors because it alters the company's risk profile, potential returns and cash flow stability: increasing debt can amplify returns but raises the chance of financial stress, while adding equity can dilute ownership but lower default risk—like swapping between a mortgage and savings to reshape household finances.
Rule 13d-3(d)(1)(i) regulatory
"deemed outstanding with respect to Mr. Wang pursuant to Rule 13d-3(d)(1)(i)"
aggregate voting power financial
"Mr. Erqi Wang beneficially owned approximately 98.12% of the aggregate voting power"

FAQ

What ownership stake does Erqi Wang report in Jin Medical International Ltd. (ZJYL)?

Erqi Wang reports beneficial ownership of 5,306,307 Class A Ordinary Shares, representing approximately 6.77% of the Class A Ordinary Shares deemed outstanding as of July 28, 2026, based on 73,663,428 Class A shares plus 4,769,057 Class B shares deemed converted.

How much voting control does Erqi Wang have over ZJYL after the recapitalization?

As of July 28, 2026, Erqi Wang beneficially owned approximately 98.12% of the aggregate voting power of Jin Medical International Ltd., through 4,769,057 Class B Ordinary Shares (800 votes each) held by Jolly Harmony and 537,250 Class A Ordinary Shares held by Er Pu.

What recapitalization transactions involving ZJYL shares occurred on July 21, 2026?

On July 21, 2026, Jin Medical repurchased 3,769,057 Class A Ordinary Shares from Jolly Harmony at US$1.641 per share for US$6,185,022.54, cancelled those shares, and then allotted and issued 3,769,057 Class B Ordinary Shares to Jolly Harmony at the same price.

Why did ZJYL issue Class B Ordinary Shares to Jolly Harmony?

The Class B issuance to Jolly Harmony was undertaken in connection with a recapitalization and the planned acquisition of Beijing Tongsheng Technology Co., Ltd., with the stated purpose of preserving continuity in ownership and voting control by Erqi Wang as additional Class A shares are issued.

What is the voting difference between ZJYL Class A and Class B Ordinary Shares?

Each Class B Ordinary Share of Jin Medical carries 800 votes per share and is convertible into one Class A share, while each Class A Ordinary Share carries one vote per share, as set out in the company’s third amended and restated memorandum and articles of association.

How many shares do Jolly Harmony and Er Pu each hold in ZJYL?

Jolly Harmony holds 4,769,057 Class B Ordinary Shares, deemed converted into Class A for beneficial ownership calculations. Er Pu International Limited holds 537,250 Class A Ordinary Shares. These positions support the 6.77% beneficial ownership and 98.12% voting control attributed to Erqi Wang.

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

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Learn about SEC filing dates





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)
07/21/2026

(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 73,663,428 Class A Ordinary Shares issued and outstanding as of July 28, 2026, as reflected in the certified shareholder lists 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 6.77% 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 73,663,428 Class A Ordinary Shares outstanding as of July 28, 2026, plus 4,769,057 Class B Ordinary Shares deemed converted solely for this calculation.


SCHEDULE 13D




Comment for Type of Reporting Person:
The reported securities consist of 537,250 Class A Ordinary Shares held directly by Er Pu. The percentage is calculated using 73,663,428 Class A Ordinary Shares outstanding as of July 28, 2026.


SCHEDULE 13D


Wang Erqi
Signature:/s/ Erqi Wang
Name/Title:Erqi Wang
Date:08/21/2026
JOLLY HARMONY ENTERPRISES Ltd
Signature:/s/ Erqi Wang
Name/Title:Erqi Wang/Director
Date:08/21/2026
Er Pu International Ltd
Signature:/s/ Erqi Wang
Name/Title:Erqi Wang/Director
Date:08/21/2026