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RAYS Capital Partners Limited has filed an amended Schedule 13G reporting its beneficial ownership in ZKH Group Ltd. The firm reports holding 204,507,940 Class A ordinary shares/American Depositary Shares, representing 4.5% of the class.
RAYS Capital reports sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of ZKH Group.
FIL Limited and related entities have disclosed a significant passive stake in ZKH Group Limited. They report beneficial ownership of 266,765,940 shares of ZKH’s Class A common stock, representing 6.0% of the class as of 12/31/2025. FIL Limited has sole voting and dispositive power over these shares. The filing notes that Fidelity China Special Situations PLC has the right to receive dividends and sale proceeds on this 6.0% holding, and certifies the position is held in the ordinary course of business, not to change or influence control of ZKH Group Limited.
Tiger Global-affiliated entities filed an amended Schedule 13G reporting 0 shares and 0.0% beneficial ownership of ZKH Group Limited Class A ordinary shares. The filing lists Tiger Global Private Investment Partners X, L.P., Tiger Global PIP Performance X, L.P., Tiger Global PIP Management X, Ltd., Tiger Global Management, LLC, and Charles P. Coleman III as reporting persons.
Each reports no sole or shared voting power and no sole or shared dispositive power. The date of event triggering the filing is 09/30/2025. Item 5 indicates ownership of five percent or less of the class. Standard disclaimers note that beneficial ownership is disclaimed except to the extent of any pecuniary interest.
RAYS Capital Partners Ltd reported beneficial ownership of 251,718,110 Class A ordinary shares of ZKH Group Ltd, representing 5.5% of the class. The filing states RAYS holds sole voting and dispositive power for all shares reported and identifies the filer as an investment adviser organized in Hong Kong. The statement certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Contact and principal office addresses for both issuer and filer are provided in the filing.