Tungray Technologies (TRSG) CEO details indirect A and B share stakes
Rhea-AI Filing Summary
Tungray Technologies Inc director and Chief Executive Officer Yao Wanjun filed an initial statement of beneficial ownership. The filing reports only existing holdings, with no new purchases or sales.
Mr. Yao’s beneficial ownership of Class A Ordinary Shares is held indirectly through several British Virgin Islands holding companies: 690,000 shares via Pegasus Technologies Holding Ltd., 720,000 shares via Pegasus Automation Global Ltd., and 2,250,000 shares via Enolios Ltd. He also indirectly holds 4,560,000 Class B Ordinary Shares through Pegasus Automation Ltd.
In addition, 432,000 Class A Ordinary Shares are held by Aurora International Development Ltd., which is controlled by Mr. Yao’s spouse, who is deemed to share disposal power with him. Class B Ordinary Shares are convertible into Class A Ordinary Shares on a one-for-one basis and carry higher voting power, with each Class B share entitled to 20 votes versus 1 vote per Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (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 20 votes. Mr. Yao's beneficial ownership includes (i) 690,000 Class A Ordinary Shares held by Pegasus Technologies Holding Ltd.; (ii) 720,000 Class A Ordinary Shares held by Pegasus Automation Global Ltd.; (iii) 2,250,000 Class A Ordinary Shares held by Enolios Ltd. ("Enolios"); and (iv) 4,560,000 Class B Ordinary Shares held by Pegasus Automation Ltd. All four holding companies are limited liability companies incorporated under the British Virgin Islands laws and controlled by Mr. Wanjun Yao. The person having voting, dispositive or investment powers four entities is Mr. Yao. Aurora International Development Ltd ("Aurora") held 432,000 Class A Ordinary Shares. The holding company is a limited liability company incorporated under the British Virgin Islands laws. The person having voting, dispositive or investment powers over Aurora is Ms. Liling Du, the wife of Mr. Wanjun Yao. Ms. Du is deemed to share with her spouse, Mr. Yao, the power to dispose 432,000 Class A ordinary shares held by Aurora.