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).






SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 7 and 11: Represents (i) 32,182,233 Class B ordinary shares held by Gallant Future Holdings Limited, (ii) 8,000,000 Class B ordinary shares held by New Heritage Global Limited, (iii) 40,182,233 Class B ordinary shares held by Prospera Investment Holding Limited, and (iv) 10,877,649 Class A ordinary shares that Mr. Tang is entitled to acquire within 60 days from September 22, 2025 upon exercise of share options held by him under the Issuer's share incentive plans. Gallant Future Holdings Limited is incorporated in the British Virgin Islands and is wholly beneficially owned by Mr. Tang through a family trust. New Heritage Global Limited is a limited company incorporated in the British Virgin Islands and is wholly beneficially owned by Mr. Tang through a family trust. Prospera Investment Holding Limited is a limited company incorporated in the British Virgin Islands and is wholly beneficially owned by Ms. Zhang through a family trust. Ms. Zhang is the spouse of Mr. Tang. Pursuant to the power of attorney and proxy granted by Prospera Investment Holding Limited, Mr. Tang holds sole voting power over the ordinary shares and any other shares or securities issued or distributed to Prospera Investment Holding Limited. The restructuring of the shareholdings as set forth in the Statement was effected for estate planning purposes. Note to 9: Represents (i) 32,182,233 Class B ordinary shares held by Gallant Future Holdings Limited, (ii) 8,000,000 Class B ordinary shares held by New Heritage Global Limited, and (iii) 10,877,649 Class A ordinary shares that Mr. Tang is entitled to acquire within 60 days from September 22, 2025 upon exercise of share options held by him under the Issuer's share incentive plans. Note to 13: The percentage calculation is based on a total of 318,881,690 ordinary shares outstanding as of June 30, 2025, including 80,364,466 Class B ordinary shares and 238,517,224 Class A ordinary shares. Each Class B ordinary share is entitled to ten votes per share, whereas each Class A ordinary share is entitled to one vote per share.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 7: Represents 416,366 Class A ordinary shares that Ms. Zhang is entitled to acquire within 60 days from September 22, 2025 upon exercise of share options held by her under the Issuer's share incentive plans. Note to 9 and 11: Represents (i) 40,182,233 Class B ordinary shares held by Prospera Investment Holding Limited, and (ii) 416,366 Class A ordinary shares that Ms. Zhang is entitled to acquire within 60 days from September 22, 2025 upon exercise of share options held by her under the Issuer's share incentive plans. Ms. Zhang is the spouse of Mr. Tang. Pursuant to the power of attorney and proxy granted by Prospera Investment Holding Limited, Mr. Tang holds sole voting power over the ordinary shares and any other shares or securities issued or distributed to Prospera Investment Holding Limited. The restructuring of the shareholdings as set forth in the Statement was effected for estate planning purposes. Note to 13: The percentage calculation is based on a total of 318,881,690 ordinary shares outstanding as of June 30, 2025, including 80,364,466 Class B ordinary shares and 238,517,224 Class A ordinary shares. Each Class B ordinary share is entitled to ten votes per share, whereas each Class A ordinary share is entitled to one vote per share.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 7, 9 and 11: Represents 32,182,233 Class B ordinary shares held by Gallant Future Holdings Limited. Gallant Future Holdings Limited is incorporated in the British Virgin Islands and is wholly beneficially owned by Mr. Tang through a family trust. Note to 13: The percentage calculation is based on a total of 318,881,690 ordinary shares outstanding as of June 30, 2025, including 80,364,466 Class B ordinary shares and 238,517,224 Class A ordinary shares. Each Class B ordinary share is entitled to ten votes per share, whereas each Class A ordinary share is entitled to one vote per share.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 7, 9 and 11: Represents 8,000,000 Class B ordinary shares held by New Heritage Global Limited. New Heritage Global Limited is a limited company incorporated in the British Virgin Islands and is wholly beneficially owned by Mr. Tang through a family trust. Note to 13: The percentage calculation is based on a total of 318,881,690 ordinary shares outstanding as of June 30, 2025, including 80,364,466 Class B ordinary shares and 238,517,224 Class A ordinary shares. Each Class B ordinary share is entitled to ten votes per share, whereas each Class A ordinary share is entitled to one vote per share.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 9 and 11: Represents 40,182,233 Class B ordinary shares held by Prospera Investment Holding Limited. Prospera Investment Holding Limited is a limited company incorporated in the British Virgin Islands and is wholly beneficially owned by Ms. Zhang through a family trust. Pursuant to the power of attorney and proxy granted by Prospera Investment Holding Limited, Mr. Tang holds sole voting power over the ordinary shares and any other shares or securities issued or distributed to Prospera Investment Holding Limited. Note to 13: The percentage calculation is based on a total of 318,881,690 ordinary shares outstanding as of June 30, 2025, including 80,364,466 Class B ordinary shares and 238,517,224 Class A ordinary shares. Each Class B ordinary share is entitled to ten votes per share, whereas each Class A ordinary share is entitled to one vote per share.


SCHEDULE 13D


 
Yan Tang
 
Signature:/s/ Yan Tang
Name/Title:Yan Tang
Date:09/23/2025
 
Sichuan Zhang
 
Signature:/s/ Sichuan Zhang
Name/Title:Sichuan Zhang
Date:09/23/2025
 
Gallant Future Holdings Limited
 
Signature:/s/ Yan Tang
Name/Title:Director
Date:09/23/2025
 
New Heritage Global Limited
 
Signature:/s/ Yan Tang
Name/Title:Director
Date:09/23/2025
 
Prospera Investment Holding Limited
 
Signature:/s/ Prudence Directors Limited
Name/Title:Director
Date:09/23/2025

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EX-99.1

EX-99.2

EX-99.3