Intchains Group (ICG) CEO details major indirect Class B share stake
Rhea-AI Filing Summary
Intchains Group Ltd CEO Qiang Ding has filed an initial Form 3 disclosing his indirect holdings of Class B ordinary shares. These Class B shares carry ten votes per share and can be converted into Class A ordinary shares on a one-for-one basis, while Class A shares cannot convert into Class B.
The filing shows that the Class B shares are held through several British Virgin Islands entities wholly owned, directly or indirectly, by Intchain DQ Asset Holding Limited, which is itself wholly owned by Ding. Reported indirect positions include 25,961,500 shares through Intchain DQ Asset Holding Limited, 5,912,120 shares through Intchains CHX1 Limited, 6,318,800 shares through Intchains CHX2 Limited, and 3,000,000 shares through Intchains DQ Holding Limited.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted. Our Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Our Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Intchain DQ Asset Holding Limited is a company incorporated in the British Virgin Islands and is wholly owned by the Reporting Person. Intchains CHX1 Limited is a company incorporated in the British Virgin Islands and is wholly owned by Intchain DQ Asset Holding Limited. By Intchains CHX2 Limited is a company incorporated in the British Virgin Islands and is wholly owned by Intchain DQ Asset Holding Limited. Intchains DQ Holding limited is a company incorporated in the British Virgin Islands and is wholly owned by Intchain DQ Asset Holding Limited.