The9 (NCTY) director Zhu Jun reports large multi-class share holdings
Rhea-AI Filing Summary
The9 LTD director Zhu Jun has filed an initial statement of holdings, showing significant ownership across multiple classes of the company’s equity. He reports 571,347 American Depositary Shares (ADSs) held directly and 3,040 ADSs held indirectly through Incsight Limited, a British Virgin Islands company he wholly owns. Each ADS represents 300 Class A Ordinary Shares. Zhu Jun also reports 270,000,100 vested Class A Ordinary Shares, plus unvested Restricted Class A Ordinary Shares totaling 365,000,000 and 54,000,000 in separate grants with multi-year vesting schedules and, in one case, a vesting condition tied to the ADS closing price reaching US$20 or higher. In addition, he holds 57,500,000 Class B Ordinary Shares directly and 6,107,334 Class B Ordinary Shares indirectly through Incsight Limited, with each Class B share convertible into one Class A Ordinary Share at his option.
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- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares (Restricted) | -- | -- | -- |
| holding | Class A Ordinary Shares (Restricted) | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Each American Depositary Share represents 300 Class A Ordinary Shares of the Issuer. These American Depositary Shares are held in the name of Incsight Limited, which is a company registered in the British Virgin Islands and wholly-owned by the reporting person. These Class A Ordinary Shares represent vested Restricted Shares held by the reporting person in the form of Class A Ordinary Shares without transfer restrictions. Among these Class A Ordinary Shares, 5,000,100 were granted on September 7, 2023, 100,000,000 were granted on March 10, 2025, and 165,000,000 were granted on September 18, 2025, each in the form of Restricted Shares at the granting These Class A Ordinary Shares represent the unvested Restricted Shares held in the form of Class A Ordinary Shares by the reporting person. Among these Class A Ordinary Shares, 200,000,000 were granted on March 10, 2025 in the form of Restricted Shares and would vest each month in 1/36th of the total granted amount; 165,000,000 were granted on September 18, 2025 in the form of Restricted Shares, among which 50% would vest on the first anniversary of the grant, and another 50% would vest on the second anniversary of the grant. These Class A Ordinary Shares represent the unvested Restricted Shares held in the form of Class A Ordinary Shares by the reporting person. These Class A Ordinary Shares were granted on September 7, 2023, and would vest and be released from lock-up each month in 1/12th of the total amount during the third year, only if the closing trading price of the Issuer's American Depositary Shares reaches US$20 or higher on any trading day after the date of the grant. Each Class B Ordinary Share is convertible into one Class A Ordinary Share of the Issuer at any time at the option of the reporting person.
FAQ
What does Zhu Jun’s Form 3 filing reveal about his The9 (NCTY) holdings?
The Form 3 shows Zhu Jun holds substantial equity in The9 (NCTY), including ADSs, vested Class A Ordinary Shares, unvested restricted Class A shares, and Class B Ordinary Shares. This establishes his baseline beneficial ownership as a company director.
What does each The9 (NCTY) ADS represent according to Zhu Jun’s filing?
Each American Depositary Share of The9 represents 300 Class A Ordinary Shares. This ratio, disclosed in the filing, helps investors understand how Zhu Jun’s ADS holdings translate into underlying Class A equity exposure in the company.