Chen Liaohan 4

What Happened
Chen Liaohan, President and a director of Tuya Inc. (TUYA), caused Unileo Limited (his wholly owned BVI vehicle) to convert 237 Class B ordinary shares into 237 Class A ordinary shares on April 24, 2026. The filing shows two matching "other acquisition or disposition (J)" entries — one acquiring 237 shares and one disposing of 237 shares — both at $0.00, reflecting a one‑for‑one conversion rather than a purchase or sale for cash.

Key Details

• Transaction date: April 24, 2026; filing date: April 28, 2026 (timely Form 4 filing).
• Reported as two J‑code entries: 237 shares acquired @ $0.00 and 237 shares disposed @ $0.00 (net effect: conversion).
• Purpose: conversion was done to reduce Mr. Chen’s weighted voting rights proportionately after the company canceled 5,400 repurchased Class A shares (per filing footnote).
• Shares held through Unileo Limited (a BVI company wholly owned by Chen).
• No cash changed hands; the transaction is an internal share‑class conversion, not a market buy/sell.

Context
This was an administrative conversion to maintain the intended balance of weighted voting rights after share cancellation and does not reflect a market purchase or sale. Such conversions generally do not signal personal buying or selling intent.