Mao Dongliang 4

What Happened Mao Dongliang, an executive director of Top KingWin Ltd (WAI), was issued 13,514 class A ordinary shares as an award/compensation on May 8, 2026. The shares were valued at $2.22 each for a total reported value of $30,001. This was a grant/award under his employment arrangement, not an open-market purchase or sale.

Key Details

• Transaction date and price: May 8, 2026 — 13,514 shares at $2.22 per share (total $30,001).
• Shares owned after transaction: Not reported in this filing.
• Footnote: The shares were issued as compensation for the period Oct 1, 2025 to Mar 31, 2026 under his employment agreement dated May 31, 2025.
• Filing timing: The Form 4 was filed on June 18, 2026 (about six weeks after the reported transaction), which appears later than the typical two-business-day insider filing requirement.

Context This transaction is a compensatory grant (code A) — routine executive compensation rather than a market buy or sell. Such awards reflect company compensation practices and do not, by themselves, indicate the insider’s personal trading view.