Jiang Jun Jason 4/A

What Happened

• Jiang Jun (CFO, COO and Director) reported sales of American Depositary Shares (ADS) on June 26, 2026. The filing (amended) lists four disposal transactions totaling 5,064 ADS for total proceeds of $19,266. Reported lots:
  • 2,000 ADS @ $3.83 — $7,666
  • 2,000 ADS @ $3.80 — $7,604
  • 591 ADS @ $3.79 — $2,238
  • 473 ADS @ $3.72 — $1,758
• These were reported as open market or private sales (code S). Sales are disposals (not purchases), which are often routine liquidity events rather than direct indicators of company prospects.

Key Details

• Transaction date: June 26, 2026. Amended Form 4 filed July 6, 2026 (10 days after the trades) — the filing was late relative to the two-business-day Form 4 deadline.
• Prices and amounts: see list above; total proceeds $19,266.
• ADS conversion: 1 ADS = 18 ordinary shares (footnote) — 5,064 ADS ≈ 91,152 ordinary shares.
• Beneficial ownership: Light Stream Holdings Ltd. (BVI) is wholly owned by Jun Jiang (footnote); the sale involved entities/holdings connected to him.
• Shares owned after the reported transactions: not specified in the provided filing.

Context

• These were outright sales of ADS (S code). Sales by executives can reflect personal liquidity needs or portfolio rebalancing; they are factual disclosures and do not, by themselves, prove management sentiment about the company.
• The filing was amended and submitted later than the standard two-business-day window, which is why this Form 4 shows a July 6, 2026 filing for a June 26 trade.