Ji Ping 4

What Happened Ji Ping, a director of Adlai Nortye Ltd. (ANL), acquired 136,667 American Depositary Shares (ADS) on 2026-06-10 via an "other acquisition" (Form 4 code J). The filing reports a price of $0.00 per ADS (total reported value $0). According to footnotes, these ADS were distributed from the PECO Innovation Trust to Ji Ping’s personal accounts, representing the conversion/distribution of a prior investment.

Key Details

• Transaction date: 2026-06-10; Filing date: 2026-06-10. Reported price: $0.00 per ADS (total $0).
• Transaction code: J (other acquisition — distribution from a trust; see footnotes).
• Shares acquired: 136,667 ADS. The filing does not state the total ADS/ordinary shares owned after this transaction.
• Footnote summary:
  • F1: ADS were distributed from a trust (previously held through PECO International Limited) to the reporting person; beneficial ownership was first acquired at distribution.
  • F2: Ji Ping invested USD 1,344,000 in Adlai Nortye on Dec 26, 2018; that investment was converted into a beneficial interest in the PECO Innovation Trust in 2021 during the IPO restructuring. The Trust has now distributed 136,667 ADS to his personal accounts.
• No indication of a market purchase or sale — this was a trust distribution, not an open-market trade.

Context This was a distribution of previously held economic interest (converted from a 2018 investment and held via the PECO Innovation Trust), not a cash purchase or sale on the open market. Such distributions transfer beneficial ownership but do not necessarily signal a change in the insider’s view of the company; they reflect the mechanics of restructuring and trust distribution.