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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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Checkbox checked   Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents (i) 314,290,482 ordinary shares held by Mini Investment Limited, a limited liability company incorporated under the laws of British Virgin Islands, (ii) 14,000,000 ordinary shares held by Mini Investments SP1 Limited, a limited liability company incorporated under the laws of British Virgin Islands, (iii) 8,936,000 ordinary shares (including 96,000 ordinary shares in the form of ADSs) held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, (iv) 194,465,382 ordinary shares held by YGF MN LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, and (v) 257,849,197 ordinary shares held by YYY MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Ye as the settlor. YGF MC LIMITED is wholly-owned by Mr. Guofu Ye. YGF MN LIMITED is held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, as to 1%, and held by YY Capital Ltd., a limited liability company incorporated under the laws of British Virgin Islands, as to 99%. All shares of YY Capital Ltd. are held by Cantrust (Far East) Limited on behalf of Y Group Trust, with Cantrust (Far East) Limited as the trustee and Mr. Ye as the settlor. YYY MC LIMITED is wholly owned by YYY Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YYY Development Limited are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with TMF (Cayman) Ltd. as the trustee and Ms. Yang as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares directly held by Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents (i) 314,290,482 ordinary shares held by Mini Investment Limited, a limited liability company incorporated under the laws of British Virgin Islands, and (ii) 14,000,000 ordinary shares held by Mini Investments SP1 Limited, a limited liability company incorporated under the laws of British Virgin Islands. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Guofu Ye as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by Mini Investment Limited. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents 14,000,000 ordinary shares held by Mini Investments SP1 Limited, a limited liability company incorporated under the laws of British Virgin Islands. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Guofu Ye as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by Mini Investments SP1 Limited. In September 2023, Mini Investment Limited transferred 14,000,000 ordinary shares of the Issuer to its wholly owned subsidiary Mini Investments SP1 Limited, who entered into a prepaid forward contract with a leading financial institution for a collar transaction and transferred such 14,000,000 ordinary shares to the financial institution as credit support. This transaction was unwound in June 2025, and Mini Investments SP1 Limited received back all the 14,000,000 ordinary shares. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  * Represents 8,936,000 ordinary shares (including 96,000 ordinary shares in the form of ADSs) held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. YGF MC LIMITED is wholly-owned by Mr. Guofu Ye. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by YGF MC LIMITED. In November 2025, YGF MC LIMITED transferred 194,465,382 ordinary shares of the Issuer to YGF MN LIMITED, which is held by YGF MC LIMITED as to 1%, and held by YY Capital Ltd. as to 99%. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents 194,465,382 ordinary shares held by YGF MN LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. YGF MN LIMITED is held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, as to 1%, and held by YY Capital Ltd., a limited liability company incorporated under the laws of British Virgin Islands, as to 99%. All shares of YY Capital Ltd. are held by Cantrust (Far East) Limited on behalf of Y Group Trust, with Cantrust (Far East) Limited as the trustee and Mr. Guofu Ye as the settlor . Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by YGF MN LIMITED. In November 2025, YGF MC LIMITED transferred 194,465,382 ordinary shares of the Issuer to YGF MN LIMITED, which is held by YGF MC LIMITED as to 1%, and held by YY Capital Ltd. as to 99%. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents (i) 314,290,482 ordinary shares held by Mini Investment Limited, a limited liability company incorporated under the laws of British Virgin Islands, and (ii) 14,000,000 ordinary shares held by Mini Investments SP1 Limited, a limited liability company incorporated under the laws of British Virgin Islands. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Guofu Ye as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by YGF Development Limited. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents 194,465,382 ordinary shares held by YGF MN Limited, a limited liability company incorporated under the laws of British Virgin Islands. YGF MN LIMITED is held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, as to 1%, and held by YY Capital Ltd., a limited liability company incorporated under the laws of British Virgin Islands, as to 99%. All shares of YY Capital Ltd. are held by Cantrust (Far East) Limited on behalf of Y Group Trust, with Cantrust (Far East) Limited as the trustee and Mr. Guofu Ye as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by YY Capital Ltd. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents (i) 314,290,482 ordinary shares held by Mini Investment Limited, a limited liability company incorporated under the laws of British Virgin Islands, (ii) 14,000,000 ordinary shares held by Mini Investments SP1 Limited, a limited liability company incorporated under the laws of British Virgin Islands, (iii) 8,936,000 ordinary shares (including 96,000 ordinary shares in the form of ADSs) held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, (iv) 194,465,382 ordinary shares held by YGF MN LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, and (v) 257,849,197 ordinary shares held by YYY MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Ye as the settlor. YGF MC LIMITED is wholly-owned by Mr. Guofu Ye. YGF MN LIMITED is held by YGF MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands, as to 1%, and held by YY Capital Ltd., a limited liability company incorporated under the laws of British Virgin Islands, as to 99%. All shares of YY Capital Ltd. are held by Cantrust (Far East) Limited on behalf of Y Group Trust, with Cantrust (Far East) Limited as the trustee and Mr. Ye as the settlor. YYY MC LIMITED is wholly owned by YYY Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YYY Development Limited are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with TMF (Cayman) Ltd. as the trustee and Ms. Yang as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares directly held by Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents 257,849,197 ordinary shares held by YYY MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. YYY MC LIMITED is wholly owned by YYY Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YYY Development Limited are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with TMF (Cayman) Ltd. as the trustee and Ms. Yang as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by YYY MC LIMITED. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person:  *Represents 257,849,197 ordinary shares held by YYY MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. YYY MC LIMITED is wholly owned by YYY Development Limited, a limited liability company incorporated under the laws of British Virgin Islands. All shares of YYY Development Limited are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with TMF (Cayman) Ltd. as the trustee and Ms. Yang as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares held by YYY Development Limited. **The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 1,237,564,177 outstanding ordinary shares of the Issuer outstanding as of December 31, 2025.


SCHEDULE 13G



 
Guofu Ye
 
Signature:/s/ Guofu Ye
Name/Title:Guofu Ye
Date:02/06/2026
 
Mini Investment Limited
 
Signature:/s/ Guofu Ye
Name/Title:Guofu Ye/Director
Date:02/06/2026
 
Mini Investments SP1 Limited
 
Signature:/s/ Guofu Ye
Name/Title:Guofu Ye/Director
Date:02/06/2026
 
YGF MC LIMITED
 
Signature:/s/ Guofu Ye
Name/Title:Guofu Ye/Director
Date:02/06/2026
 
YGF MN LIMITED
 
Signature:/s/ Guofu Ye
Name/Title:Guofu Ye/Director
Date:02/06/2026
 
YGF Development Limited
 
Signature:/s/ Liu Kin Wai
Name/Title:S.B. Vanwall Ltd. (represented by Liu Kin Wai)/Director
Date:02/06/2026
 
YY Capital Ltd.
 
Signature:/s/ MOCK Yuk Sim /s/ TANG Pik Yi
Name/Title:Rustem Limited (represented by MOCK Yuk Sim and TANG Pik Yi)/Director
Date:02/06/2026
 
Yunyun Yang
 
Signature:/s/ Yunyun Yang
Name/Title:Yunyun Yang
Date:02/06/2026
 
YYY MC LIMITED
 
Signature:/s/ Yunyun Yang
Name/Title:Yunyun Yang/Director
Date:02/06/2026
 
YYY Development Limited
 
Signature:/s/ Liu Kin Wai
Name/Title:S.B. Vanwall Ltd. (represented by Liu Kin Wai)/Director
Date:02/06/2026
Exhibit Information

Joint Filing Agreement