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Sunday, 05/19/2024 2:27:01 PM

Sunday, May 19, 2024 2:27:01 PM

Post# of 331
Based on the public filings described above, the attached would be the current stockholdings

1) Qingyu Investment Ltd./Xuezheng Chen Class A 10,000,000 shares (unable to be traded in public float since it is restricted)

2) Yitong Asia Investment Pte. Ltd./Chizhang Gong Class B 10,000,000 (unable to be traded in public float since it is restricted)

3) Jinzheng Investment Co Pte. Ltd./Jin Qiong Class A 5,000,000 (unable to be traded in public float since it is restricted)

4) Hong Kong Power Ventures Limited/Leung Tan Class A 2,910,000 (unable to be traded in public float since it is restricted)

5) Kei Kai Wong Class A 2,745,000 (unable to be traded in public float since it is restricted)

6) Chen Young Class A 2,745,000 (unable to be traded in public float since it is restricted)

7)Jin Xu Class A 600,000 Class A Unrestricted (but must file Form 4 upon sale)

8) Jinguang Gong 400,000 Class A Unrestricted (but must file Form 4 upon sale)
9) Zhuohua Investment Holdings Pte. Ltd./Jinhua Wang Class A 816,500 (216,600 restricted, 600,000 unrestricted but must file a Form 4 upon sale)

10) 13 other Minority Shareholders Class A 16,600,000 (unable to be traded in public float since it is restricted)

11) Public Shareholders Class A 2,260,000 Unrestricted (1,750,000 registered via 424B4 filing 4/13/23 and 510,000 sold by Jinhua Wang pursuant to Rule 144 as noted in filing dated 11/06/23 and amended 11/22/23)
from S/T
There seems to be a lot of confusion/misinformation regarding the public float for this stock. I dug into this by reading the company's applicable public filings, and am creating a thread about it here. It is important to remember that the number of shares that are outstanding is not the same as the public float (the number of shares that are available for public trading). I know that is obvious for some, but I don't think everyone grasps the concept. Also, shares cannot be sold unless there is an effective registration statement or an exemption from registration. So shares granted to initial shareholders are restricted and cannot be sold to the public unless and until there is an effective registration statement relating to those shares, or unless there is an applicable exemption from federal securities laws. Finally, the public float data that you see on yahoo, finviz, etc. is not accurate. You have to do a deep dive into the public filings to get a more accurate count
https://stocktwits.com/SocalFI44/message/573257638
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