Ata Creativity Global Schedule 13D activist filings

Apollo Wise Investment Limited, controlled by Jie Cheng, has acquired a 9.9% beneficial ownership stake in ATA Creativity Global for medium to long-term investment.

Empire Fortune Management Ltd disclosed beneficial ownership of 9.9% of ATA Creativity Global via participation in a November 2025 registered direct offering.

Empire Fortune Management Ltd. has acquired an 11.47% stake in ATA Creativity Global, signaling a medium to long-term investment strategy.

A Schedule 13D/A filing reveals a significant dilution of beneficial ownership for Kevin Xiaofeng Ma and affiliated entities in ATA Creativity Global following a recent ADS issuance.

Jun Zhang and Arts Consulting Limited report a reduced beneficial ownership stake in ATA Creativity Global following the issuer's recent issuance of new shares.

ATA Creativity Global's CEO and related entities have entered a lock-up agreement following a registered direct offering, maintaining significant beneficial ownership.