SCHEDULE: AIFU Inc. Ownership Dilution Reported

AIFU Inc. reports a dilution in beneficial ownership percentage for YS Management Company Limited and Yif Liu following a significant share issuance.

Summary

• YS Management Company Limited (YSM) and Yif Liu have jointly filed an amendment to their Schedule 13D regarding their beneficial ownership of AIFU Inc. Class A ordinary shares.
• The filing reports a dilution in their aggregate percentage beneficial ownership and voting power from 7.89% to a new percentage, which is not explicitly stated but implied to be lower due to a recent share issuance.
• On October 12, 2026, AIFU Inc. completed the issuance of 45,000,000 Class A ordinary shares in a private placement.
• The Reporting Persons did not acquire or dispose of any shares themselves; the decrease in their ownership percentage is solely due to the increase in the total number of outstanding shares.
• YSM directly holds 4,826,333 Class A ordinary shares, representing approximately 7.89% of the Issuer's total issued and outstanding ordinary shares as of October 12, 2026.
• Yif Liu is the sole director and 100% owner of YSM.
• The total outstanding shares as of October 12, 2026, were 61,175,748, comprising 50,925,748 Class A and 10,250,000 Class B ordinary shares.
• Class B ordinary shares carry 100 votes per share, while Class A ordinary shares carry one vote per share, and they vote together as a single class.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to dilution of ownership percentage without a corresponding increase in share count for the reporting persons.

Positives

• The company successfully completed a private placement of 45,000,000 Class A ordinary shares, indicating potential for capital infusion or strategic partnerships.
• The reporting persons, YS Management Company Limited and Yif Liu, maintain direct beneficial ownership of 4,826,333 Class A ordinary shares.

Negatives

• The beneficial ownership percentage of YS Management Company Limited and Yif Liu has been diluted due to the significant share issuance.
• The filing does not specify the new percentage of ownership after the dilution, only that it occurred as a result of the share issuance.

Risks

• Potential for further dilution if additional shares are issued by AIFU Inc.
• The concentration of voting power in Class B shares (100 votes per share) versus Class A shares (1 vote per share) could impact minority shareholder influence.

Future Outlook

The filing primarily reports on past events (share issuance and resulting dilution) and does not contain specific forward-looking statements or guidance from AIFU Inc. management regarding future performance or strategy.

Management Comments

• YS Management Company Limited is a limited liability company without any substantive operations.
• Yif Liu serves as a Director of YSM.
• The decrease in the Reporting Persons' aggregate beneficial ownership and their aggregate voting power was solely due to the increase in the total number of the Issuer's outstanding shares from the Share Issuance.

Industry Context

StockSavvy.ai notes that significant share issuances, especially private placements, are common in the technology and growth sectors to fund operations, R&D, or expansion. However, such issuances often lead to dilution for existing shareholders, a key consideration for investors.

Management Changes

Stakeholder Impact

• Shareholders: Potential dilution of ownership percentage and voting power for existing shareholders, including YS Management Company Limited and Yif Liu.
• Management: The share issuance may provide capital for future operations or strategic initiatives.
• Investors: Those considering investment in AIFU Inc. should note the dilution and the voting structure of Class A and Class B shares.

Next Steps

• The Reporting Persons will continue to monitor the Issuer's activities and may consider future actions regarding their investment.
• A copy of the Joint Filing Agreement will be attached as an exhibit to the Schedule 13D and any amendments.

Key Dates

Keywords

Schedule 13D, AIFU Inc., Beneficial Ownership, Share Issuance, Dilution, YS Management Company Limited, Yif Liu, Class A Ordinary Shares