SCHEDULE: ATA Creativity Global: Insider Ownership Diluted Post-Share 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.

Summary

• This Amendment No. 2 updates the Schedule 13D filing by Jun Zhang and Arts Consulting Limited regarding their beneficial ownership in ATA Creativity Global.
• The reporting persons' beneficial ownership has diminished due to the Issuer's issuance of 11,067,547 American Depositary Shares (each representing two Common Shares) to certain purchasers on January 28, 2026.
• Jun Zhang now beneficially owns 10,634,092 Common Shares, representing 12.4% of the class.
• Arts Consulting Limited now beneficially owns 9,360,000 Common Shares, representing 10.9% of the class.
• Jun Zhang is a citizen of the People's Republic of China, serves as president and director of the Issuer, and is the sole director holding 75% of Arts Consulting Limited's share capital.
• Arts Consulting Limited is a British Virgin Islands company whose principal business is serving as a holding company for the Issuer's securities.
• The percentage calculations are based on 86,102,136 outstanding Common Shares as of January 28, 2026, as notified by the Issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for the reporting persons, as the dilution is a direct, expected consequence of the issuer's share issuance, which itself could be positive for the company.

Negatives

• Jun Zhang's beneficial ownership percentage in ATA Creativity Global has decreased to 12.4% due to dilution.
• Arts Consulting Limited's beneficial ownership percentage in ATA Creativity Global has decreased to 10.9% due to dilution.

Future Outlook

No explicit forward-looking statements or guidance are provided by the reporting persons in this filing.

Industry Context

StockSavvy.ai notes that changes in beneficial ownership, especially due to dilution from new share issuances, are common events in the lifecycle of publicly traded companies, often signaling capital raising activities or strategic shifts.

Related Party Transactions

• Jun Zhang is the sole director and holds 75% of the issued and outstanding share capital of Arts Consulting Limited, establishing a related party relationship between the two reporting persons.

Stakeholder Impact

• Shareholders: Existing shareholders, including the reporting persons, experience dilution of their percentage ownership due to the issuance of new shares, while new purchasers acquire a stake in the company.

Key Dates

Recommendation

This filing primarily reports a change in beneficial ownership percentage due to dilution from a new share issuance by the company. While the dilution reduces the reporting person's percentage stake, it doesn't inherently signal a negative outlook for the company itself, which likely raised capital. Without further information on the purpose or terms of the capital raise, or the company's underlying performance, a seasoned investor would likely maintain a 'hold' position, awaiting more comprehensive financial updates from ATA Creativity Global.

Keywords

ATA Creativity Global, Schedule 13D, beneficial ownership, share dilution, insider ownership, Jun Zhang, Arts Consulting Limited, common shares, SEC filing