SCHEDULE 13G: Major Shareholder Andong Zhang and Affiliates Disclose Over 57% Stake in LZ Technology Holdings

Andong Zhang, along with LZ Digital Technology Holdings Co., Ltd and Vanshion Investment Group Limited, has disclosed a combined beneficial ownership of 57.58% of LZ Technology Holdings Limited's Class B Ordinary Shares as of March 31, 2025.

Summary

• Andong Zhang, LZ Digital Technology Holdings Co., Ltd, and Vanshion Investment Group Limited have jointly filed a Schedule 13G, reporting their beneficial ownership in LZ TECHNOLOGY HOLDINGS LIMITED.
• As of March 31, 2025, Andong Zhang beneficially owns an aggregate of 87,565,243 shares, which represents 57.58% of the Class B Ordinary Shares of LZ TECHNOLOGY HOLDINGS LIMITED.
• This aggregate ownership for Andong Zhang includes 22,500,000 Class A Ordinary Shares and 30,978,337 Class B Ordinary Shares held by LZ Digital Technology Holdings Co., Ltd, and 34,086,906 Class B Ordinary Shares held by Vanshion Investment Group Limited.
• LZ Digital Technology Holdings Co., Ltd separately reports beneficial ownership of 53,478,337 shares, accounting for 35.17% of the Class B Ordinary Shares.
• Vanshion Investment Group Limited separately reports beneficial ownership of 34,086,906 shares, representing 26.31% of the Class B Ordinary Shares.
• The percentages are calculated based on a total of 22,500,000 outstanding Class A Ordinary Shares and 129,570,000 outstanding Class B Ordinary Shares of the Issuer as of March 31, 2025.
• Class A Ordinary Shares are convertible into Class B Ordinary Shares on a 1:1 basis at the holder's option.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of beneficial ownership and does not contain positive or negative sentiment regarding company performance or outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant beneficial ownership by a key individual and associated entities, clarifying the control structure of the company.

Key Dates

Keywords

LZ Technology Holdings Limited, Class B Ordinary Shares, Schedule 13G, Beneficial Ownership, Andong Zhang, LZ Digital Technology Holdings Co., Ltd, Vanshion Investment Group Limited, SEC Filing, Shareholder Disclosure, Corporate Governance, Investment Group, Hong Kong, British Virgin Islands