SCHEDULE 13G: Major Shareholder Xiuwen Zhao Discloses Significant Stake in Prestige Wealth Inc.

Xiuwen Zhao has disclosed a beneficial ownership of 9.48% of Prestige Wealth Inc.'s Class A Ordinary Shares, totaling 6,427,637 shares, as of April 19, 2025.

Summary

• Xiuwen Zhao, a citizen of China, has filed a Schedule 13G disclosing beneficial ownership in Prestige Wealth Inc.
• The filing indicates that Xiuwen Zhao beneficially owns 6,427,637 Class A Ordinary Shares of Prestige Wealth Inc.
• This ownership represents 9.48% of the Class A Ordinary Shares of the company.
• Xiuwen Zhao holds sole voting power and sole dispositive power over all 6,427,637 shares.
• The event requiring this filing occurred on April 19, 2025, and the statement was signed on May 12, 2025.
• The filing is made under Rule 13d-1(c), signifying a passive investment intent, with a certification that the shares were not acquired or held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It indicates a significant, passive stake by an individual investor.

Positives

• The disclosure of a significant ownership stake by an individual investor, Xiuwen Zhao, provides transparency regarding the company's ownership structure.
• The filing explicitly states a passive investment intent, certifying that the shares were not acquired to change or influence control, which can reduce concerns about potential activist actions.

Risks

• No specific company-related risks are detailed in this ownership disclosure filing, as Schedule 13G focuses solely on beneficial ownership.

Future Outlook

Not applicable, as this is a Schedule 13G filing focused solely on beneficial ownership disclosure, not company operations or future guidance.

Management Comments

• Xiuwen Zhao certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Prestige Wealth Inc., nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This Schedule 13G filing is a disclosure of individual beneficial ownership and does not provide broader industry context or trends.

Stakeholder Impact

• This filing primarily impacts shareholders by disclosing a significant individual ownership stake, which can provide transparency regarding the company's ownership structure. It does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Prestige Wealth Inc., Xiuwen Zhao, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Passive Investment, Shareholder Disclosure