SCHEDULE: Webull Corp: Major Stake Disclosure by Chinese Entities
Beneficial Ownership Report
Tianjin Nuofeng and affiliates disclose a 9.4% beneficial ownership stake in Webull Corp's Class A Ordinary Shares.
Summary
- Tianjin Nuofeng Enterprise Management Consulting Partnership (Limited Partnership), Gopher Asset Management Co., Ltd., Shanghai Noah Investment Management Co., Ltd., and Zhe Yin collectively reported beneficial ownership of 37,594,146 Class A ordinary shares of Webull Corp.
- This ownership represents 9.4% of Webull Corp's total outstanding Class A ordinary shares.
- The stake also accounts for 7.8% of Webull Corp's total outstanding ordinary shares (Class A and Class B combined).
- The calculation is based on 401,758,855 Class A ordinary shares and 82,988,016 Class B ordinary shares outstanding, as reported in Webull Corp's final prospectus on Form F-1 filed July 23, 2025.
- Tianjin Nuofeng's general partner is Gopher Asset Management Co., Ltd., which is wholly owned by Shanghai Noah Investment Management Co., Ltd.
- Mr. Zhe Yin serves as Executive Director of Shanghai Noah Investment Management Co. and shares voting and investment control over the shares held by Tianjin Nuofeng.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant ownership stake by institutional investors, common in the financial industry. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor's stake can influence market perception and potentially provide a signal of institutional confidence or interest in the company.
Key Dates
| Date | Description |
|---|---|
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-07-23 | Date of Webull Corp's final prospectus for the registration statement on Form F-1 filed with the SEC, used for outstanding share count calculation. |
| 2025-08-12 | Date of signature for the Schedule 13G filing by all reporting persons. |
Keywords
Webull Corp, Beneficial Ownership, Schedule 13G, Class A Shares, Tianjin Nuofeng, Gopher Asset Management, Shanghai Noah Investment Management, Zhe Yin, SEC Filing, Investment
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