YANG CHANGXIANG enters ZKH GROUP LTD with 5.26M shares plus derivative instruments
Holding both equity and derivatives at entry signals strong long-term conviction in the company.
Direct Indirect Derivatives
Filed: 3/27/2026ACC: 0002061785-26-000001
5.26M
Baseline shares
21% direct
1.10M
Direct ownership
1 position
5.25M
Derivative underlying
4 instruments
2
Security positions
4.16M indirect
Non-Derivative Holdings2
Class B Ordinary Shares
IndirectShares owned4.16M
Ordinary Shares
DirectShares owned1.10M
Total
1.10M direct·4.16M indirect5.26M
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Class B Ordinary Shares | 4.16M | Indirect |
| Ordinary Shares | 1.10M | Direct |
| Total | 5.26M | 1.10M direct·4.16M indirect |
Derivative Holdings4
Share Option (right to buy)
DirectUnderlying security
Ordinary Shares
Underlying shares
2.54M
Shares owned
N/A
Exercise price
0
Expiration
—
Exercise window
—
Restricted Share Units
DirectUnderlying security
Ordinary Shares
Underlying shares
693K
Shares owned
N/A
Exercise price
0
Expiration
—
Exercise window
—
Share Option (right to buy)
DirectUnderlying security
Ordinary Shares
Underlying shares
700K
Shares owned
N/A
Exercise price
0.2609
Expiration
—
Exercise window
—
Restricted Share Units
DirectUnderlying security
Ordinary Shares
Underlying shares
1.31M
Shares owned
N/A
Exercise price
0
Expiration
—
Exercise window
—
Total
Underlying
5.25M
Owned
0.00
| Security | Underlying | Exercise Price | Exercise Window | Expiration | Underlying Shares | Shares Owned |
|---|---|---|---|---|---|---|
| Share Option (right to buy) Direct | Ordinary Shares | 0 | — | — | 2.54M | N/A |
| Restricted Share Units Direct | Ordinary Shares | 0 | — | — | 693K | N/A |
| Share Option (right to buy) Direct | Ordinary Shares | 0.2609 | — | — | 700K | N/A |
| Restricted Share Units Direct | Ordinary Shares | 0 | — | — | 1.31M | N/A |
| Total | 5.25M | 0.00 | ||||