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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes (i) 2,809,977 Class B ordinary shares, par value $0.001 ("Class B Shares"), (ii) 833,333 Class C ordinary shares, par value $0.001 ("Class C Shares"); (iii) 90,000 Class A ordinary shares, par value $0.001 ("Class A Shares") directly owned by Mr. Hu, and (iv) 30,000 Class A Shares, which are expected to vest from restricted stock units ("RSUs") under the Amended and Restated 2021 Equity Incentive Plan within 60 days of this date. Each Class B Share is convertible into one (1) Class A Share at the option of the holder. Each Class C Share is convertible into one (1) Class A Share at the option of the holder. Each Class A Share shall be entitled to one (1) vote, each Class B Share shall be entitled to one hundred (100) votes, and each Class C Share shall be entitled to fifty (50) votes. (2) Percentage calculated based on 55,817,531Class A Shares outstanding, which is the sum of (i) 52,144,221 Class A Shares issued and outstanding as of August 22, 2025, (ii) 30,000 Class A Shares issuable upon the vesting of RSUs on September 30, 2025, (iii) 2,809,977 Class B Shares that may be converted by Mr. Hu into an equivalent number of Class A Shares at holder's sole discretion; and (iv) 833,333 Class C Shares that may be converted by Mr. Hu into an equivalent number of Class A Shares at holder's sole discretion.


SCHEDULE 13D


 
Yucheng Hu
 
Signature:/s/ Yucheng Hu
Name/Title:Yucheng Hu, an individual
Date:09/24/2025

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