Sec Form 13G Filing - Sanwei Liu filing for - 2025-10-24

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)






SCHEDULE 13G



Comment for Type of Reporting Person:  1 Sanwei Liu, through the 100% ownership of Fixed Star Future Technology Ltd., a private company limited by shares registered in Hong Kong ("Fixed Star"), beneficially owns 27,683,333 newly issued shares of common stock of the Issuer pursuant to that certain: (i) Business Cooperation Intent Agreement dated as of August 1, 2025, as amended (the "BC Agreement"), by and between the Issuer and the other parties thereto; and (ii) a Securities Purchase Agreement entered into on August 27, 2025 (the "SPA"). Xiaodong Liu is the sole director of Fixed Star and as such, Xiaodong Liu has voting and investment discretion with respect to the ordinary shares held of record by Fixed Star and may be deemed to have beneficial ownership of the shares held directly by Fixed Star. Therefore, both Sanwei Liu and Xiaodong Liu are deemed to have shared voting power over the 27,683,333 shares. 2 This percentage is calculated based upon 188,180,751 shares of common stock issued and outstanding (as of September 17, 2025), as set forth in the Issuer's quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on September 24, 2025.


SCHEDULE 13G



Comment for Type of Reporting Person:  3 Xiaodong Liu is the sole director of Fixed Star and as such, Xiaodong Liu has voting and investment discretion with respect to the ordinary shares held of record by Fixed Star and may be deemed to have beneficial ownership of the shares held directly by Fixed Star. Therefore, both Sanwei Liu and Xiaodong Liu are deemed to have shared voting power over the 27,683,333 newly issued shares of common stock of the Issuer pursuant to the BC Agreement and SPA. 4 This percentage is calculated based upon 188,180,751 shares of common stock issued and outstanding (as of September 17, 2025), as set forth in the Issuer's quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on September 24, 2025.


SCHEDULE 13G



Comment for Type of Reporting Person:  5 Fixed Star is a Hong Kong entity, and it does not possess an Employer Identification Number (EIN). 6 Sanwei Liu, through the 100% ownership of Fixed, beneficially owns 27,683,333 newly issued shares of common stock of the Issuer pursuant to the BC Agreement and SPA. Xiaodong Liu is the sole director of Fixed Star and as such, Xiaodong Liu has voting and investment discretion with respect to the ordinary shares held of record by Fixed Star and may be deemed to have beneficial ownership of the shares held directly by Fixed Star. Both Sanwei Liu and Xiaodong Liu are deemed to have shared voting power over the 27,683,333 shares. 7 This percentage is calculated based upon 188,180,751 shares of common stock issued and outstanding (as of September 17, 2025), as set forth in the Issuer's quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on September 24, 2025.


SCHEDULE 13G


 
Sanwei Liu
 
Signature:/s/ Sanwei Liu
Name/Title:Sanwei Liu/Individual
Date:10/24/2025
 
Xiaodong Liu
 
Signature:/s/ Xiaodong Liu
Name/Title:Xiaodong Liu/Individual
Date:10/24/2025
 
Fixed Star Future Technology Ltd.
 
Signature:/s/ Xiaodong Liu
Name/Title:Xiaodong Liu/Director
Date:10/24/2025
Exhibit Information

99.1 Joint Filing Agreement

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