Sec Form 3 Filing - Crystal Robert J. @ General Fusion Group Ltd. - 2026-07-10

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Crystal Robert J. 2. Issuer Name and Ticker or Trading Symbol General Fusion Group Ltd. [ GFUZ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Senior VP, Finance (Last) (First) (Middle) 6020 RUSS BAKER WAY 3. Date of Earliest Transaction (MM/DD/YY) 07/10/2026 (Street) RICHMONDV7B 1B4 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 21,919 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (right to buy) $ 4.5 ( 1 ) 10/01/2030 Common Shares 1,711 D Stock Option (right to buy) $ 6.67 ( 1 ) 12/22/2031 Common Shares 3,421 D Stock Option (right to buy) $ 5.5 ( 2 ) 08/01/2033 Common Shares 11,972 D Stock Option (right to buy) $ 5.44 ( 2 ) 09/11/2034 Common Shares 2,857 D Stock Option (right to buy) $ 0.53 ( 3 ) 08/06/2035 Common Shares 217,075 D Stock Option (right to buy) $ 8.95 ( 4 ) 05/27/2036 Common Shares 116,293 D Earnout Options (right to buy) $ 0.01 ( 1 )( 5 ) 10/01/2030 Earnout Shares 356 D Earnout Options (right to buy) $ 0.01 ( 1 )( 5 ) 07/10/2031 Earnout Shares 712 D Earnout Options (right to buy) $ 0.01 ( 2 )( 5 ) 07/10/2031 Earnout Shares 3,089 D Earnout Options (right to buy) $ 0.01 ( 4 )( 5 ) 07/10/2031 Earnout Shares 24,227 D Earnout Options (right to buy) $ 0.01 ( 3 )( 5 ) 07/10/2031 Earnout Shares 45,223 D Earnout Shares ( 5 ) ( 5 ) 07/10/2031 Common Shares 4,563 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Crystal Robert J. 6020 RUSS BAKER WAY RICHMONDV7B 1B4 Senior VP, Finance Signatures /s/ Griffin D. Foster, as attorney-in-fact for Robert J. Crystal 07/21/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Fully vested. ( 2 ) These options vested as to 25% of the underlying shares on the first anniversary of the original date of grant by General Fusion Inc. (the "Legacy Company"), or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Legacy Company's business combination with Spring Valley Acquisition Corp. III (the "Business Combination") remained vested following their exchange for options of General Fusion Group Ltd. (the "Company"), and the Earnout Options associated with each option award retained the vesting history of the associated option award. ( 3 )These options vested as to 25% of the underlying shares on the original date of grant by the Legacy Company, or in the case of Earnout Options, the original date of grant of the associated option award, and 25% of the remaining shares will vest on the first anniversary of the original date of grant, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in twelve substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Business Combination remained vested following their exchange for options of the Company, and the Earnout Options associated with each option award retained the vesting history of the associated option award. ( 4 )These options vest as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. ( 5 )Earnout Shares, including the Earnout Shares underlying the Earnout Options, consist of a substantially equal number of Class A Earnout Shares, Class B Earnout Shares, and Class C Earnout Shares, which will automatically convert into common shares of the Company if, on or before July 10, 2031, the volume weighted average price of the Company's common shares equals or exceeds each of $15.00, $20.00 and $25.00, respectively, for any 20 trading days within any period of 30 consecutive trading days.

Remarks: Exhibit List: Exhibit 24-Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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