Summary by Futu AI
On March 1, 2024, Zeng Lingzhi filed a Schedule 13G with the United States Securities and Exchange Commission (SEC), indicating a significant ownership stake in U Power Limited. The filing revealed that Zeng Lingzhi holds 300,000 ordinary shares of U Power Limited, representing 12.19% of the company's class of ordinary shares. This percentage was calculated based on 2,460,938 ordinary shares outstanding as of April 5, 2024. The address of Zeng Lingzhi's principal business office is located in Shanghai, China. The filing, which was completed on April 9, 2024, asserts that the shares were not acquired for the purpose of changing or influencing the control of U Power Limited, nor were they held in connection with any transaction with such purpose or effect.