Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Checkbox checked   Rule 13d-1(c)
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schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person:  Note to Row 6: Each ADS represents ten (10) Class A Ordinary Shares, par value $0.0002 per share. Note to Row 11: Based on 88,138,581 shares of Class A Ordinary Shares, par value $0.0002 per share issued and outstanding as of March 31, 2026, as indicated in the Issuer's annual report on Form 20F filed with the Securities and Exchange Commission by the Issuer on April 28, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person:  Note to Row 6: Each ADS represents ten (10) Class A Ordinary Shares, par value $0.0002 per share. Note to Row 11: Based on 88,138,581 shares of Class A Ordinary Shares, par value $0.0002 per share issued and outstanding as of March 31, 2026, as indicated in the Issuer's annual report on Form 20F filed with the Securities and Exchange Commission by the Issuer on April 28, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person:  Note to Row 6: Each ADS represents ten (10) Class A Ordinary Shares, par value $0.0002 per share. Note to Row 11: Based on 88,138,581 shares of Class A Ordinary Shares, par value $0.0002 per share issued and outstanding as of March 31, 2026, as indicated in the Issuer's annual report on Form 20F filed with the Securities and Exchange Commission by the Issuer on April 28, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person:  Note to Row 6: Each ADS represents ten (10) Class A Ordinary Shares, par value $0.0002 per share. Note to Row 11: Based on 88,138,581 shares of Class A Ordinary Shares, par value $0.0002 per share issued and outstanding as of March 31, 2026, as indicated in the Issuer's annual report on Form 20F filed with the Securities and Exchange Commission by the Issuer on April 28, 2026.


SCHEDULE 13G



 
CRCM INSTITUTIONAL MASTER FUND (BVI), LTD.
 
Signature:/s/ Chun R. Ding
Name/Title:CRCM INSTITUTIONAL MASTER FUND (BVI), LTD.
Date:05/13/2026
 
CRCM LP
 
Signature:/s/ Chun R. Ding
Name/Title:CRCM LP
Date:05/13/2026
 
CRCM LLC
 
Signature:/s/ Chun R. Ding
Name/Title:CRCM LLC
Date:05/13/2026
 
Ding Chun R
 
Signature:/s/ Chun R. Ding
Name/Title:DING CHUN R
Date:05/13/2026