AIFU INC. - Schedule 13D Filing

This filing details a Schedule 13D submission by Expansion Group Ltd, Vanguard First Limited, and Ileana Zhao concerning their beneficial ownership of AIFU INC. The Reporting Persons collectively acquired 8,100,250 shares, representing 38.69% of the outstanding Class A ordinary shares. The acquisition, completed on December 22, 2025, involved a share subscription agreement where Expansion Group Ltd purchased 5,000,000 Class B ordinary shares for US$2,000,000, funded by Ileana Zhao's personal funds. Ileana Zhao, who owns both Expansion Group Ltd and Vanguard First Limited, is deemed to beneficially own all shares held by these entities. The Reporting Persons acquired these shares for investment purposes and reserve the right to review and adjust their investment strategy based on various factors. They have no current plans for actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, but may engage in communications with the Issuer's management or shareholders. The filing also includes details on the principal business addresses, citizenship, and employment of the Reporting Persons, as well as incorporated exhibits such as the Joint Filing Agreement and lists of directors and executive officers.