Aimin Kong and Hao Shun Investments Limited's Ownership in Oriental Culture Holding LTD

Aimin Kong and Hao Shun Investments Limited have filed a Schedule 13D with the SEC, disclosing their ownership in Oriental Culture Holding LTD. Mr. Kong, a citizen of China, beneficially owns 490,000 ordinary shares and 12,000,000 preferred shares, representing approximately 89.9% of the total voting power. Hao Shun Investments Limited, a British Virgin Islands company wholly owned by Mr. Kong, holds 12,000,000 preferred shares, each with 15 voting power. The filing also details the vesting terms of the preferred shares granted to Mr. Kong as part of his employment agreement with the company. The shares are subject to specific revenue and profit/loss conditions for vesting. The filing confirms that the vesting conditions have been met, and the shares have been issued to Hao Shun Investments Limited.