Mangrove Coast Investment Ltd Shareholder Filing

Mangrove Coast Investment Ltd, through its trustee Rhone Trustees (Bahamas) Ltd., has reported a significant ownership stake in X Financial, holding 42.11% of the company's shares, amounting to 98,765,278 shares. This stake includes Class A ordinary shares represented by ADSs and Class B ordinary shares. Mr. Yue (Justin) Tang, as the beneficiary of the Mangrove Coast Trust and owner of Purple Mountain Holding Ltd., also holds shares. The total reported ownership by Mr. Tang and related entities is 49.01%. The filings indicate recent transactions in December 2025 and November 2025, including open market purchases and RSU vesting. While there is no present intention to acquire additional securities, the reporting persons reserve the right to review their investment and potentially make further acquisitions or dispositions.