Analysis: Jack Ma holds approximately 11.15% of Yunfeng Financial, indirectly investing in ETH

ChainCatcher news, according to public data, Alibaba founder Jack Ma indirectly holds approximately 11.15% of shares in Yunfeng Financial through Yunfeng Fund, holds 29.85% in Yunfeng Financial Holdings Limited, and holds 40% (non-voting) in Shanghai Yunfeng Innovation.

Today, Hong Kong listed company Yunfeng Financial (00376.HK) announced that the company's board of directors has approved the purchase of ETH in the open market as reserve assets. As of the announcement date, the group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of 44 million USD. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is listed as investment assets in the group's financial statements.

Due to the complex equity structure with multiple layers of nesting, and currently no latest announcement to accurately calculate Jack Ma's indirect holding in Yunfeng Financial, the 11.15% shareholding ratio may fluctuate, and is the minimum ratio calculated based on the latest available announcements.