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    SEC Form 3 filed by new insider Yang Changxiang

    3/27/26 7:24:03 PM ET
    $ZKH
    RETAIL: Building Materials
    Consumer Discretionary
    Get the next $ZKH alert in real time by email
    SEC FORM 3SEC Form 3
    FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
    or Section 30(h) of the Investment Company Act of 1940
    OMB APPROVAL
    OMB Number:3235-0104
    Estimated average burden
    hours per response:0.5
    1. Name and Address of Reporting Person*
    Yang Changxiang

    (Last)(First)(Middle)
    C/O ZKH GROUP LTD, 7F, TOWER T4
    LIHPAO PLAZA, 36 SHENBIN ROAD

    (Street)
    MINHANG DISTRICT, SHANGHAI200000

    (City)(State)(Zip)

    CHINA

    (Country)
    2. Date of Event Requiring Statement (Month/Day/Year)
    03/27/2026
    3. Issuer Name and Ticker or Trading Symbol
    ZKH Group Ltd [ ZKH ]
    3a. Foreign Trading Symbol
    5. If Amendment, Date of Original Filed (Month/Day/Year)
    4. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)
    XDirector10% Owner
    Officer (give title below)Other (specify below)
    6. Individual or Joint/Group Filing (Check Applicable Line)
    XForm filed by One Reporting Person
    Form filed by More than One Reporting Person
    Table I - Non-Derivative Securities Beneficially Owned
    1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
    Ordinary Shares1,102,500(1)D
    Class B Ordinary Shares4,158,540ISee footnote(2)
    Table II - Derivative Securities Beneficially Owned
    (e.g., puts, calls, warrants, options, convertible securities)
    1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
    Date ExercisableExpiration DateTitleAmount or Number of Shares
    Share Option (right to buy) (3)11/30/2033Ordinary Shares700,000$0.2609D
    Share Option (right to buy) (4)05/30/2030Ordinary Shares2,542,735$0(5)D
    Restricted Share Units (6) (6)Ordinary Shares693,000$0D
    Restricted Share Units (7) (7)Ordinary Shares1,312,500$0D
    Explanation of Responses:
    1. Represents restricted share units (the "RSUs"). Each RSU represents a contingent right to receive one ordinary share of the Issuer upon settlement. 577,500 of the RSUs vests over 4 years starting on January 18, 2025, with 25% vesting annually, and 525,000 RSUs vests over 4 years starting on January 18, 2026, with 25% vesting annually, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
    2. These securities are held of record by Roger Yang Limited. Roger Yang Limited is wholly owned by Roger Yang II Limited, which is in turn wholly owned by the Reporting Person. The Reporting Person may be deemed to have voting and dispositive power over, and be the beneficial owner of, the securities held by Roger Yang Limited. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
    3. The shares subject to the option vest over 4 years starting from July 1, 2023, with 25% vesting annually
    4. 100% of the shares subject to the option have vested on December 31, 2021.
    5. The exercise prices is $0.0000001.
    6. RSUs vest after 3 years from the grant date of January 18, 2025, subject to performance results
    7. RSUs vest after 3 years from the grant date of January 18, 2026, subject to performance results
    Remarks:
    Exhibit 24 - Power of Attorney
    /s/ Jin Li, Attorney-in-Fact03/27/2026
    ** Signature of Reporting PersonDate
    Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
    * If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
    ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
    Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
    Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
    * Form 3: SEC 1473 (03-26)
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