Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 113

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 113
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 shares shown as beneficially owned by them. In computing
the number of common shares beneficially owned by a person listed below and the percentage ownership of such person, common shares underlying
options, warrants, restricted stock units, or convertible securities held by each such person that are exercisable or convertible within
60 days of March 31, 2025 are deemed outstanding.

The ownership information shown in the column
titled “ Percentage of Common Shares Beneficially Owned” in the table below is based on 19,488,614 common shares outstanding
as of March 31, 2025, retroactively adjusted for the twenty-for-one share combination, effective April 7, 2025. To our knowledge, 8,214,893
common shares, representing approximately 42.2% of our total outstanding shares, were held by 25 record shareholders with registered addresses
in the United States, including brokers and banks that hold securities in street name on behalf of their customers, as of March 31, 2025
We are not aware of any arrangement that may at a subsequent date, result in a change of control of the Company.

  Name and Address of Beneficial Owner                                                    
 ──────────────────────────────────────────────────────────────────────────────────────────
  5% or Greater Shareholders                                                              
  Zhitao He (1)                                                     11,874,949      58.8  
  Fred Chang (2)                                                     6,368,460      32.0  
  Executive Officers and Directors                                                        
  Anthony Chow (3)                                                     588,460      3.0   
  Robert Chang (4)                                                      21,399      *     
  Jamie Spannos (4)                                                      4,940      *     
  Montaque Hou (3)                                                     113,118      *     
  Michael Chen (5)                                                       2,042      *     
  Christina Ching (5)                                                    2,639      *     
  Fred Chang (2)                                                     6,368,460      32.0  
  Fuya Zheng                                                                 —      *     
  Gregory Moore                                                              —      *     
  Zhitao He (1)                                                     11,874,949      58.8  
  Yingmei Yang (6)                                                      19,885      *     
  Poi (Paul) Wu                                                              —      *     
  Richard Weil                                                               —      *     
  All Directors and Executive Officers as a Group (13