# EDGAR Filing Document

**Accession Number:** 0002085245
**File Stem:** 0001493152-25-020798
**Filing Date:** 2025-11
**Character Count:** 16589
**Document Hash:** 4e89957a4700659a0ff7cc69446ec696
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-020798.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001493152-25-020798

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NIP Group Inc.
- **CENTRAL INDEX KEY:** 0001966233
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94723
- **FILM NUMBER:** 251451616

**BUSINESS ADDRESS:**
- **STREET 1:** ROSENLUNDSGATAN 31
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** 118 63
- **BUSINESS PHONE:** 46-705775564

**MAIL ADDRESS:**
- **STREET 1:** ROSENLUNDSGATAN 31
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** 118 63

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ESVF Esports Group Inc.
- **DATE OF NAME CHANGE:** 20230216
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prosperity Oak Holdings Ltd
- **CENTRAL INDEX KEY:** 0002085245

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** COMMERCE HOUSE, WICKHAMS CAY 1,
- **STREET 2:** P.O. BOX 3140, ROAD TOWN,
- **CITY:** TORTOLA
- **PROVINCE COUNTRY:** D8
- **ZIP:** VG1110
- **BUSINESS PHONE:** 852 84899659

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** COMMERCE HOUSE, WICKHAMS CAY 1,
- **STREET 2:** P.O. BOX 3140, ROAD TOWN,
- **CITY:** TORTOLA
- **PROVINCE COUNTRY:** D8
- **ZIP:** VG1110

## Exhibit 99.1

**Exhibit 99.1**

**JOINT FILING AGREEMENT**

This Joint Filing Agreement hereby confirms the agreement by and among the undersigned that the Schedule 13D filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Class A Ordinary Shares, par value $0.0001 per share, of NIP Group Inc. is being filed, and all amendments thereto will be filed, on behalf of each of the entities named below that is named as a reporting person in such filing in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, each of the undersigned hereby executes this agreement as of November 5, 2025.

---

| | |
|:---|:---|
| **Prosperity Oak Holdings Limited** | **Prosperity Oak Holdings Limited** |
| By: | /s/ CHIU Chang-Wei |
| Name: | CHIU Chang-Wei |
| Title: | Director |

---

---

| |
|:---|
| /s/ CHIU Chang-Wei |
| CHIU Chang-Wei |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**NIP Group Inc.**

*(Name of Issuer)*

**Class A Ordinary Shares, par value US$0.0001 per share**

*(Title of Class of Securities)*

**654503101**

*(CUSIP Number)*

**CHIU Chang-Wei**<br>No. 2A, 255 Des Voeux Road West,<br>Sai Ying Pun, Hong Kong<br>Hong Kong K3 000000<br>852 84899659

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/03/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **654503101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Prosperity Oak Holdings Limited** | Name of reporting person<br>**Prosperity Oak Holdings Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**57965652.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**57965652.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**57965652.00** | Aggregate amount beneficially owned by each reporting person<br>**57965652.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29.4%** | Percent of class represented by amount in Row (11)<br>**29.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** 1. Note to Row 1:  Mr. CHIU Chang-Wei holds 100% of the voting power of the shares of Prosperity Oak Holdings Limited.

2. Each of Row 7, 9, and 11 represents 57,965,652 Class A Ordinary Shares held by Prosperity Oak Holdings Limited.

3. Note to Row 13: The percentage of class of securities beneficially owned by Prosperity Oak Holdings Limited is calculated based on a total of 197,363,156 Class A Ordinary Shares issued and outstanding (consisting of (i) 78,729,929 Class A Ordinary Shares issued and outstanding as of June 27, 2025, as reported in Exhibit 99.2 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 1, 2025; minus (ii) ,920,212 Class A Ordinary Shares surrendered and cancelled as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 8, 2025; plus (iii) 119,553,439 Class A Ordinary shares issued to Prosperity Oak Holdings Limited and certain other persons as the consideration of the Transaction (as defined herein below) on September 5 , 2025, as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on September 9, 2025). The voting power of the shares beneficially owned by Prosperity Oak Holdings Limited represents 6.1% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by Prosperity Oak Holdings Limited by the voting power of (i) a total of 197,363,156 Class A Ordinary Shares issued and outstanding, (ii) 24,641,937 Class B1 Ordinary Shares issued and outstanding as of June 27, 2025, as reported in Exhibit 99.2 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 1, 2025, and (iii) 13,362,381 Class B2 Ordinary Shares issued and outstanding as of June 27, 2025, as reported in Exhibit 99.2 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 1, 2025. In respect of all matters subject to a shareholders' vote, each Class A ordinary share is entitled to one vote, each Class B1 ordinary share is entitled to 20 votes, and each Class B2 ordinary share is entitled to 20 votes, voting together as one class.

| **CUSIP No.** | **654503101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CHIU Chang-Wei** | Name of reporting person<br>**CHIU Chang-Wei** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**57965652.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**57965652.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**57965652.00** | Aggregate amount beneficially owned by each reporting person<br>**57965652.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29.4%** | Percent of class represented by amount in Row (11)<br>**29.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** 1. Note to Row 1:  Mr. CHIU Chang-Wei holds 100% of the voting power of the shares of Prosperity Oak Holdings Limited.

2. Each of Row 7, 9, and 11 represents 57,965,652 Class A Ordinary Shares held by Prosperity Oak Holdings Limited.

3. Note to Row 13: The percentage of class of securities beneficially owned by Prosperity Oak Holdings Limited is calculated based on a total of 197,363,156 Class A Ordinary Shares issued and outstanding (consisting of (i) 78,729,929 Class A Ordinary Shares issued and outstanding as of June 27, 2025, as reported in Exhibit 99.2 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 1, 2025; minus (ii) ,920,212 Class A Ordinary Shares surrendered and cancelled as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 8, 2025; plus (iii) 119,553,439 Class A Ordinary shares issued to Prosperity Oak Holdings Limited and certain other persons as the consideration of the Transaction (as defined herein below) on September 5 , 2025, as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on September 9, 2025). The voting power of the shares beneficially owned by Prosperity Oak Holdings Limited represents 6.1% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by Prosperity Oak Holdings Limited by the voting power of (i) a total of 197,363,156 Class A Ordinary Shares issued and outstanding, (ii) 24,641,937 Class B1 Ordinary Shares issued and outstanding as of June 27, 2025, as reported in Exhibit 99.2 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 1, 2025, and (iii) 13,362,381 Class B2 Ordinary Shares issued and outstanding as of June 27, 2025, as reported in Exhibit 99.2 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 1, 2025. In respect of all matters subject to a shareholders' vote, each Class A ordinary share is entitled to one vote, each Class B1 ordinary share is entitled to 20 votes, and each Class B2 ordinary share is entitled to 20 votes, voting together as one class.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, par value US$0.0001 per share

**(b) Name of Issuer:**
NIP Group Inc.

**(c) Address of Issuer's Principal Executive Offices:**
Rosenlundsgatan 31, 11 863, Stockholm, Sweden, Stockholm, V7, 11863

**Item 4. Purpose of Transaction**

On June 27, 2025, the Issuer, Apex Cyber Capital Limited ("Apex Cyber") and Fortune Peak Limited ("Fortune Peak") entered into a definitive asset-purchase agreement (the "First Tranche Agreement"), which contemplates the acquisition by the Issuer of on-rack crypto mining machines with an aggregate hash rate of 3.11 EH/s through issuance of Class A Ordinary Shares of the Issuer.

On September 5, 2025, the Issuer, Apex Cyber, Fortune Peak and Prosperity Oak Holdings Limited entered into an amendment to the First Tranche Agreement (the "Amendment"), under which, among other things, Fortune Peak assigned all of its rights, benefits and obligations under the First Tranche Agreement to complete the transaction contemplated under the First Tranche Agreement (the "Transaction") to Prosperity Oak Holdings Limited ( the "Seller").

Pursuant to the First Tranche Agreement as amended by the Amendment, upon the closing of the Transaction, 57,965,652 Class A Ordinary Shares of the Issuer has been issued to the Seller. As a closing condition to the Transaction, upon the closing of the Transaction, the Seller, the Issuer and certain other parties also entered into an investor rights agreement (the "Investor Rights Agreement"), according to which the Seller is entitled to customary registration rights and the right to appoint one director of the Issuer, subject to certain restrictions. As of the closing of the Transaction on September 5, 2025, the Seller has appointed Simon Ming Yeung Tang to the board of the Issuer.

On November 3, 2025, the Issuer, the Seller, Apex Cyber and certain other party (the "Second Tranche Selling Parties") entered into an asset-purchase agreement. Under the agreement, subject to certain closing conditions, the Issuer will acquire mining infrastructure and computational capacity with a combined hash rate of approximately 8.19 EH/s  and will issue an aggregate of up to 314,515,762 Class A ordinary shares as consideration to the Second Tranche Selling Parties and/or the sellers that they procure.

The information set forth in Item 6 is hereby incorporated by reference in its entirety.

Other than as set forth in this Schedule 13D, no Reporting Person has any present plans or proposals which relate to or would result in:

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(c) A sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries;

(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

(e) Any material change in the present capitalization or dividend policy of the Issuer;

(f) Any other material change in the Issuer's business or corporate structure;

(g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

(h) A class of securities of the Issuer being delisted from a national securities exchange or ceasing to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

(j) Any action similar to any of those enumerated above.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Prosperity Oak Holdings Limited

**Signature:** /s/ CHIU Chang-Wei

**Name/Title:** CHIU Chang-Wei/Director

**Date:** 11/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CHIU Chang-Wei

**Signature:** /s/ CHIU Chang-Wei

**Name/Title:** CHIU Chang-Wei

**Date:** 11/05/2025