# EDGAR Filing Document

**Accession Number:** 0002077776
**File Stem:** 0001104659-25-069907
**Filing Date:** 2025-7
**Character Count:** 14567
**Document Hash:** 103a49df98b3bba001ec9367db9a2b96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-069907.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001104659-25-069907

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIAN RUIXIANG HOLDINGS LTD
- **CENTRAL INDEX KEY:** 0001782941
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92589
- **FILM NUMBER:** 251142596

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 21A JINGYUAN ART CENTER, 3 GUANGQU ROAD,
- **STREET 2:** CHAOYANG DISTRICT,
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** 01087529409

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 21A JINGYUAN ART CENTER, 3 GUANGQU ROAD,
- **STREET 2:** CHAOYANG DISTRICT,
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Medata Holdings Ltd
- **CENTRAL INDEX KEY:** 0002077776

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 0629

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

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** OMC CHAMBERS
- **STREET 2:** WICKHAMS CAY 1
- **CITY:** ROAD TOWN
- **NON US STATE TERRITORY:** TORTOLA
- **PROVINCE COUNTRY:** D8
- **ZIP:** VG 1110
- **BUSINESS PHONE:** 8616600087936

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO.1 QINGLIN ROAD, CHAOYANG DISTRICT
- **STREET 2:** ROOM 801, UNIT 2, BUILDING 3 SHIMAOAOLIN
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 00000

## Exhibit 99.2

**Exhibit 2**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Class A ordinary share, par value of US$0.025 per share, of TIAN RUIXIANG Holdings Ltd, a Cayman Islands Corporation, and that this Agreement may be included as an exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of July 22, 2025.

---

| | |
|:---|:---|
| Wei Zhu | Wei Zhu |
| **Signature:** | /s/ Wei Zhu |
| **Name/Title:** | Wei Zhu |
| **Date:** | 07/22/2025 |
| XinWei VISTA Trust | XinWei VISTA Trust |
| **Signature:** | /s/ Wei Zhu |
| **Name/Title:** | Protector |
| **Date:** | 07/22/2025 |
| Medata Holdings Limited | Medata Holdings Limited |
| **Signature:** | /s/ Wei Zhu |
| **Name/Title:** | Sole Director |
| **Date:** | 07/22/2025 |

---

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**TIAN RUIXIANG Holdings Ltd**

*(Name of Issuer)*

**Class A Ordinary Shares, par value $0.025 per share**

*(Title of Class of Securities)*

**G8884K128**

*(CUSIP Number)*

**Wei Zhu**<br>Room 918, Jingding Building<br>Xicheng District<br>Beijing F4 100032<br>(86) 13910563795

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

**06/30/2025**

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

| **CUSIP No.** | **G8884K128** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Wei Zhu** | Name of reporting person<br>**Wei Zhu** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (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>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**20147573.00** |
| 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>**20147573.00** |
| 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>**20147573.00** | Aggregate amount beneficially owned by each reporting person<br>**20147573.00** | |
| 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>**16.68%** | Percent of class represented by amount in Row (11)<br>**16.68%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** The number in Row 7, 9, and 11 consists of 20,147,573.00 class A ordinary shares, par value $0.025 per share of TIAN RUIXIANG Holdings Ltd (the "Issuer") directly held by Medata Holdings Limited.

| **CUSIP No.** | **G8884K128** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Medata Holdings Limited** | Name of reporting person<br>**Medata 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>**20147573.00** |
| 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>**20147573.00** |
| 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>**20147573.00** | Aggregate amount beneficially owned by each reporting person<br>**20147573.00** | |
| 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>**16.68%** | Percent of class represented by amount in Row (11)<br>**16.68%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The number in Row 7, 9, and 11 consists of 20,147,573.00 class A ordinary shares, par value $0.025 per share of TIAN RUIXIANG Holdings Ltd (the "Issuer") directly held by Medata Holdings Limited.

| **CUSIP No.** | **G8884K128** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**XinWei VISTA Trust** | Name of reporting person<br>**XinWei VISTA Trust** | |
| 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>**20147573.00** |
| 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>**20147573.00** |
| 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>**20147573.00** | Aggregate amount beneficially owned by each reporting person<br>**20147573.00** | |
| 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>**16.68%** | Percent of class represented by amount in Row (11)<br>**16.68%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** (1) 100% of the shares in Medata Holdings are held by the XinWei VISTA Trust.
(2) Wei Zhu is Protector, Appointor of XinWei VISTA Trust and may be deemed to share voting and investment power over the shares held by XinWei VISTA Trust.
(3) The number in Row 7, 9, and 11 consists of 20,147,573.00 class A ordinary shares, par value $0.025 per share of TIAN RUIXIANG Holdings Ltd (the "Issuer") directly held by Medata Holdings Limited.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, par value $0.025 per share

**(b) Name of Issuer:**
TIAN RUIXIANG Holdings Ltd

**(c) Address of Issuer's Principal Executive Offices:**
Room 918, Jingding Building, Xicheng District, Beijing, F4, 100032

**Item 4. Purpose of Transaction**

On May 30, 2025, TIAN RUIXIANG Holdings Ltd, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the "Company" or "TRX"), and its wholly-owned subsidiary, VitaCare Limited, a business company incorporated under the laws of the British Virgin Islands (the "Purchaser"), entered into a share exchange agreement (the "Agreement") with Ucare Inc., an exempted company incorporated under the laws of the Cayman Islands ("Ucare"), all shareholders of Ucare listed in Schedule A of the Agreement (the "Sellers"), including Medata Holdings Limited , and Mr. Wei Zhu serving as seller representative.

Pursuant to the Agreement, the Purchaser has agreed to acquire 100% of Ucare's issued and outstanding shares from Medata Holdings Limited and the other Sellers, in exchange for newly-issued class A ordinary shares (the "Class A Ordinary Shares") of a par value of US$0.025 each, of TRX (the "TRX Exchange Shares"). As a result of the transaction, Medata Holdings Limited  received 25,593,133 TRX Exchange Shares.

Except as set forth in this Item 4, the Reporting Persons do not have any present plans or proposals which relate to or would result in any of the transactions of this Item 4.

**Item 5. Interest in Securities of the Issuer**

**(a)**
References to percentage ownerships of Class A ordinary share in this Schedule 13D are based upon the 120,757,154 shares of Class A ordinary share stated to be outstanding as of June 30, 2025, as provided by the Issuer.

Each Reporting Person expressly disclaims beneficial ownership of any securities reported herein except to the extent such Reporting Person actually exercises voting or dispositive power with respect to such securities.

The responses of each Reporting Person to Rows (7) through (13) of the cover pages of this Schedule 13D are hereby incorporated by reference in this Item 5.

**(b)**
The responses of each Reporting Person to Rows (7) through (13) of the cover pages of this Schedule 13D are hereby incorporated by reference in this Item 5.

**(c)**
Except as described in Item 4, neither Reporting Person has effected any transactions in the Class A Ordinary Shares of the Issuer in the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Item 4 of this Schedule 13D is hereby incorporated by reference into this Item 6.

On July 22, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 2 and is incorporated herein by reference.

### 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:** Wei Zhu

**Signature:** /s/ Wei Zhu

**Name/Title:** Wei Zhu

**Date:** 07/22/2025

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:** Medata Holdings Limited

**Signature:** /s/ Wei Zhu

**Name/Title:** Sole Director

**Date:** 07/22/2025

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:** XinWei VISTA Trust

**Signature:** /s/ Wei Zhu

**Name/Title:** Protector

**Date:** 07/22/2025