# EDGAR Filing Document

**Accession Number:** 0002114022
**File Stem:** 0001493152-26-028790
**Filing Date:** 2026-6
**Character Count:** 63477
**Document Hash:** cd78e176915722db698989bf34e7388d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-028790.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0001493152-26-028790

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

**PUBLIC DOCUMENT COUNT**: 19

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260615

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Newegg Commerce, Inc.
- **CENTRAL INDEX KEY:** 0001474627
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85834
- **FILM NUMBER:** 261092755

**BUSINESS ADDRESS:**
- **STREET 1:** 21688 GATEWAY CENTER DR
- **STREET 2:** #300
- **CITY:** DIAMOND BAR
- **STATE:** CA
- **ZIP:** 91765
- **BUSINESS PHONE:** (8610)8860-9850

**MAIL ADDRESS:**
- **STREET 1:** 21688 GATEWAY CENTER DR
- **STREET 2:** #300
- **CITY:** DIAMOND BAR
- **STATE:** CA
- **ZIP:** 91765

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lianluo Smart Ltd
- **DATE OF NAME CHANGE:** 20161118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dehaier Medical Systems Ltd
- **DATE OF NAME CHANGE:** 20091015
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Digital Grid (Hong Kong) Technology Co., Ltd
- **CENTRAL INDEX KEY:** 0002114022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** K3
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 21ST FLOOR, BLOCK A, LIAISON BUILDING,
- **STREET 2:** NO. 27, INTERNET OF THINGS STREET,
- **CITY:** BINJIANG DISTRICT, HANGZHOU
- **NON US STATE TERRITORY:** ZHEJIANG PROVINCE
- **PROVINCE COUNTRY:** F4
- **ZIP:** 310051
- **BUSINESS PHONE:** 86-0571-2828-0882

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 21ST FLOOR, BLOCK A, LIAISON BUILDING,
- **STREET 2:** NO. 27, INTERNET OF THINGS STREET,
- **CITY:** BINJIANG DISTRICT, HANGZHOU
- **NON US STATE TERRITORY:** ZHEJIANG PROVINCE
- **PROVINCE COUNTRY:** F4
- **ZIP:** 310051

## Exhibit 4.7

**Exhibit 4.7**

**JUDGMENT ENFORCEMENT GUARANTEE AGREEMENT**

**Applicant for Judgment Enforcement:** Bank of China Co., Ltd. Zhejiang Branch ("Bank of China")

**Judgment Debtors:** Digital Grid (Hong Kong) Technology Co., Limited ("Digital Grid"); Hangzhou Lianluo Interactive Information Technology Co., Ltd.

**Guarantor:** Hangzhou Gaochi Information Consulting Co., Ltd.

**RECITALS:**

&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Applicant for Judgment Enforcement and the Judgment Debtors are parties to five cases involving
 disputes arising from loan agreements, pledge agreements, and other contracts, which are
 currently being enforced by the Hangzhou Intermediate People's Court under Case Nos.
 (2023) Zhe 01 Zhi 1621–1625.

&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Judgment Debtors intend to repay the debts by removing the pledge and disposing of shares
 of Newegg Commerce, Inc. ("Newegg" or "NEGG", ticker symbol: NEGG)
 over time. For the purpose of disposing of the Newegg shares, the Judgment Debtors and Tiger
 Brokers (NZ) Limited (the "Broker") have entered into a share sale agreement
 (see Exhibit G).

&nbsp;&nbsp;&nbsp;&nbsp;3. All
 debts owed by the Judgment Debtors to the Applicant for Judgment Enforcement in connection
 with the above cases, including but not limited to all debts confirmed under the effective
 court judgments and enforcement proceedings, as well as all related principal, interest,
 fees, and costs incurred in pursuing such claims, are collectively referred to herein as
 the "Debts."

To further ensure the repayment of the Debts in these cases, the parties have reached the following agreement through consultation regarding the disposal of the Newegg shares and the provision of execution guarantees by the Guarantor:

**Article 1.** The Guarantor agrees to provide a cash deposit as guarantee to the Applicant for Judgment Enforcement for the performance of the Judgment Debtors' obligations under this Agreement and other related agreements, and shall, within two (2) days after the execution of this Agreement, open a guarantee deposit account at Bank of China and deposit RMB 5,000,000 (five million yuan) therein. All parties shall jointly process the execution guarantee procedures with the Hangzhou Intermediate People's Court, and the court shall issue legal documentation to freeze such deposit.

The Applicant for Judgment Enforcement shall release the pledge on the first batch of shares corresponding to the deposit amount, with the number of shares to be released calculated at 80% of the number of shares valued at the closing price on the trading day immediately preceding the date on which the Applicant for Judgment Enforcement issues the consent-to-sell letter, i.e.: Number of shares to be released = (Deposit amount ÷ USD-RMB exchange rate on the day ÷ closing share price on prior day) × 80%. Subsequent share pledge releases and disposals shall follow the same formula.

On the date the Applicant for Judgment Enforcement decides whether to issue a consent-to-sell letter, if, upon calculation, the market value of the remaining unreleased pledged shares is less than the outstanding Debts of the Judgment Debtors (including principal, interest, and advanced expenses), then the Applicant for Judgment Enforcement has the right to refuse to consent to the release of the share pledge and to withhold the consent-to-sell letter.

**Article 2. Definitions.** For the purposes of this Agreement:

"Business Day" means a day on which banks are open for general banking business in Hong Kong, New York City, New York, and the People's Republic of China (excluding Saturdays and Sundays).

"Pledged Securities" means all shares of Newegg held by Digital Grid that are subject to Bank of China's security interest under the Pledge Agreement, and for which Computershare maintains a corresponding electronic share account in the name of Digital Grid in its books and records.

"Trading Day" means a date on which the Nasdaq Stock Market is open for trading.

**Article 3.** Within two (2) Business Days after the execution of this Agreement, Digital Grid shall file a Form 13D disclosure report with the U.S. Securities and Exchange Commission ("SEC") regarding this Agreement.

**Article 4.** Within five (5) Business Days after the execution of this Agreement, Digital Grid shall obtain from Newegg the anticipated trading windows ("Trading Windows") for its insiders to sell shares under Rule 144 within the 12 months following the execution date of this Agreement, and shall simultaneously copy Bank of China on all correspondence with Newegg regarding the Trading Windows.

The parties understand that, given that Newegg may from time to time impose blackout periods during which Newegg may notify Digital Grid that no transactions involving the purchase or sale of the Pledged Securities are permitted, the actual Trading Windows may differ from the anticipated Trading Windows provided by Newegg under this Article 4. Notwithstanding the foregoing, Digital Grid shall use its best efforts to confirm from time to time with Newegg any updates to the Trading Windows, and shall copy Bank of China on all related communications with Newegg regarding the Trading Windows.

Digital Grid hereby agrees that, within the disposal period specified in this Agreement and to the extent permitted by law and Newegg company policies, it shall continuously and without interruption sell the Pledged Securities until the Debts are fully repaid; and it shall, within each Trading Window, conduct sales of the Pledged Securities under Rule 144 in accordance with Article 5 below.

**Article 5.** The parties agree to dispose of the Pledged Securities in accordance with the following procedures and terms:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Rule 144 Sale Procedures.** With respect to each Rule 144 sale contemplated under this Agreement, the parties agree and confirm as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) After Digital Grid has filed with the SEC its Schedule 13D with a fully executed copy of this Agreement attached, and (i) no later than thirty (30) Business Days prior to the start of a Trading Window disclosed or confirmed by Newegg, or (ii) immediately upon an actual Trading Window becoming available, Digital Grid shall immediately send Bank of China an email notice (the "Sale Notice") specifying the start date and end date of the Trading Window and the number of Pledged Securities proposed to be sold under Rule 144 (the "Rule 144 Sale Shares"), as set forth in Exhibit A, in order to request Bank of China's consent to remove the "Bank of China restrictive legend" from the proposed Rule 144 Sale Shares. If Digital Grid fails to send a Sale Notice pursuant to Section 5(1)(a), and during the term of this Agreement, the number of Rule 144 sales actually completed by Digital Grid in any year shall not be less than the total number of Trading Windows disclosed or confirmed by Newegg during that year. If the number of Rule 144 sales actually completed in a given year is less than the above number of Newegg Trading Windows by a difference equal to or greater than one (1), it shall be deemed a breach of this Agreement by Digital Grid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Bank of China shall, within five (5) Business Days from the date of the Sale Notice, notify Digital Grid of its decision on whether to consent to such Sale Notice. Bank of China shall not withhold its consent without cause. If Bank of China does not respond, Digital Grid shall deem that Bank of China has not given consent to the Sale Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If Bank of China consents to the Rule 144 sale proposed in the Sale Notice, it shall send Digital Grid and Newegg a Consent & Instruction Letter (the "Bank of China Consent and Instruction Letter") in a form substantially similar to the letter attached as Exhibit B hereto, specifying the following: (i) Bank of China's consent to the removal of the "Bank of China restrictive legend" from the [number] Rule 144 Sale Shares under such Sale Notice; (ii) the Trading Window Start Date and Trading Window End Date for the Rule 144 sale; (iii) within fifteen (15) days of receipt of the Bank of China Consent and Instruction Letter, Digital Grid shall transfer the Rule 144 Sale Shares to the Broker Account; (iv) Digital Grid shall instruct the Broker to complete the sale of all Rule 144 Sale Shares no later than the Trading Window End Date, at prices no lower than 80% of the average closing price of Newegg shares during the twenty (20) consecutive Trading Days immediately preceding the date of the Bank of China Consent and Instruction Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Digital Grid shall, as soon as practicable and in any event within three (3) Business Days after receipt of the Bank of China Consent and Instruction Letter, instruct Newegg (copying Bank of China) to send an instruction letter to Newegg's transfer agent, Computershare Limited ("Computershare"). Such instruction letter shall be substantially in the form of Exhibit C attached hereto, instructing (i) the transfer of the Rule 144 Sale Shares to the Broker, and (ii) the removal of all Bank of China pledge-related legends from such Rule 144 Sale Shares in accordance with such instruction letter. The parties acknowledge that the speed at which Newegg and Computershare process shareholder notices and requests and transfer shares to the designated broker account is entirely within the control of Newegg and Computershare, and that Digital Grid has no control over the manner, timing, or speed at which Computershare processes such notices and requests; accordingly, Digital Grid shall not be liable for any delays arising therefrom or any consequential effects on the Rule 144 sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If required by Newegg, Digital Grid shall, as soon as practicable and in any event within one (1) Business Day after filing Form 144 with the SEC: (i) deliver or cause to be delivered to Newegg's transfer agent Computershare Limited ("Computershare") a Rule 144 legal opinion (the "Rule 144 Legal Opinion") issued by qualified legal counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Digital Grid shall cause the Broker to issue, as soon as practicable under any circumstances, a broker's representation letter with respect to the Rule 144 Sale Shares to be sold, in a form substantially consistent with the broker's representation letter approved by Computershare and attached hereto as Exhibit 1. Upon receipt by the Broker of the Rule 144 Sale Shares transferred by Computershare, Digital Grid shall immediately file Form 144 with the SEC and cause the Broker to execute the Rule 144 sale on the same day, subject to applicable legal and regulatory restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Subject to Newegg's daily trading volume limits, Digital Grid shall cause the Broker to provide Digital Grid with detailed transaction information and account statements promptly after the Trading Window End Date. Digital Grid shall forward the transaction information and account statements to Bank of China in their original format within one (1) day of receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) If all Rule 144 Sale Shares in the Broker Account have been sold prior to the Trading Window End Date, Bank of China shall have the right, to the extent practicable, to require Digital Grid (and Digital Grid shall be obligated upon Bank of China's request) to issue an additional Sale Notice for the purpose of continuing to sell additional Pledged Securities under Rule 144 during the remaining trading days within the same Trading Window.

**2. Account Characteristics.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Broker Account.** The Broker has opened a securities account in the name of Digital Grid, account number 9615343 (the "Broker Account").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Unsold Pledged Securities.** Digital Grid should cause the Broker to sell the Newegg Rule 144 Sale Shares in the Broker Account in accordance with Article 5 of this Agreement. If any Rule 144 Sale Shares remain unsold on the Trading Window End Date, the parties agree that: Digital Grid shall return such unsold Rule 144 Sale Shares to Computershare and cause Computershare to restore all applicable restrictive legends on such unsold Rule 144 Sale Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Restrictions on Pledged Securities.** Digital Grid agrees and warrants that the unsold Pledged Securities held by Digital Grid (subject to Bank of China's security interest under the Pledge Agreement) shall be held by Digital Grid at Computershare and shall not be sold or transferred without Bank of China's prior express written consent. Digital Grid shall not make any disposition arrangement with respect to the Pledged Securities in any manner that conflicts with, is adverse to, or in any way (directly or indirectly) impairs or damages the rights and interests of Bank of China as pledgee with respect to the Pledged Securities.

**3. Sale Proceeds and Fund Transfers.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to Article 11 of this Agreement, Digital Grid shall, within two (2) Business Days after the date on which all Rule 144 Sale Shares of each batch in the Broker Account have been fully sold (as evidenced by the Broker's transaction records), transfer the proceeds from the sale of such batch of Rule 144 Sale Shares (after deduction of Broker fees permitted under Article 5 of this Agreement) and all other available funds in the Broker Account (if any) to the bank account of Digital Grid's share fund account at Bank of China (Hong Kong) Limited (Account No.: 012 666 2 007778 6), and shall transfer the above funds to the Bank of China account designated in Exhibit 2 of this Agreement; and all such sale proceeds shall be used to repay the outstanding Debts. The aforesaid two (2) Business Day period shall be measured by the time at which the relevant funds are actually received in the Bank of China account designated in Exhibit 2 of this Agreement.

**Article 6. Reservation of Rights.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The execution and performance of this Agreement shall not constitute a discharge, set-off, or release of the Debts, nor shall it constitute a novation or replacement arrangement. All rights of Bank of China under the Loan Agreements and Pledge Agreements shall not be affected or diminished by the execution of this Agreement. This Agreement also does not affect the legal validity of the effective judgments and orders issued by the Hangzhou Intermediate People's Court and the Zhejiang Higher People's Court in connection with cases (2023) Zhe 01 Zhi 1621–1625, and all rights of Bank of China under the Chinese Judgments shall not be bound or limited by this Agreement. Nothing in this Agreement shall be construed as or constitute a waiver by Bank of China of its right to collect the Debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nothing in this Agreement shall be construed as or constitute a waiver by Bank of China of any rights it may have against any third party (including but not limited to joint debtors and guarantors).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This Agreement does not limit Bank of China's right to initiate litigation or apply for recognition and enforcement of the Chinese Judgments regarding the Debts in any jurisdiction outside the People's Republic of China (including but not limited to U.S. federal and state courts). Bank of China's execution of this Agreement and receipt of any payments hereunder shall not be deemed a waiver of Bank of China's right to seek the aforementioned foreign judicial remedies, nor may they be invoked by the Judgment Debtors or the Guarantor as a defense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Bank of China's failure or delay in exercising any right, power, or remedy under this Agreement and related agreements shall not be deemed a waiver of such right, power, or remedy; nor shall any single or partial exercise of any right, power, or remedy preclude any further or other exercise thereof or of any other right, power, or remedy.

**Article 7. Document Approval.** The parties confirm that the Loan Agreements, Pledge Agreements, and other documents related to the Debts under this Agreement remain in full force and effect. Without limiting the foregoing, Digital Grid represents and warrants that the Pledged Securities shall continue to serve as security for Digital Grid's debts.

**Article 8. Amendment.** The parties to this Agreement may amend, supplement, or modify this Agreement by executing a written agreement. No amendment, supplement, or modification of this Agreement, or waiver of any right under this Agreement, shall be binding on any party unless made in writing and signed by all parties to this Agreement.

**Article 9. Entire Agreement.** This Agreement constitutes the entire agreement among the parties with respect to its subject matter and supersedes any prior agreements among the parties and any contemporaneous oral agreements. Unless made in writing and signed by the party against whom enforcement is sought, no modification of this Agreement or waiver of rights under this Agreement shall be binding.

**Article 10. Notices.** All notices under this Agreement, including but not limited to communications between the parties under Article 5 above, shall be made in writing (including by email) and sent to the respective addresses of the parties set forth below (or such other address as any party may from time to time designate in writing to the other parties):

To Bank of China,

Attention: honglinzs_zj@bank-of-china.com

To Digital Grid,

Attention: zhangkaiping@lianluo.com

**Article 11.** The Judgment Debtors shall, within two (2) Business Days after the Trading Window End Date for each agreed Trading Window, apply the sale proceeds from each batch of pledge-removed Newegg shares to the repayment of Debts (in the order of expenses, principal, and interest), and shall not divert such proceeds for any other purpose. The sale proceeds shall be based on the settlement statements of the Broker and the actual dollar amount received confirmed by the Applicant for Judgment Enforcement. If the amount applied to repay the Debts is inconsistent with the sale proceeds (after deduction of Broker fees/commissions/wire transfer fees), such inconsistency shall be deemed a breach of the agreed obligations by the Judgment Debtors. After the Judgment Debtors remit the sale proceeds (in USD) to the Applicant for Judgment Enforcement's designated bank account, the actual amount of debt repayment shall be determined based on the RMB amount converted at the exchange rate on the date Bank of China processes the foreign exchange settlement.

**Article 12.** Upon the occurrence of any of the following events, the Guarantor voluntarily accepts the direct compulsory enforcement by the Hangzhou Intermediate People's Court against the RMB 5,000,000 security deposit submitted by the Guarantor, which shall be applied to the repayment of the Judgment Debtors' Debts to the Applicant for Judgment Enforcement (in the order of expenses, principal, and interest):

&nbsp;&nbsp;&nbsp;&nbsp;1. If
 the pledged Newegg shares fail to be fully sold and disposed of within the period provided
 in this Agreement due to the Judgment Debtors' fault, and the Judgment Debtors also
 fail to restore the Bank of China-specific pledge-related legend (i.e., restore the unsold
 shares' status as pledged shares in favor of Bank of China as existed prior to the
 execution of this Agreement) within fifteen (15) days after the expiration of the sale period;

&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Judgment Debtors fail to transfer the sale proceeds in full and on time to the Applicant
 for Judgment Enforcement's designated bank account; or

&nbsp;&nbsp;&nbsp;&nbsp;3. The
 Judgment Debtors breach any obligation under this Agreement or any other related agreement.

**Article 13.** If the pledged Newegg shares fail to be fully sold and disposed of within the period specified in this Agreement due to the Judgment Debtors' fault, the Applicant for Judgment Enforcement shall also have the right to pursue the Judgment Debtors' legal liability through the following means: (1) the Hangzhou Intermediate People's Court may, based on the Judgment Debtors' actual performance of this Agreement, take enforcement measures in accordance with applicable laws and regulations; (2) evidence of the Judgment Debtors' breach of this Agreement and related agreements shall also serve as valid evidence for the Applicant for Judgment Enforcement's initiation of overseas litigation.

**Article 14.** If the Guarantor fails to open the security deposit account at Bank of China and deposit the full amount of the security deposit within the time period specified in this Agreement, the Hangzhou Intermediate People's Court shall have the right to directly enforce the Guarantor's other assets within the amount of the security deposit that should have been paid, to be applied to the repayment of the Debts, and the Guarantor has no objection thereto.

**Article 15.** In the event that force majeure events, including but not limited to, failures in securities company, securities registration and settlement institution, or trading systems, changes in regulatory policies, Trading Window restrictions, share suspension, or cross-border fund transfer arrangements, result in delays in removing the pledge from the shares, causing shares not sold or funds not arriving on time, the parties shall communicate and negotiate a resolution within three months of the occurrence of such event. The Judgment Debtors shall notify the Applicant for Judgment Enforcement within three (3) days after the occurrence of such event, provide necessary explanations, and continue to advance the share disposal and debt repayment after the relevant obstacle is removed. If the parties to this Agreement fail to reach a written resolution within three months, it shall be deemed a breach by the Judgment Debtors, and the Guarantor voluntarily accept the direct compulsory enforcement by the Hangzhou Intermediate People's Court against the RMB 5,000,000 security deposit in accordance with Article 12 of this Agreement.

**Article 16.** The share sale/disposal period under this Agreement is one (1) year from the date of execution of this Agreement. Upon expiration, the parties shall re-sign an agreement regarding whether the Applicant for Judgment Enforcement agrees to allow the Judgment Debtors to continue selling shares in accordance with this Agreement. Regardless of whether the parties are able to sign a new agreement at that time, the effectiveness of this Agreement shall not be affected, and the Guarantor shall independently and irrevocably assume the guarantee liability stipulated in this Agreement.

**Article 17.** This Agreement shall take effect upon execution by all parties and is made in six (6) counterparts, with each party holding one copy and one copy to be retained by the Hangzhou Intermediate People's Court.

**Applicant for Judgment Enforcement:** Bank of China Co., Ltd. Zhejiang Branch

Person in Charge: Wang Xiaotao [signed] Date: June 11, 2026

**Judgment Debtor 1:** Digital Grid (Hong Kong) Technology Co., Limited

Legal Representative or Authorized Agent: Zhitao He [signed] Date: June 11, 2026

**Judgment Debtor 2:** Hangzhou Lianluo Interactive Information Technology Co., Ltd.

Legal Representative or Authorized Agent: Zhitao He [signed] Date: June 11, 2026

**Guarantor:** Hangzhou Gaochi Information Consulting Co., Ltd.

Legal Representative or Authorized Agent: Zhu Huigang [signed] Date: June 11, 2026

**<u>Process Exhibits</u>:**

**EXHIBIT A**

**Sale Notice**

To: Bank of China

From: Digital Grid

Date of Notice:

Dear Sir or Madam:

Pursuant to Newegg's written confirmation of the upcoming Trading Window, and pursuant to Rule 144 and Newegg's constituency documents and policies, Digital Grid hereby requests Bank of China's consent to sell the Pledged Securities as follows:

○ Trading Window Start Date:

○ Trading Window End Date:

○ Total number of shares of the Pledged Securities for sale under Rule 144 during this Trading Window ("Proposed Shares"):

○ The average closing price of Newegg shares over the thirty (30) Trading Days preceding the date of Notice:

Please provide your consent for the sale and the removal of Bank of China-specific restrictive legends from the Proposed Shares.

**<u>Process Exhibits</u>:**

**EXHIBIT B**

**Bank of China Consent & Instruction Letter**

VIA EMAIL

To: Digital Grid, Newegg

From: Bank of China

Bank of China hereby gives its consent to remove the Bank of China-specific restrictive legends from [NUMBER] of shares of the Pledged Securities ("**Rule 144 Sale Shares**") upon Digital Grid's filing of a Form 144 with the SEC with respect to proposed sale of such Rule 144 Sale Shares and instructs the following:

&nbsp;&nbsp;&nbsp;&nbsp;1. Digital
 Grid shall transfer, or cause the transfer of, all of the Rule 144 Sale Shares to the Broker
 Account within [x] days after the date of this letter;

&nbsp;&nbsp;&nbsp;&nbsp;2. Trading
 Window shall start from [start date] ()"**Trading Window Start Date**") and
 end at [end date] ()"**Trading Window End Date** ");

&nbsp;&nbsp;&nbsp;&nbsp;3. Digital
 Grid shall cause the Broker, in compliance with Rule 144, to execute sales of the Rule 144
 Sale Shares on a continuous basis during the Trading Window and to complete the sale of all
 Rule 144 Sale Shares prior to the Trading Window End Date.

**<u>Process Exhibits</u>:**

**EXHIBIT C**

To: Newegg

From: Digital Grid

Date: [_____]

Message: Please send an instruction letter below to Computershare.

**INSTRUCTION LETTER**

Issued at Filing Date to Transfer Shares to Broker

Newegg Commerce, Inc.

17560 Rowland Street

City of Industry, CA 91748

VIA EMAIL

Computershare

6200 S. Quebec St.

Greenwood Village, CO 80111

Attn: [_____]

Re: Newegg Commerce, Inc.

Computershare team,

Newegg Commerce, Inc., a business company incorporated under the laws of the British Virgin Islands (NEGG), hereby authorizes and directs you, as transfer agent for NEGG securities, to do the following:

&nbsp;&nbsp;&nbsp;&nbsp;1. Remove
 legend 71 (Bank of China Restricted Stock Agreement) and 72 (SH Agreement) with respect to
 the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Common Stock** | **Paper / Electronic** | **Class** | **Holder** | **Identifier** |
| [X] shares | Electronic | C01 (Newegg Commerce common shares) | C0000000027 (Hong Kong) | (Digital Grid Technology Co Limited) |

---

After release of the legends noted in step 1 above, this holder should have:

[11,141,079 – X] remaining shares of Common Stock in book entry form with legends 71 and 72

&nbsp;&nbsp;&nbsp;&nbsp;2. After
 step 1, please transfer the [X] shares of Common Stock without legends through the DWAC process
 with the following transaction information:

Broker Name: [Broker Name]

DTC Participant [_______]

#:

Broker [_____]

Phone/email:

Number of Shares: [X] units; Class C01; Issuer: Newegg Commerce, Inc.

Control #: [______]

Entry Date: [_____]

Settlement Date: [_____]

Special Instructions: [_____]

Please contact [Newegg contact] at [Phone Number] extension [_____] or [email address]@newegg.com if you need any additional information regarding this request.

---

| |
|:---|
| **NEWEGG COMMERCE, INC.** |
| By: |
| Name: |
| Title: |
| **Digital Grid (Hong Kong) Technology Co., Limited** |
| By: |
| Name: |
| Title: |

---

**<u>Other Exhibits</u>**

**EXHIBIT 1**

[Date]

[XXXXXX (generally a U.S. law firm/attorney/TA)]

[Address]

**Re: Sale of [XXXX] Ordinary Shares (the "Shares") of [XXXX] (the "Company")**

Dear Sir/Madam,

In connection with the sale of the above-referenced Shares by [XXXX] (the "Seller") through Tiger Brokers (NZ) Limited (the "Broker"), a registered broker-dealer, the Broker hereby represents to you, that:

&nbsp;&nbsp;&nbsp;&nbsp;4. The
 Broker has done and will do no more than execute the order to sell the Shares as agent for
 the Seller in accordance with Rule 144(f) under the Securities Act of 1933 (the "Act");

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 Broker has received or will receive no more than the usual and customary broker's commission
 in connection with the sale of the Shares;

&nbsp;&nbsp;&nbsp;&nbsp;6. The
 Broker has not solicited or arranged for the solicitation of, and will not solicit or arrange
 for the solicitation of, customers' orders to buy the Shares in anticipation of or
 in connection with the sale of the Shares by the Seller; and

&nbsp;&nbsp;&nbsp;&nbsp;7. After
 reasonable inquiry in accordance with Rule 144(g) under the Act, the Broker is not aware
 of any circumstances indicating that (i) the Seller is an underwriter with respect to the
 Shares or the Shares represented thereby or that the sale of the Shares is part of a distribution
 of securities for the Company; and (ii) the Seller is acting in concert with any other shareholder
 of the Company with respect to the sale of the Shares.

---

| | |
|:---|:---|
| Yours faithfully, | Yours faithfully, |
| Tiger Brokers (NZ) Limited | Tiger Brokers (NZ) Limited |
| By: |  |
| Name: | Vincent Cheung |
| Title: | Chief Executive Officer |

---

**<u>Other Exhibits</u>**

**EXHIBIT 2**

**Bank of China Wire Instructions**

BOC Account Info:

SWIFT CODE: BKCHCNBJ910

BANK NAME: BANK OF CHINA ZHEJIANG BRANCH

ADD: NO. 321 FENGQI ROAD HANGZHOU ZHEJIANG CHINA

ACCOUNT NAME: BANK OF CHINA ZHEJIANG BRANCH

ACCOUNT NO.: 27005

ADD: NO. 321 FENGQI ROAD HANGZHOU ZHEJIANG CHINA

**<u>Other Exhibits</u>**

**EXHIBIT 3**

**Broker Share Sale Agreement**

**Account Application Letter**

August 16, 2022

Attention: Tiger Brokers (NZ) Limited

Level 27/151 Queen Street, Auckland CBD, Auckland 1010, New Zealand

Re: Account Application Letter

Dear Sir/Madam,

Digital Grid (Hong Kong) Technology Co., Limited (the "Company") with Incorporation Number of 1847600 located at HONG KONG hereby applies to open an account at your firm.

The Company learned about your firm through Internet and has decided to open an account. The Company hereby represents and warrants that we acknowledge the total risks and significant aspects involved in trading securities in overseas markets. The Company is a professional investor and eligible to open an account with overseas brokers according to the laws and regulations in relevant jurisdictions.

For and on behalf of

<u>Digital Grid (Hong Kong) Technology Co., Limited [Company Name]</u>

Signature: Zhang Kaiping [signed]

Printed name: KAIPING ZHANG

Title: Deputy General Manager

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**NEWEGG COMMERCE, INC.**

*(Name of Issuer)*

**Common Shares, US$0.43696 par value per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Zhitao He**<br>18/F, Xintu Tower 451 Wulianwang Street<br>Binjiang District, Hangzhou<br>Zhejiang Province F4 310051<br>86-0571-2828-0882

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

**06/11/2026**

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

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Hangzhou Lianluo Interactive Information Technology Co., Ltd.** | Name of reporting person<br>**Hangzhou Lianluo Interactive Information Technology Co., Ltd.** | |
| 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>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 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>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11147329.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11147329.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11147329.00** | Aggregate amount beneficially owned by each reporting person<br>**11147329.00** | |
| 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>**53.13%** | Percent of class represented by amount in Row (11)<br>**53.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The 11,147,329 Common Shares reflected on lines 8, 10 and 11 consist of (i) 11,141,079 Common Shares held by Digital Grid, through Hangzhou Lianluo's 100% ownership of Digital Grid and (ii) warrants to purchase 6,250 Common Shares at an exercise price of $352.00 per share owned by Hangzhou Lianluo that are exercisable within 60 days. The percentage reflected on line 13 is calculated based on 20,973,423 Common Shares outstanding as of May 26, 2026, as reported in the Registration Statement on Form F-3 filed by the Issuer on June 1, 2026, as amended.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Digital Grid (Hong Kong) Technology Co., Limited** | Name of reporting person<br>**Digital Grid (Hong Kong) Technology Co., 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>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 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>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11141079.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11141079.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11141079.00** | Aggregate amount beneficially owned by each reporting person<br>**11141079.00** | |
| 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>**53.12%** | Percent of class represented by amount in Row (11)<br>**53.12%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The percentage reflected on line 13 is calculated based on 20,973,423 Common Shares outstanding as of May 26, 2026, as reported in the Registration Statement on Form F-3 filed by the Issuer on June 1, 2026, as amended.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Hyperfinite Galaxy Holding Limited** | Name of reporting person<br>**Hyperfinite Galaxy Holding 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>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 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>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2946.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2946.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2946.00** | Aggregate amount beneficially owned by each reporting person<br>**2946.00** | |
| 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>**0.01%** | Percent of class represented by amount in Row (11)<br>**0.01%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The percentage reflected on line 13 is calculated based on 20,973,423 Common Shares outstanding as of May 26, 2026, as reported in the Registration Statement on Form F-3 filed by the Issuer on June 1, 2026, as amended.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**He Zhitao** | Name of reporting person<br>**He Zhitao** | |
| 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>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 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>**684869.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**11150275.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**684869.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**11150275.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11835144.00** | Aggregate amount beneficially owned by each reporting person<br>**11835144.00** | |
| 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>**54.63%** | Percent of class represented by amount in Row (11)<br>**54.63%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** The 11,150,275 Common Shares reflected on lines 8 and 10 consist of (i) 11,141,079 Common Shares held by Digital Grid, through Hangzhou Lianluo's 100% ownership of Digital Grid, (ii) warrants to purchase 6,250 Common Shares at an exercise price of $352.00 per share held by Hangzhou Lianluo that are exercisable within 60 days, and (iii) 2,946 Common Shares held by Hyperfinite, through Mr. Zhitao He's 100% ownership of Hyperfinite. The 684,869 Common Shares reflected on lines 7 and 9 consist of vested stock options held by Mr. Zhitao He that are exercisable within 60 days for 684,869 Common Shares at an exercise price of $10.95 per share. The 11,835,144 Common Shares reflected on line 11 consist of (i) 11,141,079 Common Shares held by Digital Grid, through Hangzhou Lianluo's 100% ownership of Digital Grid, (ii) warrants to purchase 6,250 Common Shares at an exercise price of $352.00 per share held by Hangzhou Lianluo that are exercisable within 60 days, (iii) 2,946 Common Shares held by Hyperfinite, through Mr. Zhitao He's 100% ownership of Hyperfinite, and (iv) vested stock options held by Mr. Zhitao He that are exercisable within 60 days for 684,869 Common Shares at an exercise price of $10.95 per share. The percentage reflected on line 13 is calculated based on 20,973,423 Common Shares outstanding as of May 26, 2026, as reported in the Registration Statement on Form F-3 filed by the Issuer on June 1, 2026, as amended.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares, US$0.43696 par value per share

**(b) Name of Issuer:**
NEWEGG COMMERCE, INC.

**(c) Address of Issuer's Principal Executive Offices:**
21688 Gateway Center Drive, Suite 300, Diamond Bar, CA, 91765

This Amendment No. 3 to Schedule 13D (this "Amendment No. 3"), dated June 15, 2026, amends and supplements the Schedule 13D filed on June 1, 2021 (the "Initial Statement"), as amended by the Schedule 13D/A filed on December 22, 2022 (the "First Amended Statement") and as further amended by the Schedule 13D/A filed on August 11, 2025 (the "Second Amended Statement," and together with the Initial Statement, First Amended Statement, and this Amendment No. 3, the "Schedule 13D") by the Reporting Persons (as defined in the Initial Statement) and relates to the common shares, par value $0.43696 per share (the "Common Shares"), of Newegg Commerce, Inc., a company incorporated with limited liability under the laws of the British Virgin Islands (the "Issuer"). The principal executive office of the Issuer is located at 21688 Gateway Center Drive, Suite 300 Diamond Bar, CA 91765. The Issuer's Common Shares are listed on the NASDAQ Capital Market under the symbol "NEGG." Except as otherwise provided herein, each item of the Initial Statement, as amended by the Second Amended Statement, remains unchanged. Terms used herein but not otherwise defined shall have the meanings set forth in the Initial Statement.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and restated as follows:

The Reporting Persons acquired the Issuer's Common Shares reported herein as a result of the Merger. On May 12, 2021, Lianluo Smart Ltd ("LLIT") held a special shareholder meeting to, among other things, approve the Merger and amendment and restatement of its amended and restated memorandum and articles of association (the "Amended M&A"). The Amended M&A was filed with the Registrar of Corporate Affairs of the British Virgin Islands on May 14, 2021 and became effective on the same date. The Merger became effective as of May 19, 2021. As a result of the Merger, the Common Shares of the Issuer trade on the NASDAQ Capital Market under the stock symbol "NEGG".

At the effective time of the Merger, each share of the capital stock of the Issuer that was issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 5.8417 common shares of LLIT (the "exchange ratio"), plus the right, if any, to receive cash in lieu of fractional shares of LLIT (the "merger consideration"). The exchange ratio was equal to the Issuer's per share value divided by LLIT's per share value. The Issuer's per share value was equal to $880,000,000 divided by the number of outstanding Issuer's shares on October 23, 2020. LLIT's per share value was equal to (i) the volume-weighted average trading price of LLIT's Class A common shares for the consecutive twenty (20) trading days immediately prior to and including October 16, 2020, as adjusted for a 1-to-8 reverse stock split effective on the date of merger agreement minus (ii) (A) $3,500,000 deposited in the escrow account divided by (B) the number of LLIT's Class A common shares and Class B common shares issued and outstanding on the date of merger agreement, after giving effect to such reverse stock split.

Reference is made to Item 6 of this Amendment No. 3,  which is incorporated herein by reference. The 11,141,079 Common Shares held by Digital Grid (the "Pledged Shares") have been pledged by Digital Grid to Bank of China as collateral to support certain Loans. On or about June 11, 2026, Hangzhou Lianluo, Digital Grid, Bank of China, and Hangzhou Gaochi Information Consulting Co., Ltd., as the Guarantor (the "Guarantor"), entered into the Judgment Enforcement Guarantee Agreement (the "Cash Guarantee Agreement"), whereby the Guarantor will pledge RMB 5,000,000 as cash guarantee of the Loans in favor of Bank of China, and upon Bank of China's consent to remove the pledge-related restrictive legends from a certain number of the Pledged Shares, Digital Grid will dispose of such number of Pledged Shares pursuant to Rule 144 and use the proceeds from such sale to pay down the Loans that the Reporting Persons owe to Bank of China. Other than those possible dispositions described in Item 6, each of the Reporting Persons has no plans or proposals which would result in any disposition of the Common Shares or acquisition of additional Common Shares, except that from time to time, Mr. Zhitao He may acquire Common Shares pursuant to equity awards granted to him, as a director of the Issuer, by the Issuer.

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

**(a)**
Item 5 of the Schedule 13D is hereby amended and restated as follows:

Hangzhou Lianluo may be deemed to beneficially own 11,147,329 Common Shares, which represent 53.13% of the Issuer's outstanding Common Shares calculated in accordance with Rule 13d-3 of the Exchange Act of 1934 ("Rule 13d-3"). Such beneficial ownership consists of (i) 11,141,079 Common Shares held by Digital Grid which Hangzhou Lianluo may be deemed to beneficially own through its 100% ownership of Digital Grid, and (ii) 6,250 Common Shares issuable upon the exercise of warrants held by Hangzhou Lianluo that are exercisable within 60 days at an exercise price of $352.00 per share.

Digital Grid may be deemed to beneficially own 11,141,079 Common Shares, which are held by Digital Grid and represent 53.12% of the Issuer's outstanding Common Shares calculated in accordance with Rule 13d-3.

Hyperfinite may be deemed to beneficially own 2,946 Common Shares, which are held by Hyperfinite and represent 0.01% of the Issuer's outstanding Common Shares calculated in accordance with Rule 13d-3.

Mr. Zhitao He may be deemed to beneficially own 11,835,144 Common Shares of the Issuer, which represent 54.63% of the Issuer's outstanding Common Shares calculated in accordance with Rule 13d-3. Such beneficial ownership consists of (i) 11,141,079 Common Shares held by Digital Grid, which Mr. Zhitao He may be deemed to beneficially own through Hangzhou Lianluo's 100% ownership of Digital Grid and Mr. Zhitao He's control of Hangzhou Lianluo, (ii) 6,250 Common Shares issuable upon the exercise of warrants held by Hangzhou Lianluo that are exercisable within 60 days at an exercise price of $352.00 per share, (iii) 2,946 Common Shares held by Hyperfinite, which Mr. Zhitao He may be deemed to beneficially own through his 100% ownership of Hyperfinite, and (iv) 684,869 Common Shares issuable upon the exercise of vested stock options held by Mr. Zhitao He that are exercisable within 60 days at an exercise price of $10.95 per share.

The percentage of the Issuer's outstanding Common Shares is calculated based on 20,973,423 Common Shares outstanding as of May 26, 2026, as reported in the Registration Statement on Form F-3 filed by the Issuer on June 1, 2026, as amended.

**(b)**
Hangzhou Lianluo may be deemed to have shared voting power and shared dispositive power with regard to 11,147,329 Common Shares (consisting of (i) 11,141,079 Common Shares held by Digital Grid and (ii) 6,250 Common Shares issuable upon the exercise of warrants held by Hangzhou Lianluo) due to Hangzhou Lianluo's 100% ownership of Digital Grid and Mr. Zhitao He's control of Hangzhou Lianluo.

Digital Grid may be deemed to have shared voting power and shared dispositive power with regard to 11,141,079 Common Shares held by it due to Hangzhou Lianluo's 100% ownership of Digital Grid and Mr. Zhitao He's control of Hangzhou Lianluo.

Hyperfinite may be deemed to have shared voting power and shared dispositive power with regard to 2,946 Common Shares held by it due to Mr. Zhitao He's 100% ownership of Hyperfinite.

Mr. Zhitao He may be deemed to have shared voting power and shared dispositive power with regard to 11,150,275 Common Shares (consisting of (i) 11,141,079 Common Shares held by Digital Grid, (ii) 6,250 Common Shares issuable upon the exercise of warrants held by Hangzhou Lianluo, and (iii) 2,946 Common Shares held by Hyperfinite) due to Hangzhou Lianluo's 100% ownership of Digital Grid, Mr. Zhitao He's control of Hangzhou Lianluo, and Mr. Zhitao He's 100% ownership of Hyperfinite. Mr. Zhitao He may be deemed to have sole voting power and sole dispositive power with respect to 684,869 Common Shares issuable upon the exercise of vested stock options held by Mr. Zhitao He.

**(c)**
On August 27, 2025, Mr. Zhitao He exercised vested stock options to acquire 16,135 Common Shares at an exercise price of $10.95 per share. On the same date, Mr. Zhitao He sold all 16,135 Common Shares at a price per share of approximately $62.01 on the open-market through a broker-dealer, pursuant to Rule 144 of the Securities Act of 1933. There have otherwise been no transactions in the shares of the Issuer's Common Shares effected by the Reporting Persons during the last 60 days.

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

Item 6 of the Schedule 13D is hereby amended and restated as follows:

The 11,141,079 Common Shares held by Digital Grid (the "Pledged Shares") have been pledged (the "Pledge") by Digital Grid to Bank of China Co., Ltd. Zhejiang Branch ("Bank of China") as collateral to support working capital loans and letters of credit (collectively, "Loans" and the relevant agreements, the "Credit Agreements") provided by Bank of China to Digital Grid, Hangzhou Lianluo and certain affiliates (exclusive of the Issuer). The Loans have been guaranteed jointly and severally by Beijing Digital Grid Technology Co., Ltd., a subsidiary of Hangzhou Lianluo, and Mr. Zhitao He. The total amount owed under the Loans, as of May 31, 2026, is about RMB334 million in RMB-denominated loans, plus $149.1 million in U.S. dollar-denominated loans, plus interest, fees and penalties on such amounts.

In May 2020, Bank of China filed several lawsuits against Hangzhou Lianluo, Digital Grid, Beijing Digital Grid Technology Co., Ltd. and Mr. Zhitao He in the Hangzhou Intermediate People's Court in China alleging that the defendants have failed to repay the Loans when due and were in breach of the Credit Agreements. On December 31, 2021, such court entered a judgment in favor of Bank of China against the defendants, ruling that the defendants must repay Bank of China certain amounts owed under the Credit Agreements, which judgments were subsequently upheld by the Zhejiang Provincial People's Court.

The Loan Agreement and Pledge Agreement establishing the terms of the aforementioned Loans and Pledge were previously filed with the Initial Statement as Exhibits 4.1 and 4.2, respectively.

On February 10, 2021, Digital Grid, Hangzhou Lianluo and Bank of China entered into a Supplemental and Novation Agreement to the Pledge Agreement. This agreement provided for the continuation of the Pledge established under the Credit Agreements following the exchange of shares contemplated by the Merger. This agreement also provided for Bank of China's consent to the Merger. This agreement was filed as Exhibit 4.3 to the Initial Statement.

On January 26, 2022, a Share Exchange Agreement was entered into amongst Bank of China, Digital Grid, Hangzhou Lianluo, the Issuer and Newegg Inc. a Delaware corporation ("Newegg Inc."), reaffirming the continuation of the Pledge as to the shares of the Issuer received in the Merger. This agreement was filed as Exhibit 4.4 to the First Amended Statement.

On April 22, 2022, Digital Grid, Bank of China, Newegg Inc., the Issuer, and Hangzhou Lianluo entered into a Supplemental Agreement (the "Supplemental Agreement"), which was filed as Exhibit 4.5 to the First Amended Statement. The Supplemental Agreement provided for a mechanism pursuant to which Digital Grid could elect to sell shares of the Issuer subject to the Pledge prior to June 30, 2022, so long as the proceeds from the sale were used to pay down the Loans. However, no sales were made before June 30, 2022 and this agreement is no longer operative by its terms. This agreement was based in part on the anticipated closing of a public offering by the Issuer and a pending registration statement which, upon effectiveness, would allow certain shares of the Issuer under the Pledge to be sold. However, the registration statement which was filed was withdrawn on June 30, 2022.

On July 1, 2022, the Issuer filed a registration statement on Form F-3 (File No. 333-265985) (as amended, "Form F-3 Registration Statement"), providing, inter alia, for the offering of up to 60,000,000 shares of the Issuer owned by Digital Grid to be sold at times and in the manner determined by Digital Grid as permitted by and in accordance with the registration statement. That registration statement was declared effective on October 5, 2022.

On December 19, 2022, the aforementioned parties to the Supplemental Agreement entered into an Amended and Restated Supplemental Agreement (the "Amended and Restated Supplemental Agreement"), which was filed as Exhibit 4.6 to the First Amended Statement. This Amended and Restated Supplemental Agreement provided for a mechanism to remove the Pledge and other restrictions on the pledged shares of the Issuer owned by Digital Grid so long as Digital Grid sold the shares prior to November 30, 2023 pursuant to the Form F-3 Registration Statement (and other methods such as Rule 144 or Rule 10b5-1 sales) and the proceeds from such sale were to be used to pay down the Loan. However, no sales were made before November 30, 2023 or thereafter.

On or about June 11, 2026, Beijing Time, Bank of China, Digital Grid, Hangzhou Lianluo, and Hangzhou Gaochi Information Consulting Co., Ltd., as the Guarantor (the "Guarantor"), entered into the Judgement Enforcement Guarantee Agreement (the "Cash Guarantee Agreement") relating to the disposition of the Pledged Shares of the Issuer owned by Digital Grid. Pursuant to the Cash Guarantee Agreement, the Guarantor will deposit RMB 5,000,000 at its bank account established at Bank of China as cash guarantee of the Loans in favor of Bank of China, and Digital Grid can request Bank of China's consent to sell a number of Pledged Shares pursuant to Rule 144. The parties thereto agreed that, upon Bank of China's consent to remove pledge-related restrictive legends from a certain number of the Pledged Shares for Digital Grid to sell, Digital Grid shall sell such number of shares and will use the proceeds from such sale to pay down the Loans, and that if Digital Grid does not use the sales proceed to pay down the Loans, Bank of China can collect the same amount from the cash guarantee deposit of RMB 5,000,000. The Cash Guarantee Agreement is filed as Exhibit 4.7 to this Amendment No. 3.

The Reporting Persons have entered into an Amended and Restated Shareholders Agreement (the "Amended and Restated Shareholders Agreement") with the Issuer and other shareholders of the Issuer, which became effective on May 19, 2021. The Amended and Restated Shareholders Agreement is included as Exhibit 3.1 to the Initial Statement. The Amended and Restated Shareholders Agreement provides for various agreements amongst the parties thereto including transfer restrictions, preemptive rights, rights of first refusal on transfers in favor of the Issuer and the other shareholders parties thereto, as well as certain "market stand-off" provisions.

The Amended and Restated Shareholders Agreement was amended by the parties on March 22, 2022 (the "First Amendment") and was further amended on August 1, 2022 (the "Second Amendment") and on August 13, 2025 (the "Third Amendment" and, together with the Amended and Restated Shareholders Agreement, the First Amendment and the Second Amendment, the "Shareholders Agreement"). The First Amendment is filed as Exhibit 3.2 to the First Amended Statement. The Second Amendment is filed as Exhibit 3.3 to the First Amended Statement. The Third Amendment is filed as Exhibit 3.4 to this Amendment No. 3. Pursuant to these amendments, the first thirty-five point two-eight percent (35.28%) of the Issuer's Common Shares collectively held by the Reporting Persons as of May 19, 2021, is not subject to the right of first refusal restrictions provided in Section 1.03(a) of the Shareholders Agreement.

### 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:** Hangzhou Lianluo Interactive Information Technology Co., Ltd.

**Signature:** /s/ Zhitao He

**Name/Title:** Zhitao He/Chairman and CEO

**Date:** 06/15/2026

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:** Digital Grid (Hong Kong) Technology Co., Limited

**Signature:** /s/ Zhitao He

**Name/Title:** Zhitao He/Chairman and Sole Director

**Date:** 06/15/2026

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:** Hyperfinite Galaxy Holding Limited

**Signature:** /s/ Zhitao He

**Name/Title:** Zhitao He/Sole Director

**Date:** 06/15/2026

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:** He Zhitao

**Signature:** /s/ Zhitao He

**Name/Title:** Zhitao He

**Date:** 06/15/2026