# EDGAR Filing Document

**Accession Number:** 0001737806
**File Stem:** 0001104659-26-031570
**Filing Date:** 2026-3
**Character Count:** 7157
**Document Hash:** 37fb52f5e80a0a7a388ba28b92a3b7d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-031570.hdr.sgml**: 20260318

**ACCESSION NUMBER**: 0001104659-26-031570

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260318

**FILED AS OF DATE**: 20260318

**DATE AS OF CHANGE**: 20260318

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Kam Anthony Ping Leung
- **CENTRAL INDEX KEY:** 0001993262

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38591
- **FILM NUMBER:** 26771930

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 31 YISHUN CENTRAL 1
- **STREET 2:** #6-68 NORTH PARK RESIDENCES
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 768805
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PDD Holdings Inc.
- **CENTRAL INDEX KEY:** 0001737806
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** FIRST FLOOR, 25 ST STEPHEN'S GREEN
- **CITY:** DUBLIN 2
- **PROVINCE COUNTRY:** L2
- **BUSINESS PHONE:** 353 1 5397938

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** FIRST FLOOR, 25 ST STEPHEN'S GREEN
- **CITY:** DUBLIN 2
- **PROVINCE COUNTRY:** L2

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pinduoduo Inc.
- **DATE OF NAME CHANGE:** 20180709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Walnut Street Group Holding Ltd
- **DATE OF NAME CHANGE:** 20180628

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pinduoduo Inc.
- **DATE OF NAME CHANGE:** 20180628

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

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Kam Anthony Ping Leung<br><sub>(Last) (First) (Middle)</sub><br>FIRST FLOOR, 25 ST STEPHEN'S GREEN<br><sub>(Street)</sub><br>DUBLIN 2, IRELAND D02 XF99<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>PDD Holdings Inc. [ PDD ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-03-18 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director   [ ] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| ADSs<sup>(1)</sup> | 1533 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Restricted Share Units (RSUs) | <sup>(2)</sup> | <sup>(2)</sup> | ADSs<sup>(1)</sup> | 1220 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(4)</sup> | <sup>(4)</sup> | ADSs<sup>(1)</sup> | 641 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(5)</sup> | <sup>(5)</sup> | ADSs<sup>(1)</sup> | 455 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(6)</sup> | <sup>(6)</sup> | ADSs<sup>(1)</sup> | 267 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(7)</sup> | <sup>(7)</sup> | ADSs<sup>(1)</sup> | 971 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(8)</sup> | <sup>(8)</sup> | ADSs<sup>(1)</sup> | 1125 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(9)</sup> | <sup>(9)</sup> | ADSs<sup>(1)</sup> | 297 | <sup>(3)</sup> | D |  |
| Restricted Share Units (RSUs) | <sup>(10)</sup> | <sup>(10)</sup> | ADSs<sup>(1)</sup> | 334 | <sup>(3)</sup> | D |  |

---

### Footnotes:

(1) Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares.

(2) These RSUs are scheduled to vest on September 1, 2026, subject to continued service through the vesting date.

(3) Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS") of the Issuer.

(4) These RSUs are scheduled to vest on March 1, 2027, subject to continued service through the vesting date.

(5) These RSUs are scheduled to vest on September 1, 2027, subject to continued service through the vesting date.

(6) These RSUs are scheduled to vest on March 1, 2028, subject to continued service through the vesting date.

(7) 50% of these RSUs are scheduled to vest on September 1, 2026 and 25% of these RSUs are scheduled to vest on each of September 1, 2027 and September 1, 2028, subject in each case to continued service through each vesting date.

(8) 50% of these RSUs are scheduled to vest on March 1, 2027 and 25% of these RSUs are scheduled to vest on each of March 1, 2028 and March 1, 2029, subject in each case to continued service through each vesting date.

(9) 50% of these RSUs are scheduled to vest on September 1, 2027 and 25% of these RSUs are scheduled to vest on each of September 1, 2028 and September 1, 2029, subject in each case to continued service through each vesting date.

(10) 50% of these RSUs are scheduled to vest on March 1, 2028 and 25% of these RSUs are scheduled to vest on each of March 1, 2029 and March 1, 2030, subject in each case to continued service through each vesting date.

**Signature:** /s/ Anthony Kam Ping Leung  
**Date:** 2026-03-18

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**