# EDGAR Filing Document

**Accession Number:** 0001737806
**File Stem:** 0001104659-26-031561
**Filing Date:** 2026-3
**Character Count:** 8507
**Document Hash:** 3e37f297b8de360a0fc5389c541d7d85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-031561.hdr.sgml**: 20260318

**ACCESSION NUMBER**: 0001104659-26-031561

**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:** Wang Mi
- **CENTRAL INDEX KEY:** 0002116869

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38591
- **FILM NUMBER:** 26771913

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** FIRST FLOOR, 25 ST. STEPHENS GREEN
- **CITY:** DUBLIN
- **PROVINCE COUNTRY:** L2
- **ZIP:** D02 XF99
**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>Wang Mi<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>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_SVP of Engineering_ | **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 |

---

## 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 |
| Options (right to buy) | <sup>(1)</sup> | <sup>(1)</sup> | ADSs<sup>(2)</sup> | 322350 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(4)</sup> | <sup>(4)</sup> | ADSs<sup>(2)</sup> | 18750 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(5)</sup> | <sup>(5)</sup> | ADSs<sup>(2)</sup> | 37500 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(6)</sup> | <sup>(6)</sup> | ADSs<sup>(2)</sup> | 18750 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(7)</sup> | <sup>(7)</sup> | ADSs<sup>(2)</sup> | 15000 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(8)</sup> | <sup>(8)</sup> | ADSs<sup>(2)</sup> | 40000 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(9)</sup> | <sup>(9)</sup> | ADSs<sup>(2)</sup> | 30000 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(10)</sup> | <sup>(10)</sup> | ADSs<sup>(2)</sup> | 30000 | <sup>(3)</sup> | D |  |
| Options (right to buy) | <sup>(11)</sup> | <sup>(11)</sup> | ADSs<sup>(2)</sup> | 100000 | <sup>(3)</sup> | D |  |

---

### Footnotes:

(1) These options are all exercisable as of the filing date. The expiration dates for 286,100 options, 18,750 options and 17,500 options are February 28, 2039, August 31, 2039 and March 31, 2040, respectively.

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

(3) Each option represents the right to receive, at settlement after exercise, one American Depositary Share ("ADS") of the Issuer, and has an exercise price of US$0.026.

(4) These options will become exercisable on September 1, 2026. The expiration date for these options is August 31, 2039. The date exercisable has taken into account the three-year lock-up period included as a term in the grant of options.

(5) Half of these options will become exercisable on each of the following dates: April 1, 2026 and April 1, 2027. The expiration date for these options is March 31, 2040. The date exercisable has taken into account the three-year lock-up period included as a term in the grant of options.

(6) One-third of these options will become exercisable on each of the following dates: April 1, 2026, April 1, 2027 and April 1, 2028. The expiration date for these options is March 31, 2041. The date exercisable has taken into account the three-year lock-up period included as a termin the grant of options.

(7) One-fourth of these options will become exercisable on each of the following dates: April 1, 2026, April 1, 2027, April 1, 2028 and April 1, 2029. The expiration date for these options is March 31, 2042. The date exercisable has taken into account the three-year lock-up periodincluded as a term in the grant of options.

(8) One-fourth of these options will become exercisable on each of the following dates: June 1, 2027, June 1, 2028, June 1, 2029 and June 1, 2030. The expiration date for these options is May 31, 2043. The date exercisable has taken into account the three-year lock-up period included as aterm in the grant of options.

(9) One-fourth of these options will become exercisable on each of the following dates: May 1, 2028, May 1, 2029, May 1, 2030 and May 1, 2031. The expiration date for these options is April 30, 2044. The date exercisable has taken into account the three-year lock-up period included as aterm in the grant of options.

(10) One-fourth of these options will become exercisable on each of the following dates: May 1, 2029, May 1, 2030, May 1, 2031 and May 1, 2032. The expiration date for these options is April 30, 2045. The date exercisable has taken into account the three-year lock-up period included as aterm in the grant of options.

(11) One-fourth of these options will become exercisable on each of the following dates: December 1, 2029, December 1, 2030, December 1, 2031 and December 1, 2032. The expiration date for these options is November 30, 2045. The date exercisable has taken into account the three-year lock-up period included as a term in the grant of options.

**Signature:** /s/ Wang Mi  
**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.**