SCHEDULE 13G 0002082873 XXXXXXXX LIVE Class A ordinary shares, par value $0.025 per share 06/30/2025 0001782941 TIAN RUIXIANG Holdings Ltd G8884K128 Room 918, Jingding Building Xicheng District, Beijing F4 100032 Rule 13d-1(c) Eastern Bell International XXVII Limited D8 14595114.00 0.00 14595114.00 0.00 14595114.00 N 12.09 OO The numbers in Rows 5, 7, and 9 consist of 14,595,114 Class A ordinary shares, par value $0.025 per share, of TIAN RUIXIANG Holdings Ltd (the "Issuer") held by Eastern Bell International XXVII Limited. The percentage in Row 11 is calculated based on a total of 120,757,154 Class A ordinary shares outstanding as of June 30, 2025, as provided by the Issuer. Li Yan F4 14595114.00 0.00 14595114.00 0.00 14595114.00 N 12.09 IN The numbers in Rows 5, 7, and 9 consist of 14,595,114 Class A ordinary shares, par value $0.025 per share, of TIAN RUIXIANG Holdings Ltd (the "Issuer") held by Eastern Bell International XXVII Limited. The percentage in Row 11 is calculated based on a total of 120,757,154 Class A ordinary shares outstanding as of June 30, 2025, as provided by the Issuer. Eastern Bell Capital Fund II, L.P. E9 14595114.00 0.00 14595114.00 0.00 14595114.00 N 12.09 OO The numbers in Rows 5, 7, and 9 consist of 14,595,114 Class A ordinary shares, par value $0.025 per share, of TIAN RUIXIANG Holdings Ltd (the "Issuer") held by Eastern Bell International XXVII Limited. The percentage in Row 11 is calculated based on a total of 120,757,154 Class A ordinary shares outstanding as of June 30, 2025, as provided by the Issuer. Eastern Bell Capital II Limited E9 14595114.00 0.00 14595114.00 0.00 14595114.00 N 12.09 OO The numbers in Rows 5, 7, and 9 consist of 14,595,114 Class A ordinary shares, par value $0.025 per share, of TIAN RUIXIANG Holdings Ltd (the "Issuer") held by Eastern Bell International XXVII Limited. The percentage in Row 11 is calculated based on a total of 120,757,154 Class A ordinary shares outstanding as of June 30, 2025, as provided by the Issuer. Yan Capital Limited D8 14595114.00 0.00 14595114.00 0.00 14595114.00 N 12.09 OO The numbers in Rows 5, 7, and 9 consist of 14,595,114 Class A ordinary shares, par value $0.025 per share, of TIAN RUIXIANG Holdings Ltd (the "Issuer") held by Eastern Bell International XXVII Limited. The percentage in Row 11 is calculated based on a total of 120,757,154 Class A ordinary shares outstanding as of June 30, 2025, as provided by the Issuer. TIAN RUIXIANG Holdings Ltd Room 918, Jingding Building, Xicheng District, District, Beijing, People's Republic of China 1.Eastern Bell International XXVII Limited, a British Virgin Islands exempted limited company; 2.Eastern Bell Capital Fund II, L.P., as the sole member of Eastern Bell International XXVII Limited; 3.Eastern Bell Capital II Limited, as the General Partner of Eastern Bell Capital Fund II, L.P.; 4.Yan Capital Limited, as the owner of 50.01% share of Eastern Bell Capital II Limited; 5.Li Yan, as the sole member of Yan Capital Limited. The Class A ordinary shares reported herein are directly held by Eastern Bell International XXVII Limited. Eastern Bell Capital Fund II, L.P. is the sole member of Eastern Bell International XXVII Limited. Eastern Bell Capital II Limited is the general partner of Eastern Bell Capital Fund II, L.P. Yan Capital Limited owns 50.01% of Eastern Bell Capital II Limited, and Li Yan is the sole shareholder of Yan Capital Limited. Accordingly, Li Yan may be deemed to indirectly beneficially own the Class A ordinary shares of the Issuer held by Eastern Bell International XXVII Limited. Li Yan disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. 1.Eastern Bell International XXVII Limited, a British Virgin Islands exempted company with the address at 40th Floor, Shanghai SK Building, 149 Youcheng Road, Pudong New Area, Shanghai, China 2.Eastern Bell Capital Fund II, L.P. a Cayman Islands exempted company having its registered office at Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands; 3. Eastern Bell Capital II Limited, a Cayman Islands exempted company having its registered office at Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands. 4. Yan Capital Limited, a British Virgin Islands exempted company having its registered office at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands 5. Li Yan: 40th Floor, Shanghai SK Building, 149 Youcheng Road, Pudong New Area, Shanghai, China Eastern Bell International XXVII Limited, British Virgin Islands. Eastern Bell Capital Fund II, L.P., Cayman Islands. Eastern Bell Capital II Limited, Cayman Islands. Yan Capital Limited, British Virgin Islands Li Yan: China Y 14,595,114 12.09% 14,595,114 0 14,595,114 0 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. 99.1 Joint Filing Agreement Eastern Bell International XXVII Limited /s/ Yingchun Zhu 08/22/2025 Li Yan /s/ Li Yan 08/22/2025 Eastern Bell Capital Fund II, L.P. /s/ Li Yan 08/22/2025 Eastern Bell Capital II Limited /s/ Li Yan 08/22/2025 Yan Capital Limited /s/ Li Yan 08/22/2025