SCHEDULE 13G/A 0002066973 XXXXXXXX LIVE 1 Class A Ordinary Shares, par value $0.16 per share 12/31/2025 0001815021 Boqii Holding Ltd G1311F119 T1 Smart Cloud, No. 1, Lane 235 Yubei Rd Pudong New Area Shanghai F4 201210 Rule 13d-1(c) Hexstone Capital LLC a NV 0.00 0.00 0.00 0.00 0.00 N 0.0 OO This constitutes an exit filing for the reporting person. Brendan O'Neil a X1 0.00 0.00 0.00 0.00 0.00 N 0.0 IN This constitutes an exit filing for the reporting person. Boqii Holding Ltd Room 1203, 12th Floor, Building T1, Smart Cloud, No. 1, Lane 235, Yubei Road, Pudong New Area, Shanghai, The People's Republic of China (i) Hexstone Capital LLC, a Nevada limited liability company ("Hexstone"); and (ii) Brendan O'Neil ("Mr. O'Neil"). The foregoing persons are hereinafter collectively referred to as the "Reporting Persons". Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 1 to the Statement on Schedule 13G filed by the Reporting Persons with the U.S. Securities and Exchange Commission on November 10, 2025 (the "Schedule 13G"), pursuant to which the Reporting Persons have agreed to file this Amendment No. 1 to Schedule 13G (the "Amendment No. 1") and all subsequent amendments to the Schedule 13G and this Amendment No. 1 jointly in accordance with the provisions of Rule 13d-1(k) of the Act. The filing of this Amendment No. 1 should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any Class A ordinary shares, par value $0.16 per share, of the issuer (the ''Ordinary Shares'') reported herein. The principal business address of each of the Reporting Persons is 3053 Fillmore St, Suite 303, San Francisco, CA 94123. Hexstone is a limited liability company organized under the laws of the State of Nevada. Mr. O'Neil is a citizen of the United States. Y The purpose of this Amendment No. 1 is to amend and supplement the Schedule 13G in order to update the beneficial ownership information on the cover pages and in Item 4 in the Schedule 13G, including to indicate that each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock and to amend Item 5 of the Schedule 13G accordingly. This Amendment No. 1 constitutes an exit filing for each of the Reporting Persons. The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Amendment No. 1 and is incorporated herein by reference for each such Reporting Person. None of the Reporting Persons beneficially owns any Ordinary Shares. Hexstone has the power to dispose of and the power to vote any Ordinary Shares beneficially owned by it, which power may be exercised by its managing member, Mr. O'Neil. Mr. O'Neil does not directly own any Ordinary Shares. By reason of the provisions of Rule 13d-3 of the Act, Mr. O'Neil may be deemed to beneficially own any Ordinary Shares which are beneficially owned by Hexstone. 0.00% (A) Hexstone: 0.00 (B) Mr. O'Neil: 0.00 (A) Hexstone: 0.00 (B) Mr. O'Neil: 0.00 (A) Hexstone: 0.00 (B) Mr. O'Neil: 0.00 (A) Hexstone: 0.00 (B) Mr. O'Neil: 0.00 N Y Y Y N See Exhibit 1 filed with the Schedule 13G. 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. Hexstone Capital LLC /s/ Hexstone Capital LLC 02/03/2026 Brendan O'Neil /s/ Brendan O'Neil 02/03/2026 LIST OF EXHIBITS Exhibit No. 1 - Joint Filing Agreement, dated November 10, 2025 (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the SEC on November 10, 2025)