SCHEDULE 13G 0002081380 XXXXXXXX LIVE Class A Ordinary Shares, par value of US$0.0001 per share 06/30/2025 0001995520 Yuanbao Inc. 987910106 Building 2, No.8 Beichen West Road Chaoyang District Beijing F4 100101 Rule 13d-1(d) Rui Fang F4 108230475.00 0.00 88528350.00 0.00 108230475.00 N 38.5 IN See Item 4. For Ring Limited D8 82132500.00 0.00 82132500.00 0.00 82132500.00 N 29.7 CO See Item 4. Global Running Lion Limited D8 21802125.00 0.00 21802125.00 0.00 21802125.00 N 7.9 CO See Item 4. Yuanbao Inc. Building 2, No.8 Beichen West Road Chaoyang District Beijing, China, 100101 Rui Fang For Ring Limited Global Running Lion Limited Rui Fang Building 2, No.8 Beichen West Road Chaoyang District, Beijing, 100101 People's Republic of China For Ring Limited Craigmuir Chambers, Road Town Tortola, VG 1110 British Virgin Islands Global Running Lion Limited Craigmuir Chambers, Road Town Tortola, VG 1110 British Virgin Islands Rui Fang-People's Republic of China For Ring Limited-British Virgin Island Global Running Lion Limited-British Virgin Island Y Rui Fang: 108,230,475 ordinary shares (including (i) 21,802,125 Class A ordinary shares with respect to Global Running Lion Limited, over which Mr. Rui Fang exercises the voting power as the proxy and attorney-in-fact, (ii) 82,132,500 Class B ordinary shares held by For Ring Limited, wholly owned by an entity wholly controlled by Mr. Rui Fang and a family trust of Mr. Rui Fang, and (iii) 4,295,850 Class A ordinary shares that Mr. Rui Fang has the right to acquire upon exercise of the options within 60 days) For Ring Limited: 82,132,500 Class B ordinary shares Global Running Lion Limited: 21,802,125 Class A ordinary shares Rui Fang: 38.5% For Ring Limited: 29.7% Global Running Lion Limited: 7.9% Note: Pursuant to Rule 13d-3(d)(1), all Class B ordinary shares (which are convertible into Class A ordinary shares) were deemed to be converted for the purpose of (i) determining the aggregate amount of Class A ordinary shares beneficially owned by the Reporting Persons and (ii) calculating the percentages of the Class A ordinary shares beneficially owned by the Reporting Persons. The percentage of the class of securities beneficially owned by each Reporting Person is calculated based on a total of 276,481,206 issued and outstanding ordinary shares (consisting of 194,348,706 Class A ordinary shares and 82,132,500 Class B ordinary shares) of the issuer as of August 12, 2025 as a single class. Holders of Class A ordinary shares and Class B ordinary shares shall at all times vote together as one class on all resolutions submitted to a vote by the shareholders. In computing the percentage ownership of the Reporting Persons, we have included, where applicable, shares that the Reporting Persons have the right to acquire within 60 days, including through the exercise of any option, warrant, or other right or the conversion of any other security, after August 12, 2025. Rui Fang: 108,230,475 ordinary shares (including (i) 21,802,125 Class A ordinary shares with respect to Global Running Lion Limited, over which Mr. Rui Fang exercises the voting power as the proxy and attorney-in-fact, (ii) 82,132,500 Class B ordinary shares held by For Ring Limited, wholly owned by an entity wholly controlled by Mr. Rui Fang and a family trust of Mr. Rui Fang, and (iii) 4,295,850 Class A ordinary shares that Mr. Rui Fang has the right to acquire upon exercise of the options within 60 days) For Ring Limited: 82,132,500 Class B ordinary shares Global Running Lion Limited: 21,802,125 Class A ordinary shares Rui Fang: 0 For Ring Limited: 0 Global Running Lion Limited: 0 Rui Fang: 88,528,350 ordinary shares (including (i) 2,100,000 Class A ordinary shares with respect to Global Running Lion Limited, which is 9.6% beneficially owned by Mr. Rui Fang, (ii) 82,132,500 Class B Ordinary Shares held by For Ring Limited, wholly owned by an entity wholly controlled by Mr. Rui Fang and a family trust of Mr. Rui Fang, and (iii) 4,295,850 Class A Ordinary Shares that Mr. Rui Fang has the right to acquire upon exercise of the options within 60 days) For Ring Limited: 82,132,500 Class B ordinary shares Global Running Lion Limited: 21,802,125 Class A ordinary shares Note: Global Running Lion Limited is 32.6% beneficially owned by Ms. Ying Li, 28.9% beneficially owned by Mr. Bo Wang, 28.9% beneficially owned by Ms. Shuli Sun and 9.6% beneficially owned by Mr. Rui Fang. Mr. Rui Fang acts as the sole director and owns 100% of the voting power of Global Running Lion Limited. Each of the shareholders of Global Running Lion Limited holds dispositive power with respect to the Class A Ordinary Shares beneficially owned by him or her, as applicable, in proportion to his or her respective equity interests in Global Running Lion Limited. Rui Fang: 0 For Ring Limited: 0 Global Running Lion Limited: 0 Y Y Y Y Y Y Exhibit 99.1 - Joint Filing Agreement dated August 12, 2025, by and among the Reporting Persons Rui Fang /s/ Rui Fang 08/12/2025 For Ring Limited /s/ Rui Fang 08/12/2025 Global Running Lion Limited /s/ Rui Fang 08/12/2025