SEC FORM 3

SEC FORM 3SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

LIANG HAO

(Last)

(First)

(Middle)

ROOM 1203, BUILDING T1, LANE 235

YUBEI ROAD, PUDONG NEW DISTRICT

(Street)

SHANGHAI

201210

(City)

(State)

(Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Boqii Holding Ltd [ BQ ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares	3,500	D
Class C ordinary shares	500,000	I	See Footnote⁽¹⁾⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B ordinary shares	⁽³⁾	⁽³⁾	Class A ordinary shares	51,964	⁽³⁾	I	See Footnote⁽³⁾
Stock Option	03/18/2020	03/17/2030	Class A ordinary shares	8	$660.8	D
Stock Option	04/12/2023	04/11/2033	Class A ordinary shares	188	$16	D

Explanation of Responses:

1. Represents 500,000 Class C ordinary shares of the issuer beneficially held by the Reporting Person through Green Mountain Management Limited ("Green Mountain"), a British Virgin Islands business company, which directly holds 500,000 Class C ordinary shares. The Reporting Person and his spouse each holds 50% ownership interests of Green Mountain.

2. Pursuant to the Certificate of Designation for Class C ordinary shares, the Class C ordinary shares (i) are entitled to one hundred (100) votes per Class C ordinary share, (ii) are nonconvertible into Class A ordinary or Class B ordinary shares of the issuer, (iii) are not entitled to dividends, and (iv) are nontransferable.

3. Represents 51,964 Class B ordinary shares of the issuer beneficially held by the Reporting Person. The Reporting Person holds 63.77% of equity interest in MTL, which directly holds 81,486 Class B ordinary shares. Therefore, the Reporting Person has the voting and investment power with respect to 63.77% of the Class B ordinary shares that MTL beneficially owns. Pursuant to the issuer's Fourteenth Amended and Restated Memorandum and Articles of Association, each Class B ordinary share is entitled to twenty (20) votes per Class B ordinary share and convertible into one (1) Class A ordinary share at any time by the holder thereof. The Class A ordinary shares are nonconvertible into the Class B ordinary shares.

	/s/ Hao (Louis) Liang	03/31/2026
	** Signature of Reporting Person	Date
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 5 (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.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Liang Hao