Prosperity Oak Holdings Acquires 13.6% Stake in NIP Group Inc. via Share Issuance Agreement

Prosperity Oak Holdings Limited, controlled by Chiu Chang-Wei, has filed a Schedule 13D/A reporting a significant acquisition of Class A Ordinary Shares in NIP Group Inc. (NIPG). As of May 29, 2026, the reporting person acquired 57,965,652 shares, representing a 13.6% ownership stake in the company. This acquisition resulted from a "Second Amendment to the Second Tranche Agreement," where the issuer settled a transaction through the issuance of 62,579,674 Class A Ordinary Shares instead of the previously contemplated convertible notes. While the reporting person now holds a substantial portion of the Class A shares, their total voting power is approximately 2.8% due to the issuer's multi-class share structure, which includes high-vote Class B1 and B2 shares. The filing indicates that the acquisition was for investment purposes, and there are currently no plans for extraordinary corporate transactions, material asset sales, or changes in the board of directors or management.