FORM 2 - Corporate Substantial Shareholder Notice
Form Serial Number
:
CS20260828E00117
1.
Date of relevant event
:
25/08/2026
(dd/mm/yyyy)
2.
Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later)
:
27/08/2026
(dd/mm/yyyy)
3.
Stock code
:
09688
4.
Name of listed corporation
:
Zai Lab Ltd.
5.
Class of shares
:
Ordinary Shares
6.
Number of issued shares in class
:
1,137,828,030
7.
Name of substantial shareholder
:
JPMorgan Chase & Co.
8.
Registered office
:
270 Park Avenue, New York, New York, NY, 10017, United States
9.
Principal place of business in Hong Kong
:
N/A
15.
Exchange on which listed
:
New York Stock Exchange
16.
Name of listed parent and exchange on which parent is listed
:
N/A
17.
Details of relevant event
:
Brief description of relevant event
Capacity in which shares were/are held
Number of shares bought/sold or involved
Currency of transaction
On Exchange
Off Exchange
Before relevant event
After relevant event
Highest price (per share)
Average price (per share)
Average consideration (per share)
Nature of consideration
Long position
Short position
1503
You ceased to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares decreased because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2201
Interest of corporation controlled by you
2201
Interest of corporation controlled by you
4,415,470
18.
Total shares immediately before the relevant event
:
Total number of shares
Percentage figure (%)
Long position
123,487,369
10.85
Short position
93,848,388
8.24
Lending Pool
14,145,688
1.24
19.
Total shares immediately after the relevant event
:
Total number of shares
Percentage figure (%)
Long position
124,174,429
10.91
Short position
89,432,918
7.85
Lending Pool
14,144,788
1.24
20.
Capacity in which interests disclosed in Box 19 are held
:
Capacity code
Number of shares
2101
Beneficial owner
Long position
78,051,441
Short position
89,432,518
2102
Investment manager
Long position
2,580
Short position
400
2106
Person having a security interest in shares
Long position
31,975,620
Short position
0
2502
Approved lending agent
Long position
14,144,788
Short position
0
21.
Further information in respect of derivative interests
:
Derivatives code
Number of shares
4101
Listed derivatives - Physically settled
Long position
10,000,000
Short position
10,000,000
4102
Listed derivatives - Cash settled
Long position
0
Short position
500
4105
Unlisted derivatives - Physically settled
Long position
0
Short position
30,000
4106
Unlisted derivatives - Cash settled
Long position
22,099,780
Short position
16,246,146
22.
Further information in relation to interests of corporations controlled by substantial shareholder
:
Name of controlled corporation
Address and place of incorporation
Name of controlling person
% control
Direct interest (Y/N)
Number of shares
J.P. Morgan SE
TaunusTurm Taunustor 1 Frankfurt am Main Frankfurt 60310 Germany
J.P. Morgan International Finance Limited
100.00
Y
Long position
10,000,000
Short position
10,000,000
J.P. Morgan Securities LLC
270 Park Avenue New York NY 10017 United States
J.P. Morgan Broker-Dealer Holdings Inc.
100.00
Y
Long position
74,697,899
Short position
54,357,089
J.P. Morgan Investment Management Inc.
270 Park Avenue New York NY 10017 United States
JPMorgan Asset Management Holdings Inc.
100.00
Y
Long position
2,580
Short position
0
J.P. Morgan Prime Inc.
270 Park Avenue New York NY 10017 United States
J.P. Morgan Securities LLC
100.00
Y
Long position
1,729,460
Short position
1,729,460
JPMorgan Chase Bank, National Association
1111 Polaris Parkway Columbus OH 43240 United States
JPMorgan Chase & Co.
100.00
Y
Long position
14,144,788
Short position
0
J.P. Morgan Alternative Asset Management, Inc.
270 Park Avenue New York NY 10017 United States
JPMorgan Asset Management Holdings Inc.
100.00
Y
Long position
0
Short position
400
J.P. MORGAN SECURITIES PLC
25 Bank Street Canary Wharf London E14 5JP England
J.P. MORGAN CAPITAL HOLDINGS LIMITED
100.00
Y
Long position
23,599,702
Short position
23,345,969
J.P. Morgan International Finance Limited
270 Park Avenue New York NY 10017 United States
JPMorgan Chase Bank, National Association
100.00
N
Long position
33,599,702
Short position
33,345,969
JPMorgan Chase Bank, National Association
1111 Polaris Parkway Columbus OH 43240 United States
JPMorgan Chase & Co.
100.00
N
Long position
33,599,702
Short position
33,345,969
J.P. Morgan Broker-Dealer Holdings Inc.
4 Chase Metrotech Center 4th Floor Brooklyn NY 11245 United States
JPMorgan Chase Holdings LLC
100.00
N
Long position
76,427,359
Short position
56,086,549
JPMorgan Chase Holdings LLC
270 Park Avenue New York NY 10017 United States
JPMorgan Chase & Co.
100.00
N
Long position
76,429,939
Short position
56,086,949
JPMorgan Asset Management Holdings Inc.
270 Park Avenue New York NY 10017 United States
JPMorgan Chase Holdings LLC
100.00
N
Long position
2,580
Short position
400
J.P. Morgan Securities LLC
270 Park Avenue New York NY 10017 United States
J.P. Morgan Broker-Dealer Holdings Inc.
100.00
N
Long position
1,729,460
Short position
1,729,460
J.P. MORGAN CAPITAL HOLDINGS LIMITED
25 Bank Street Canary Wharf London E14 5JP England
J.P. Morgan International Finance Limited
100.00
N
Long position
23,599,702
Short position
23,345,969
23.
Further information in relation to interests held by substantial shareholder jointly with another person
:
Name of joint shareholder
Address
Number of shares
24.
Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust
:
Names of trust
Address
Status code
Number of shares
25.
Further information from a party to an agreement under Section 317 (Please see Notes for further information required)
:
Names of other parties
Address
Number of shares
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26.
Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act
:
Names
Address
Relationship Code
Percentage (%)
27.
Supplementary information
:
JP Morgan Chase & Co. Came to have a notifiable short interest in the shares or the percentage level of your short position in such shares decreased
28.
Log/Serial Number of the previous form
:
29.
Number of concert party document(s) under section 317 attached/uploaded
:
Date of filing this Form 2
:
28/08/2026
(dd/mm/yyyy)