Airwa Inc.: 5%+ holders

Airwa Inc. has 9 Schedule 13D or 13G filings on record since 2025-10-20. 2 holders' latest filing reports 5% or more of common stock. Each figure below is the holder's own, as filed, with the filing linked.

Holders

Purpose of Transaction (Item 4)

Belfiore Michael Anthony

Between October 8 and October 10, 2025, the Reporting Person acquired 3,213,095 shares of Common Stock of AiRWA Inc. (the "Issuer"), relying on the last publicly reported float of 14,563,019 shares, as disclosed in the Issuer's most recent SEC filings and reflected on Nasdaq and OTCMarkets. Based on this float, the Reporting Person's holdings represented approximately 22.1% of the outstanding Common Stock. On or about October 10, 2025, the Reporting Person became aware that this level of ownership triggered reporting obligations under Sections 13(d) and 16 of the Securities Exchange Act of 1934. The Reporting Person promptly initiated compliance steps, obtained EDGAR access credentials, and filed Form 3 and Form 4 on October 15, 2025. The initial Schedule 13D was filed on October 20, 2025. The Reporting Person did not sell or rebuy shares during the period between October 10 and October 24, 2025, despite price fluctuations, based on a belief that the float was tightly held and that a potential joint venture announcement could materially increase shareholder value. The Reporting Person also calculated that, based on the Issuer's last reported shareholder equity of $27 million, a 22.1% stake implied a liquidation or merger value of approximately $6.1 million. On October 23, 2025, the Issuer disclosed that it had sold 914,503,161 shares of Common Stock in "at-the-market" transactions under a previously disclosed sales agreement with A.G.P./Alliance Global Partners dated …The first part of Item 4 of the SCHEDULE 13D/A filed 2025-10-30; the filing has the rest

Hongyu Zhou

The Reporting Person acquired (1) 162,552 shares of Common Stock of the Issuer in connection with the merger of YYEM into the Issuer, and (2) 4,215,000 shares of Common Stock of the Issuer pursuant to the securities purchase agreement, dated January 14, 2026, for investment purposes. Except as described in this Schedule 13D, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, subject to the agreements described herein, the Reporting Person, at any time, and from time to time, may review, reconsider and change their position and/or change their purpose and/or develop such plans and may seek to influence management of the Issuer or the Board of Directors with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer, or other persons.Item 4 of the SCHEDULE 13D filed 2026-01-23

Stifano Mario

Item 4. Purpose of Transaction. The Reporting Person acquired the shares of Common Stock reported herein based on the Reporting Person's belief that the shares represented an attractive investment. The Reporting Person has significant concerns regarding the Issuer's capital allocation and financing practices, including the dilutive effect on existing shareholders of the Issuer's equity financing activities and the application of proceeds from such activities to fund acquisitions, including the acquisition of a 97% interest in Hongkong Best Life Trade Co., Limited announced by the Issuer on July 27, 2026 and completed on July 30, 2026, with $30 million of the purchase price paid in USDT (Tether). The Reporting Person also has concerns regarding the terms on which the Issuer has raised capital and any participation by related parties in the Issuer's financings. In addition, the Reporting Person believes the Issuer possesses strategic value as a public vehicle that could be restructured or repurposed as an acquisition vehicle (or SPAC-like structure) focused on acquiring, developing, or operating high-value production and exploration assets within the critical minerals and natural resources sector. The Reporting Person intends to engage in discussions with the Issuer's Board of Directors, management team, other shareholders, and potential strategic partners regarding: 1. Capital Allocation & Governance: Reviewing capital-raising practices, use of proceeds, corporate …The first part of Item 4 of the SCHEDULE 13D filed 2026-08-07; the filing has the rest

Timeline

Where this comes from

Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.

Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.

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