Prime Ocean Holdings reports 9.0% stake in Troops, Inc. in Schedule 13D filing

Prime Ocean Holdings Limited, a company based at Vistra Corporate Services Centre in Mahe, Seychelles, reported in the Schedule 13D filed on 14 October 2026 that it holds 11,000,000 ordinary shares of Troops, Inc. /Cayman Islands/. The filing states this represents 9.0% of the class, with Prime Ocean holding sole power to vote and sole power to dispose of all 11,000,000 shares.

Item 4 of the filing states that Prime Ocean is reporting its purpose as the purchase of shares, and that beyond this it has no present plans or proposals under subparagraphs (a) through (j) of Item 4. The filing adds that Prime Ocean, at any time, may review, reconsider and change its position or purpose, and may seek to influence management of Troops, Inc. or its board of directors.

The filing also discloses a separate, earlier transaction: on 11 March 2026, Prime Ocean transferred 18,000,000 ordinary shares of Troops, Inc., held under certificate number C1353 with a par value of US$0.004 each, to JMD Corporate Services Limited. The filing states the shares were transferred for consideration of US$16,680,000 under a share transfer agreement between the two parties.

The filing does not explain the relationship, if any, between Prime Ocean and JMD Corporate Services Limited, nor does it state how the 18,000,000-share transfer in March 2026 relates to the 11,000,000 shares now reported. It also does not name any directors or executive officers of Prime Ocean.

SEC EDGAR records show Troops, Inc. /Cayman Islands/ has had three other Schedule 13D filings in the weeks before this one, dated 18 September 2026 and two filed on 24 September 2026. The record does not say whether these filings concern the same shares or shareholders.