13D Filing: Right Advance Management Ltd. Files Update on Attempted Acquisition of KongZhong Corp (KONG)

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Page 4 of 10 SEC Filing

CUSIP No. 50047P104 13D Page 4 of 10 pages
1

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

WANG Leilei

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)


¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

People’s Republic of China

NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
7

SOLE VOTING POWER

 

364,920,5821

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

364,920,582

10

SHARED DISPOSITIVE POWER

 

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

364,920,582

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

19.4%2

14

TYPE OF REPORTING PERSON

IN

1 Includes (i) 253,257,440 Shares
held through Right Advance Management Ltd., which the Reporting Person beneficially owns and controls, (ii) 63,663,142 Shares held
through Chiming Bells International Limited., which the Reporting Person beneficially owns and controls, and (iii) 48,000,000 Shares
held in the name of the Reporting Person.

2 Based upon 1,882,073,063 Shares
outstanding as of December 31, 2014 as reported in the Issuer’s annual report on Form 20-F for the fiscal year ended December
31, 2014 filed on April 16, 2015.

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