Filing Details

Accession Number:
0001104659-18-074446
Form Type:
13D Filing
Publication Date:
2018-12-21 16:15:05
Filed By:
Zall Smart Commerce Group Ltd.
Company:
Lightinthebox Holding Co. Ltd. (NYSE:LITB)
Filing Date:
2018-12-21
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Zall Development (HK) Holding Company Limited 0 8,481,720 0 8,481,720 8,481,720 6.4%
Zall Cross-border E-commerce Investment Company Limited 0 42,500,000 0 42,500,000 42,500,000 31.9%
Zall Development (BVI) Holding Company Limited 0 50,981,720 0 50,981,720 50,981,720 38.2%
Zall Smart Commerce Group Ltd 0 50,981,720 0 50,981,720 50,981,720 38.2%
Zall Development Investment Company Limited 0 50,981,720 0 50,981,720 50,981,720 38.2%
Yan Zhi 0 50,981,720 0 50,981,720 50,981,720 38.2%
Filing

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

 

LightInTheBox Holding Co., Ltd.

(Name of Issuer)

 

Ordinary shares, par value US$0.000067 per share**

American Depositary Shares

(Title of Class of Securities)

 

53225G102***

(CUSIP Number)

 

Carina Foo

Company Secretary

Zall Smart Commerce Group Ltd.

Suite 2101, 21st Floor, Two Exchange Square

Central, Hong Kong

852-3153-5808

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

With copies to:

 

Ning Zhang, Esq.
Morgan, Lewis & Bockius LLP
Beijing Kerry Centre South Tower, Suite 823
8th
Floor, No. 1 Guang Hua Road, Chaoyang
District
Beijing, 100020

 

David A. Sirignano, Esq.
Morgan, Lewis & Bockius, LLP
1111 Pennsylvania Avenue, N.W.
Washington, D.C. 20004

 

December 14, 2018

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

** Not for trading, but in connection with the registration of the American Depositary Shares, each representing two ordinary shares.

 

*** CUSIP Number of the American Depositary Shares.

 

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

 

1

Name of Reporting Person
I.R.S. Identification of Above Person
Zall Development (HK) Holding Company Limited

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Hong Kong

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
8,481,720

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
8,481,720

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
8,481,720

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
6.4%

 

 

14

Type of Reporting Person
CO

 

2


 

CUSIP No. 53225G102

13D/A

 

 

 

1

Name of Reporting Person
I.R.S. Identification of Above Person
Zall Cross-border E-commerce Investment Company Limited

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
British Virgin Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
42,500,000

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
42,500,000

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
42,500,000

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
31.9%

 

 

14

Type of Reporting Person
CO

 

3


 

CUSIP No. 53225G102

13D/A

 

 

 

1

Name of Reporting Person
I.R.S. Identification of Above Person
Zall Development (BVI) Holding Company Limited

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
WC

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
British Virgin Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
50,981,720

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
50,981,720

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
50,981,720

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
38.2%

 

 

14

Type of Reporting Person
CO

 

4


 

CUSIP No. 53225G102

13D/A

 

 

 

1

Name of Reporting Person
I.R.S. Identification of Above Person
Zall Smart Commerce Group Ltd.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Cayman Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
50,981,720

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
50,981,720

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
50,981,720

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
38.2%

 

 

14

Type of Reporting Person
HC

 

5


 

CUSIP No. 53225G102

13D/A

 

 

 

1

Name of Reporting Person
I.R.S. Identification of Above Person
Zall Development Investment Company Limited

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
British Virgin Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
50,981,720

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
50,981,720

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
50,981,720

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
38.2%

 

 

14

Type of Reporting Person
CO

 

6


 

CUSIP No. 53225G102

13D/A

 

 

 

1

Name of Reporting Person
I.R.S. Identification of Above Person
Yan Zhi

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Peoples Republic of China (PRC)

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
50,981,720

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
50,981,720

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
50,981,720

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
38.2%

 

 

14

Type of Reporting Person
IN

 

7


 

CUSIP No. 53225G102

13D/A

 

 

Item 1.  Security and Issuer.

 

This Amendment No. 6 to the statement on Schedule 13D (this Amendment) relates to Ordinary Shares of LightInTheBox Holding Co., Ltd., a company incorporated in the Cayman Islands (the Issuer).  Two Ordinary Shares of the Issuer are represented by one American depository share (ADS).  The Issuers principal executive offices are located at Tower 2, Area D, Diantong Square; No. 7 Jiuxianqiao North Road; Chaoyang District, Beijing 100015; PRC.

 

This Amendment supplements and amends the statement on Schedule 13D filed on April 1, 2016, amendment No. 1 filed thereto on October 21, 2016, amendment No. 2 filed thereto on March 30, 2017, amendment No. 3 filed thereto on May 9, 2017, amendment No. 4 filed on July 3, 2018, and amendment No. 5 filed on November 13, 2018 (as amended, the Initial Statement). Capitalized terms used in this Amendment, but not otherwise defined, have the meanings given to them in the Initial Statement.

 

Other than as amended by this Amendment, the disclosures in the Initial Statement are unchanged.  Responses to each item of this Amendment are incorporated by reference into the response to each other item, as applicable.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Item 3 of the Initial Statement is hereby amended and supplemented with the following:

 

Since November 13, 2018, Zall Development (HK) Holding Company Limited (Purchaser) acquired an aggregate of 4,263,938 Ordinary Shares represented by 2,131,969 ADSs on the open market using US$ 2,318,657.06 of cash on hand.

 

Item 5. Interest in Securities of the Issuer.

 

Item 5 of the Initial Statement is hereby amended and restated with the following:

 

Each of the Reporting Persons disclaims beneficial ownership of all of the shares of Common Stock included in this report that are held by other Reporting Persons, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

 

(a) See the information contained on the cover pages of this amended Statement on Schedule 13D, which is incorporated by reference. The percentage of Ordinary Stock reported as beneficially owned by each Reporting Person is based upon the 133,293,041 Ordinary Shares outstanding as of June 30, 2018 as reported in the Issuers unaudited condensed consolidated balance sheets filed with the U.S. Securities and Exchange Commission on a Form 6-K dated September 21, 2018.

 

(b) See the information contained on the cover pages of this amended Statement on Schedule 13D, which is incorporated by reference.

 

(c) Purchaser acquired an aggregate of 4,263,938 Ordinary Shares represented by 2,131,969 ADSs on the open market using cash on hand since November 13, 2018. Below is a table of the purchases.

 

8


 

CUSIP No. 53225G102

13D/A

 

 

Date

 

No. of ADSs

 

Average Unit Price

 

Price Range for
Purchased ADS

 

12/19/2018

 

1,179,536

 

$

1.2048

 

$1.01 - $1.33

 

12/18/2018

 

515,983

 

$

1.0171

 

$0.8887 - $1.15

 

12/17/2018

 

436,450

 

$

0.854

 

$0.7846 - $0.97

 

 

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 of the Initial Statement is hereby amended and supplemented with the following:

 

On December 14, 2018, Zall Cross Border E-Commerce Investment Company Limited (E-Commerce) and Wincore Holdings Limited (Wincore) entered into an Amendment to Voting Agreement, pursuant to which the Voting Agreement, described in Item 6 of amendment No. 4 of this Schedule 13D, was invalidated as of that date. As such, E-Commerce may no longer direct the vote of Wincores 7,456,641 shares, the parties may no longer be deemed members of a group with each other, and E-Commerce may no longer be deemed to have indirect voting power over Wincores shares. A copy of the English translation of the Amendment to Voting Agreement is filed as Exhibit 1 hereto and the foregoing description is qualified in its entirety to such exhibit.

 

Item 7.  Material to Be Filed as Exhibits.

 

Item 7 of the Initial Statement is hereby amended and supplemented by adding the following:

 

Exhibit
Number

 

Description

 

 

 

1

 

English translation of Amendment to Voting Agreement dated December 14, 2018 between Zall Cross-border E-Commerce Investment Company Limited and Wincore Holdings Limited.

 

9


 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:  December 21, 2018

 

 

Zall Development (HK) Holdings Company Limited

 

 

 

By:

/s/ Yan Zhi

 

 

Name: Yan Zhi

 

 

Title: Director

 

 

 

Zall Cross-border E-commerce Investment Company Limited

 

 

 

By:

/s/ Yan Zhi

 

 

Name: Yan Zhi

 

 

Title: Director

 

 

 

Zall Development (BVI) Holding Company Limited

 

 

 

By:

/s/ Yan Zhi

 

 

Name: Yan Zhi

 

 

Title: Director

 

 

 

Zall Smart Commerce Group Ltd.

 

 

 

 

By:

/s/ Yan Zhi

 

 

Name: Yan Zhi

 

 

Title: Director

 

 

 

Zall Development Investment Company Limited

 

 

 

By:

/s/ Yan Zhi

 

 

Name: Yan Zhi

 

 

Title: Director

 

 

 

/s/ Yan Zhi

 

Name: Yan Zhi

 

10