Filing Details

1

 NAMES OF REPORTING PERSONS

 Hermeda Industrial Co., Limited

2

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

3

 SEC USE ONLY

4

 CITIZENSHIP OR PLACE OF ORGANIZATION

 Hong Kong

NUMBER OF

SHARES

5

 SOLE VOTING POWER

0

BENEFICIALLY

OWNED BY

EACH

6

 SHARED VOTING POWER

1,000,000 (see Item 4)

REPORTING

PERSON

WITH

7

 SOLE DISPOSITIVE POWER

0

8

 SHARED DISPOSITIVE POWER

1,000,000 (see Item 4)

9

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,000,000 (see Item 4)

10

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ☐

 Not Applicable

11

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 8.4%

12

 TYPE OF REPORTING PERSON*

 CO

1

 NAMES OF REPORTING PERSONS

 Zhenyu Xiao, Ph.D.

2

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

3

 SEC USE ONLY

4

 CITIZENSHIP OR PLACE OF ORGANIZATION

 China

NUMBER OF

SHARES

5

 SOLE VOTING POWER

1,015,100 (see Item 4)

BENEFICIALLY

OWNED BY

EACH

6

 SHARED VOTING POWER

0

REPORTING

PERSON

WITH

7

 SOLE DISPOSITIVE POWER

1,015,100 (see Item 4)

8

 SHARED DISPOSITIVE POWER

0

9

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,015,100 (see Item 4)

10

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ☐

 Not Applicable

11

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 8.4%

12

 TYPE OF REPORTING PERSON*

 IN

Item 1(a).

Name of Issuer:

The name of the issuer is DiaMedica Therapeutics Inc. (the “Issuer”).

Item 1(b).

Address of Issuer’s Principal Executive Offices:

The address of the principal executive offices of the Issuer is 2 Carlson Parkway, Suite 260, Minneapolis, MN 55447.

Item 2(a).

Name of Person Filing:

Hermeda Industrial Co., Limited (“Hermeda”) and Zhenyu Xiao, Ph.D (“Mr. Xiao”) are collectively referred to herein as the “Reporting Persons.”

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The principal business address of each of the Reporting Persons is Level 54 Hopewell Centre, 183 Queen’s Road East, Hong Kong.

Item 2(c).

Citizenship:

Hermeda is a Hong Kong corporation. Mr. Xiao is a citizen of China.

Item 2(d).

Title of Class of Securities:

The class of equity securities to which this Statement relates are the voting common shares, no par value per share, of the Issuer (the “Common Shares”).

Item 2(e).

CUSIP Number:

The CUSIP number of the Common Shares is 25253X 20 7.

Item 3.

If this Statement is filed pursuant to §240.13d-1(b), or §240.13d-2(b) or (c), check whether the filing person is a:

(a)   ☐   Broker or dealer registered under Section 15 of the Act.

(b)   ☐   Bank, as defined in Section 3(a)(6) of the Act.

(c)   ☐   Insurance company, as defined in Section 3(a)(19) of the Act.

(d)   ☐   Investment company registered under Section 8 of the Investment Company Act of 1940.

(e)   ☐   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)   ☐   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)   ☐   A parent holding company or control person, in accordance with §240.13d-1(b)(1)(ii)(G).

(h)   ☐   A savings association, as defined in Section 3(b) of the Federal Deposit Insurance Act.

(i)    ☐   A church plan, that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.

(j)    ☐   A non-US institution in accordance with §240.13d-1(b)(1)(ii)(J).

(k)   ☐   Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: _______________.

Item 4.

Ownership:

(a)

Amount beneficially owned: Hermeda is the record owner of 1,000,000 Common Shares of the Issuer.  Mr. Xiao is the record owner of 15,100 Common Shares of the Issuer which includes 3,850 Common Shares issuable upon settlement of deferred share units and options to purchase an aggregate of 8,000 Common Shares, of which 3,250 shares are currently exercisable or exercisable within 60 days. Mr. Xiao, a managing director of Hermeda, has sole voting and dispositive power over the Common Shares held by Hermeda.

(b)

Percent of class: Hermeda: 8.4% and Mr. Xiao: 8.4%. The foregoing percentages are calculated based on 11,956,874 Common Shares represented to be outstanding by the Issuer on January 8, 2019.

(c)

Number of shares as to which Hermeda has:

Item 5.

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: ☐.

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person:

Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

Not Applicable.

Item 8.

Identification and Classification of Members of the Group:

Not Applicable.

Item 9.

Notice of Dissolution of Group:

Not Applicable.

Item 10.

Certifications:

Not Applicable.