Filing Details

Accession Number:
0001193125-19-020945
Form Type:
13G Filing
Publication Date:
2019-01-29 16:34:34
Filed By:
Hu Zheren
Company:
Laix Inc. (NYSE:LAIX)
Filing Date:
2019-01-29
SEC Url:
13G 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
Zheren Hu 5,010,931 0 5,010,931 0 5,010,931 10.2%
Muang Holdings Ltd 5,010,931 0 5,010,931 0 5,010,931 10.2%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934*

 

 

LAIX Inc.

(Name of Issuer)

Class A ordinary shares, par value of $0.001 per share

(Title of Class of Securities)

G5352L 109

(CUSIP Number)

December 31, 2018

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

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 the disclosures provided in a prior cover page.

The information required in 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).

 

 

 


CUSIP No. G5352L 109       Page 2 of 7 pages

 

1      

NAMES OF REPORTING PERSONS

 

Zheren Hu

2      

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

3      

SEC USE ONLY

 

4      

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Peoples Republic of China

NUMBER OF

SHARES

BENEFICIALLY   OWNED BY

EACH

REPORTING

PERSON

WITH:

    5      

SOLE VOTING POWER

 

5,010,931 ordinary shares. See Item 4.

    6      

SHARED VOTING POWER

 

0

    7      

SOLE DISPOSITIVE POWER

 

5,010,931 ordinary shares. See Item 4.

    8      

SHARED DISPOSITIVE POWER

 

0

9        

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,010,931 ordinary shares. See Item 4.

10        

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

 

11        

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

10.2%. See Item 4.

12        

TYPE OF REPORTING PERSON

 

IN


CUSIP No. G5352L 109       Page 3 of 7 pages

 

1      

NAMES OF REPORTING PERSONS

 

Muang Holdings Ltd.

2      

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

3      

SEC USE ONLY

 

4      

CITIZENSHIP OR PLACE OF ORGANIZATION

 

British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5      

SOLE VOTING POWER

 

5,010,931 ordinary shares. See Item 4.

    6      

SHARED VOTING POWER

 

0

    7      

SOLE DISPOSITIVE POWER

 

5,010,931 ordinary shares. See Item 4.

    8      

SHARED DISPOSITIVE POWER

 

0

9        

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,010,931 ordinary shares. See Item 4.

10        

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

 

11        

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

10.2%. See Item 4.

12        

TYPE OF REPORTING PERSON

 

CO


CUSIP No. G5352L 109       Page 4 of 7 pages

 

ITEM 1(a).

NAME OF ISSUER:

LAIX Inc. (the Issuer)

 

ITEM 1(b).

ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES:

3/F, Building B, No. 1687 Changyang Road

Yangpu District, Shanghai, 200090

Peoples Republic of China

 

ITEM 2(a).

NAME OF PERSON FILING:

Zheren Hu and Muang Holdings Ltd. (each a Reporting Person, collectively, the Reporting Persons)

 

ITEM 2(b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:

Zheren Hu

3/F, Building B, No. 1687 Changyang Road

Yangpu District, Shanghai, 200090

Peoples Republic of China

Muang Holdings Ltd.

Start Chambers, Wickhams Cay II.

P.O. Box 2221, Road Town,

Tortola, British Virgin Islands

 

ITEM 2(c).

CITIZENSHIP:

Zheren Hu Peoples Republic of China

Muang Holdings Ltd. British Virgin Islands

 

ITEM 2(d).

TITLE OF CLASS OF SECURITIES:

Class A ordinary shares, par value of $0.001 per share (Class A Ordinary Shares). The Issuers ordinary shares consist of Class A Ordinary Shares and Class B ordinary shares, par value of $0.001 per share (Class B Ordinary Shares). The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights and voting rights. Each Class B Ordinary Share is convertible at the option of the holder at any time into one Class A Ordinary Share. Each Class B Ordinary Share is entitled to ten votes per share, whereas each Class A Ordinary Share is entitled to one vote per share.

 

ITEM 2(e).

CUSIP NO.:

G5352L 109

 

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b), OR 240.13d -2(b) OR (c), CHECK WHETHER THE PERSONS FILING IS A:

Not applicable


CUSIP No. G5352L 109       Page 5 of 7 pages

 

ITEM 4.

OWNERSHIP

 

Reporting Person

   Amount
beneficially
owned:
    Percent of
class:
    Percent of
aggregate
voting
power:
    Sole power to
vote or direct
the vote:
    Shared
power to vote
or to direct
the vote:
     Sole power to
dispose or to
direct the
disposition of:
    Shared power
to dispose or to
direct the
disposition of:
 

Zheren Hu

     5,010,931 (1)       10.2 %(2)      22.1 %(3)      5,010,931 (1)       0        5,010,931 (1)       0  

Muang Holdings Ltd.

     5,010,931 (1)       10.2 %(2)      22.1 %(3)      5,010,931 (1)       0        5,010,931 (1)       0  

 

(1)

Includes 5,010,931 Class B Ordinary Shares held by Muang Holdings Ltd., a British Virgin Islands company beneficially owned by Mr. Zheren Hu. Muang Holdings Ltd. is ultimately held by Muang Trust, a trust established under the laws of British Virgin Islands and managed by UBS Trustees (B.V.I.) Limited as the trustee. Under the terms of this trust, Mr. Zheren Hu has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares held by Muang Holdings Ltd. in the Issuer. Each Class B Ordinary Share is convertible at the option of the holder at any time into one Class A Ordinary Share.

(2)

The percentage of the class of securities beneficially owned by each Reporting Person is based on 49,152,231 outstanding ordinary shares as a single class, being the sum of 29,476,557 Class A Ordinary Shares and 19,675,674 Class B Ordinary Shares outstanding as of December 31, 2018, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

(3)

For each Reporting Person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of the Issuers Class A and Class B ordinary shares as a single class.

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

Not applicable

 

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


CUSIP No. G5352L 109       Page 6 of 7 pages

 

LIST OF EXHIBITS

Exhibit 99.1 Joint Filing Agreement


CUSIP No. G5352L 109       Page 7 of 7 pages

 

SIGNATURE

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.

Dated: January 29, 2019

 

Zheren Hu

/s/ Zheren Hu

Muang Holdings Ltd.

By:

 

/s/ Zheren Hu

Name:

  Zheren Hu

Title:

  Director