Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

CUSIP No. 98372W103

Schedule 13G

1.

Names of Reporting Persons
Dragon Destiny Limited

2.

Check the Appropriate Box if a Member of a Group

(a)  o

(b)  o

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
27,113,806 Class A ordinary shares(1)

6.

Shared Voting Power
0

7.

Sole Dispositive Power
27,113,806 Class A ordinary shares(1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
27,113,806 Class A ordinary shares(1)

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row (9)
8.9%(2)

12.

Type of Reporting Person
CO

CUSIP No. 98372W103

Schedule 13G

1.

Names of Reporting Persons
Chung Kiu Cheung

2.

Check the Appropriate Box if a Member of a Group

(a)  o

(b)  o

3.

SEC Use Only

4.

Citizenship or Place of Organization
Hong Kong

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
27,113,806 Class A ordinary shares (1)

6.

Shared Voting Power
0

7.

Sole Dispositive Power
27,113,806 Class A ordinary shares (1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
27,113,806 Class A ordinary shares (1)

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row (9)
8.9% (2)

12.

Type of Reporting Person
IN

Item 1(a).

Name of Issuer:

X Financial (the Issuer)

Item 1(b).

Address of Issuers Principal Executive Offices:

7-8F, Block A, Aerospace Science and Technology Plaza, No. 168, Haide Third Avenue, Nanshan District, Shenzhen, 518067, the Peoples Republic of China

Item 2(a).

Name of Person Filing:

Dragon Destiny Limited

Chung Kiu Cheung

(collectively, the Reporting Persons)

Item 2(b).

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

Dragon Destiny Limited

33/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong

Chung Kiu Cheung

33/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong

Item 2(c).

Citizenship:

Dragon Destiny Limited: British Virgin Islands

Chung Kiu Cheung: Hong Kong

Item 2(d).

Title of Class of Securities:

Class A ordinary shares, par value US$0.0001 per share

The Issuers ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes and is convertible into one Class A ordinary share. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

Item 2(e).

CUSIP Number:

98372W103

This CUSIP number applies to the American depositary shares of the Issuer, each representing two Class A ordinary shares of the Issuer, par value $0.0001 per share. No CUSIP has been assigned to the ordinary shares.

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c):

Not applicable.

Item 4.

Ownership.

The following information with respect to the ownership of the ordinary shares of par value of US$0.0001 per share of the Issuer by each of the reporting persons is provided as of December 31, 2018:

Reporting Person

Amount 
beneficially 
owned:

Percent
of 
class(1):

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:

Percent of 
Aggregate 
voting 
power(2)

Dragon Destiny Limited

27,113,806

8.9

%

27,113,806

0

27,113,806

0

1.3

%

Chung Kiu Cheung

27,113,806

8.9

%

27,113,806

0

27,113,806

0

1.3

%

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.

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.

DRAGON DESTINY LIMITED

By:

/s/ Chung Kiu Cheung

Name:

Chung Kiu Cheung

Title:

Director

Chung Kiu Cheung

By:

/s/ Chung Kiu Cheung

Exhibit
No.

Description

A

Joint Filing Agreement