Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. __)*

 

CNFinance Holdings Limited

(Name of Issuer)

 

Ordinary Shares, par value US$0.0001 per share, including in the form of American
Depositary Shares (“ADS”)

(each ADS representing twenty (20) Ordinary Shares)

(Title of Class of Securities) 

 

18979T105**

(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)

x

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s 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.

 

** There is no CUSIP number assigned to the ordinary shares. CUSIP number 18979T105 has been assigned to the ADSs of the Issuer, which are quoted on the New York Stock Exchange under the symbol “CNF.” Each ADS represents twenty (20) ordinary shares, par value US$0.0001 per share.

 

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   Bin Zhai
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Citizenship or Place of Organization   People’s Republic of China

Number of   Shares   Beneficially   Owned by   Each   Reporting   Person With	5	Sole Voting Power   32,000,000 ordinary shares(1)
	6	Shared Voting Power   504,862,160 ordinary shares(1)
	7	Sole Dispositive Power   32,000,000 ordinary shares(1)
	8	Shared Dispositive Power   504,862,160 ordinary shares(1)

9	Aggregate Amount Beneficially Owned by Each Reporting Person   536,862,160 ordinary shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
11	Percent of Class Represented By Amount In Row 9   38.2%(2)
12	Type of Reporting Person   IN

(1) Includes (i) 32,000,000 ordinary shares, which Mr. Bin Zhai has the right to acquire within 60 days after December 31, 2018 upon the exercise of outstanding options granted by the Issuer; and (ii) 343,812,713 ordinary shares held by Complete Joy Investments Limited, 81,772,077 ordinary shares held by Keep High Holdings Limited, 44,417,560 ordinary shares held by Goldsource Holdings Limited, 34,859,810 ordinary shares held by Able Boom Investments Limited, each of which is 100% beneficially owned by CAA Holdings Company Limited. Mr. Bin Zhai serves as the director of CAA Holdings Company Limited and may be deemed to have the power to direct voting and disposition of the 504,862,160 ordinary shares held by CAA Holdings Company Limited.

(2) The ownership percentage above is calculated based on 1,371,643,240 ordinary shares of the Issuer outstanding as of December 31, 2018, plus 32,000,000 ordinary shares which may be acquired by Mr. Bin Zhai within 60 days of December 31, 2018 upon exercise of outstanding options granted by the Issuer.

  

 

1	Name of Reporting Person   CAA Holdings Company Limited
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   0 ordinary shares(1)
	6	Shared Voting Power   504,862,160 ordinary shares(1)
	7	Sole Dispositive Power   0 ordinary shares(1)
	8	Shared Dispositive Power   504,862,160 ordinary shares(1)

9	Aggregate Amount Beneficially Owned by Each Reporting Person   504,862,160 ordinary shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
11	Percent of Class Represented By Amount In Row 9   36.8%(2)
12	Type of Reporting Person   CO

 

(1) Includes (i) 343,812,713 ordinary shares held by Complete Joy Investments Limited, (ii) 81,772,077 ordinary shares held by Keep High Holdings Limited, (iii) 44,417,560 ordinary shares held by Goldsource Holdings Limited and (iv) 34,859,810 ordinary shares held by Able Boom Investments Limited, each of which is 100% beneficially owned by CAA Holdings Company Limited.

(2) Based on 1,371,643,240 ordinary shares of the Issuer outstanding as of December 31, 2018.

 

 

1	Name of Reporting Person   Complete Joy Investments Limited
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   0
	6	Shared Voting Power   343,812,713 ordinary shares
	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   343,812,713 ordinary shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   343,812,713 ordinary shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
11	Percent of Class Represented By Amount In Row 9   25.1%(2)
12	Type of Reporting Person   CO

 

(2) Based on 1,371,643,240 ordinary shares of the Issuer outstanding as of December 31, 2018.

 

 

1	Name of Reporting Person   Keep High Holdings Limited.
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   0
	6	Shared Voting Power   81,772,077 ordinary shares
	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   81,772,077 ordinary shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   81,772,077 ordinary shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
11	Percent of Class Represented By Amount In Row 9   6.0%(2)
12	Type of Reporting Person   CO

 

(2) Based on 1,371,643,240 ordinary shares of the Issuer outstanding as of December 31, 2018.

 

 

 

Item 1(a).

Name of Issuer

 

CNFinance Holdings Limited (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Office

 

44/F, Tower G

No. 16 Zhujiang Dong Road

Tianhe District, Guangzhou City

Guangdong Province 510620

People’s Republic of China

 

Item 2(a).

Names of Persons Filing

 

This statement is being jointly filed by each of the following persons pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission (the “SEC”) under the Act: (i) Bin Zhai, (ii) CAA Holdings Company Limited, (iii) Complete Joy Investments Limited, and (iv) Keep High Holdings Limited

 

Item 2(b).

Address of Principal Business Office or, if None, Residence

 

Bin Zhai

44/F, Tower G

No. 16 Zhujiang Dong Road

Tianhe District, Guangzhou City

Guangdong Province 510620

People’s Republic of China

 

CAA Holdings Company Limited

P.O. Box 957, Offshore Incorporations Centre

Road Town, Tortola,

British Virgin Islands

 

Complete Joy Investments Limited

P.O. Box 957, Offshore Incorporations Centre

Road Town, Tortola,

British Virgin Islands

 

Keep High Holdings Limited

P.O. Box 957, Offshore Incorporations Centre

Road Town, Tortola,

British Virgin Islands

 

Item 2(c)

Citizenship

 

Bin Zhai is a citizen of People’s Republic of China.

CAA Holdings Company Limited, Complete Joy Investments Limited and Keep High Holdings Limited are British Virgin Islands companies.

 

 

Item 2(d).

Title of Class of Securities

 

Ordinary Shares, par value US$0.0001 per share, including in the form of American Depositary Shares (“ADS”) (each ADS representing twenty (20) Ordinary Shares)

 

Item 2(e).

CUSIP Number

 

18979T105

 

This CUSIP number applies to the ADSs of the Issuer, each representing twenty (20) ordinary shares of the Issuer, par value US$0.0001 per share. No CUSIP has been assigned to the ordinary shares.

  

Item 3. Statement 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 the Issuer by each of the reporting persons is provided as of December 31, 2018:

 

Reporting Person		Amount beneficially owned:				Percent of class(3):				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:
Bin Zhai(1)			536,862,160				38.2	%(4)			32,000,000				504,862,160				32,000,000				504,862,160
CAA Holdings Company Limited(2)			504,862,160				36.8	%			0				504,862,160				0				504,862,160
Complete Joy Investments Limited			343,812,713				25.1	%			0				343,812,713				0				343,812,713
Keep High Holdings Limited			81,772,077				6.0	%			0				81,772,077				0				81,772,077

   

(1)

Includes (i) 32,000,000 ordinary shares, which Mr. Bin Zhai has the right to acquire within 60 days after December 31, 2018 upon the exercise of outstanding options granted by the Issuer; and (ii) 343,812,713 ordinary shares held by Complete Joy Investments Limited, 81,772,077 ordinary shares held by Keep High Holdings Limited, 44,417,560 ordinary shares held by Goldsource Holdings Limited, 34,859,810 ordinary shares held by Able Boom Investments Limited, each of which is 100% beneficially owned by CAA Holdings Company Limited. Mr. Bin Zhai serves as the director of CAA Holdings Company Limited and may be deemed to have the power to direct voting and disposition of the 504,862,160 ordinary shares held by CAA Holdings Company Limited.

 

(2)

Includes (i) 343,812,713 ordinary shares held by Complete Joy Investments Limited, (ii) 81,772,077 ordinary shares held by Keep High Holdings Limited, (iii) 44,417,560 ordinary shares held by Goldsource Holdings Limited and (iv) 34,859,810 ordinary shares held by Able Boom Investments Limited, each of which is 100% beneficially owned by CAA Holdings Company Limited.

 

 

(3)

Based on 1,371,643,240 ordinary shares of the Issuer outstanding as of December 31, 2018.

 

(4)

Based on 1,371,643,240 ordinary shares of the Issuer outstanding as of December 31, 2018, plus 32,000,000 ordinary shares which may be acquired by Mr. Bin Zhai within 60 days of December 31, 2018 upon exercise of outstanding options granted by the Issuer.

 

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

  

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: February 14, 2019

 

Bin Zhai	/s/ Bin Zhai
	Bin Zhai
CAA Holdings Company Limited	By:	/s/ Bin Zhai
	Name:	Bin Zhai
	Title:	Director
Complete Joy Investments Limited	By:	/s/ Yinan Hu
	Name:	Yinan Hu
	Title:	Director
Keep High Holdings Limited.	By:	/s/ Yinan Hu
	Name:	Yinan Hu
	Title:	Director

 

LIST OF EXHIBITS

 

Exhibit No.	Description
99.1	Schedule 13G Joint Filing Agreement