Filing Details
- Accession Number:
- 0001104659-20-007814
- Form Type:
- 13G Filing
- Publication Date:
- 2020-01-29 06:23:06
- Filed By:
- Liu Junling
- Company:
- 111 Inc. (NASDAQ:YI)
- Filing Date:
- 2020-01-29
- SEC Url:
- 13G Filing
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 |
---|---|---|---|---|---|---|
Sunny Bay Global Limited | 36,000,000 | 0 | 36,000,000 | 0 | 36,000,000 | 21.7% |
Junling Liu | 37,066,686 | 0 | 37,066,686 | 0 | 37,066,686 | 22.4% |
| SECURITIES AND EXCHANGE COMMISSION |
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| Washington, D.C. 20549 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
111, Inc.
(Name of Issuer)
Class A ordinary shares, $0.00005 par value per share
(Title of Class of Securities)
68247Q 102**
(CUSIP Number)
December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o | Rule 13d-1(b) |
o | 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.
** CUSIP number 68247Q 102 has been assigned to the American Depositary Shares (ADSs) of the issuer, which are quoted on The Nasdaq Global Market under the symbol YI. Each ADS represents two Class A ordinary shares of the issuer.
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 | |||
| 2 | Check the Appropriate Box if a Member of a Group | |||
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| (a) | o | ||
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| (b) | o | ||
| 3 | SEC Use Only | |||
| 4 | Citizenship or Place of Organization | |||
Number of | 5 | Sole Voting Power | |||
6 | Shared Voting Power | ||||
7 | Sole Dispositive Power | ||||
8 | Shared Dispositive Power | ||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
| 11 | Percent of Class Represented by Amount in Row 9 | |||
| 12 | Type of Reporting Person | |||
(1) Represents 36,000,000 Class B ordinary shares directly held by Sunny Bay Global Limited, a company incorporated in the British Virgin Islands. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to fifteen votes per share on all matters submitted to them for vote.
2
| 1 | Name of Reporting Person | |||
| 2 | Check the Appropriate Box if a Member of a Group | |||
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| (a) | o | ||
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| (b) | o | ||
| 3 | SEC Use Only | |||
| 4 | Citizenship or Place of Organization | |||
Number of | 5 | Sole Voting Power | |||
6 | Shared Voting Power | ||||
7 | Sole Dispositive Power | ||||
8 | Shared Dispositive Power | ||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
| 11 | Percent of Class Represented by Amount in Row 9 | |||
| 12 | Type of Reporting Person | |||
(2) Represents 1,066,686 Class A ordinary shares directly held by Mr. Junling Liu and 36,000,000 Class B ordinary shares directly held by Sunny Bay Global Limited, a company incorporated in the British Virgin Islands. Sunny Bay Global Limited is wholly owned by Mr. Junling Liu. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to fifteen votes per share on all matters submitted to them for vote.
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Item 1(a). | Name of Issuer: |
Item 1(b). | Address of Issuers Principal Executive Offices: |
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Item 2(a). | Name of Person Filing: (ii) Junling Liu (collectively, the Reporting Persons) |
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
Item 2(c) | Citizenship: Junling Liu - Australia |
Item 2(d). | Title of Class of Securities:
The Issuers ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to fifteen votes per share on all matters submitted to them for vote. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. |
Item 2(e). | CUSIP Number:
This CUSIP number applies to the American depositary shares of the Issuer, each representing two Class A ordinary shares of the Issuer. |
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: |
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Item 4. | Ownership: |
Reporting Person |
| Amount |
| Percent |
| Percent of |
| Sole power to |
| Shared power |
| Sole power to |
| Shared power |
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Sunny Bay Global Limited |
| 36,000,000 |
| 21.7 | % | 46.0 | % | 36,000,000 |
| 0 |
| 36,000,000 |
| 0 |
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Junling Liu |
| 37,066,686 |
| 22.4 | % | 46.1 | % | 37,066,686 |
| 0 |
| 37,066,686 |
| 0 |
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As of December 31, 2019, 1,066,686 Class A ordinary shares were directly held by Mr. Junling Liu and 36,000,000 Class B ordinary shares were directly held by Sunny Bay Global Limited, a company incorporated in the British Virgin Islands and wholly owned by Mr. Junling Liu. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis.
The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 165,605,886 ordinary shares (being the sum of 93,605,886 Class A ordinary shares and 72,000,000 Class B ordinary shares) of the Issuer outstanding as of December 31, 2019 as a single class. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
The percentage of voting power is calculated by dividing the voting power beneficially owned by each Reporting Person by the voting power of all of the Issuers Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2019. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to fifteen votes per share on all matters submitted to them for vote.
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 Controlling 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 |
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LIST OF EXHIBITS
Exhibit No. |
| Description |
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A |
| Joint Filing Agreement |
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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, 2020
| SUNNY BAY GLOBAL LIMITED | |
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| By: | /s/ Junling Liu |
| Name: | Junling Liu |
| Title: | Director |
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| JUNLING LIU | |
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| /s/ Junling Liu |
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