Filing Details
- Accession Number:
- 0001193125-20-030736
- Form Type:
- 13G Filing
- Publication Date:
- 2020-02-11 08:56:03
- Filed By:
- Xu Xiaoping
- Company:
- Ehang Holdings Ltd (NASDAQ:EH)
- Filing Date:
- 2020-02-11
- 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 |
---|---|---|---|---|---|---|
Zhen Partners Fund II | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
Zhen Partners Management (MTGP) II | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
Zhen Partners Management (TTGP) II, Ltd | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
Zhen International Ltd | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
Rosy Glow Holdings Limited | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
Best Belief PTC Limited as the trustee of The Best Belief Family Trust | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
Xu Xiao Ping | 0 | 7,556,187 | 0 | 7,556,187 | 7,556,187 | 7.6% |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
EHang Holdings Limited
(Name of Issuer)
Class A ordinary shares, $0.0001 par value per share
(Title of Class of Securities)
26853E 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:
☐ 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 disclosures provided in a prior cover page. |
** | CUSIP number 26853E 102 has been assigned to the American depositary shares (ADSs) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol EH. Each ADS represents two Class A ordinary shares of the Issuer. No CUSIP has been assigned to the Issuers Class A ordinary shares. |
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).
CUSIP No. 26853E 102 | Page 2 of 16 Pages |
1 | Name of Reporting Person
Zhen Partners Fund II, L.P. | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
PN |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
2
CUSIP No. 26853E 102 | Page 3 of 16 Pages |
1 | Name of Reporting Person
Zhen Partners Management (MTGP) II, L.P. | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
PN |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
3
CUSIP No. 26853E 102 | Page 4 of 16 Pages |
1 | Name of Reporting Person
Zhen Partners Management (TTGP) II, Ltd. | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
OO |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
4
CUSIP No. 26853E 102 | Page 5 of 16 Pages |
1 | Name of Reporting Person
Zhen International 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
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
OO |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
5
CUSIP No. 26853E 102 | Page 6 of 16 Pages |
1 | Name of Reporting Person
Rosy Glow 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
Republic of Seychelles |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
OO |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
6
CUSIP No. 26853E 102 | Page 7 of 16 Pages |
1 | Name of Reporting Person
Best Belief PTC Limited as the trustee of The Best Belief Family Trust | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Citizenship or Place of Organization
Guernsey |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
OO |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
7
CUSIP No. 26853E 102 | Page 8 of 16 Pages |
1 | Name of Reporting Person
Xu Xiao Ping | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Citizenship or Place of Organization
Canada |
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
7,556,187(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
7,556,187(1) |
9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,556,187(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
7.6%(2) (or 1.5%(2) of the aggregate voting power) | |||||
12 | Type of Reporting Person
IN |
(1) | Represents 7,556,187 ordinary shares held by Zhen Partners Fund II, L.P. The general partner of Zhen Partners Fund II, L.P. is Zhen Partners Management (MTGP) II, L.P., whose general partner is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over these shares. |
(2) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
8
CUSIP No. 26853E 102 | Page 9 of 16 Pages |
Item 1(a). | Name of Issuer: |
EHang Holdings Limited (the Issuer)
Item 1(b). | Address of Issuers Principal Executive Offices: |
Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, Huangpu District, Guangzhou 510700, Peoples Republic of China
Item 2(a). | Name of Person Filing: |
(i) Zhen Partners Fund II L.P.
(ii) Zhen Partners Management (MTGP) II, L.P.
(iii) Zhen Partners Management (TTGP) II, Ltd.
(iv) Zhen International Ltd
(v) Rosy Glow Holdings Limited
(vi) Best Belief PTC Limited
(vii) Xu Xiao Ping
(collectively, the Reporting Persons)
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
The addresses of the Reporting Persons are:
Zhen Partners Fund II L.P.
P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands
Zhen Partners Management (MTGP) II, L.P.
P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands
Zhen Partners Management (TTGP) II, Ltd.
P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands
Zhen International Ltd
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands
Rosy Glow Holdings Limited
Suites 103,106 & 107, Premier Building, Victoria, Mahe, Seychelles
Best Belief PTC Limited
Sarnia House, Le Truchot, St. Peter Port, Guernsey, GY1 1GR, Channel Islands
Xu Xiao Ping
Flat D, 28/F, The Avenue Phase 2, 200 Queens Road East, Wanchai, Hong Kong
Item 2(c) | Citizenship: |
Zhen Partners Fund II L.P. Cayman Islands
Zhen Partners Management (MTGP) II, L.P. Cayman Islands
Zhen Partners Management (TTGP) II, Ltd. Cayman Islands
9
CUSIP No. 26853E 102 | Page 10 of 16 Pages |
Zhen International Ltd British Virgin Islands
Rosy Glow Holdings Limited Republic of Seychelles
Best Belief PTC Limited Guernsey
Xu Xiao Ping Canada
Item 2(d). | Title of Class of Securities: |
Class A ordinary shares, par value US$0.0001 per share, of the Issuer
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 ten votes per share, on all matters submitted to shareholders 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: 26853E 102 |
This CUSIP number applies to the American depositary shares of the Issuer, each representing two Class A ordinary shares of the Issuer. No CUSIP has been assigned to the Issuers Class A ordinary shares.
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
Item 4. | Ownership: |
The following information with respect to the ownership of Class A ordinary shares by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2019:
Reporting Persons | Ordinary Shares Held Directly(1) | Shared Voting Power(1) | Shared Dispositive Power(1) | Beneficial Ownership(1) | Percentage of Total Ordinary Shares(1)(3) | Percentage of the Aggregate Voting Power(1)(3) | ||||||||||||||||||
Zhen Partners Fund II L.P. | 7,556,187 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % | ||||||||||||||||
Zhen Partners Management (MTGP) II, L.P.(2) | 0 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % | ||||||||||||||||
Zhen Partners Management (TTGP) II, Ltd. (2) | 0 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % | ||||||||||||||||
Zhen International Ltd (2) | 0 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % | ||||||||||||||||
Rosy Glow Holdings Limited(2) | 0 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % | ||||||||||||||||
Best Belief PTC Limited(2) | 0 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % | ||||||||||||||||
Xu Xiao Ping(2) | 0 | 7,556,187 | 7,556,187 | 7,556,187 | 7.6 | % | 1.5 | % |
(1) | Represents the number of Class A ordinary shares (including Class A ordinary shares represented by ADSs) directly held by the Reporting Persons as of December 31, 2019. |
10
CUSIP No. 26853E 102 | Page 11 of 16 Pages |
(2) | Zhen Partners Management (MTGP) II, L.P. serves as the general partner of Zhen Partners Fund II, L.P. As such, Zhen Partners Management (MTGP) II, L.P. has the shared voting and investment control over the shares held by Zhen Partners Fund II L.P. and may be deemed to have indirect beneficial ownership of the shares held by Zhen Partners Fund II L.P. The general partner of Zhen Partners Management (MTGP) II, L.P. is Zhen Partners Management (TTGP) II, Ltd. Zhen International Ltd, wholly owned by Rosy Glow Holdings Limited, holds a 51% equity interest in Zhen Partners Management (TTGP) II, Ltd. Best Belief PTC Limited, trustee of The Best Belief Family Trust, holds a 100% equity interest in Rosy Glow Holdings Limited. Mr. Xu Xiao Ping is the settlor of the Best Belief Family Trust and has the shared voting and investment control over the shares held by Zhen Partners Fund II L.P. |
(3) | The beneficial ownership percentage is calculated based on 99,676,731 ordinary shares of the Issuer as a single class, being the sum of (i) 54,254,068 Class A ordinary shares issued and outstanding as of December 11, 2019, and (ii) 45,422,663 Class B ordinary shares issued and outstanding as of December 11, 2019, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuers prospectus filed with the Securities and Exchange Commission on December 12, 2019. The voting power of the shares beneficially owned represented 1.5% of the total outstanding voting power. |
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
11
LIST OF EXHIBITS
Exhibit No. | Description | |
99.1 | Joint Filing Agreement |
CUSIP No. 26853E 102 | Page 13 of 16 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: February 11, 2020
Zhen Partners Fund II L.P. | ||
By: | Zhen Partners Management (MTGP) II, L.P. its General Partner | |
By: | Zhen Partners Management (TTGP) II, Ltd. its General Partner | |
By: | /s/ Xu Xiao Ping | |
Name: | Xu Xiao Ping | |
Title: | Authorized Signatory | |
Zhen Partners Management (MTGP) II, L.P. | ||
By: | Zhen Partners Management (TTGP) II, Ltd. its General Partner | |
By: | /s/ Xu Xiao Ping | |
Name: | Xu Xiao Ping | |
Title: | Authorized Signatory | |
Zhen Partners Management (TTGP) II, Ltd. | ||
By: | /s/ Xu Xiao Ping | |
Name: | Xu Xiao Ping | |
Title: | Authorized Signatory | |
Zhen International Ltd | ||
By: | /s/ Xu Xiao Ping | |
Name: | Xu Xiao Ping | |
Title: | Authorized Signatory |
13
CUSIP No. 26853E 102 | Page 14 of 16 Pages |
Rosy Glow Holdings Limited | ||
By: | /s/ Xu Xiao Ping | |
Name: | Xu Xiao Ping | |
Title: | Authorized Signatory | |
Best Belief PTC Limited | ||
By: | /s/ Xu Xiao Ping | |
Name: | Xu Xiao Ping | |
Title: | Authorized Signatory | |
Xu Xiao Ping | ||
/s/ Xu Xiao Ping |
14