Filing Details
- Accession Number:
- 0001193125-20-032405
- Form Type:
- 13G Filing
- Publication Date:
- 2020-02-12 09:07:02
- Filed By:
- Gu Shaofeng
- Company:
- Finvolution Group Inc. (NYSE:FINV)
- Filing Date:
- 2020-02-12
- 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 |
|---|---|---|---|---|---|---|
| Shaofeng Gu | 398,618,900 | 0 | 398,618,900 | 0 | 398,618,900 | 26.1% |
| PPD Investment Limited | 398,618,900 | 0 | 398,618,900 | 0 | 398,618,900 | 26.1% |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
FinVolution Group
(Name of Issuer)
Class A ordinary shares, $0.00001 par value per share
(Title of Class of Securities)
G3524C107**
(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 G3524C107 has been assigned to the Class A ordinary shares of the Issuer, par value $0.00001 per share. CUSIP number 31810T101 has also been assigned to the American depositary shares of the issuer, which are quoted on the New York Stock Exchange under the symbol FINV. Each ADS represents five 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).
| CUSIP No. G3524C107 | Page 2 of 7 pages |
| 1 | Name of Reporting Person
Shaofeng Gu | |||||
| 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
398,618,900 (1) | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
398,618,900 (1) | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
398,618,900 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row 9
26.1% | |||||
| 12 | Type of Reporting Person
IN | |||||
| (1) | Represents (i) 394,818,900 Class B ordinary shares directly held by PPD Investment Limited, a company incorporated in the British Virgin Islands, and (ii) 760,000 ADSs, representing 3,800,000 Class A ordinary shares, directly held by PPD Investment Limited. Mr. Shaofeng Gu is the sole shareholder and the sole director of PPD Investment Limited. 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 twenty 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. |
| CUSIP No. G3524C107 | Page 3 of 7 pages |
| 1 | Name of Reporting Person
PPD Investment 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
398,618,900 (2) | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
398,618,900 (2) | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
398,618,900 (2) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row 9
26.1% | |||||
| 12 | Type of Reporting Person
CO | |||||
| (2) | Represents (i) 394,818,900 Class B ordinary shares directly held by PPD Investment Limited, a company incorporated in the British Virgin Islands, and (ii) 760,000 ADSs, representing 3,800,000 Class A ordinary shares, directly held by PPD Investment Limited. Mr. Shaofeng Gu is the sole shareholder and the sole director of PPD Investment Limited. 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 twenty 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. |
| CUSIP No. G3524C107 | Page 4 of 7 pages |
| Item 1(a). | Name of Issuer: |
FinVolution Group (the Issuer)
| Item 1(b). | Address of Issuers Principal Executive Offices: |
Building G1, No. 999 Dangui Road, Pudong New District, Shanghai 201203, Peoples Republic of China
| Item 2(a). | Name of Person Filing: |
Shaofeng Gu and PPD Investment Limited (collectively, the Reporting Persons)
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
The address of the Reporting Persons is c/o Building G1, No. 999 Dangui Road, Pudong New District, Shanghai 201203, Peoples Republic of China.
| Item 2(c) Citizenship: |
Shaofeng Gu is a citizen of the People Republic of China. PPD Investment Limited is a British Virgin Islands company solely owned by Shaofeng Gu.
| Item 2(d). | Title of Class of Securities: |
Class A ordinary shares, $0.00001 par value per share
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 twenty 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: |
G3524C107
This CUSIP number applies to the Class A ordinary shares of the Issuer, par value $0.00001 per share. CUSIP number 31810T101 has also been assigned to the American depositary shares of the Issuer, each representing five Class A ordinary shares of the Issuer, par value $0.00001 per share.
| 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: |
| 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: | |||||||||||||||||||||
| Shaofeng Gu | 398,618,900 | (1) | 26.1 | % (2) | 62.4 | % (3) | 398,618,900 | (1) | 0 | 398,618,900 | (1) | 0 | ||||||||||||||||
| PPD Investment Limited | 398,618,900 | (1) | 26.1 | % (2) | 62.4 | % (3) | 398,618,900 | (1) | 0 | 398,618,900 | (1) | 0 | ||||||||||||||||
| (1) | Represents (i) 394,818,900 Class B ordinary shares directly held by PPD Investment Limited, a company incorporated in the British Virgin Islands, and (ii) 760,000 ADSs, representing 3,800,000 Class A ordinary shares, directly held by PPD Investment Limited. Mr. Shaofeng Gu is the sole shareholder and the sole director of PPD Investment Limited. 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 twenty 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. |
| (2) | The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 1,529,437,404 ordinary shares (being the sum of 943,437,404 Class A ordinary shares and 586,000,000 Class B ordinary shares) of the Issuer outstanding as of December 31, 2019. In computing the percentage ownership of a Reporting Person, we have included shares that the Reporting Person has the right to acquire within 60 days, including through the exercise of any option, warrant or other right or the conversion of any other security, after December 31, 2019. |
| (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 Class A and Class B ordinary shares of the Issuer as a single class. 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 twenty 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 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
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 12, 2020
| SHAOFENG GU | ||
| /s/ Shaofeng Gu | ||
| PPD INVESTMENT LIMITED | ||
| By: | /s/ Shaofeng Gu | |
| Name: | Shaofeng Gu | |
| Title: | Director | |
LIST OF EXHIBITS
| Exhibit No. | Description | |
| A | Joint Filing Agreement | |