Filing Details

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Names of Reporting Persons

Chau Hoi Shuen Solina Holly

Check the appropriate box if a member of a Group (see instructions)

(a) ☐ (b) ☐

Sec Use Only

Citizenship or Place of Organization

Hong Kong

Accession Number:: 0001193125-20-035599
Form Type:: 13G Filing
Publication Date:: 2020-02-13 16:20:02

Filed By:: Chau Hoi Shuen Solina Holly
Company:: Celsius Holdings Inc. (NASDAQ:CELH)
Filing Date:: 2020-02-13
SEC Url:: 13G Filing

Ownership Summary

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	Sole Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Chau Hoi Shuen Solina Holly	6,279,964	6,279,964	6,279,964	9.1%
Grieg International Limited	6,044,009	6,044,009	6,044,009	8.8%
Oscar Time Limited	235,955	235,955	235,955	0.3%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

Celsius Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

155118V207

(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 the disclosures provided in a prior cover page.

The information required in 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 (the 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).

SCHEDULE 13G

CUSIP No. 155118V207

CUSIP No. 155118V207

CUSIP No. 155118V207

Item 1.

(a)

Name of Issuer:

Celsius Holdings, Inc.

(b)

Address of Issuers Principal Executive Offices:

2424 North Federal Highway, Suite 208

Boca Raton, Florida 33431

Item 2.

(a)

Name of Person Filing:

(1) Chau Hoi Shuen Solina Holly

(2) Grieg International Limited

(3) Oscar Time Limited

(b)

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

The address of principal business office for Chau Hoi Shuen Solina Holly is:

Suites PT. 2909 & 2910, Harbour Centre

25 Harbour Road

Wanchai, Hong Kong

The address of principal business office for Grieg International Limited and Oscar Time Limited is:

c/o Vistra Corporate Services Centre

Wickhams Cay II

Road Town, Tortola

VG1110, British Virgin Islands

(c)

Citizenship:

Chau Hoi Shuen Solina Holly Hong Kong

Grieg International Limited British Virgin Islands

Oscar Time Limited British Virgin Islands

(d)

Title and Class of Securities:

Common Stock

(e)

CUSIP No.:

155118V207

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


(a)	☐	Broker or dealer registered under Section 15 of the Act;

(b)	☐	Bank as defined in Section 3(a)(6) of the Act;

(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act;

(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940;

(e)	☐	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)	☐	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)	☐	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

(j)	☐	A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

(k)	☐	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

Item 4.

Ownership

(1) Chau Hoi Shuen Solina Holly

(a)

Amount Beneficially Owned: 6,279,964

(b)

Percent of Class: 9.1%*

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote: 6,279,964

(ii)

Shared power to vote or to direct the vote: 0

(iii)

Sole power to dispose or to direct the disposition of: 6,279,964

(iv)

Shared power to dispose or to direct the disposition of: 0

(2) Grieg International Limited

(a)

Amount Beneficially Owned: 6,044,009

(b)

Percent of Class: 8.8%*

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote: 6,044,009

(ii)

Shared power to vote or to direct the vote: 0

(iii)

Sole power to dispose or to direct the disposition of: 6,044,009

(iv)

Shared power to dispose or to direct the disposition of: 0

(3) Oscar Time Limited

(a)

Amount Beneficially Owned: 235,955

(b)

Percent of Class: 0.3%*

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote: 235,955

(ii)

Shared power to vote or to direct the vote: 0

(iii)

Sole power to dispose or to direct the disposition of: 235,955

(iv)

Shared power to dispose or to direct the disposition of: 0

*	All calculations of percentage ownership herein are based upon 68,875,257 Shares outstanding as of November 7, 2019, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2019.

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 five percent of the class of securities, check the following ☐.

Item 6.

Ownership of more than Five Percent on Behalf of Another Person.

N/A

Item 7.

Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.

The Shares referenced in Item 4 above are held of record by Grieg International Limited and Oscar Time Limited. Chau Hoi Shuen Solina Holly has sole voting and dispositive power over such Shares.

Item 8.

Identification and classification of members of the group.

N/A

Item 9.

Notice of Dissolution of Group.

N/A

Item 10.

Certifications.

N/A

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 13, 2020


Chau Hoi Shuen Solina Holly

By:		/s/ Ng Ngar Bun Raymond
Name:		Ng Ngar Bun Raymond
Title:		Attorney-in-Fact

Grieg International Limited

By:		/s/ Ng Ngar Bun Raymond
Name:		Ng Ngar Bun Raymond
Title:		Attorney-in-Fact

Oscar Time Limited

By:		/s/ Ng Ngar Bun Raymond
Name:		Ng Ngar Bun Raymond
Title:		Attorney-in-Fact

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representatives authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

Exhibit Index


Exhibit 24		Power of Attorney for Grieg International Limited (incorporated by reference to Exhibit 24 to the Form 4 filed by Chau Hoi Shuen Solina Holly with the Securities and Exchange Commission on December 31, 2018).

Exhibit 24		Power of Attorney for Oscar Time Limited (incorporated by reference to Exhibit 24 to Amendment No. 1 to the Schedule 13G filed by Chau Hoi Shuen Solina Holly with the Securities and Exchange Commission on February 14, 2019).

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned agree that the Statement on Schedule 13G to which this exhibit is attached is filed on behalf of each of them, and that all subsequent amendments to the Statement on Schedule 13G to which this exhibit is attached shall be filed on behalf of each of them without the necessity of filing additional joint filing statements. Each of them is individually eligible to use Schedule 13G to which this exhibit is attached. Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of February 13, 2020.


Chau Hoi Shuen Solina Holly

By:		/s/ Ng Ngar Bun Raymond
Name:		Ng Ngar Bun Raymond
Title:		Attorney-in-Fact

Grieg International Limited

By:		/s/ Ng Ngar Bun Raymond
Name:		Ng Ngar Bun Raymond
Title:		Attorney-in-Fact

Oscar Time Limited

By:		/s/ Ng Ngar Bun Raymond
Name:		Ng Ngar Bun Raymond
Title:		Attorney-in-Fact