Filing Details

Accession Number:
0000950103-22-002360
Form Type:
13G Filing
Publication Date:
2022-02-10 19:00:00
Filed By:
Tongbo Liu
Company:
Sunlands Technology Group (NYSE:STG)
Filing Date:
2022-02-11
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 Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Tongbo Liu 1,027,972 0 513,114 0 1,027,972 35.8%
Studyvip E-learning Limited 545,240 0 30,382 0 545,240 22.9%
SCuPt Global Limited 355,306 0 355,306 0 355,306 16.2%
Filing

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No. 3)

 


 

Sunlands Technology Group (f/k/a Sunlands Online Education Group)

(Name of Issuer)

 

Class A Ordinary Shares, $0.0005 par value

(Title of Class of Securities)

 

86740P108**

(CUSIP Number)

 

        December 31, 2021        

(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 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 the disclosures provided in a prior cover page.

 

** CUSIP number 86740P108 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, which is quoted on the New York Stock Exchange under the symbol “STG.” Each ADS represents one half (1/2) Class A ordinary shares.

 

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 (“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).

 

(Continued on following page(s))

 

 

 

 

1

NAME OF REPORTING PERSON
Tongbo Liu

 

 
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 5

SOLE VOTING POWER
1,027,972 (1)

 

6

SHARED VOTING POWER
-0-

 

7

SOLE DISPOSITIVE POWER
513,114 (2)

 

8 SHARED DISPOSITIVE POWER
-0-
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,972 (1)

 

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN

SHARES (SEE INSTRUCTIONS)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
35.8%

 

 
12

TYPE OF REPORTING PERSON*
IN

 

 
 
(1)Consists of (i) 355,306 Class C ordinary shares held by SCuPt Global Limited, a company wholly owned by Mr. Tongbo Liu; (ii) 127,426 Class C ordinary shares held by TheTwinPeak Limited, ultimately wholly owned by Vistra Trust (Hong Kong) Limited, as trustee of an irrevocable trust constituted, with Mr. Tongbo Liu as the settlor and certain family members of Mr. Tongbo Liu as the beneficiaries; and (iii) 545,240 Class C ordinary shares held by Studyvip E-learning Limited, in which Mr. Tongbo Liu has an ownership interest and over all of which shares Mr. Tongbo Liu has voting power. Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof.

 

(2)Consists of (i) 355,306 Class C ordinary shares held by SCuPt Global Limited, a company wholly owned by Mr. Tongbo Liu; (ii) 127,426 Class C ordinary shares held by TheTwinPeak Limited, ultimately wholly owned by Vistra Trust (Hong Kong) Limited, as trustee of an irrevocable trust constituted, with Mr. Tongbo Liu as the settlor and certain family members of Mr. Tongbo Liu as the beneficiaries; and (iii) 30,382 Class C ordinary shares held by Studyvip E-learning Limited. Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof.

 

 

 

1

NAME OF REPORTING PERSON
Studyvip E-learning 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 5

SOLE VOTING POWER
545,240 (1)

 

6

SHARED VOTING POWER
-0-

 

7

SOLE DISPOSITIVE POWER
30,382 (2)

 

8 SHARED DISPOSITIVE POWER
-0-
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,240 (1)

 

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
22.9%

 

 
12

TYPE OF REPORTING PERSON*
FI

 

 
 
(1)Consists of 545,240 Class C ordinary shares held by Studyvip E-learning Limited. Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof.

 

(2)Consists of 30,382 Class C ordinary shares held by Studyvip E-learning Limited. Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof.

 

 

 

1

NAME OF REPORTING PERSON
SCuPt Global 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 5

SOLE VOTING POWER
355,306 (1)

 

6

SHARED VOTING POWER
-0-

 

7

SOLE DISPOSITIVE POWER
355,306 (1)

 

8 SHARED DISPOSITIVE POWER
-0-
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
355,306 (1)

 

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN

SHARES (SEE INSTRUCTIONS)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%

 

 
12

TYPE OF REPORTING PERSON*
FI

 

 
 
(1)Consists of 355,306 Class C ordinary shares held by SCuPt Global Limited. Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof.

 

 

Item 1.

 

(a)Name of Issuer: Sunlands Technology Group (the “Issuer”)

 

(b)Address of Issuer’s Principal Executive Offices:

 

Building 4-6, Chaolai Science Park, No. 36
Chuangyuan Road, Chaoyang District,
Beijing, 100012, the People’s Republic of China

 

Item 2.

 

(a)Name of Person Filing:

 

Tongbo Liu
Studyvip E-learning Limited
SCuPt Global Limited

  

(b)Address of Principal Business Office or if none, Residence:

 

c/o Sunlands Technology Group
Building 4-6, Chaolai Science Park, No. 36
Chuangyuan Road, Chaoyang District,
Beijing, 100012, the People’s Republic of China

 

(c)Citizenship:

 

Tongbo Liu – People’s Republic of China
Studyvip E-learning Limited – British Virgin Islands
SCuPt Global Limited – British Virgin Islands

  

(d)Title of Class of Securities: Class A Ordinary Shares, $0.0005 par value

 

(e)CUSIP Number: CUSIP number 86740P108 has been assigned to the ADSs, which is quoted on the New York Stock Exchange under the symbol “STG.” Each ADS represents one half (1/2) Class A ordinary shares.

 

Item 3.Not Applicable

 

Item 4.Ownership.

 

(a)The information required by Items 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.

 

(b)Percent of Class:

 

Tongbo Liu – 35.8%

 

Studyvip E-learning Limited – 22.9%

 

SCuPt Global Limited – 16.2%

 

The foregoing percentages are based on 1,839,553 Class A ordinary shares issued and outstanding as of December 31, 2021 provided by the Issuer.

  

(c)The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.

 

 

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 Subsidiary Which Acquired the Securities: 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.

 

February 11, 2022

 

     
    /s/ Tongbo Liu  
   

Tongbo Liu

 
       
       
  STUDYVIP E-LEARNING LIMITED  
     
  By: /s/ Tongbo Liu  
    Name:

Tongbo Liu

 
    Title: Director  
         
         
 

SCUPT GLOBAL LIMITED

 
     
  By: /s/ Tongbo Liu  
    Name:

Tongbo Liu

 
    Title: Director  

 

EXHIBIT 1

 

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.

 

IN WITNESS WHEREOF, the undersigned have executed this agreement as of February 11, 2022.

 

     
    /s/ Tongbo Liu  
   

Tongbo Liu

 
       
       
  STUDYVIP E-LEARNING LIMITED  
     
  By: /s/ Tongbo Liu  
    Name:

Tongbo Liu

 
    Title: Director  
         
         
 

SCUPT GLOBAL LIMITED

 
     
  By: /s/ Tongbo Liu  
    Name:

Tongbo Liu

 
    Title: Director