Filing Details

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.

  NAME OF REPORTING PERSON

  Photon Group Limited

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

  (a)  ☐        (b)  ☒

  SEC USE ONLY

  SOURCE OF FUNDS (See Instructions)

  WC

   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

  ☐

   CITIZENSHIP OR PLACE OF ORGANIZATION

  British Virgin Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  SOLE VOTING POWER

  10,716,433 Ordinary Shares

  SHARED VOTING POWER

  0

  SOLE DISPOSITIVE POWER

  10,716,433 Ordinary Shares

  SHARED DISPOSITIVE POWER

  0

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  10,716,433 Ordinary Shares

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

      ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

  27.3%

  TYPE OF REPORTING PERSON (See Instructions)

  CO

Source and Amount of Funds or Other Consideration.

From January 18, 2022 to March 11, 2022, Photon purchased on the open market an aggregate of 439,757 American depositary shares (ADSs), each representing one Ordinary Share, consisting of (i) 9,652 ADSs purchased on January 18, 2022 for a purchase price of $17.49 per ADS; (ii) 9,652 ADSs purchased on January 19, 2022 for a purchase price of $17.59 per ADS; (iii) 9,652 ADSs purchased on January 20, 2022 for a purchase price of $17.86 per ADS; (iv) 9,652 ADSs purchased on January 21, 2022 for a purchase price of $17.75 per ADS; (v) 10,300 ADSs purchased on January 24, 2022 for a purchase price of $17.30 per ADS; (vi) 10,300 ADSs purchased on January 25, 2022 for a purchase price of $17.67 per ADS; (vii) 10,300 ADSs purchased on January 26, 2022 for a purchase price of $18.03 per ADS; (viii) 10,300 ADSs purchased on January 27, 2022 for a purchase price of $17.24 per ADS; (ix) 10,300 ADSs purchased on January 28, 2022 for a purchase price of $16.55 per ADS; (x) 11,348 ADSs purchased on January 31, 2022 for a purchase price of $17.80 per ADS; (xi) 11,348 ADSs purchased on February 1, 2022 for a purchase price of $18.36 per ADS; (xii) 11,348 ADSs purchased on February 2, 2022 for a purchase price of $18.11 per ADS; (xiii) 11,348 ADSs purchased on February 3, 2022 for a purchase price of $18.06 per ADS; (xiv) 11,348 ADSs purchased on February 4, 2022 for a purchase price of $17.86 per ADS; (xv) 11,212 ADSs purchased on February 7, 2022 for a purchase price of $17.87 per ADS; (xvi) 11,212 ADSs purchased on February 8, 2022 for a purchase price of $18.21 per ADS;

(xvii) 11,212 ADSs purchased on February 9, 2022 for a purchase price of $19.00 per ADS; (xviii) 11,212 ADSs purchased on February 10, 2022 for a purchase price of $19.24 per ADS; (xix) 11,212 ADSs purchased on February 11, 2022 for a purchase price of $18.96 per ADS; (xx) 11,429 ADSs purchased on February 14, 2022 for a purchase price of $18.40 per ADS; (xxi) 11,429 ADSs purchased on February 15, 2022 for a purchase price of $19.08 per ADS; (xxii) 11,429 ADSs purchased on February 16, 2022 for a purchase price of $19.11 per ADS; (xxiii) 11,429 ADSs purchased on February 17, 2022 for a purchase price of $19.45 per ADS; (xxiv) 11,429 ADSs purchased on February 18, 2022 for a purchase price of $18.82 per ADS; (xxv) 11,811 ADSs purchased on February 22, 2022 for a purchase price of $17.89 per ADS; (xxvi) 11,811 ADSs purchased on February 23, 2022 for a purchase price of $18.53 per ADS; (xxvii) 11,811 ADSs purchased on February 24, 2022 for a purchase price of $18.00 per ADS; (xxviii) 11,811 ADSs purchased on February 25, 2022 for a purchase price of $18.27 per ADS; (xxix) 12,289 ADSs purchased on February 28, 2022 for a purchase price of $18.72 per ADS; (xxx) 12,289 ADSs purchased on March 1, 2022 for a purchase price of $19.05 per ADS; (xxxi) 12,289 ADSs purchased on March 2, 2022 for a purchase price of $18.20 per ADS; (xxxii) 12,289 ADSs purchased on March 3, 2022 for a purchase price of $18.31 per ADS; (xxxiii) 12,289 ADSs purchased on March 4, 2022 for a purchase price of $17.76 per ADS; (xxxiv) 14,203 ADSs purchased on March 7, 2022 for a purchase price of $17.61 per ADS; (xxxv) 14,203 ADSs purchased on March 8, 2022 for a purchase price of $16.74 per ADS; (xxxvi) 14,203 ADSs purchased on March 9, 2022 for a purchase price of $17.91 per ADS; (xxxvii) 14,203 ADSs purchased on March 10, 2022 for a purchase price of $17.29 per ADS; and (xxxviii) 14,203 ADSs purchased on March 11, 2022 for a purchase price of $15.86 per ADS (collectively, the Purchases).

Purpose of the Transaction.

Interest in Securities of the Issuer.

Amount Beneficially Owned:

Number of shares as to which Photon has:

sole power to vote or to direct the vote: 10,716,433 Ordinary Shares.

shared power to vote or to direct the vote: None

sole power to dispose or to direct the disposition of: 10,716,433 Ordinary Shares.

shared power to dispose or to direct the disposition of: None

The following transactions have been effected during the past 60 days:

Not applicable.

Not applicable.