Filing Details

 

 

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.     )*

 

 

Connect Biopharma Holdings Limited

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

207523101**

(CUSIP Number)

December 22, 2022

(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.

 

**	There is no CUSIP number assigned to the Ordinary Shares of the Issuer (Ordinary Shares). CUSIP number 207523101 has been assigned to the American Depositary Shares of the Issuer (ADSs). Each ADS represents one Ordinary Share.

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).

 

 

 

CUSIP No. 207523101		Schedule 13G		Page 1 of 9

 

1		Names of Reporting Persons     Panacea OpportunityFund I, 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     2,820,000
				7		Sole Dispositive Power     0
				8		Shared Dispositive Power     2,820,000

9		Aggregate Amount Beneficially Owned by Each Reporting Person     2,820,000
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.1%
12		Type of Reporting Person     PN

CUSIP No. 207523101		Schedule 13G		Page 2 of 9

 

1		Names of Reporting Persons     Panacea Opportunity Fund I GP Company, 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     2,820,000
				7		Sole Dispositive Power     0
				8		Shared Dispositive Power     2,820,000

9		Aggregate Amount Beneficially Owned by Each Reporting Person     2,820,000
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.1%
12		Type of Reporting Person     CO

CUSIP No. 207523101		Schedule 13G		Page 3 of 9

 

1		Names of Reporting Persons     Panacea Innovation Limited
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     2,820,000
				7		Sole Dispositive Power     0
				8		Shared Dispositive Power     2,820,000

9		Aggregate Amount Beneficially Owned by Each Reporting Person     2,820,000
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.1%
12		Type of Reporting Person     CO

 

 

CUSIP No. 207523101		Schedule 13G		Page 4 of 9

 

1		Names of Reporting Persons     James Huang
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 China

Number of Shares  Beneficially  Owned by Each Reporting Person With				5		Sole Voting Power     0
				6		Shared Voting Power     2,820,000
				7		Sole Dispositive Power     0
				8		Shared Dispositive Power     2,820,000

9		Aggregate Amount Beneficially Owned by Each Reporting Person     2,820,000
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.1%
12		Type of Reporting Person     IN

 

CUSIP No. 207523101		Schedule 13G		Page 5 of 9

 

ITEM 1. (a) Name of Issuer:

Connect Biopharma Holdings Limited (the Issuer).

(b) Address of Issuers Principal Executive Offices:

12265 El Camino Real, Suite 350, San Diego, CA 92130.

ITEM 2. (a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

Panacea Opportunity Fund I, L.P.

Panacea Opportunity Fund I GP Company, Ltd.

Panacea Innovation Limited

James Huang

(b) Address of Principal Business Office:

The business address of each of the Reporting Persons is c/o Maples Corporate Services Limited, Ugland House, Grand Cayman KY1-1104, Cayman Islands.

(c) Citizenship of each Reporting Person is:

Mr. Huang is a citizen of the Republic of China. The remaining Reporting Persons are organized under the laws of the Cayman Islands.

(d) Title of Class of Securities:

Ordinary Shares, par value $0.000174 per share (the Ordinary Shares). The Ordinary Shares are sold on the U.S. market as ADSs, each of which represents one Ordinary Share.

(e) CUSIP Number:

207523101

ITEM 3.

Not applicable.

CUSIP No. 207523101		Schedule 13G		Page 6 of 9

 

ITEM 4. Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Ordinary Shares as of the date of this filing, based upon 55,015,779 Ordinary Shares outstanding as of June 17, 2022, as disclosed in the Issuers Prospectus on Form F-3, filed with the Securities and Exchange Commission on June 17, 2022.

 

Reporting Person		Amount beneficially owned				Percent of class:				Sole power to vote or to 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:
Panacea Opportunity Fund I, L.P.			2,820,000				5.1	%			0				2,820,000				0				2,820,000
Panacea Opportunity Fund I GP Company, Ltd.			2,820,000				5.1	%			0				2,820,000				0				2,820,000
Panacea Innovation Limited			2,820,000				5.1	%			0				2,820,000				0				2,820,000
James Huang			2,820,000				5.1	%			0				2,820,000				0				2,820,000

Panacea Opportunity Fund I, L.P. is the record holder of the Ordinary Shares reported herein.

James Huang is the sole owner of Panacea Innovation Limited, which is the sole owner of Panacea Opportunity Fund I GP Company, Ltd., which is the general partner of Panacea Opportunity Fund I, L.P. As a result, each of the Reporting Persons may be deemed to share beneficial ownership of the Ordinary Shares directly reported herein, but each disclaims such beneficial ownership.

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.

Not applicable.

ITEM 8. Identification and Classification of Members of the Group.

Not applicable.

CUSIP No. 207523101		Schedule 13G		Page 7 of 9

 

ITEM 9. Notice of Dissolution of Group.

Not applicable.

ITEM 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

CUSIP No. 207523101		Schedule 13G		Page 8 of 9

 

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.

Date: January 3, 2023

 

CUSIP No. 207523101		Schedule 13G		Page 9 of 9

 

LIST OF EXHIBITS

 

Exhibit No.		Description
99		Joint Filing Agreement.