Filing Details
- Accession Number:
- 0001193125-24-032782
- Form Type:
- 13G Filing
- Publication Date:
- 2024-02-12 19:00:00
- Filed By:
- Sumitomo Mitsui Financial Group, Inc.
- Company:
- 360 Digitech Inc. (NASDAQ:QFIN)
- Filing Date:
- 2024-02-13
- 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 |
---|---|---|---|---|---|---|
Sumitomo Mitsui Financial Group, Inc | 0 | 7,748,328 | 0 | 7,748,328 | 7,748,328 | 2.40% |
SMBC Asset Management Services (UK) Limited | 0 | 7,740,800 | 0 | 7,740,800 | 7,740,800 | 2.40% |
TT International Asset Management Ltd | 0 | 7,740,800 | 0 | 7,740,800 | 7,740,800 | 2.40% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Qifu Thechnology. (f/k/a Qifu Technology, Inc.)
(Name of Issuer)
Class A Ordinary Shares, par value $0.00001 per share
(Title of Class of Securities)
88557W101**
(CUSIP Number)
December 31, 2023
(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).
** | CUSIP Number 88557W101 applies to the American Depository Shares (ADS) of Qifu Thechnology, Inc,. (the Issuer). Each ADS represents two Class A Ordinary Shares. No CUSIP number has been assigned to the Class A Ordinary Shares. |
CUSIP No. 88557W101
|
Page 2 of 9 Pages
|
1 | NAME OF REPORTING PERSONS
Sumitomo Mitsui Financial Group, Inc. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Tokyo, Japan | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
7,748,328 (1) | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
7,748,328 (1) | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,748,328 (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)
2.40% (2) | |||||
12 | TYPE OF REPORTING PERSON (See Instructions)
FI |
1. | Represents 7,748,328 Class A Ordinary Shares in the form of ADS held by various investment vehicles for which TT International Asset Management and Sumitomo Mitsui DS Asset Management Company, Ltd serve as investment manager. |
2. | Based upon 322,792,063 Class A Ordinary Shares outstanding as of December 31, 2023, according to the Form 20-F filed by the Issuer with the Securities and Exchange Commission (the SEC) on April 27, 2023. |
CUSIP No. 88557W101
|
Page 3 of 9 Pages
|
1 | NAME OF REPORTING PERSONS
SMBC Asset Management Services (UK) Limited | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
London, United Kingdom | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
7,740,800 (1) | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
7,740,800 (1) | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,740,800 (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)
2.40% (2) | |||||
12 | TYPE OF REPORTING PERSON (See Instructions)
FI |
1. | Represents 7,740,800 Class A Ordinary Shares in the form of ADS held by various investment vehicles for which TT International Asset Management serves as investment manager. |
2. | Based upon 322,792,063 Class A Ordinary Shares outstanding as of December 31, 2023, according to the Form 20-F filed by the Issuer with the SEC on April 27, 2023. |
CUSIP No. 88557W101
|
Page 4 of 9 Pages
|
1 | NAME OF REPORTING PERSONS
TT International Asset Management Ltd | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
London, United Kingdom | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
7,740,800 (1) | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
7,740,800 (1) | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,740,800 (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)
2.40% (2) | |||||
12 | TYPE OF REPORTING PERSON (See Instructions)
FI |
1. | Represents 7,740,800 Class A Ordinary Shares in the form of ADS held by various investment vehicles for which TT International Asset Management serves as investment manager. |
2. | Based upon 322,792,063 Class A Ordinary Shares outstanding as of December 31, 2023, according to the Form 20-F filed by the Issuer with the SEC on April 27, 2023. |
Item 1. |
(a) | Name of Issuer. |
Qifu Thechnology, Inc,.
(b) | Address of Issuers Principal Executive Offices. |
7/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, Peoples Republic of China.
Item 2. |
(a) | Name of Person Filing. |
This Statement on Schedule 13G is being filed by Sumitomo Mitsui Financial Group, Inc. (SMFG), SMBC Asset Management Services (UK) Ltd (SMBCAM), and TT International Asset Management Ltd. (TTIAM), (together, the Reporting Persons) with respect to the Class A Ordinary Shares held by various investment vehicles for which TTIAM serves as investment manager (the Investment Vehicles). TTIAM is a wholly-owned subsidiary of SMBCAM, which is a wholly-owned subsidiary of SMFG. The Investment Vehicles hold American Depositary Shares of the Issuer, which represent in the aggregate 7,748,328 Class A Ordinary Shares, representing 2.40% of the issued and outstanding Class A Ordinary Shares. None of the Investment Vehicles holds more than 5% of the issued and outstanding Class A Ordinary Shares.
(b) | Address of Principal Business Office or, if none, Residence. |
SMFG
1-2 Marunouchi, 1-chome, Chiyoda-Ku, Tokyo, Japan
SMBCAM
100 Liverpool Street, London, United Kingdom
TTIAM
62 Threadneedle Street, London, United Kingdom
(c) | Citizenship. |
Each of SMFG is organized under the laws of Japan. Each of SMBCAM and TTIAM is organized under the laws of the United Kingdom.
(d) | Title of Class of Securities. |
Class A Ordinary Shares
(e) | CUSIP Number. |
88557W101
There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 88557W101 has been assigned to the American Depositary Shares (ADS) of the Issuer, each ADS representing two Class A Ordinary Shares.
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 § 240.13(d)-1(b)(1)(ii)(E). |
(f) | ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F). |
(g) | ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G). |
(h) | ☐ A savings association 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 § 240.13d-1(b)(1)(ii)(J). |
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: SMFG is a bank holding company registered with the Japan Financial Services Agency (JFSA). SMBCAM is a parent holding company holding 100% of the shares of TTIAM, which is an investment adviser registered with the UK Financial Conduct Authority (UKFCA).
Item 4. | Ownership. |
The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
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. |
Not Applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
As of December 31, 2023, TTIAM indirectly beneficially owns 7,740,800 Class A Ordinary Shares held by Investment Vehicles for which TTIAM serves as investment manager.
Item 8. | Identification and Classification of Member of the Group. |
Not applicable.
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 acquired and are held in the ordinary course of business and 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.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to holding companies and investment advisers is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
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, 2024
Sumitomo Mitsui Financial Group, Inc. | ||||
By: | /s/ Masahiro Yoshimura | |||
Name: | Masahiro Yoshimura | |||
Title: | Executive Officer and General Manager of Corporate Planning Department |
Dated: February 13, 2024
SMBC Asset Management Services (UK) Limited | ||||
By: | /s/ Saburo Yoshida | |||
Name: | Saburo Yoshida | |||
Title: | Director |
Dated: February 13, 2024
TT International Asset Management Ltd | ||||
By: | /s/ Peter M. Fox | |||
Name: | Peter M. Fox | |||
Title: | Chief Compliance Officer |