Filing Details
- Accession Number:
- 0001104659-18-006649
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-06 06:03:07
- Filed By:
- Chou Shao-ning Johnny
- Company:
- Best Inc. (NYSE:BEST)
- Filing Date:
- 2018-02-06
- 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 |
---|---|---|---|---|---|---|
Shao-Ning Johnny Chou | 47,790,698 | 0 | 47,790,698 | 0 | 47,790,698 | 17.1% |
| UNITED STATES |
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| SECURITIES AND EXCHANGE COMMISSION |
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| Washington, D.C. 20549 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
BEST Inc.
(Name of Issuer)
Class A ordinary shares, US$0.01 par value per share
(Title of Class of Securities)
08653C106(1)
(CUSIP Number)
December 31, 2017
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o | Rule 13d-1(b) |
o | Rule 13d-1(c) |
x | 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 (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).
(1) This CUSIP number applies to the Issuers American Depositary Shares, each representing one Class A ordinary share.
SCHEDULE 13G
CUSIP No. 08653C106(2) |
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1 | Names of Reporting Persons | ||
2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) o | ||
3 | SEC Use Only | ||
4 | Citizenship or Place of Organization | ||
Number of | 5 | Sole Voting Power | |
6 | Shared Voting Power | ||
7 | Sole Dispositive Power | ||
8 | Shared Dispositive Power | ||
9 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | ||
11 | Percent of Class Represented by Amount in Row (9) | ||
12 | Type of Reporting Person (See Instructions) | ||
* Unless otherwise noted, the shareholding percentages used in this Schedule 13G are calculated using 279,709,150 Class A ordinary shares as the denominator, which is equal to the sum of (a) 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of November 16, 2017, the date of the Issuers earnings release for the third quarter of fiscal year 2017, which was reported on the Issuers current report on Form 6-K furnished on November 17, 2017, and (b) 47,790,698 Class A ordinary shares assumed to be converted from all Class C ordinary shares beneficially owned by Mr. Shao-Ning Johnny Chou at a conversion rate of 1:1. Beneficial ownership information is presented as of December 31, 2017.
(2) This CUSIP number applies to the Issuers American Depositary Shares, each representing one Class A ordinary share.
(3) Represents 47,790,698 Class C ordinary shares. Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class C ordinary shares under any circumstances.
(4) This shareholding percentage is calculated using 373,784,399 ordinary shares as the denominator, which is equal to the sum of (a) 231,918,452 Class A ordinary shares, (b) 94,075,249 Class B ordinary shares, and (c) 47,790,698 Class C ordinary shares of the Issuer issued and outstanding as of November 16, 2017, the date of the Issuers earnings release for the third quarter of fiscal year 2017, which was reported on the Issuers current report on Form 6-K furnished on November 17, 2017.
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Item 1. | |||
| (a) | Name of Issuer: | |
| (b) | Address of Issuers Principal Executive Offices: No. 18 Tangmiao Road, Xihu District, Hangzhou Zhejiang Province 310013 Peoples Republic of China | |
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Item 2. | |||
| (a) | Name of Person Filing: | |
| (b) | Address of Principal Business Office or, if none, Residence: | |
| (c) | Citizenship: | |
| (d) | Title and Class of Securities: | |
| (e) | CUSIP No.: | |
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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) | o | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| (b) | o | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | o | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) | o | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| (e) | o | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
| (f) | o | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) | o | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
| (h) | o | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | o | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); |
| (j) | o | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); |
| (k) | o | 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:____________________________ |
(5) This CUSIP number applies to the Issuers American Depositary Shares, each representing one Class A ordinary share.
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Item 4. | Ownership | ||
Mr. Shao-Ning Johnny Chou beneficially owns 47,790,698 Class C ordinary shares issued by BEST Inc. (the Issuer).
Convertibility of Class C ordinary shares into Class A ordinary shares
Each Class C ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class C ordinary shares under any circumstances.
Voting and Dispositive Power
By virtue of his beneficial ownership of 47,790,698 Class C ordinary shares, Mr. Chou may be deemed to beneficially own in aggregate 47,790,698, or 17.1%, of the Issuers Class A ordinary shares (representing 12.8%(6) of the total issued and outstanding ordinary shares of the Issuer), assuming only the conversion of all Class C ordinary shares beneficially owned by him. Mr. Shao-Ning Johnny Chou may thereby be deemed to have sole voting and dispositive power over more than five percent of the Issuers Class A ordinary shares.
Each Class A ordinary share is entitled to one vote, each Class B ordinary share is entitled to 15 votes, and each Class C ordinary share is entitled to 30 votes at general meetings of the Issuers shareholders. The Class C ordinary shares beneficially owned by Mr. Chou represent 46.6% of the aggregate voting power of the Issuers issued and outstanding share capital.
Calculations
Unless otherwise noted, the shareholding percentages used in this Schedule 13G are calculated using 279,709,150 Class A ordinary shares as the denominator, which is equal to the sum of (a) a total of 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of November 16, 2017, the date of the Issuers earnings release for the third quarter of fiscal year 2017, which was reported on the Issuers current report on Form 6-K furnished on November 17, 2017, and (b) 47,790,698 Class A ordinary shares assumed to be converted from all Class C ordinary shares beneficially owned by Mr. Chou at a conversion rate of 1:1. Beneficial ownership information is presented as of December 31, 2017. | |||
| (a) | Amount beneficially owned: 47,790,698 | |
| (b) | Percent of class: 17.1% | |
| (c) | Number of shares as to which the person has:
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| (i) | Sole power to vote or to direct the vote: 47,790,698 |
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| (ii) | Shared power to vote or to direct the vote: 0 |
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| (iii) | Sole power to dispose or to direct the disposition of: 47,790,698 |
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| (iv) | Shared power to dispose or to direct the disposition of: 0 |
(6) This shareholding percentage is calculated using 373,784,399 ordinary shares as the denominator, which is equal to the sum of (a) 231,918,452 Class A ordinary shares, (b) 94,075,249 Class B ordinary shares, and (c) 47,790,698 Class C ordinary shares of the Issuer issued and outstanding as of November 16, 2017, the date of the Issuers earnings release for the third quarter of fiscal year 2017, which was reported on the Issuers current report on Form 6-K furnished on November 17, 2017.
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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 5 percent of the class of securities, check the following o. | |
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Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable. | |
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Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. |
Not applicable. | |
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Item 8. | Identification and Classification of Members of the Group. |
Not applicable. | |
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Item 9. | Notice of Dissolution of Group. |
Not applicable. | |
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Item 10. | Certifications. |
Not applicable. |
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SIGNATURES
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 6, 2018 |
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| /s/ Shao-Ning Johnny Chou |
| Shao-Ning Johnny Chou |
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