Sec Form 13G Filing - Will Wei Cheng filing for - 2025-05-02

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox not checked   Rule 13d-1(c)
Checkbox checked   Rule 13d-1(d)






SCHEDULE 13G



Comment for Type of Reporting Person:  Notes: (1) The amount set out in row (5) represents (i) 76,171,441 Class B ordinary shares held by Xiaocheng Investments Limited (beneficially owned by Will Wei Cheng, or Mr. Cheng, through a trust, of which Mr. Cheng is the settlor and Mr. Cheng and his family members are the beneficiaries) that Mr. Cheng has sole voting power over, and (ii) 20,546,798 Class A ordinary shares held by certain existing shareholders who have granted voting proxies to Mr. Cheng, in each case as of April 2, 2025. (2) The amount set out in row (7) represents 76,171,441 Class B ordinary shares held by Xiaocheng Investments Limited. (3) The amount set out in row (9) represents 76,171,441 Class B ordinary shares held by Xiaocheng Investments Limited The number of shares here represents the shares beneficially owned by Mr. Cheng in terms of economic interest, which is not the same as the shares over which Mr. Cheng has voting power as illustrated in Note (1) above. (4) The percentage of class of securities set out in row (11) is calculated by dividing the ordinary shares beneficially owned by the Reporting Person in terms of economic interests by the total number of ordinary shares outstanding as of April 2, 2025. (5) The amount set out in row (9) represents 42.3% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power of the ordinary shares beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of April 2, 2025. Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote.


SCHEDULE 13G



Comment for Type of Reporting Person:  The percentage of class of securities set out in row (11) is calculated by dividing the ordinary shares beneficially owned by the Reporting Person in terms of economic interests by the total number of ordinary shares outstanding as of April 2, 2025. The amount set out in row (9) represents 41.2% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power of the ordinary shares beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of April 2, 2025. Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote.


SCHEDULE 13G


 
Will Wei Cheng
 
Signature:/s/ Will Wei Cheng
Name/Title:Will Wei Cheng
Date:05/02/2025
 
Xiaocheng Investments Limited
 
Signature:/s/ Will Wei Cheng
Name/Title:Will Wei Cheng / Director
Date:05/02/2025
Exhibit Information

99.1 Joint Filing Agreement 99.2 Supplemental Information Regardin g Item 4

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