The following information with respect to the ownership of the ordinary shares of the Issuer by each of the reporting persons
is provided as of December 31, 2020:
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Reporting Person
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Amount
beneficially
owned:
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Percent
of class:
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Percent of
aggregate
voting
power:
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Sole power to
vote or direct
the vote:
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Shared power
to vote or to
direct the vote:
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Sole power to
dispose or to
direct the
disposition of:
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Shared power
to dispose or to
direct the
disposition of:
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Jun Dong
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30,389,829
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10.0
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%
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42.7
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%
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30,389,829
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0
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30,389,829
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0
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Flamel Enterprises Ltd
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18,448,795
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6.1
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%
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27.2
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%
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18,448,795
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0
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18,448,795
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0
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Genius Hub Limited
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10,381,034
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3.4
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%
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15.3
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%
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10,381,034
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0
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10,381,034
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0
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The 30,389,829 ordinary shares of the Issuer beneficially owned by Jun Dong comprise of (i) 18,448,795 Class B
ordinary shares directly held by Flamel Enterprises Ltd, (ii) 10,381,034 Class B ordinary shares directly held by Genius Hub Limited, and (iii) 1,560,000 Class A ordinary shares that Mr. Dong has the right to acquire upon
exercise of options within 60 days after December 31, 2020.
As of December 31, 2020, 18,448,795 Class B ordinary shares were directly held
by Flamel Enterprises Ltd, a British Virgin Islands business company. Mr. Jun Dong is the sole shareholder and the sole director of Flamel Enterprises Ltd.
As of December 31, 2020, 10,381,034 Class B ordinary shares were directly held by Genius Hub Limited. Genius Hub Limited is wholly owned and
controlled by Coastal Hero Limited. Coastal Hero Limited is controlled by Genesis Trust, a trust established under the laws of the Cayman Islands and managed by TMF (Cayman) Ltd. as the trustee. Mr. Dong is the settlor of Genesis Trust, and
Mr. Dong and his family members are the trust’s beneficiaries. Under the terms of the trust, Mr. Dong has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights
attached to, the shares held by Genius Hub Limited.
The percentage of class of securities beneficially owned by each Reporting Person is based on a total
of 303,071,854 ordinary shares (being the sum of 252,132,334 Class A ordinary shares and 50,939,520 Class B ordinary shares) of the Issuer outstanding as of December 31, 2020 as a single class. Class B ordinary shares are
convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into
Class B ordinary shares under any circumstances. In computing the percentage ownership of a Reporting Person, we have included shares that the Reporting Person has the right to acquire within 60 days, including through the exercise of any
option, warrant or other right or the conversion of any other security, after December 31, 2020.
The percentage of voting power is calculated by
dividing the voting power beneficially owned by each Reporting Person by the voting power of all of the Issuer’s Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2020. Each holder of
Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to fifteen votes per share, subject to certain conditions, on all matters submitted to them for vote.
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Item 5.
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Ownership of Five Percent or Less of a Class:
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Not applicable
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person:
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Not applicable
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