Amended Statement of Ownership (sc 13g/a)
January 22 2021 - 6:07AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Cango Inc.
(Name of Issuer)
Class A Ordinary Shares, par value US$0.0001 per share
(Title of Class of Securities)
137586 103 (1)
(CUSIP Number)
December
31, 2020
(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)
*
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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.
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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)
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This CUSIP number applies to the Issuers American Depositary Shares, each representing two Class A
ordinary shares.
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SCHEDULE 13G
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1
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Names of Reporting Persons
Jiayuan Lin
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2
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Check the appropriate box
if a member of a Group (see instructions)
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Citizenship or Place of
Organization
Peoples Republic of
China
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
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5
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Sole Voting Power
38,702,891(1)
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
38,702,891(1)
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
38,702,891(1)
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10
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Check if the aggregate
amount in row (9) excludes certain shares (See Instructions)
☐
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11
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Percent of class
represented by amount in row (9)
14.6% of Class A ordinary shares assuming conversion of the Class B ordinary shares held by the
Reporting Person only into Class A ordinary shares (or 12.8% of total Class A ordinary shares, assuming conversion of all outstanding Class B ordinary shares of the Issuer into Class A ordinary shares).(2) The voting power of the shares beneficially owned by the Reporting Person represent 42.6% of the total outstanding voting
power.(3)
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12
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Type of Reporting Person
(See Instructions)
IN
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(1)
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Represents (i) 36,702,890 Class B ordinary shares held by Traveler Enterprise Limited, (ii) 2,000,000 Class A
ordinary shares beneficially owned by Traveler Enterprise Limited, and (iii) 1 Class A ordinary share held by Medway Brilliant Holding Limited.
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(2)
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The percentage of the class of securities beneficially owned by each reporting person is calculated based on
227,831,213 Class A ordinary shares and 74,978,677 Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020.
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(3)
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The percentage of voting power is calculated by dividing the voting power beneficially owned by such person or
group by the voting power of all of Class A ordinary shares and Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020. In respect of all matters subject to a shareholders vote, each Class A ordinary share is
entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. Each Class B 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 B ordinary shares under any circumstances.
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In May 2018, the Issuers co-founders Mr.
Xiaojun Zhang and Mr. Jiayuan Lin entered into a voting agreement, which was amended and restated in June 2019. Pursuant to the amended and restated voting agreement, the co-founders shall reach a consensus before exercising their voting rights with
respect to the Issuers shares. As of December 31, 2020, the co-founders collectively exercised 86.9% of the aggregate voting power of the Issuers issued and outstanding share capital.
Page 2 of 9
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1
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Names of Reporting Persons
Medway Brilliant Holding Limited
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2
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Check the appropriate box
if a member of a Group (see instructions)
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Citizenship or Place of
Organization
British Virgin
Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
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5
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Sole Voting Power
38,702,891(1)
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
38,702,891(1)
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
38,702,891(1)
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10
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Check if the aggregate
amount in row (9) excludes certain shares (See Instructions)
☐
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11
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Percent of class
represented by amount in row (9)
14.6% of Class A ordinary shares assuming conversion of the Class B ordinary shares held by the
Reporting Person only into Class A ordinary shares (or 12.8% of total Class A ordinary shares, assuming conversion of all outstanding Class B ordinary shares of the Issuer into Class A ordinary shares).(2) The voting power of the shares beneficially owned by the Reporting Person represent 42.6% of the total outstanding voting
power.(3)
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12
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Type of Reporting Person
(See Instructions)
CO
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(1)
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Represents (i) 36,702,890 Class B ordinary shares held by Traveler Enterprise Limited, (ii) 2,000,000 Class A
ordinary shares beneficially owned by Traveler Enterprise Limited, and (iii) 1 Class A ordinary share held by Medway Brilliant Holding Limited. Medway Brilliant Holding Limited is wholly owned by Mr. Jiayuan Lin.
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(2)
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The percentage of the class of securities beneficially owned by each reporting person is calculated based on
227,831,213 Class A ordinary shares and 74,978,677 Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020.
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(3)
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The percentage of voting power is calculated by dividing the voting power beneficially owned by such person or
group by the voting power of all of Class A ordinary shares and Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020. In respect of all matters subject to a shareholders vote, each Class A ordinary share is
entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. Each Class B 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 B ordinary shares under any circumstances.
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Page 3 of 9
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1
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Names of Reporting Persons
Traveler Enterprise Limited
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2
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Check the appropriate box
if a member of a Group (see instructions)
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Citizenship or Place of
Organization
British Virgin
Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
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5
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Sole Voting Power
38,702,890(1)
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
38,702,890(1)
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
38,702,890(1)
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10
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Check if the aggregate
amount in row (9) excludes certain shares (See Instructions)
☐
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11
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Percent of class
represented by amount in row (9)
14.6% of Class A ordinary shares assuming conversion of the Class B ordinary shares held by the
Reporting Person only into Class A ordinary shares (or 12.8% of total Class A ordinary shares, assuming conversion of all outstanding Class B ordinary shares of the Issuer into Class A ordinary shares).(2) The voting power of the shares beneficially owned by the Reporting Person represent 42.6% of the total outstanding voting
power.(3)
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12
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Type of Reporting Person
(See Instructions)
CO
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(1)
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Represents (i) 36,702,890 Class B ordinary shares held by Traveler Enterprise Limited and (ii) 2,000,000 Class
A ordinary shares beneficially owned by Traveler Enterprise Limited. Traveler Enterprise Limited is wholly owned by Medway Brilliant Holding Limited.
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(2)
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The percentage of the class of securities beneficially owned by each reporting person is calculated based on
227,831,213 Class A ordinary shares and 74,978,677 Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020.
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(3)
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The percentage of voting power is calculated by dividing the voting power beneficially owned by such person or
group by the voting power of all of Class A ordinary shares and Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020. In respect of all matters subject to a shareholders vote, each Class A ordinary share is
entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. Each Class B 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 B ordinary shares under any circumstances.
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Page 4 of 9
Cango Inc.
(b)
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Address of Issuers Principal Executive Offices:
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10A, Building 3, Youyou Century Plaza
428 South Yanggao Road
Pudong
New Area, Shanghai 200127
Peoples Republic of China
(a)
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Name of Person Filing:
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(i)
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Jiayuan Lin, a citizen of the Peoples Republic of China;
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(ii)
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Medway Brilliant Holding Limited (Medway Brilliant), a company established in the British Virgin
Islands and is wholly-owned by Jiayuan Lin; and
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(iii)
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Traveler Enterprise Limited (Traveler Enterprise), a company established in the British Virgin
Islands and is wholly-owned by Medway Brilliant.
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(b)
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Address of Principal Business Office or, if None, Residence:
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(i)
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The address of Jiayuan Lin is 10A, Building 3, Youyou Century Plaza, 428 South Yanggao Road, Pudong New
Area, Shanghai 200127, Peoples Republic of China.
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(ii)
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The registered address of Medway Brilliant is the offices of Sertus Incorporations (BVI) Limited, Sertus
Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola VG1110, British Virgin Islands.
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(iii)
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The registered address of Traveler Enterprise is Ritter House, Wickhams Cay II, Road Town, Tortola VG1110,
British Virgin Islands.
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Jiayuan Lin is a citizen of the Peoples Republic of China. Medway Brilliant and Traveler Enterprise are established in the British Virgin
Islands.
(d)
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Title and Class of Securities:
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Class A ordinary shares, par value US$0.0001 per share. Each Class B 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 B ordinary shares under any circumstances.
137586 103
Page 5 of 9
Item 3.
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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:
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Not applicable.
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Reporting
Person(1)
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Amount
beneficially
owned
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Percent
of class(2)
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Sole power
to vote or
direct
to
vote(2)
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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(1)
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Shared power
to dispose or
to direct the
disposition of
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Percentage
of
aggregate
voting
power(3)
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Jiayuan Lin
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38,702,891
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14.6
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%
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38,702,891
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0
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38,702,891
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0
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42.6
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%
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Medway Brilliant
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38,702,891
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14.6
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%
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38,702,891
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0
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38,702,891
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0
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42.6
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%
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Traveler Enterprise
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38,702,890
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14.6
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%
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38,702,890
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0
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38,702,890
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0
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42.6
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%
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(1)
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As of December 31, 2020, Traveler Enterprise directly owned 36,702,890 Class B ordinary shares and
beneficially owned 2,000,000 Class A ordinary shares. Traveler Enterprise is wholly owned by Medway Brilliant, and accordingly, Medway Brilliant may thereby be deemed to beneficially own the 36,702,890 Class B ordinary shares and 2,000,000
Class A ordinary shares beneficially owned by Traveler Enterprise. In addition, as of December 31, 2020, Medway Brilliant directly owned 1 Class A ordinary share. Medway Brilliant is wholly-owned by Jiayuan Lin, and accordingly,
Jiayuan Lin may thereby be deemed to beneficially own the 2,000,001 Class A ordinary shares and 36,702,890 Class B ordinary shares beneficially owned by Medway Brilliant.
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(2)
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The percentage of the class of securities beneficially owned by the Reporting Person is calculated based on
227,831,213 Class A ordinary shares of the Issuer issued and outstanding as of December 31, 2020 and 36,702,890 Class B ordinary shares held by the Reporting Person that were convertible into the same number of Class A ordinary
shares at any time by the Reporting Person as of December 31, 2020.
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(3)
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The percentage of voting power is calculated by dividing the voting power beneficially owned by such person or
group by the voting power of all of Class A ordinary shares and Class B ordinary shares of the Issuer issued and outstanding as of December 31, 2020. In respect of all matters subject to a shareholders vote, each Class A
ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. Each Class B 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 B ordinary shares under any circumstances.
|
In
May 2018, the Issuers co-founders Mr. Xiaojun Zhang and Mr. Jiayuan Lin entered into a voting agreement, which was amended and restated in June 2019. Pursuant to the amended and restated voting
agreement, the co-founders shall reach a consensus before exercising their voting rights with respect to the Issuers shares. As of December 31, 2020, the
co-founders collectively exercised 86.9% of the aggregate voting power of the Issuers issued and outstanding share capital.
Item 5.
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Ownership of Five Percent or Less of a Class.
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Not applicable.
Item 6.
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Ownership of more than Five Percent on Behalf of Another Person.
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Not applicable.
Page 6 of 9
Item 7.
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Identification and classification of the subsidiary which acquired the security being reported on by the
parent holding company or control person.
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Not applicable.
Item 8.
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Identification and classification of members of the group.
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Not applicable.
Item 9.
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Notice of Dissolution of Group.
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Not applicable.
Not applicable.
Page 7 of 9
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: January 22, 2021
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Jiayuan Lin
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By:
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/s/ Jiayuan Lin
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Name:
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Jiayuan Lin
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Title:
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Chief Executive Officer and Director
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Medway Brilliant Holding Limited
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By:
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/s/ Jiayuan Lin
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Name:
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Jiayuan Lin
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Title:
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Authorized Signatory
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Traveler Enterprise Limited
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By:
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/s/ Jiayuan Lin
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Name:
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Jiayuan Lin
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Title:
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Authorized Signatory
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Page 8 of 9
EXHIBIT INDEX
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Exhibit
No.
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Description
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99.1
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Joint Filing Agreement
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Page 9 of 9
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