Amended Statement of Beneficial Ownership (sc 13d/a)
September 26 2018 - 4:08PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Information to be included in Statements
Filed Pursuant to Rule 13d-1(a)
and Amendments Thereto Filed Pursuant to
Rule 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Link Motion
Inc.
(Name of Issuer)
Common Shares, par value $0.0001 per
share
(Title of Class of Securities)
G6429X 100
(CUSIP Number)
|
China AI Capital Limited
Vistra Corporate Services Centre
Wickhams Cay II, Road Town
Tortola VG1110, British Virgin Islands
|
(Name, Address and Telephone Number of Person
Authorized to
Receive Notices and Communications)
September 19, 2018
(Date of Event Which Requires Filing of
this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box.
¨
Note
: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are
to be sent.
* The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
The information required on 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
|
NAMES OF REPORTING PERSONS
China AI Capital Limited
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
¨
|
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
AF
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
70,175,439
(1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,175,439
(1)
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,175,439
(1)
|
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions)
¨
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.5%
(
2)(3)
(assuming
conversion of all outstanding Class B common shares into the same number of Class A common shares)
|
|
14
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TYPE OF REPORTING PERSON (See Instructions)
CO
|
|
|
(1)
|
Represent 70,175,439 Class B common shares held by the China AI Capital Limited. Each Class B common share is convertible into
one Class A common share at the option of the holder at any time.
|
|
|
(2)
|
Based on 439,581,997 Class A common shares and 120,528,407 Class B common shares outstanding as of July 20, 2018, as advised
by the Issuer.
|
|
|
(3)
|
Represent approximately 42.7% of the voting power represented by all outstanding Class A common shares and Class B common shares
of the Issuer as of July 20, 2018, as advised by the Issuer. Each holder of Class A common shares is entitled to one vote per Class
A common share. Each holder of Class B common shares is entitled to ten votes per Class B common share.
|
|
1
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NAMES OF REPORTING PERSONS
Rui Chi
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
¨
|
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
PF
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
70,175,439
(1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,175,439
(1)
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,175,439
(1)
|
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
¨
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.5%
(
2)(3)
(assuming
conversion of all outstanding Class B common shares into the same number of Class A common shares)
|
|
14
|
TYPE OF REPORTING PERSON (See Instructions)
IN
|
|
|
(1)
|
Represent 70,175,439 Class B common shares held by China AI Capital Limited. Mr. Rui Chi is one of two directors of China AI
Capital Limited and beneficially owns 50% of the outstanding ordinary shares of China AI Capital Limited. Each Class B common share
is convertible into one Class A common share at the option of the holder at any time.
|
|
|
(2)
|
Based on 439,581,997 Class A common shares and 120,528,407 Class B common shares outstanding as of July 20, 2018, as advised
by the Issuer.
|
|
|
(3)
|
Represent approximately 42.7% of the voting power represented by all outstanding Class A common shares and Class B common shares
of the Issuer as of July 20, 2018, as advised by the Issuer. Each holder of Class A common shares is entitled to one vote per Class
A common share. Each holder of Class B common shares is entitled to ten votes per Class B common share.
|
|
1
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NAMES OF REPORTING PERSONS
Yu Li
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
¨
(b)
¨
|
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
PF
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
People's Republic of China
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
70,175,439
(1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,175,439
(1)
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,175,439
(1)
|
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
¨
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.5%
(
2)(3)
(assuming
conversion of all outstanding Class B common shares into the same number of Class A common shares)
|
|
14
|
TYPE OF REPORTING PERSON (See Instructions)
IN
|
|
|
(1)
|
Represent 70,175,439 Class B common shares held by China AI Capital Limited. Mr. Yu Li is one of two directors of China AI
Capital Limited and beneficially owns 50% of the outstanding ordinary shares of China AI Capital Limited. Each Class B common share
is convertible into one Class A common share at the option of the holder at any time.
|
|
|
(2)
|
Based on 439,581,997 Class A common shares and 120,528,407 Class B common shares outstanding as of July 20, 2018, as advised
by the Issuer.
|
|
|
(3)
|
Represent approximately 42.7% of the voting power represented by all outstanding Class A common shares and Class B common shares
of the Issuer as of July 20, 2018, as advised by the Issuer. Each holder of Class A common shares is entitled to one vote per Class
A common share. Each holder of Class B common shares is entitled to ten votes per Class B common share.
|
Item 1. Security and Issuer.
This Amendment No. 1 amends the Schedule
13D filed jointly by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on August 23, 2018.
The original Schedule 13D of the Reporting Persons is hereinafter referred to as the “Original Statement.” Capitalized
terms used herein have meanings as assigned thereto in the Original Statement unless defined herein.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Original Statement is supplemented
as follows:
On September 19, 2018, China AI and the
Issuer entered into a first amendment to the Subscription Agreement, pursuant to which China AI and the Issuer agreed to amend
Section 2b of the Subscription Agreement. Prior to such amendment, Section 2b stated that Issuer is empowered to declare the unpaid
portion of the Acquired Shares (as defined in the Subscription Agreement) forfeited to the Issuer and to cancel such unpaid portion
of the Acquired Shares if the Closing under the Subscription Agreement has not occurred by September 19, 2018. Following such amendment,
Section 2b states that the Issuer is empowered to do so only if the Closing under the Subscription Agreement has not occurred by
November 19, 2018.
Item 7. Material to be Filed as Exhibits.
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Exhibit No.
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Description
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1
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First Amendment to Subscription Agreement, dated September 19, 2018, by and between China AI Capital Limited and Link Motion Inc., incorporated herein by reference to Exhibit 99.2 to the Report on Form 6-K/A furnished by Link Motion Inc. to the SEC on September 25, 2018.
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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.
Date: September 26, 2018
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China AI Capital Limited
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By:
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/s/ Rui Chi
|
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Name: Rui Chi
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Title: Director
|
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By:
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/s/ Yu Li
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Name: Yu Li
|
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Title: Director
|
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Rui Chi
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By:
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/s/ Rui Chi
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Yu Li
|
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By:
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/s/ Yu Li
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