SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a)
(Amendment No. __)*
Yucheng Technologies Limited |
(Name of Issuer) |
Common Shares |
(Title of Class of Securities) |
With a copy to: Ms. Yun SHI 307-9 Mudanyuan Beili No. 20 Hua Yuan Bei Road Haidian District Beijing, China 100083 | with a copy to: Andrew D. Hudders, Esq. Golenbock Eisemen Assor Bell & Peskoe LLP 437 Madison Avenue – 40th Floor New York, New York 10022 212-907-7349 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
July 9, 2010 |
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box o.
Note: Schedules filed in paper 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).
Persons who respond to the collection of information contained in this form are not required to respond unless for displays a current valid OMB control number.
SCHEDULE 13D
CUSIP No. G98777108 | | Page 2 of 13 Pages |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Yun Shi I.D. No. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) o (b) ¨ |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS* PF |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) o |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Peoples Republic of China |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 954,173 |
8 | SHARED VOTING POWER -0- |
9 | SOLE DISPOSITIVE POWER 954,173 |
10 | SHARED DISPOSITIVE POWER -0- |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 954,173 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.14% |
14 | TYPE OF REPORTING PERSON* IN |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 3 of 13 Pages |
Item 1. Security and Issuer
The class of equity securities to which this Statement on Schedule 13D relates is the ordinary shares (the “Common Stock”), of Yucheng Technologies Limited, a British Virgin Islands company (the “Issuer”). The principal executive office of the Issuer is Beijing Global Trade Center, Tower D, Floor 9, 36 North Third Ring Road East, Dongcheng District, Beijing 100013, P.R. China.
Item 2. Identity and Background.
| (a) | Ms. Yun Shi, an individual (“Reporting Person”), is reporting on her beneficial ownership the Common Stock in this Schedule 13D (“Shares”) that is held by her and her husband and over which she has voting and dispositive control. |
| (b) | The Reporting Person is an individual. The Reporting Person’s address is 307-9 Mudanyuan Beili, No. 20 Hua Yuan Bei Road, Haidian District, Beijing, China 100083. |
| (c) | The Reporting Person is a business woman in the Peoples Republic of China. |
| (d) | During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the past five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction or as a result of such a proceeding was or is not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (f) | The Reporting Person is a citizen of the Peoples Republic of China. |
Item 3. Source and Amount of Funds and Other Consideration.
The Reporting Person, together with her husband, acquired the Shares of the Issuer in market transactions on NASDAQ. The funds used to acquire the shares were personal cash funds of the Reporting Person and her husband.
SCHEDULE 13D
CUSIP No. G98777108 | | Page 4 of 13 Pages |
Item 4. Purpose of Transaction
The Reporting Person obtained the Common Stock for investment purposes. The Reporting Person disclaims any membership in a group relating to the Issuer.
At the date of this Statement, the Reporting Person, except as set forth in this Statement, does not have any plans or proposals which would result in:
(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer, except that the Reporting Person may, depending upon prevailing market prices or conditions, decide to increase or decrease its position in the Issuer through open market or privately negotiated transactions with third parties;
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of the board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors;
(e) Any material change in the present capitalization or dividend policy of the Issuer;
(f) Any other material change in the Issuer’s business or corporate structure;
(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those actions enumerated above.
SCHEDULE 13D
CUSIP No. G98777108 | | Page 5 of 13 Pages |
Item 5. Interest in Securities of the Issuer.
As of July 12, 2010, the Reporting Person beneficially owned 954,173 shares of the Issuer’s Common Stock (the “Shares”) representing approximately 5.14% of the shares of the Issuer’s Common Stock issued and outstanding as of such date. On July 9, 2010, the Reporting Person beneficially owned 5% of the issued and outstanding Common Stock.
Transactions by the Reporting Person in respect of the beneficial ownership of the Issuer’s Common Stock effected in the past 60 days are set forth below. All the reported transaction were open market purchases effected on the Nasdaq Stock Market where the Common Stock of the Issuer is publicly traded. All the transactions were made through a broker dealer.
Date of Transaction | | Price of Shares on Date of Transaction | | Number of Shares Acquired | | Transaction Cost |
5/17/2010 | | 3.2566 | | 59,000 | | 193,123.62 |
5/19/2010 | | 3.0800 | | 7,206 | | 22,419.48 |
5/20/2010 | | 3.0799 | | 32,000 | | 99,073.75 |
6/1/2010 | | 3.6900 | | 100 | | 389.00 |
6/1/2010 | | 3.7200 | | 10 | | 57.20 |
6/1/2010 | | 3.7000 | | 1 | | 23.70 |
6/1/2010 | | 3.7000 | | 1,000 | | 3,720.00 |
6/1/2010 | | 3.7000 | | 261 | | 985.70 |
6/1/2010 | | 3.7100 | | 500 | | 1,875.00 |
6/1/2010 | | 3.7200 | | 1,000 | | 3,740.00 |
6/2/2010 | | 3.7100 | | 1,000 | | 3,730.00 |
6/2/2010 | | 3.7100 | | 5,000 | | 18,605.65 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 6 of 13 Pages |
6/2/2010 | | 3.7000 | | 5,000 | | 18,555.50 |
6/10/2010 | | 3.6800 | | 10,000 | | 36,910.40 |
6/10/2010 | | 3.6700 | | 10,000 | | 36,810.10 |
6/11/2010 | | 3.7000 | | 10,000 | | 37,111.00 |
6/11/2010 | | 3.7100 | | 10,000 | | 37,211.30 |
6/11/2010 | | 3.6900 | | 400 | | 1,496.00 |
6/11/2010 | | 3.7900 | | 1,000 | | 3,810.00 |
6/11/2010 | | 3.7200 | | 10,000 | | 37,311.60 |
6/11/2010 | | 3.7400 | | 10,000 | | 37,512.20 |
6/11/2010 | | 3.7200 | | 20,000 | | 74,623.20 |
6/14/2010 | | 3.6799 | | 500 | | 1,859.95 |
6/14/2010 | | 3.6800 | | 2,000 | | 7,381.97 |
6/14/2010 | | 3.7497 | | 3,000 | | 11,282.75 |
6/14/2010 | | 3.7400 | | 2,177 | | 8,166.41 |
6/14/2010 | | 3.7600 | | 1,000 | | 3,780.00 |
6/14/2010 | | 3.7600 | | 600 | | 2,276.00 |
6/15/2010 | | 3.7400 | | 8,420 | | 31,585.27 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 7 of 13 Pages |
6/15/2010 | | 3.7600 | | 15,231 | | 57,440.37 |
6/15/2010 | | 3.7990 | | 10,000 | | 38,103.97 |
6/15/2010 | | 3.8000 | | 15,238 | | 58,078.11 |
6/15/2010 | | 3.7900 | | 24,762 | | 94,129.52 |
6/15/2010 | | 3.7800 | | 35,565 | | 134,839.01 |
6/16/2010 | | 3.7500 | | 1,800 | | 6,770.25 |
6/16/2010 | | 3.7300 | | 15,800 | | 59,110.80 |
6/16/2010 | | 3.7200 | | 14,200 | | 52,982.47 |
6/17/2010 | | 3.7100 | | 1,600 | | 5,956.00 |
6/17/2010 | | 3.7593 | | 1,500 | | 5,659.00 |
6/18/2010 | | 3.7700 | | 100 | | 397.00 |
6/18/2010 | | 3.7881 | | 100 | | 398.81 |
6/25/2010 | | 3.6600 | | 7,800 | | 28,633.64 |
6/25/2010 | | 3.6500 | | 7,800 | | 28,555.41 |
6/28/2010 | | 3.6900 | | 100 | | 389.00 |
6/28/2010 | | 3.7000 | | 100 | | 390.00 |
6/28/2010 | | 3.7000 | | 130 | | 501.00 |
6/28/2010 | | 3.7000 | | 189 | | 719.30 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 8 of 13 Pages |
6/28/2010 | | 3.7000 | | 123 | | 475.10 |
6/28/2010 | | 3.7000 | | 153 | | 586.10 |
6/28/2010 | | 3.6881 | | 132 | | 506.83 |
6/28/2010 | | 3.6881 | | 153 | | 584.28 |
6/28/2010 | | 3.6900 | | 23 | | 104.87 |
6/28/2010 | | 3.6900 | | 240 | | 905.60 |
6/28/2010 | | 3.6900 | | 2,400 | | 8,882.57 |
6/28/2010 | | 3.6900 | | 700 | | 2,603.00 |
6/29/2010 | | 3.6800 | | 5,320 | | 19,636.33 |
6/29/2010 | | 3.6700 | | 2,100 | | 7,730.12 |
6/29/2010 | | 3.6800 | | �� 500 | | 1,860.00 |
6/29/2010 | | 3.6800 | | 500 | | 1,860.00 |
6/29/2010 | | 3.6800 | | 4,820 | | 17,790.81 |
6/30/2010 | | 3.6400 | | 6,890 | | 25,154.84 |
6/30/2010 | | 3.6300 | | 13,879 | | 50,531.91 |
6/30/2010 | | 3.6600 | | 1,900 | | 6,974.86 |
6/30/2010 | | 3.6200 | | 26,588 | | 96,537.31 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 9 of 13 Pages |
6/30/2010 | | 3.6100 | | 100 | | 381.00 |
6/30/2010 | | 3.6800 | | 500 | | 1,860.00 |
6/30/2010 | | 3.6800 | | 500 | | 1,860.00 |
6/30/2010 | | 3.6800 | | 568 | | 2,110.24 |
6/30/2010 | | 3.6900 | | 500 | | 1,865.00 |
6/30/2010 | | 3.6900 | | 399 | | 1,492.31 |
6/30/2010 | | 3.6700 | | 7,600 | | 27,975.68 |
6/30/2010 | | 3.6800 | | 12,353 | | 45,595.42 |
7/1/2010 | | 3.5000 | | 10,000 | | 35,105.00 |
7/1/2010 | | 3.5400 | | 5,600 | | 19,883.47 |
7/1/2010 | | 3.4500 | | 3,791 | | 13,118.19 |
7/2/2010 | | 3.4100 | | 2,500 | | 8,550.58 |
7/6/2010 | | 3.3600 | | 5,209 | | 17,554.75 |
7/6/2010 | | 3.3781 | | 100 | | 357.81 |
7/6/2010 | | 3.3781 | | 123 | | 435.51 |
7/6/2010 | | 3.3800 | | 77 | | 280.26 |
7/6/2010 | | 3.3800 | | 565 | | 1,929.70 |
7/6/2010 | | 3.3700 | | 2,367 | | 8,000.72 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 10 of 13 Pages |
7/6/2010 | | 3.3800 | | 2,332 | | 7,905.81 |
7/6/2010 | | 3.3800 | | 243 | | 841.34 |
7/6/2010 | | 3.3800 | | 453 | | 1,551.14 |
7/6/2010 | | 3.3800 | | 7,898 | | 26,775.33 |
7/6/2010 | | 3.3900 | | 5,777 | | 19,642.78 |
7/6/2010 | | 3.3900 | | 7,685 | | 26,130.31 |
7/6/2010 | | 3.4000 | | 5,557 | | 18,950.48 |
7/6/2010 | | 3.4100 | | 4,656 | | 15,924.59 |
7/6/2010 | | 3.4200 | | 3,288 | | 11,278.69 |
7/6/2010 | | 3.4000 | | 5,455 | | 18,602.64 |
7/6/2010 | | 3.3300 | | 900 | | 3,017.00 |
7/6/2010 | | 3.4300 | | 12,800 | | 44,035.71 |
7/6/2010 | | 3.4200 | | 5,798 | | 19,888.65 |
7/6/2010 | | 3.4100 | | 7,888 | | 26,978.77 |
7/7/2010 | | 3.3200 | | 5,343 | | 17,791.98 |
7/7/2010 | | 3.3000 | | 6,898 | | 22,831.69 |
7/7/2010 | | 3.2600 | | 12,560 | | 41,068.44 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 11 of 13 Pages |
7/7/2010 | | 3.2400 | | 25,040 | | 81,372.99 |
7/8/2010 | | 3.2800 | | 5,222 | | 17,179.54 |
7/8/2010 | | 3.2300 | | 7,432 | | 24,077.38 |
7/8/2010 | | 3.2100 | | 15,389 | | 49,546.89 |
7/8/2010 | | 3.1900 | | 12,887 | | 41,232.86 |
7/9/2010 | | 3.1800 | | 600 | | 1,928.00 |
7/9/2010 | | 3.1700 | | 500 | | 1,605.00 |
7/9/2010 | | 3.1600 | | 600 | | 1,916.00 |
7/9/2010 | | 3.1600 | | 300 | | 968.00 |
7/9/2010 | | 3.1300 | | 31,609 | | 99,232.98 |
7/12/2010 | | 3.3600 | | 100 | | 356.00 |
7/12/2010 | | 3.3881 | | 100 | | 358.81 |
7/12/2010 | | 3.3881 | | 100 | | 358.81 |
7/12/2010 | | 3.3881 | | 200 | | 697.62 |
7/12/2010 | | 3.3900 | | 100 | | 359.00 |
SCHEDULE 13D
CUSIP No. G98777108 | | Page 12 of 13 Pages |
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits.
None
SCHEDULE 13D
CUSIP No. G98777108 | | Page 13 of 13 Pages |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.
Dated: July 19, 2010