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| CUSIP No. 16944W104 | | 13D | | Page 4 |
Item 1. SECURITY AND ISSUER
This Statement on Schedule 13D (this "Statement" relates to the Schedule 13D previous filed on February 12, 2019 with respect to the ordinary shares of China Distance Education Holdings Limited (the "Issuer", whose principal executive offices are located at 18th Floor, Xueyuan International Tower, 1 Zhichun Road, Haidian District, Beijing 100083, China.
Item 2. IDENTITY AND BACKGROUND
(a) This is being jointly filed by the following persons (collectively, the "Reporting Persons" and each a "Reporting Person"):
(i) YM Investment Limited, a British Virgin Islands company;
(ii) The Li Family (PTC) Limited, a British Virgin Islands company; and
(iii) Ms. Lam Lai Ming, a citizen of Hong Kong.
The Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Act. This Statement not be construed as an admission that the Reporting Persons are a group, or have agreed to act as a group. Each Reporting Person expressly disclaims beneficial ownership in the securities reported herein except to the extent such Reporting Person actually exercises voting or dispositive power with respect to such securities.
b) Residence or Business Address:
The principal business office of YM Investment Limited is:
c/o Vistra Corporate Services Center, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands
The principal business office of The Li Family (PTC) Limited is:
c/o 80 Main Street, P.O. Box 3200, Road Town, Tortola, VG 1110, British Virgin Islands
The principal business office of Ms. Lam Lai Ming is:
c/o Suite 2901, 29th Floor, The Center, 99 Queen's Road Central, Central, Hong Kong
(c) YM Investment Limited is wholly-owned by The Li 2007 Family Trust. The Li 2007 Family Trust is a revocable trust established under the laws of the British Virgin Islands with Ms. Lam Lai Ming as the settlor, The Li Family (PTC) Limited as trustee and Ms. Lam Lai Ming and her family members as the beneficiaries.
(d) None of the Reporting Persons have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the of the Reporting Persons have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is 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 place of organization of YM Investment Limited and The Li Family (PTC) Limited is the British Virgin Islands. The citizenship of Ms. Lam Lai Ming is Hong Kong.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Since the filing of the Schedule 13D on February 12, 2019, the following transactions were undertaken by the Reporting Persons:
Nil
Item 4. PURPOSE OF TRANSACTION
The Reporting Persons intend to review its investment on a regular basis, which review may be based on various factors, including the Issuer's business and financial condition, results of operations and prospects, general economic and industry conditions, the securities markets in general and those for the Issuer's securities in particular, as well as other developments and other investment opportunities. Accordingly, each Reporting Person reserves the right to change its intentions, as it deems appropriate, and may at any time and from time to time, either alone or as part of a group, (i) acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (ii) dispose of all or a portion of the securities of the Issuer owned by it in the open market, in privately negotiated transactions or otherwise, or (iii) take any other available course of action which could involve one or more of the types of transactions or have one or more of the results that relate to or would result in any of the actions required to be reported herein.
Except as set forth in this Item 4, the Reporting Persons have no present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons do, however, reserve the right in the future to adopt such plans or proposals subject to compliance with applicable regulatory requirements.
