| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| | |
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Name of Issuer)
Class A ordinary shares, par value of $0.00001 per share
(Title of Class of Securities)
(CUSIP Number)
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o | Rule 13d-1(b) |
o | Rule 13d-1(c) |
x | Rule 13d-1(d) |
*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 the disclosures provided in a prior cover page.
** CUSIP number 65442R 109 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol “JFU.” Each ADS represents one Class A ordinary share of the Issuer.
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).
CUSIP No. 65442R 109 | | Page 4 of 7 pages |
Item 4. | Ownership: |
The following information with respect to the ownership of the ordinary shares of the Issuer by each Reporting Person is provided as of December 31, 2019. Beneficial ownership is determined in accordance with the rules and regulations of the SEC. The table below is prepared based on 128,228,600 shares of Class A ordinary shares and 66,962,400 shares of Class B ordinary shares outstanding as of December 31, 2019. |
For Yifan Ren:
Reporting Person: Yifan Ren | | Class A ordinary shares | | Class B ordinary shares | | Total ordinary shares on the as- converted basis | | Percentage of Aggregate Voting Power | |
(a) Amount beneficially owned: | | 43,583,400 | (1) | 0 | | 43,583,400 | (1) | — | |
(b) Percent of class: | | 34.0 | %(2) | — | | 22.3 | %(3) | 9.4 | %(4) |
(c) Number of shares as to which the person has: | | | | | | | | | |
(i) Sole power to vote or to direct the vote | | 43,583,400 | (1) | — | | 43,583,400 | (1) | — | |
(ii) Shared power to vote or to direct the vote | | 0 | | — | | 0 | | — | |
(iii) Sole power to dispose or to direct the disposition of | | 43,583,400 | (1) | — | | 43,583,400 | (1) | — | |
(iv) Shared power to dispose or to direct the disposition of | | 0 | | — | | 0 | | — | |
Notes:
(1) Representing 43,583,400 Class A ordinary shares held by Nine Fortune Limited, a British Virgin Islands company. Nine Fortune Limited is controlled by Mr. Yifan Ren. Mr. Ren may be deemed to have the sole voting and dispositive power over the shares held by Nine Fortune Limited.
(2) To derive this percentage, (x) the numerator is 43,583,400 Class A ordinary shares held by Nine Fortune Limited, a British Virgin Islands company, and (y) the denominator is 128,228,600, being the numbers of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019.
(3) To derive this percentage, (x) the numerator is 43,583,400 Class A ordinary shares held by Nine Fortune Limited, a British Virgin Islands company, and (y) the denominator is the sum of (i) 128,228,600, being the number of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019, (ii) 66,962,400, being the number of the Issuer’s total Class B ordinary shares outstanding as of December 31, 2019 that are convertible into the same number of Class A ordinary shares.
(4) Percentage of aggregate voting power represents voting power of all ordinary shares held by the reporting person with respect to all outstanding shares of the Issuer’s Class A and Class B ordinary shares as a single class. Each holder of the Issuer’s Class A ordinary shares is entitled to one vote per Class A ordinary share. Each holder of the Issuer’s Class B ordinary shares is entitled to five votes per Class B ordinary share.
For Nine Fortune Limited:
Reporting Person: Nine Fortune Limited | | Class A ordinary shares | | Class B ordinary shares | | Total ordinary shares on the as- converted basis | | Percentage of Aggregate Voting Power | |
(a) Amount beneficially owned: | | 43,583,400 | (1) | 0 | | 43,583,400 | (1) | — | |
(b) Percent of class: | | 34.0 | %(2) | — | | 22.3 | %(3) | 9.4 | %(4) |
(c) Number of shares as to which the person has: | | | | | | | | | |
(i) Sole power to vote or to direct the vote | | 43,583,400 | (1) | — | | 43,583,400 | (1) | — | |
(ii) Shared power to vote or to direct the vote | | 0 | | — | | 0 | | — | |
(iii) Sole power to dispose or to direct the disposition of | | 43,583,400 | (1) | — | | 43,583,400 | (1) | — | |
(iv) Shared power to dispose or to direct the disposition of | | 0 | | — | | 0 | | — | |
Notes:
(1) Representing 43,583,400 Class A ordinary shares held by Nine Fortune Limited, a British Virgin Islands company.
(2) To derive this percentage, (x) the numerator is 43,583,400 Class A ordinary shares held by Nine Fortune Limited, a British Virgin Islands company, and (y) the denominator is 128,228,600, being the numbers of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019.
(3) To derive this percentage, (x) the numerator is 43,583,400 Class A ordinary shares held by Nine Fortune Limited, a British Virgin Islands company, and (y) the denominator is the sum of (i) 128,228,600, being the number of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019, (ii) 66,962,400, being the number of the Issuer’s total Class B ordinary shares outstanding as of December 31, 2019 that are convertible into the same number of Class A ordinary shares.
(4) Percentage of aggregate voting power represents voting power of all ordinary shares held by the reporting person with respect to all outstanding shares of the Issuer’s Class A and Class B ordinary shares as a single class. Each holder of the Issuer’s Class A ordinary shares is entitled to one vote per Class A ordinary share. Each holder of the Issuer’s Class B ordinary shares is entitled to five votes per Class B ordinary share.