Explanatory Note
This Amendment No. 1 (the "Amendment") amends and supplements the statement on Schedule 13D originally filed by the Reporting Persons on April 13, 2016 (the "Schedule 13D"). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Schedule 13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated in its entirety as follows:
The aggregate number of shares of Common Stock beneficially owned by the Reporting Persons is 8,560,537, consisting entirely of shares of Common Stock for which an aggregate consideration of approximately $49,104,481, has been paid. The source of the funds used to purchase the shares described above is working capital of the Reporting Persons.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Items 5(a), (b) and (c) are hereby amended and supplemented as follows:
(a) The aggregate number of shares of Common Stock and the percentage of total outstanding shares of Common Stock beneficially owned by the Reporting Persons is set forth below. The aggregate percentage of shares of Common Stock owned by the Reporting Persons is based upon 118,994,539 shares of Common Stock outstanding as of February 26, 2016, which is the total number of shares of Common Stock outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2016.
As of the date of this Amendment, Tsinghua International beneficially owns 8,560,537 shares of Common Stock, which represents approximately 7.19% of the outstanding shares of Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Securities Exchange Act of 1934, as amended.
Tsinghua Capital, as the direct parent company of Tsinghua International, also may be deemed to beneficially own the 8,560,537 shares of Common Stock.
Tsinghua Unigroup, as an indirect, but controlling parent of Tsinghua International, also may be deemed to beneficially own the 8,560,537 shares of Common Stock.
Zhao Weiguo is the Chairman of the Board of Directors of Tsinghua Unigroup and a director of each of Tsinghua Capital and Tsinghua International. Mr. Zhao expressly disclaims beneficial ownership of the shares of Common Stock beneficially owned by Tsinghua Unigroup, Tsinghua Capital and Tsinghua International.
(b) Each of Tsinghua Unigroup, Tsinghua Capital and Tsinghua International may be deemed to have shared power to vote and dispose or direct the vote and direct the disposition of an aggregate of 8,560,537 shares of Common Stock.
(c) Since the filing of the Schedule 13D, the Reporting Persons have purchased additional shares of Common Stock as set forth in Annex A and incorporated herein by reference.
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this Amendment No. 1 to Schedule 13D is true, complete and correct.
Dated: April 29, 2016.
| Tsinghua Unigroup International Co., Ltd. | | |
| | | | |
| By: | /s/ ZHAO Weiguo | | |
| Name: | ZHAO Weiguo | | |
| Title: | Director | | |
| | | | |
| | | | |
| Tsinghua Unigroup Capital Management Co., Ltd. | | |
| | | | |
| By: | /s/ ZHAO Weiguo | | |
| Name: | ZHAO Weiguo | | |
| Title: | Chairman | | |
| | | | |
| | | | |
| Tsinghua Unigroup Co., Ltd. | | |
| | | | |
| By: | /s/ ZHAO Weiguo | | |
| Name: | ZHAO Weiguo | | |
| Title: | Chairman | | |
ANNEX B
Transactions in the Shares Since the Filing of the Initial Schedule 13D
Date of Transaction | Nature of the Transaction | Amount of Securities Purchased/(Sold) | |
April 21, 2016 | Open Market Purchase | 114,162 | 5.69 |
April 26, 2016 | Open Market Purchase | 900,000 | 5.60 |
April 27, 2016 | Open Market Purchase | 322,892 | 5.67 |
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed on behalf of each of them.
(ii) Each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; provided that none of them is responsible for the completeness or accuracy of the information concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
(iii) This Joint Filing Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original instrument, but all of such counterparts together shall constitute but one agreement.
Date: April 29, 2016
| Tsinghua Unigroup International Co., Ltd. | | |
| | | | |
| By: | /s/ ZHAO Weiguo | | |
| Name: | ZHAO Weiguo | | |
| Title: | Director | | |
| | | | |
| | | | |
| Tsinghua Unigroup Capital Management Co., Ltd. | | |
| | | | |
| By: | /s/ ZHAO Weiguo | | |
| Name: | ZHAO Weiguo | | |
| Title: | Chairman | | |
| | | | |
| | | | |
| Tsinghua Unigroup Co., Ltd. | | |
| | | | |
| By: | /s/ ZHAO Weiguo | | |
| Name: | ZHAO Weiguo | | |
| Title: | Chairman | | |