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Item 2(e). | | CUSIP Number: |
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| | 72352G 107 |
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| | This CUSIP number applies to the American depositary shares of the Issuer, each representing seven Class A ordinary shares of the Issuer. |
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Item 3. | | If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a: |
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| | Not applicable |
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Item 4. | | Ownership: |
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Reporting Person | | Amount beneficially owned: | | | Percent of class: | | | Percent of aggregate voting power: | | | Sole power to vote or direct the vote: | | | Shared power to vote or to direct the vote: | | | Sole power to dispose or to direct the disposition of: | | | Shared power to dispose or to direct the disposition of: | |
Mandra iBase Limited | | | 43,398,689 | | | | 14.3 | % | | | 4.3 | % | | | 43,398,689 | | | | 0 | | | | 43,398,689 | | | | 0 | |
Beansprouts Ltd. | | | 46,217,597 | | | | 15.2 | % | | | 4.5 | % | | | 43,398,689 | | | | 2,818,908 | | | | 43,398,689 | | | | 2,818,908 | |
Bing How Mui | | | 46,217,597 | | | | 15.2 | % | | | 4.5 | % | | | 0 | | | | 46,217,597 | | | | 0 | | | | 46,217,597 | |
Song Yi Zhang | | | 46,256,097 | | | | 15.3 | % | | | 4.6 | % | | | 38,500 | | | | 46,217,597 | | | | 38,500 | | | | 46,217,597 | |
As of December 31, 2020, Mandra iBase Limited held 1,084,986 Class A ordinary shares, 15,895,950 Class A ordinary shares in the form of 2,270,850 ADSs and approximately 26,417,753 Class A ordinary shares which may be purchased through the exercise of a warrant pursuant to a Warrant Agreement entered into between Mandra iBase Limited and the Issuer. As of December 31, 2020, (i) Woo Foong Hong Limited held 1 Class A ordinary share, (ii) Mandra Mirabilite Limited held 2,818,907 Class A ordinary shares in the form of 402,701 ADSs, and (iii) iBase Limited held 38,500 Class A ordinary shares in the form of 5,500 ADSs. Mandra iBase Limited is wholly owned and controlled by Beansprouts Ltd., Woo Foong Hong Limited is 51% held by Beansprouts Ltd., Mandra Mirabilite Limited is wholly owned and controlled by Woo Foong Hong Limited and iBase Limited is wholly owned by Song Yi Zhang. Beansprouts Ltd. is owned by Bing How Mui and Song Yi Zhang, and each of them holds 50% of the issued and outstanding share capital of Beansprouts Ltd.
The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 303,071,854 ordinary shares (being the sum of 252,132,334 Class A ordinary shares and 50,939,520 Class B ordinary shares) of the Issuer outstanding as of December 31, 2020 as a single class. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
The percentage of voting power is calculated by dividing the voting power beneficially owned by each Reporting Person by the voting power of all of the Issuer’s Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2020. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to fifteen votes per share, subject to certain conditions, on all matters submitted to them for vote.
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Item 5. | | Ownership of Five Percent or Less of a Class: |
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| | Not applicable |
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Item 6. | | Ownership of More than Five Percent on Behalf of Another Person: |
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| | Not applicable |
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