<?xml version="1.0" encoding="UTF-8"?><!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com --><!-- Created: Tue Oct 06 23:52:46 UTC 2026 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:common="http://www.sec.gov/edgar/common">
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    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
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          <cik>0001373604</cik>
          <ccc>XXXXXXXX</ccc>
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      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Ordinary Shares, par value $0.000174 per Share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001835268</issuerCik>
        <issuerName>Connect Biopharma Holdings Ltd</issuerName>
        <issuerCusips>
          <issuerCusipNumber>G23549101</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <common:street1>3580 Carmel Mountain Road, Suite 200</common:street1>
          <common:city>San Diego</common:city>
          <common:stateOrCountry>CA</common:stateOrCountry>
          <common:zipCode>92130</common:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>BML Investment Partners, L.P.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>3864400</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>3864400</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3864400</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>6.1</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Braden M Leonard</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>400000</soleVotingPower>
        <sharedVotingPower>3864400</sharedVotingPower>
        <soleDispositivePower>400000</soleDispositivePower>
        <sharedDispositivePower>3864400</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4264400</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>6.77</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Connect Biopharma Holdings Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>3580 Carmel Mountain Road, Suite 200 San Diego, California</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>BML Investment Partners, L.P.
Braden M Leonard</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>65 E Cedar, Suite 2, Zionsville IN 46077</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Delaware
United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>4264400</amountBeneficiallyOwned>
        <classPercent>6.77</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>400000</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>3864400</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>400000</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>3864400</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>BML Investment Partners, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>Braden M Leonard</signature>
        <title>BML Capital Management, LLC its General Partner By: Braden M Leonard, its Managing Member</title>
        <date>10/06/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Braden M Leonard</reportingPersonName>
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      <signatureDetails>
        <signature>Braden M Leonard</signature>
        <title>Managing Member of BML Capital Management, LLC</title>
        <date>10/06/2026</date>
      </signatureDetails>
    </signatureInformation>
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