SC 13G 1 d703778dsc13g.htm SCHEDULE 13G Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

 

Four Seasons Education (Cayman) Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

35101A101

(CUSIP Number)

December 31, 2018

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

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).

(Continued on following pages)

 

 

 


CUSIP NO.:      35101A101  

 

  (1)   

NAME OF REPORTING PERSONS

 

Chengwei Capital HK Limited

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  (3)  

SEC USE ONLY

 

  (4)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Hong Kong

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   (5)    

SOLE VOTING POWER

 

3,133,333 ordinary shares (See Item 4)

   (6)   

SHARED VOTING POWER

 

0

   (7)   

SOLE DISPOSITIVE POWER

 

3,133,333 ordinary shares (See Item 4)

   (8)   

SHARED DISPOSITIVE POWER

 

0

  (9)   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,133,333 ordinary shares

(10)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ☐

 

(11)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

12.6%1

(12)  

TYPE OF REPORTING PERSON*

 

CO

 

1 

As a percentage of 24,966,591 ordinary shares of the Issuer.

 

1


CUSIP NO.:      35101A101  

 

  (1)   

NAME OF REPORTING PERSONS

 

Chengwei Evergreen Capital, L.P.

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  (3)  

SEC USE ONLY

 

  (4)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   (5)    

SOLE VOTING POWER

 

3,133,333 ordinary shares (See Item 4)

   (6)   

SHARED VOTING POWER

 

0

   (7)   

SOLE DISPOSITIVE POWER

 

3,133,333 ordinary shares (See Item 4)

   (8)   

SHARED DISPOSITIVE POWER

 

0

  (9)   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,133,333 ordinary shares

(10)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ☐

 

(11)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

12.6%1

(12)  

TYPE OF REPORTING PERSON*

 

CO

 

1 

As a percentage of 24,966,591 ordinary shares of the Issuer.

 

2


CUSIP NO.:      35101A101  

 

  (1)   

NAME OF REPORTING PERSONS

 

Chengwei Evergreen Management, LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  (3)  

SEC USE ONLY

 

  (4)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   (5)    

SOLE VOTING POWER

 

3,133,333 ordinary shares (See Item 4)

   (6)   

SHARED VOTING POWER

 

0

   (7)   

SOLE DISPOSITIVE POWER

 

3,133,333 ordinary shares (See Item 4)

   (8)   

SHARED DISPOSITIVE POWER

 

0

  (9)   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,133,333 ordinary shares

(10)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ☐

 

(11)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

12.6%1

(12)  

TYPE OF REPORTING PERSON*

 

CO

 

1 

As a percentage of 24,966,591 ordinary shares of the Issuer.

 

3


CUSIP NO.:      35101A101  

 

  (1)   

NAME OF REPORTING PERSONS

 

EXL Holdings, LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  (3)  

SEC USE ONLY

 

  (4)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   (5)    

SOLE VOTING POWER

 

3,133,333 ordinary shares (See Item 4)

   (6)   

SHARED VOTING POWER

 

0

   (7)   

SOLE DISPOSITIVE POWER

 

3,133,333 ordinary shares (See Item 4)

   (8)   

SHARED DISPOSITIVE POWER

 

0

  (9)   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,133,333 ordinary shares

(10)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ☐

 

(11)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

12.6%1

(12)  

TYPE OF REPORTING PERSON*

 

CO

 

1 

As a percentage of 24,966,591 ordinary shares of the Issuer.

 

4


CUSIP NO.:      35101A101  

 

  (1)   

NAME OF REPORTING PERSONS

 

Eric Xun Li

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  (3)  

SEC USE ONLY

 

  (4)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   (5)    

SOLE VOTING POWER

 

3,133,333 ordinary shares (See Item 4)

   (6)   

SHARED VOTING POWER

 

0

   (7)   

SOLE DISPOSITIVE POWER

 

3,133,333 ordinary shares (See Item 4)

   (8)   

SHARED DISPOSITIVE POWER

 

0

  (9)   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,133,333 ordinary shares

(10)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ☐

 

(11)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

12.6%1

(12)  

TYPE OF REPORTING PERSON*

 

IN

 

1 

As a percentage of 24,966,591 ordinary shares of the Issuer.

 

5


Item 1(a).

Name of Issuer:

Four Seasons Education (Cayman) Inc.

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

5th Floor, Building C Jin’an 610, No. 610 Hengfeng Road, Jing’an District, Shanghai, PRC 200070

 

Item 2(a).

Name of Person Filing:

Chengwei Capital HK Limited

Chengwei Evergreen Capital, L.P.

Chengwei Evergreen Management, LLC

EXL Holdings, LLC

Eric Xun Li

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The principal business office of Chengwei Capital HK Limited, Chengwei Evergreen Capital, L.P., Chengwei Evergreen Management, LLC, EXL Holdings, LLC and Eric Xun Li is 18th Floor, Edinburgh Tower, The Landmark, 15 Queen’s Road Central, Hong Kong.

 

Item 2(c).

Citizenship or Place of Organization:

Chengwei Capital HK Limited - Hong Kong

Chengwei Evergreen Capital, L.P. - Cayman Islands

Chengwei Evergreen Management, LLC - Cayman Islands

EXL Holdings, LLC - Cayman Islands

Eric Xun Li - United States of America

 

Item 2(d).

Title of Class of Securities:

Ordinary shares of the Issuer, par value US$0.0001 per share.

 

Item 2(e).

CUSIP Number:

35101A101

 

Item 3.

Statement Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c):

Not applicable

 

6


Item 4.

Ownership:

 

              Number of shares as to which such person has:  

Reporting Person

 

Amount
Beneficially

Owned

  Percent of
Class(1)
    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
 

Chengwei Capital HK Limited

  3,133,333 ordinary shares(2)     12.6   3,133,333
ordinary
shares
    0     3,133,333
ordinary
shares
    0  

Chengwei Evergreen Capital, L.P.

  3,133,333 ordinary shares(2)     12.6   3,133,333
ordinary
shares
    0     3,133,333
ordinary
shares
    0  

Chengwei Evergreen Management, LLC

  3,133,333 ordinary shares(2)     12.6   3,133,333
ordinary
shares
    0     3,133,333
ordinary
shares
    0  

EXL Holdings, LLC

  3,133,333 ordinary shares(2)     12.6   3,133,333
ordinary
shares
    0     3,133,333
ordinary
shares
    0  

Eric Xun Li

  3,133,333 ordinary shares(2)     12.6   3,133,333
ordinary
shares
    0     3,133,333
ordinary
shares
    0  

 

(1)

This percentage is based on 24,966,591 ordinary shares issued and outstanding as of January 28, 2019 as reported in the Company’s third quarter of fiscal year 2019 unaudited financial results on Form 6-K filed with the Securities and Exchange Commission on January 28, 2019.

(2)

Represents 3,133,333 ordinary shares directly held by Chengwei Capital HK Limited. Chengwei Capital HK Limited is wholly-owned by Chengwei Evergreen Capital, L.P., whose general partner is Chengwei Evergreen Management, LLC. EXL Holdings, LLC has 100% controlling voting power of Chengwei Evergreen Management, LLC. Eric Xun Li has 100% controlling voting power of EXL Holdings, LLC. Pursuant to Section 13(d) of the Act, Chengwei Evergreen Capital, L.P., Chengwei Evergreen Management, LLC, EXL Holdings, LLC and Eric Xun Li may be deemed to share beneficial ownership of the ordinary shares held by Four Seasons Education Holdings Limited.

 

Item 5.

Ownership of Five Percent or Less of a Class:

Not applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

Not applicable

 

Item 8.

Identification and Classification of Members of the Group:

Not applicable

 

7


Item 9.

Notice of Dissolution of Group:

Not applicable

 

Item 10.

Certifications:

Not applicable

 

8


SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated February 1, 2019

 

Chengwei Capital HK Limited     By:  

/s/ Eric Xun Li

    Name:   Eric Xun Li
    Title:   Authorized Signatory
Chengwei Evergreen Capital, L.P.     By:  

/s/ Eric Xun Li

    Name:   Eric Xun Li
    Title:   Authorized Signatory
Chengwei Evergreen Management, LLC     By:  

/s/ Eric Xun Li

    Name:   Eric Xun Li
    Title:   Authorized Signatory
EXL Holdings, LLC     By:  

/s/ Eric Xun Li

    Name:   Eric Xun Li
    Title:   Authorized Signatory
Eric Xun Li     By:  

/s/ Eric Xun Li

[Signature Page to Schedule 13G]


LIST OF EXHIBITS

 

Exhibit
    No.    

  

Description

99.1    Joint Filing Agreement