0001104659-19-008267.txt : 20190214 0001104659-19-008267.hdr.sgml : 20190214 20190214061926 ACCESSION NUMBER: 0001104659-19-008267 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190214 DATE AS OF CHANGE: 20190214 GROUP MEMBERS: CHOW TAI FOOK (HOLDING) LTD GROUP MEMBERS: CHOW TAI FOOK CAPITAL LTD GROUP MEMBERS: CHOW TAI FOOK ENTERPRISES LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: X Financial CENTRAL INDEX KEY: 0001725033 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90893 FILM NUMBER: 19600468 BUSINESS ADDRESS: STREET 1: 7-8F,BLOCK A,AEROSPACE SCIENCE&TECH PLZ STREET 2: NO. 168 HAIDE THIRD AVENUE, NANSHAN DIST CITY: SHENZHEN STATE: F4 ZIP: 518067 BUSINESS PHONE: 86-0755-86282977 MAIL ADDRESS: STREET 1: 7-8F,BLOCK A,AEROSPACE SCIENCE&TECH PLZ STREET 2: NO. 168 HAIDE THIRD AVENUE, NANSHAN DIST CITY: SHENZHEN STATE: F4 ZIP: 518067 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Deal Vanguard Ltd CENTRAL INDEX KEY: 0001767552 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 32/F, NEW WORLD TOWER STREET 2: 16-18 QUEEN'S ROAD CENTRAL CITY: CENTRAL STATE: K3 ZIP: 00000 BUSINESS PHONE: (852) 2138-8360 MAIL ADDRESS: STREET 1: 32/F, NEW WORLD TOWER STREET 2: 16-18 QUEEN'S ROAD CENTRAL CITY: CENTRAL STATE: K3 ZIP: 00000 SC 13G 1 a19-4549_1sc13g.htm SC 13G

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO

FILED PURSUANT TO 13d-2

 

Under the Securities Exchange Act of 1934
(Amendment No.     )*

 

X Financial

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

98372W103**

(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:

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 disclosures provided in a prior cover page.

** CUSIP number 98372W103 has been assigned to the American depositary shares (“ADSs”) of the issuer, which are quoted on the New York Stock Exchange under the symbol “XYF.” Each ADS represents two Class A ordinary shares of the issuer. No CUSIP number has been assigned to ordinary shares of the issuer.

 

The information required on 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. 98372W103

Schedule 13G

 

 

1.

Names of Reporting Persons
Deal Vanguard Limited

2.

Check the Appropriate Box if a Member of a Group

(a)  o

(b)  o

3.

SEC Use Only

4.

Citizenship or Place of Organization
British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
38,095,238 Class A ordinary shares(1)

6.

Shared Voting Power
0

7.

Sole Dispositive Power
38,095,238 Class A ordinary shares(1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
38,095,238 Class A ordinary shares(1)

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row (9)
12.5%(2)

12.

Type of Reporting Person
CO

 

(1) Represents 38,095,238 Class A ordinary shares held by Deal Vanguard Limited, a British Virgin Islands company wholly owned by Chow Tai Fook Enterprises Limited, which is wholly owned by Chow Tai Fook (Holding) Limited in which Chow Tai Fook Capital Limited holds a 81.03% equity interest.

 

(2) Calculated based on 303,614,298 ordinary shares issued and outstanding as of December 31, 2018, being the sum of (i) 206,014,298 Class A ordinary shares, (ii) 97,600,000 Class B ordinary shares, assuming conversion of all Class B ordinary shares into Class A ordinary shares on a one-for-one basis.

 

2

 

CUSIP No. 98372W103

Schedule 13G

 

 

1.

Names of Reporting Persons
Chow Tai Fook Enterprises Limited

2.

Check the Appropriate Box if a Member of a Group

(a)  o

(b)  o

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
38,095,238 Class A ordinary shares(1)

6.

Shared Voting Power
0

7.

Sole Dispositive Power
38,095,238 Class A ordinary shares(1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
38,095,238 Class A ordinary shares(1)

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row (9)
12.5%(2)

12.

Type of Reporting Person
CO

 

(1) Represents 38,095,238 Class A ordinary shares held by Deal Vanguard Limited, a British Virgin Islands company wholly owned by Chow Tai Fook Enterprises Limited, which is wholly owned by Chow Tai Fook (Holding) Limited in which Chow Tai Fook Capital Limited holds a 81.03% equity interest.

 

(2) Calculated based on 303,614,298 ordinary shares issued and outstanding as of December 31, 2018, being the sum of (i) 206,014,298 Class A ordinary shares, (ii) 97,600,000 Class B ordinary shares, assuming conversion of all Class B ordinary shares into Class A ordinary shares on a one-for-one basis.

 

3

 

CUSIP No. 98372W103

Schedule 13G

 

 

1.

Names of Reporting Persons
Chow Tai Fook (Holding) Limited

2.

Check the Appropriate Box if a Member of a Group

(a)  o

(b)  o

3.

SEC Use Only

4.

Citizenship or Place of Organization
British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
38,095,238 Class A ordinary shares(1)

6.

Shared Voting Power
0

7.

Sole Dispositive Power
38,095,238 Class A ordinary shares(1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
38,095,238 Class A ordinary shares(1)

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row (9)
12.5%(2)

12.

Type of Reporting Person
CO

 

(1) Represents 38,095,238 Class A ordinary shares held by Deal Vanguard Limited, a British Virgin Islands company wholly owned by Chow Tai Fook Enterprises Limited, which is wholly owned by Chow Tai Fook (Holding) Limited in which Chow Tai Fook Capital Limited holds a 81.03% equity interest.

 

(2) Calculated based on 303,614,298 ordinary shares issued and outstanding as of December 31, 2018, being the sum of (i) 206,014,298 Class A ordinary shares, (ii) 97,600,000 Class B ordinary shares, assuming conversion of all Class B ordinary shares into Class A ordinary shares on a one-for-one basis.

 

4

 

CUSIP No. 98372W103

Schedule 13G

 

 

1.

Names of Reporting Persons
Chow Tai Fook Capital Limited

2.

Check the Appropriate Box if a Member of a Group

(a)  o

(b)  o

3.

SEC Use Only

4.

Citizenship or Place of Organization
British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
38,095,238 Class A ordinary shares(1)

6.

Shared Voting Power
0

7.

Sole Dispositive Power
38,095,238 Class A ordinary shares(1)

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
38,095,238 Class A ordinary shares(1)

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row (9)
12.5%(2)

12.

Type of Reporting Person
CO

 

(1) Represents 38,095,238 Class A ordinary shares held by Deal Vanguard Limited, a British Virgin Islands company wholly owned by Chow Tai Fook Enterprises Limited, which is wholly owned by Chow Tai Fook (Holding) Limited in which Chow Tai Fook Capital Limited holds a 81.03% equity interest.

 

(2) Calculated based on 303,614,298 ordinary shares issued and outstanding as of December 31, 2018, being the sum of (i) 206,014,298 Class A ordinary shares, (ii) 97,600,000 Class B ordinary shares, assuming conversion of all Class B ordinary shares into Class A ordinary shares on a one-for-one basis.

 

5

 

Item 1(a).

Name of Issuer:

X Financial (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices:

7-8F, Block A, Aerospace Science and Technology Plaza, No. 168, Haide Third Avenue, Nanshan District, Shenzhen, 518067, the People’s Republic of China

 

Item 2(a).

Name of Person Filing:

Deal Vanguard Limited

Chow Tai Fook Enterprises Limited

Chow Tai Fook (Holding) Limited
Chow Tai Fook Capital Limited
(collectively, the “Reporting Persons”)

Item 2(b).

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

Deal Vanguard Limited

Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110 British Virgin Islands

 

Chow Tai Fook Enterprises Limited

32/F, New World Tower, 16-18 Queen’s Road Central, Hong Kong

 

Chow Tai Fook (Holding) Limited

Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110 British Virgin Islands

 

Chow Tai Fook Capital Limited

Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110 British Virgin Islands

Item 2(c).

Citizenship:

Deal Vanguard Limited: British Virgin Islands

Chow Tai Fook Enterprises Limited: Hong Kong

Chow Tai Fook (Holding) Limited: British Virgin Islands

Chow Tai Fook Capital Limited: British Virgin Islands

Item 2(d).

Title of Class of Securities:

Class A ordinary shares, par value US$0.0001 per share

 

The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes and is convertible into one Class A ordinary share. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

Item 2(e).

CUSIP Number:

98372W103

 

This CUSIP number applies to the American depositary shares of the Issuer, each representing two Class A ordinary shares of the Issuer, par value $0.0001 per share. No CUSIP has been assigned to the ordinary shares.

 

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c):

 

Not applicable.

 

6

 

Item 4.

Ownership.

The following information with respect to the ownership of the ordinary shares of par value of US$0.0001 per share of the Issuer by each of the reporting persons is provided as of December 31, 2018:

 

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:

 

Percent of 
Aggregate 
voting 
power(2)

 

Deal Vanguard Limited

 

38,095,238

 

12.5

%

38,095,238

 

0

 

38,095,238

 

0

 

1.8

%

Chow Tai Fook Enterprises Limited

 

38,095,238

 

12.5

%

38,095,238

 

0

 

38,095,238

 

0

 

1.8

%

Chow Tai Fook (Holding) Limited

 

38,095,238

 

12.5

%

38,095,238

 

0

 

38,095,238

 

0

 

1.8

%

Chow Tai Fook Capital Limited

 

38,095,238

 

12.5

%

38,095,238

 

0

 

38,095,238

 

0

 

1.8

%

 

(1) The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 303,614,298 ordinary shares (being the sum of 206,014,298 Class A ordinary shares and 97,600,000 Class B ordinary shares) of the Issuer issued and outstanding as of December 31, 2018.

 

(2) For each Reporting Person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of Class A and Class B ordinary shares of the Issuer as a single class. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes and is convertible into one Class A ordinary share. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

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.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certifications.

Not applicable.

 

7

 

SIGNATURE

 

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

 

Dated: February 14, 2019

 

 

 

DEAL VANGUARD LIMITED

 

 

 

 

 

 

 

 

By:

/s/ Chi Hin Jacob Lee

 

 

 

Name: Chi Hin Jacob Lee

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

 

 

CHOW TAI FOOK ENTERPRISES LIMITED

 

 

 

 

 

 

 

 

By:

/s/ On Yip Patrick Tsang

 

 

 

Name: On Yip Patrick Tsang

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

CHOW TAI FOOK (HOLDING) LIMITED

 

 

 

 

 

 

 

 

By:

/s/ On Yip Patrick Tsang

 

 

 

Name: On Yip Patrick Tsang

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

CHOW TAI FOOK CAPITAL LIMITED

 

 

 

 

 

 

 

 

By:

/s/ Kar Shing Cheng

 

 

 

Name: Kar Shing Cheng

 

 

 

Title:   Director

 

8

 

LIST OF EXHIBITS

 

Exhibit
No.

 

Description

A

 

Joint Filing Agreement

 

9

 EX-99.A 2 a19-4549_1ex99da.htm EXHIBIT A

Exhibit A

 

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.

 

Dated: February 14, 2019

 

 

 

DEAL VANGUARD LIMITED

 

 

 

 

 

 

 

 

By:

/s/ Chi Hin Jacob Lee

 

 

 

Name: Chi Hin Jacob Lee

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

 

 

CHOW TAI FOOK ENTERPRISES LIMITED

 

 

 

 

 

 

 

 

By:

/s/ On Yip Patrick Tsang

 

 

 

Name: On Yip Patrick Tsang

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

CHOW TAI FOOK (HOLDING) LIMITED

 

 

 

 

 

 

 

 

By:

/s/ On Yip Patrick Tsang

 

 

 

Name: On Yip Patrick Tsang

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

CHOW TAI FOOK CAPITAL LIMITED

 

 

 

 

 

 

 

 

By:

/s/ Kar Shing Cheng

 

 

 

Name: Kar Shing Cheng

 

 

 

Title:   Director