0001193125-20-034056.txt : 20200213 0001193125-20-034056.hdr.sgml : 20200213 20200213062626 ACCESSION NUMBER: 0001193125-20-034056 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200213 DATE AS OF CHANGE: 20200213 GROUP MEMBERS: FAST PACE LTD GROUP MEMBERS: PEOPLE BETTER LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UP Fintech Holding Ltd CENTRAL INDEX KEY: 0001756699 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91009 FILM NUMBER: 20606834 BUSINESS ADDRESS: STREET 1: 18F,NO.16 TAIYANGGONG RD,CHAOYANG DIST. CITY: BEIJING STATE: F4 ZIP: 100020 BUSINESS PHONE: 86-10-56216660 MAIL ADDRESS: STREET 1: 18/F, NO.16 TAIYANGGONG MIDDLE ROAD CITY: BEIJING STATE: F4 ZIP: 100020 FORMER COMPANY: FORMER CONFORMED NAME: Up Fintech Holding LTD DATE OF NAME CHANGE: 20181023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Xiaomi Corp CENTRAL INDEX KEY: 0001765660 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: RAINBOW CITY OFFICE BUILDING STREET 2: 68 QINGHE MIDDLE STREET, HAIDIAN CITY: BEIJING STATE: F4 ZIP: 100085 BUSINESS PHONE: 86.10.60606666 MAIL ADDRESS: STREET 1: RAINBOW CITY OFFICE BUILDING STREET 2: 68 QINGHE MIDDLE STREET, HAIDIAN CITY: BEIJING STATE: F4 ZIP: 100085 SC 13G 1 d887966dsc13g.htm SCHEDULE 13G Schedule 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

UP Fintech Holding Limited

(Name of Issuer)

Class A ordinary shares, US$0.00001 par value per share

(Title of Class of Securities)

91531W106**

(CUSIP Number)

December 31, 2019

(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 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 91531W106 has been assigned to the American depositary shares (“ADSs”) of the issuer, which are quoted on The Nasdaq Global Selected Market under the symbol “TIGR.” Each ADS represents fifteen 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).

 

 

 


  1   

Name of Reporting Person

 

People Better Limited

  2   

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3   

SEC Use Only

 

  4   

Citizenship or Place of Organization

 

British Virgin Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

250,641,392

   6   

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

250,641,392

   8   

Shared Dispositive Power

 

0

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

250,641,392

10   

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

 

11   

Percent of Class Represented by Amount in Row 9

 

12.6%

12   

Type of Reporting Person

 

CO

 

2


  1   

Name of Reporting Person

 

Fast Pace Limited

  2   

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3   

SEC Use Only

 

  4   

Citizenship or Place of Organization

 

British Virgin Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

250,641,392 Class A ordinary shares(1)

   6   

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

250,641,392 Class A ordinary shares(1)

   8   

Shared Dispositive Power

 

0

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

250,641,392 Class A ordinary shares(1)

10   

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

 

11   

Percent of Class Represented by Amount in Row 9

 

12.6%

12   

Type of Reporting Person

 

CO

 

 

(1)

Represents 250,641,392 Class A ordinary shares directly held by People Better Limited, a British Virgin Islands company. People Better Limited is wholly owned by Fast Pace Limited.

 

3


  1   

Name of Reporting Person

 

Xiaomi Corporation

  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

     

Sole Voting Power

 

250,641,392 Class A ordinary shares (1)

   6   

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

250,641,392 Class A ordinary shares (1)

   8   

Shared Dispositive Power

 

0

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

250,641,392 Class A ordinary shares (1)

10   

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

 

11   

Percent of Class Represented by Amount in Row 9

 

12.6%

12   

Type of Reporting Person

 

CO

 

 

(1)

Represents 250,641,392 Class A ordinary shares directly held by People Better Limited, a British Virgin Islands company. People Better Limited is wholly owned by Fast Pace Limited, a British Virgin Islands company wholly-owned by Xiaomi Corporation.

 

4


Item 1(a).

Name of Issuer:

UP Fintech Holding Limited (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

18/F, Grandyvic Building, No. 1 Building, No. 16 Taiyanggong Middle Road, Chaoyang District, Beijing, 100020 PRC

 

Item 2(a).

Name of Person Filing:

(i) People Better Limited;

(ii) Fast Pace Limited; and

(iii) Xiaomi Corporation (collectively, the “Reporting Persons”)

 

Item 2(b).

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

For People Better Limited

c/o Vistra Corporate Services Centre

Wickhams Cay II, Road Town

Tortola, VG1110, British Virgin Islands

For Fast Pace Limited

c/o Start Chambers, Wickham’s Cay II, P. O. Box 2221, Road Town

Tortola, British Virgin Island

For Xiaomi Corporation

c/o Maples Corporate Services Limited, PO Box 309, Ugland House

Grand Cayman, KY1-1104, Cayman Islands

 

Item 2(c)

Citizenship:

People Better Limited – British Virgin Islands

Fast Pace Limited – British Virgin Islands

Xiaomi Corporation – Cayman Islands

 

Item 2(d).

Title of Class of Securities:

Class A ordinary shares, $0.00001 par value per share, of the Issuer;

The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. 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 twenty votes per share. 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.

 

Item 2(e).

CUSIP Number:

91531W106

This CUSIP number applies to the American depositary shares of the Issuer, each representing fifteen Class A ordinary shares of the Issuer, par value $0.00001 per share. No CUSIP has been assigned to the ordinary shares of the Issuer.

 

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:

Not applicable

 

5


Item 4.

Ownership:

 

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:
 

People Better Limited

     250,641,392        12.6     3.0     250,641,392        0        250,641,392        0  

Fast Pace Limited

     250,641,392        12.6     3.0     250,641,392        0        250,641,392        0  

Xiaomi Corporation

     250,641,392        12.6     3.0     250,641,392        0        250,641,392        0  

As of December 31, 2019, 250,641,392 Class A ordinary shares were directly held by People Better Limited, a company incorporated under the laws of British Virgin Islands. People Better Limited is wholly owned by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation.

The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 1,991,802,249 ordinary shares (being the sum of 1,654,190,527 Class A ordinary shares and 337,611,722 Class B ordinary shares) of the Issuer reported to be outstanding in the Issuer’s Rule 424(b)(4) Prospectus filed on March 20, 2019, assuming the automatic conversion of all outstanding preferred shares into 1,229,518,986 Class A ordinary shares immediately upon the completion of its initial public offering (as reported by the Issuer in its Rule 424(b)(4) Prospectus) and assuming no exercise of the underwriters’ option to purchase additional ADSs representing Class A ordinary shares (if the underwriters exercise their over-allotment option in full, the total number of outstanding ordinary shares would be 2,021,052,249). 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. 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 twenty votes per share.

 

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 Controlling Person:

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

 

6


LIST OF EXHIBITS

 

Exhibit No.

  

Description

A    Joint Filing Agreement

 

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 13, 2020

 

PEOPLE BETTER LIMITED
By:  

/s/ LEI Jun

Name:   LEI Jun
Title:   Director
FAST PACE LIMITED
By:  

/s/ LEI Jun

Name:   LEI Jun
Title:   Director
XIAOMI CORPORATION
By:  

/s/ LEI Jun

Name:   LEI Jun
Title:   Director

 

EX-99.(A) 2 d887966dex99a.htm EX-99.(A) EX-99.(A)

EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of Class A ordinary shares, par value of $0.00001 per share, of UP Fintech Holding Limited, a Cayman Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 13, 2020.

 

PEOPLE BETTER LIMITED
By:  

/s/ LEI Jun

Name:   LEI Jun
Title:   Director
FAST PACE LIMITED
By:  

/s/ LEI Jun

Name:   LEI Jun
Title:   Director
XIAOMI CORPORATION
By:  

/s/ LEI Jun

Name:   LEI Jun
Title:   Director