0001104659-20-012542.txt : 20200207 0001104659-20-012542.hdr.sgml : 20200207 20200207161942 ACCESSION NUMBER: 0001104659-20-012542 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200207 DATE AS OF CHANGE: 20200207 GROUP MEMBERS: HAPPY EDU INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OneSmart International Education Group Ltd CENTRAL INDEX KEY: 0001722380 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90497 FILM NUMBER: 20587719 BUSINESS ADDRESS: STREET 1: 165 WEST GUANGFU ROAD STREET 2: PUTUO DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200063 BUSINESS PHONE: 0085255990116 MAIL ADDRESS: STREET 1: 165 WEST GUANGFU ROAD STREET 2: PUTUO DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200063 FORMER COMPANY: FORMER CONFORMED NAME: OneSmart Education Group Ltd DATE OF NAME CHANGE: 20171113 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZHANG Xi CENTRAL INDEX KEY: 0001767953 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 165 WEST GUANGFU ROAD, PUTUO DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200063 SC 13G/A 1 a20-7076_1sc13ga.htm SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

OneSmart International Education Group Limited

(Name of Issuer)

Class A Ordinary Shares, par value $0.000001 per share

(Title of Class of Securities)

G6S54G109

(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:

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.

 

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. G6S54G109

 

Page 2 of 7 pages

 

1

Name of Reporting Person
Xi Zhang

 

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
People’s Republic of China

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
2,312,462,016. See Item 4.

 

6

Shared Voting Power
0

 

7

Sole Dispositive Power
2,312,462,016. See Item 4.

 

8

Shared Dispositive Power
0

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
2,312,462,016. See Item 4.

 

10

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

 

11

Percent of Class Represented by Amount in Row 9
35.7%. See Item 4.

 

12

Type of Reporting Person
IN

 

 

CUSIP No. G6S54G109

 

Page 3 of 7 pages

 

1

Name of Reporting Person
Happy Edu Inc.

 

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
2,296,842,016. See Item 4.

 

6

Shared Voting Power
0

 

7

Sole Dispositive Power
2,296,842,016. See Item 4.

 

8

Shared Dispositive Power
0

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
2,296,842,016. See Item 4.

 

10

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

 

11

Percent of Class Represented by Amount in Row 9
35.5%. See Item 4.

 

12

Type of Reporting Person
CO

 

 

CUSIP No. G6S54G109

 

Page 4 of 7 pages

 

Item 1(a).

Name of Issuer:
OneSmart International Education Group Limited (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices:
165 West Guangfu Road, Putuo District, Shanghai, People’s Republic of China

Item 2(a).

Name of Person Filing:
Xi Zhang and Happy Edu Inc. (collectively, the “Reporting Persons”)

Item 2(b).

Address of Principal Business Office or, if none, Residence:
The address of the Reporting Persons is 165 West Guangfu Road, Putuo District, Shanghai, People’s Republic of China.

Item 2(c)

Citizenship:
Xi Zhang is a citizen of the People’s Republic of China. Happy Edu Inc. is a British Virgin Islands company.

Item 2(d).

Title of Class of Securities:
Class A ordinary shares, par value $0.000001 per share

 

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 on all matters submitted to them for a vote. Issuer’s Class A ordinary shares and Class B ordinary shares vote together as a single class on all matters submitted to a vote of Issuer’s shareholders, except as may otherwise be required by law. 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:
G6S54G109

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

 

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:

 

Xi Zhang

 

2,312,462,016

(1)

35.7

%(3)

91.7

%(4)

2,312,462,016

(1)

0

 

2,312,462,016

(1)

0

 

Happy Edu Inc.

 

2,296,842,016

(2)

35.5

%(3)

91.7

%(4)

2,296,842,016

(2)

0

 

2,296,842,016

(2)

0

 

 

(1)

Represents (i) 15,620,000 Class A ordinary shares represented by American depositary shares beneficially held by Mr. Xi Zhang, and (ii) 2,296,842,016 Class B ordinary shares, beneficially owned by Happy Edu Inc., a British Virgin Islands company beneficially owned by Mr. Xi Zhang. Happy Edu Inc. is ultimately held by The Zhen Wei Family Trust, a trust established with the laws of British Virgin Islands and managed by Cantrust (Far East) Limited as the trustee. Under the terms of this trust, Mr. Xi Zhang has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares held by Happy Edu Inc. in the Issuer. Mr. Xi Zhang is the sole director of Happy Edu Inc.

 

 

(2)

Represents 2,296,842,016 Class B ordinary shares, beneficially owned by Happy Edu Inc., a British Virgin Islands company beneficially owned by Mr. Xi Zhang.

 

 

(3)

The percentage of class of securities beneficially owned by each Reporting Person is based on (i) a total of 6,478,090,483 ordinary shares (being the sum of 4,181,248,467 Class A ordinary shares and 2,296,842,016 Class B ordinary shares) of the Issuer outstanding as of December 31, 2019, and (ii) the assumption that all outstanding Class B ordinary shares convert into the same number of Class A ordinary shares.

 

 

(4)

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 the Issuer’s Class A and Class B ordinary shares as a single class. 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 on all matters submitted to them for a vote.

 

 

CUSIP No. G6S54G109

 

Page 5 of 7 pages

 

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

 

 

CUSIP No. G6S54G109

 

Page 6 of 7 pages

 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

 

 

 

99.1

 

Joint Filing Agreement (incorporated by reference to Exhibit A to Schedule 13G filed on February 14, 2019 by the reporting persons with the Securities and Exchange Commission)

 

 

CUSIP No. G6S54G109

 

Page 7 of 7 pages

 

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 7, 2020

 

 

Xi Zhang

 

 

 

/s/ Xi Zhang

 

 

 

Happy Edu Inc.

 

 

 

By:

/s/ Xi Zhang

 

Name:

Xi Zhang

 

Title:

Director