0001104659-22-015791.txt : 20220209 0001104659-22-015791.hdr.sgml : 20220209 20220209061222 ACCESSION NUMBER: 0001104659-22-015791 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220209 DATE AS OF CHANGE: 20220209 GROUP MEMBERS: KEYI CHEN GROUP MEMBERS: LHASA NIANQING ENTERPRISE MANAGEMENT CO., LTD. GROUP MEMBERS: SHANGHAI FENGHAO ENTERPRISE MANAGEMENT L.P. GROUP MEMBERS: TIBET XIANFENG QIYUN INVESTMENT CONSULTING CO., LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Onion Global Ltd CENTRAL INDEX KEY: 0001829949 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93015 FILM NUMBER: 22603709 BUSINESS ADDRESS: STREET 1: NO. 3-05, YANGCHENG INNOVATION ZONE STREET 2: NO.309, HUANGPU AVENUE CITY: GUANGZHOU STATE: F4 ZIP: 00000 BUSINESS PHONE: 86 020 3826 7960 MAIL ADDRESS: STREET 1: NO. 3-05, YANGCHENG INNOVATION ZONE STREET 2: NO.309, HUANGPU AVENUE CITY: GUANGZHOU STATE: F4 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YGC Holdings Ltd CENTRAL INDEX KEY: 0001906777 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: START CHAMBERS, WICKHAMS CAY II STREET 2: P.O. BOX 2221, ROAD TOWN CITY: TORTOLA STATE: VI ZIP: 00000 BUSINESS PHONE: 011-852-39023783 MAIL ADDRESS: STREET 1: START CHAMBERS, WICKHAMS CAY II STREET 2: P.O. BOX 2221, ROAD TOWN CITY: TORTOLA STATE: VI ZIP: 00000 SC 13G 1 tm225820d1_sc13g.htm SC 13G

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

 

Under the Securities Exchange Act of 1934

(Amendment No.       )*

 

Onion Global Limited

(Name of Issuer)

 

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

(Title of Class of Securities)

 

68277G107**

(CUSIP Number)

 

December 31, 2021

(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)

xRule 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.

 

** This CUSIP number applies to the American Depositary Shares (“ADSs”) of Onion Global Limited (the “Issuer”). Each ten ADSs represent one Class A ordinary share, par value US$0.0001 per share, of the Issuer (“Class A ordinary shares”).

 

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 (the “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. 68277G107** 13G  

 
1 NAMES OF REPORTING PERSONS
YGC Holdings Limited

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(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
5 SOLE VOTING POWER
938,271(1)
6 SHARED VOTING POWER
0
7

SOLE DISPOSITIVE POWER

938,271(1)

 

8 SHARED DISPOSITIVE POWER
0
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

938,271(1)

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5%(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

 

(1)Represents (i) 187,654 Class A ordinary shares in the form of 1,876,540 restricted ADSs, and (ii) 750,617 Class A ordinary shares held by YGC Holdings Limited.

 

(2)This percentage is calculated based on 8,924,881 ordinary shares of the Issuer as a single class, being the sum of (i) 4,084,881 Class A ordinary shares, and (ii) 4,840,000 Class B ordinary shares issued and outstanding as of May 6, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus dated May 6, 2021 filed with the Securities and Exchange Commission (the “Commission”) pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “Securities Act”). In respect of all matters subject to a shareholders’ vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes, voting together as a single class. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

 2 

 

 

CUSIP No. 68277G107** 13G  

 

1 NAMES OF REPORTING PERSONS
Shanghai Fenghao Enterprise Management L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) ¨

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
938,271(3)
6 SHARED VOTING POWER
0
7

SOLE DISPOSITIVE POWER

938,271(3)

 

8 SHARED DISPOSITIVE POWER
0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

938,271(3)

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5%(4)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN

 

(3)Represents (i) 187,654 Class A ordinary shares in the form of 1,876,540 restricted ADSs, and (ii) 750,617 Class A ordinary shares held by YGC Holdings Limited, which holds these 938,271 ordinary shares for the benefit of Shanghai Fenghao Enterprise Management L.P.

 

(4)This percentage is calculated based on 8,924,881 ordinary shares of the Issuer as a single class, being the sum of (i) 4,084,881 Class A ordinary shares, and (ii) 4,840,000 Class B ordinary shares issued and outstanding as of May 6, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus dated May 6, 2021 filed with the Commission pursuant to Rule 424(b) under the Securities Act. In respect of all matters subject to a shareholders’ vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes, voting together as a single class. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

 3 

 

 

CUSIP No. 68277G107** 13G  

 

1 NAMES OF REPORTING PERSONS
Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) ¨

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
938,271(5)
6 SHARED VOTING POWER
0
7

SOLE DISPOSITIVE POWER

938,271(5)

 

8 SHARED DISPOSITIVE POWER
0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

938,271(5)

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5%(6)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

 

(5)Represents (i) 187,654 Class A ordinary shares in the form of 1,876,540 restricted ADSs, and (ii) 750,617 Class A ordinary shares held by YGC Holdings Limited, which holds these 938,271 ordinary shares for the benefit of Shanghai Fenghao Enterprise Management L.P., whose general partner is Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.

 

(6)This percentage is calculated based on 8,924,881 ordinary shares of the Issuer as a single class, being the sum of (i) 4,084,881 Class A ordinary shares, and (ii) 4,840,000 Class B ordinary shares issued and outstanding as of May 6, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus dated May 6, 2021 filed with the Commission pursuant to Rule 424(b) under the Securities Act. In respect of all matters subject to a shareholders’ vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes, voting together as a single class. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

 4 

 

 

CUSIP No. 68277G107** 13G  

 

1 NAMES OF REPORTING PERSONS
Lhasa Nianqing Enterprise Management Co., Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) ¨

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
938,271(7)
6 SHARED VOTING POWER
0
7

SOLE DISPOSITIVE POWER

938,271(7)

 

8 SHARED DISPOSITIVE POWER
0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

938,271(7)

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5%(8)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

 

(7)Represents (i) 187,654 Class A ordinary shares in the form of 1,876,540 restricted ADSs, and (ii) 750,617 Class A ordinary shares held by YGC Holdings Limited, which holds these 938,271 ordinary shares for the benefit of Shanghai Fenghao Enterprise Management L.P., whose general partner is Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. The controlling shareholder of Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. is Lhasa Nianqing Enterprise Management Co., Ltd.

 

(8)This percentage is calculated based on 8,924,881 ordinary shares of the Issuer as a single class, being the sum of (i) 4,084,881 Class A ordinary shares, and (ii) 4,840,000 Class B ordinary shares issued and outstanding as of May 6, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus dated May 6, 2021 filed with the Commission pursuant to Rule 424(b) under the Securities Act. In respect of all matters subject to a shareholders’ vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes, voting together as a single class. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

 5 

 

 

CUSIP No. 68277G107** 13G  

 

1 NAMES OF REPORTING PERSONS
Keyi Chen

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) ¨

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
938,271(9)
6 SHARED VOTING POWER
0
7

SOLE DISPOSITIVE POWER

938,271(9)

 

8 SHARED DISPOSITIVE POWER
0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

938,271(9)

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5%(10)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

 

(9)Represents (i) 187,654 Class A ordinary shares in the form of 1,876,540 restricted ADSs, and (ii) 750,617 Class A ordinary shares held by YGC Holdings Limited, which holds these 938,271 ordinary shares for the benefit of Shanghai Fenghao Enterprise Management L.P., whose general partner is Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. The controlling shareholder of Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. is Lhasa Nianqing Enterprise Management Co., Ltd., which is in turn wholly owned by Mr. Keyi Chen.

 

(10)This percentage is calculated based on 8,924,881 ordinary shares of the Issuer as a single class, being the sum of (i) 4,084,881 Class A ordinary shares, and (ii) 4,840,000 Class B ordinary shares issued and outstanding as of May 6, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus dated May 6, 2021 filed with the Commission pursuant to Rule 424(b) under the Securities Act. In respect of all matters subject to a shareholders’ vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes, voting together as a single class. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

 6 

 

   

CUSIP No. 68277G107** 13G  

 

Item 1(a)Name of Issuer:

 

Onion Global Limited

 

Item 1(b)Address of Issuer’s principal executive offices:

 

No. 309 3-05 Huangfu Avenue Zhong
Tianhe District, Guangzhou City, Guangdong Province
People’s Republic of China

 

Items 2(a)Name of Reporting Persons filing:

 

(i) YGC Holdings Limited,

(ii) Shanghai Fenghao Enterprise Management L.P.,

(iii) Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.,

(iv) Lhasa Nianqing Enterprise Management Co., Ltd., and

(v) Keyi Chen

(collectively, the “Reporting Persons”).

 

Item 2(b)Address or principal business office or, if none, residence:

 

Start Chambers, Wickham’s Cay II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands

 

Item 2(c)Citizenship:

 

(i) YGC Holdings Limited — British Virgin Islands
(ii) Shanghai Fenghao Enterprise Management L.P. — People’s Republic of China
(iii) Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. — People’s Republic of China
(iv) Lhasa Nianqing Enterprise Management Co., Ltd. — People’s Republic of China

(v) Keyi Chen — People’s Republic of China

 

Item 2(d)Title of class of securities:

 

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

 

Item 2(e)CUSIP No.:

 

68277G107. This CUSIP number applies to the ADSs of the Issuer. Each ten ADSs represent one Class A ordinary share.

 

Item 3If 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.

 

 7 

 

 

CUSIP No. 68277G107** 13G  

 

Item 4Ownership

 

The following information with respect to the ownership of Class A ordinary shares of the Issuer by the Reporting Persons filing this statement on Schedule 13G was provided as of December 31, 2021.

 

Reporting Persons  Amount
Beneficially
Owned
   Percent
of
Class(1)
   Percent of
Aggregate
Voting
Power(2)
   Sole
Voting
Power
   Shared
Voting
Power
   Sole
Dispositive
Power
   Shared
Dispositive
Power
 
YGC Holdings Limited   938,271(3)   10.5%   1.8%   938,271    0    938,271    0 
Shanghai Fenghao Enterprise Management L.P.   938,271(3)   10.5%   1.8%   938,271    0    938,271    0 
Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.   938,271(3)   10.5%   1.8%   938,271    0    938,271    0 
Lhasa Nianqing Enterprise Management Co., Ltd.   938,271(3)   10.5%   1.8%   938,271    0    938,271    0 
Keyi Chen   938,271(3)   10.5%   1.8%   938,271    0    938,271    0 

 

(1)Calculation is based on 8,924,881 ordinary shares of the Issuer as a single class, being the sum of (i) 4,084,881 Class A ordinary shares, and (ii) 4,840,000 Class B ordinary shares issued and outstanding as of May 6, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus dated May 6, 2021 filed with the Commission pursuant to Rule 424(b) under the Securities Act. In respect of all matters subject to a shareholders’ vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes, voting together as a single class. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

(2)The percent of aggregate voting power beneficially owned by each Reporting Person is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of Class A Ordinary shares and Class B Ordinary shares as a single class. In respect of all matters subject to a shareholders’ vote, each Class B Ordinary share is entitled to ten votes per share, whereas each Class A Ordinary share is entitled to one vote.

 

(3)Represents (i) 187,654 Class A ordinary shares in the form of 1,876,540 restricted ADSs, and (ii) 750,617 Class A ordinary shares held by YGC Holdings Limited, an exempted company incorporated with limited liability under the laws of the British Virgin Islands, which holds these 938,271 ordinary shares for the benefit of Shanghai Fenghao Enterprise Management L.P., whose general partner is Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. The controlling shareholder of Tibet Xianfeng Qiyun Investment Consulting Co., Ltd. is Lhasa Nianqing Enterprise Management Co., Ltd., which is in turn wholly owned by Mr. Keyi Chen. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, each of Shanghai Fenghao Enterprise Management L.P., Tibet Xianfeng Qiyun Investment Consulting Co., Ltd., Lhasa Nianqing Enterprise Management Co., Ltd. and Mr. Keyi Chen may be deemed to beneficially own all of the shares of the Issuer owned by YGC Holdings Limited. However, Mr. Keyi Chen disclaims beneficial ownership of these shares of the Issuer held by YGC Holdings Limited except to the extent of his own pecuniary and economic interests therein.

 

Item 5Ownership of Five Percent or Less of a Class

 

Not applicable.

 

Item 6Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

Item 7Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

 

Not applicable.

 

Item 8Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9Notice of Dissolution of Group

 

Not applicable.

 

Item 10Certifications

 

Not applicable.

 

 8 

 

 

CUSIP No. 68277G107** 13G  

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the attached statement on Schedule 13G is true, complete and correct.

 

Dated: February 9, 2022.

 

YGC Holdings Limited

 

By:   /s/ Hong Shi  
Name:   Hong Shi  
Title:   Director  

 

Shanghai Fenghao Enterprise Management L.P.

 

By: Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.,
as its general partner

 

By:   /s/ Shiyu Wang  
Name:   Shiyu Wang  
Title:   Director  

 

Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.

 

By:   /s/ Shiyu Wang  
Name:   Shiyu Wang  
Title:   Director  

 

Lhasa Nianqing Enterprise Management Co., Ltd.

 

By:   /s/ Xiaoye Wang  
Name:   Xiaoye Wang  
Title:   Director  

 

Keyi Chen

 

    /s/ Keyi Chen  
Name:   Keyi Chen  

 

 

 

 

CUSIP No. 68277G107** 13G  

 

LIST OF EXHIBITS

 

Exhibit No.   Description
99.1   Joint Filing Agreement

 

 

EX-99.1 2 tm225820d1_ex99-1.htm EXHIBIT 99.1

 

CUSIP No. 68277G107** 13G Exhibit 99.1

 

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 Class A ordinary shares, par value US$0.0001 per share, of Onion Global 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 9, 2022.

 

YGC Holdings Limited

 

By:   /s/ Hong Shi  
Name:   Hong Shi  
Title:   Director  

 

Shanghai Fenghao Enterprise Management L.P.

 

By: Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.,
as its general partner

 

By:   /s/ Shiyu Wang  
Name:   Shiyu Wang  
Title:   Director  

 

Tibet Xianfeng Qiyun Investment Consulting Co., Ltd.

 

By:   /s/ Shiyu Wang  
Name:   Shiyu Wang  
Title:   Director  

 

Lhasa Nianqing Enterprise Management Co., Ltd.

 

By:   /s/ Xiaoye Wang  
Name:   Xiaoye Wang  
Title:   Director  

 

Keyi Chen

 

    /s/ Keyi Chen  
Name:   Keyi Chen