SEC Form SC 13G/A filed by Futu Holdings Limited (Amendment)
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. 3)*
Futu
Holdings Limited
(Name of Issuer)
Class A
ordinary shares, par value US$0.00001 per share
(Title of Class of Securities)
36118L
106**
(CUSIP Number)
December 31, 2022
(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) |
| 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 36118L 106 has been assigned to the American Depositary Shares (“ADSs”) of the issuer, which are quoted on The Nasdaq Stock Market LLC under the symbol “FUTU.” Each ADS represents eight Class A 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. 36118L 106 | Schedule 13G | Page 2 of 8 |
| 1 |
Name of Reporting Persons
Leaf Hua Li |
| 2 |
Check the Appropriate Box if a Member of a Group (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
403,836,568(1) |
| 6 |
Shared Voting Power
0 | |
| 7 |
Sole Dispositive Power
403,836,568(1) | |
| 8 |
Shared Dispositive Power
0 |
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
403,836,568(1) |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨
|
| 11 |
Percent of Class Represented by Amount in Row 9
36.2%(2) The voting power of the shares beneficially owned represent 59.4%(2) of the total outstanding voting power. |
| 12 |
Type of Reporting Person
IN |
| (1) | Represents 202,812,500 Class B ordinary shares and 100,000,000 Class A ordinary shares (including 50,000,000 Class A ordinary shares in the form of ADSs) held by Lera Ultimate Limited, a company incorporated in the British Virgin Islands, 36,937,500 Class B ordinary shares and 64,000,000 Class A ordinary shares (in the form of ADSs) held by Lera Infinity Limited, a company incorporated in the British Virgin Islands, and 86,568 Class A ordinary shares (in the form of ADSs) held by Leaf Hua Li. Both Lera Ultimate Limited and Lera Infinity Limited are controlled by Mr. Leaf Hua Li through family trusts. 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 vote. 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. |
| (2) | Calculation is based on (i) 733,502,308 Class A ordinary shares and (ii) 380,552,051 Class B ordinary shares that were issued and outstanding as of December 15, 2022, as disclosed by the Issuer in the listing document relating to the proposed dual primary listing of its Class A ordinary shares with par value US$0.00001 per share by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) published on the website of the SEHK on December 22, 2022 (Hong Kong Time). |
| CUSIP No. 36118L 106 | Schedule 13G | Page 3 of 8 |
| 1 |
Name of Reporting Persons
Lera Ultimate 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 |
5 |
Sole Voting Power
302,812,500(1) |
| 6 |
Shared Voting Power
0 | |
| 7 |
Sole Dispositive Power
302,812,500(1) | |
| 8 |
Shared Dispositive Power
0 |
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
302,812,500(1) |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨
|
| 11 |
Percent of Class Represented by Amount in Row 9
27.2%(2) The voting power of the shares beneficially owned represent 49.8%(2) of the total outstanding voting power. |
| 12 |
Type of Reporting Person
CO |
| (1) | Represents 202,812,500 Class B ordinary shares and 100,000,000 Class A ordinary shares (including 50,000,000 Class A ordinary shares in the form of ADSs) held by Lera Ultimate Limited. |
| (2) | Calculation is based on (i) 733,502,308 Class A ordinary shares and (ii) 380,552,051 Class B ordinary shares that were issued and outstanding as of December 15, 2022, as disclosed by the Issuer in the listing document relating to the proposed dual primary listing of its Class A ordinary shares with par value US$0.00001 per share by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) published on the website of the SEHK on December 22, 2022 (Hong Kong Time). |
| CUSIP No. 36118L 106 | Schedule 13G | Page 4 of 8 |
| 1 |
Name of Reporting Persons
Lera Infinity 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 |
5 |
Sole Voting Power
100,937,500(1) |
| 6 |
Shared Voting Power
0 | |
| 7 |
Sole Dispositive Power
100,937,500(1) | |
| 8 |
Shared Dispositive Power
0 |
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
100,937,500(1) |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨
|
| 11 |
Percent of Class Represented by Amount in Row 9
9.1%(2) The voting power of the shares beneficially owned represent 9.6%(2) of the total outstanding voting power. |
| 12 |
Type of Reporting Person
CO |
| (1) | Represents 36,937,500 Class B ordinary shares and 64,000,000 Class A ordinary shares (in the form of ADSs) held by Lera Infinity Limited. |
| (2) | Calculation is based on (i) 733,502,308 Class A ordinary shares and (ii) 380,552,051 Class B ordinary shares that were issued and outstanding as of December 15, 2022, as disclosed by the Issuer in the listing document relating to the proposed dual primary listing of its Class A ordinary shares with par value US$0.00001 per share by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) published on the website of the SEHK on December 22, 2022 (Hong Kong Time). |
| CUSIP No. 36118L 106 | Schedule 13G | Page 5 of 8 |
| Item 1(a). | Name of Issuer: |
|
Futu Holdings Limited (the “Issuer”) | |
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
|
11/F, Bangkok Bank Building. No. 18 Bonham Strand W, Sheung Wan, Hong Kong S.A.R., People’s Republic of China. | |
| Item 2(a). | Name of Person Filing: |
| (i) Leaf Hua Li | |
| (ii) Lera Ultimate Limited | |
|
(iii) Lera Infinity Limited (collectively, the “Reporting Persons”) | |
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
|
Leaf Hua Li | |
|
Lera Ultimate Limited c/o 11/F, Bangkok Bank Building No. 18 Bonham Strand W, Sheung Wan Hong Kong S.A.R., People’s Republic of China | |
|
Lera Infinity Limited c/o 11/F, Bangkok Bank Building No. 18 Bonham Strand W, Sheung Wan Hong Kong S.A.R., People’s Republic of China | |
| Item 2(c) | Citizenship: |
|
Leaf Hua Li - People’s Republic of China Lera Ultimate Limited - British Virgin Islands Lera Infinity Limited - British Virgin Islands | |
| Item 2(d). | Title of Class of Securities: |
| Class A ordinary shares, par value US$0.00001 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 on all matters submitted to them for a vote. 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: |
| 36118L 106 | |
|
This CUSIP number applies to the American depositary shares (the “ADSs”) of the Issuer, each ADS representing eight Class A ordinary shares of the Issuer, par value US$0.00001 per share. |
| CUSIP No. 36118L 106 | Schedule 13G | Page 6 of 8 |
| 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:(1) | Percent of class:(1) | Percent of aggregate voting power:(1) | Sole power to vote or direct the vote:(1) | Shared power to vote or to direct the vote: | Sole power to dispose or to direct the disposition of:(1) | Shared power to dispose or to direct the disposition of: | |||||||||||||||||||||
| Leaf Hua Li | 403,836,568 | 36.2 | % | 59.4 | % | 403,836,568 | 0 | 403,836,568 | 0 | |||||||||||||||||||
| Lera Ultimate Limited | 302,812,500 | 27.2 | % | 49.8 | % | 302,812,500 | 0 | 302,812,500 | 0 | |||||||||||||||||||
| Lera Infinity Limited | 100,937,500 | 9.1 | % | 9.6 | % | 100,937,500 | 0 | 100,937,500 | 0 | |||||||||||||||||||
| (1) | Represents (i) 202,812,500 Class B ordinary shares and 100,000,000 Class A ordinary shares (including 50,000,000 Class A ordinary shares in the form of ADSs) held by Lera Ultimate Limited, a company incorporated in the British Virgin Islands, (ii) 36,937,500 Class B ordinary shares and 64,000,000 Class A ordinary shares (in the form of ADSs) held by Lera Infinity Limited, a company incorporated in the British Virgin Islands, and (iii) 86,568 Class A ordinary shares (in the form of ADSs) held by Leaf Hua Li. Both Lera Ultimate Limited and Lera Infinity Limited are controlled by Mr. Leaf Hua Li through family trusts. Calculation is based on (i) 733,502,308 Class A ordinary shares and (ii) 380,552,051 Class B ordinary shares that were issued and outstanding as of December 15, 2022, as disclosed by the Issuer in the listing document relating to the proposed dual primary listing of its Class A ordinary shares with par value US$0.00001 per share by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) published on the website of the SEHK on December 22, 2022 (Hong Kong Time). 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 vote. |
| 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. 36118L 106 | Schedule 13G | Page 7 of 8 |
LIST OF EXHIBITS
| CUSIP No. 36118L 106 | Schedule 13G | Page 8 of 8 |
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 10, 2023 | ||
| LEAF HUA LI | ||
| /s/ Leaf Hua Li | ||
| LERA ULTIMATE LIMITED | ||
| By: | /s/ Keith Ng Teck Wee | |
| /s/ Danny Toh Chin Leng | ||
| Name: | Keith Ng Teck Wee / Danny Toh Chin Leng for and on behalf of Prudence Directors Limited | |
| Title: | Director | |
| LERA INFINITY LIMITED | ||
| By: | /s/ Keith Ng Teck Wee | |
| /s/ Danny Toh Chin Leng | ||
| Name: | Keith Ng Teck Wee / Danny Toh Chin Leng for and on behalf of Prudence Directors Limited | |
| Title: | Director | |