Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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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. 1)*
17 Education & Technology Group Inc.
(Name of Issuer)
Class A ordinary shares, par value US$0.0001 per share
(Title of Class of Securities)
81807M205**
(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) |
☑ | Rule 13d-1(d) |
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
** | CUSIP number of the Issuers American depositary shares (ADSs). One ADS represents 10 Class A ordinary shares of the Issuer. |
The information required in 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. 81807M205 | Page 2 of 8 |
1 | NAMES OF REPORTING PERSONS
Temasek Holdings (Private) 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
Republic of Singapore | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
47,797,502 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
47,797,502 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED B Y EACH REPORTING PERSON
47,797,502 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.9%(1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC |
(1) | Based on 438,169,355 Class A ordinary shares outstanding, calculated by deducting 58,453,168 Class B ordinary shares outstanding as of February 28, 2021 (as set forth in the Issuers (as defined herein) annual report on Form 20-F filed with the Securities and Exchange Commission (the Commission) on April 9, 2021) from the 496,622,523 ordinary shares (including both Class A ordinary shares and Class B ordinary shares) issued and outstanding as of September 30, 2021 (as set forth in the Issuers current report on Form 6-K furnished to the Commission on January 18, 2022. |
CUSIP No. 81807M205 | Page 3 of 8 |
1 | NAMES OF REPORTING PERSONS
Tembusu Capital Pte. 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
Republic of Singapore | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
44,100,592 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
44,100,592 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,100,592 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1%(1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC |
(1) | Based on 438,169,355 Class A ordinary shares outstanding, calculated by deducting 58,453,168 Class 0;B ordinary shares outstanding as of February 28, 2021 (as set forth in the Issuers annual report on Form 20-F filed with the Commission on April 9, 2021) from the 496,622,523 ordinary shares (including both Class A ordinary shares and Class B ordinary shares) issued and outstanding as of September 30, 2021 (as set forth in the Issuers current report on Form 6-K furnished to the Commission on January 18, 2022. |
CUSIP No. 81807M205 | Page 4 of 8 |
1 | NAMES OF REPORTING PERSONS
Esta Investments Pte. 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
Republic of Singapore | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
44,100,592 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
44,100,592 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,100,592 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1%(1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO |
(1) | Based on 438,169,355 Class A ordinary shares outstanding, calculated by deducting 58,453,168 Class B ordinary shares outstanding as of February 28, 2021 (as set forth in the Issuers annual report on Form 20-F filed with the Commission on April 9, 2021) from the 496,622,523 ordinary shares (including both Class A ordinary shares and Class B ordinary shares) issued and outstanding as of September 30, 2021 (as set forth in the Issuers current report on Form 6-K furnished to the Commission on January 18, 2022. |
CUSIP No. 81807M205 | Page 5 of 8 |
Item 1(a). | Name of Issuer: |
17 Education & Technology Group Inc. (the Issuer)
Item 1(b). | Address of Issuers Principal Executive Offices: |
16/F, Block B, Wangjing Greenland Center
Chaoyang District, Beijing 100102
Peoples Republic of China
Item 2(a). | Name of Person Filing: |
(i) | Temasek Holdings (Private) Limited (Temasek); |
(ii) | Tembusu Capital Pte. Ltd. (Tembusu); and |
(iii) | Esta Investments Pte. Ltd. (Esta and, together with Temasek and Tembusu, the Reporting Persons) |
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
Each of the Reporting Persons:
60B Orchard Road
#06-18 Tower 2
The Atrium@Orchard
Singapore 238891.
Item 2(c). | Citizenship: |
Each of the Reporting Persons: Republic of Singapore
Item 2(d). | Title of Class of Securities: |
Class A ordinary shares, par value US$0.0001 per share
Item 2(e). | CUSIP Number: |
81807M205. This CUSIP number applies to the ADSs. One ADS represents 10 Class A 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 person filing is a: |
Not applicable.
Item 4. | Ownership. |
(a) | Amount beneficially owned: |
As of December 31, 2021, Esta directly owned in aggregate 44,100,592 Class A ordinary shares.
Esta is a wholly-owned subsidiary of Tembusu, which in turn is a wholly-owned subsidiary of Temasek. Tembusu, through the ownership described herein, may be deemed to beneficially own the Class A ordinary shares directly owned by Esta.
Temasek, through the ownership described herein and the indirect 100% ownership of another entity that directly owned 3,696,910 Class A ordinary shares (in the form of ADSs) as of December 31, 2021, may be deemed to beneficially own in aggregate 47,797,502 Class A ordinary shares, including the 44,100,592 Class A ordinary shares directly owned by Esta.
CUSIP No. 81807M205 | Page 6 of 8 |
(b) | Percent of class: |
As of December 31, 2021:
Temasek: 10.9%
Tembusu and Esta: 10.1%
The percentages above are based on 438,169,355 Class A ordinary shares outstanding, calculated by deducting 58,453,168 Class B ordinary shares outstanding as of February 28, 2021 (as set forth in the Issuers annual report on Form 20-F filed with the Commission on April 9, 2021) from the 496,622,523 ordinary shares (including both Class A ordinary shares and Class B ordinary shares) issued and outstanding as of September 30, 2021 (as set forth in the Issuers current report on Form 6-K furnished to the Commission on January 18, 2022.
(c) | Number of shares as to which the person has: |
With respect to the shared power to vote, or to direct the vote, and to dispose, or to direct the disposition of, the shares of the Issuers common stock, please see Item 4(a) above regarding qualifications as to beneficial ownership.
(i) | Sole power to vote or to direct the vote: |
0.
(ii) | Shared power to vote or to direct the vote: |
Temasek: 47,797,502 Class A ordinary shares
Tembusu and Esta: 44,100,592 Class A ordinary shares
(iii) | Sole power to dispose or to direct the disposition of: |
0.
(iv) | Shared power to dispose or to direct the disposition of: |
Temasek: 47,797,502 Class A ordinary shares
Tembusu and Esta: 44,100,592 Class A ordinary shares
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.
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. | Certification. |
Not applicable.
CUSIP No. 81807M205 | Page 7 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 14, 2022 | TEMASEK HOLDINGS (PRIVATE) LIMITED | |||||||
By: | /s/ Jason Norman Lee | |||||||
Name | : | Jason Norman Lee | ||||||
Title | : | Authorized Signatory | ||||||
Dated: February 14, 2022 | TEMBUSU CAPITAL PTE. LTD. | |||||||
By: | /s/ Gregory Tan | |||||||
Name | : | Gregory Tan | ||||||
Title | : | Director | ||||||
Dated: February 14, 2022 | ESTA INVESTMENTS PTE. LTD. | |||||||
By: | /s/ Yap Zhi Liang | |||||||
Name | : | Yap Zhi Liang | ||||||
Title | : | Director |
CUSIP No. 81807M205 | Page 8 of 8 |
LIST OF EXHIBITS