Sec Form 13G Filing - Temasek Holdings (Private) Ltd filing for 17 Education & Technology Group Inc. (YQ) - 2022-02-14

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 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 the disclosures provided in a prior cover page.

**

CUSIP number of the Issuer’s 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:

     

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 Issuer’s (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 Issuer’s 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:

     

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 Issuer’s 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 Issuer’s 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:

     

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 Issuer’s 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 Issuer’s 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 Issuer’s Principal Executive Offices:

16/F, Block B, Wangjing Greenland Center

Chaoyang District, Beijing 100102

People’s 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 Issuer’s 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 Issuer’s 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 Issuer’s 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

 

Exhibit No.

  

Description

99.1    Joint Filing Agreement, dated as of February  5, 2021, by and among Temasek, Tembusu and Esta (incorporated by reference to Exhibit A to the Schedule 13G filed by the Reporting Persons on February 5, 2021).