Sec Form 13G Filing - Zou Shenglong filing for XUNLEI LTD SPONSORED ADR (XNET) - 2022-02-11

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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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 5)

 

Xunlei Limited

(Name of Issuer)

 

Common Shares

(Title of Class of Securities)

 

98419E108**

(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)
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).

 

** This CUSIP applies to the American Depositary Shares, evidenced by American Depositary Receipts, of the Issuer, each representing five common shares of the Issuer. No CUSIP has been assigned to the common shares.

 

 

 

 

CUSIP No. 98419E108

 

1.  

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Shenglong Zou (“Mr. Zou”)

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
 
22,931,611 Common Shares
  6.   SHARED VOTING POWER
 
0
  7.   SOLE DISPOSITIVE POWER
 
22,931,611 Common Shares
  8.   SHARED DISPOSITIVE POWER
 
0

9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

22,931,611 Common Shares

10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
¨
11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.8%(1)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

IN

    (1)       Based on a total of 337,257,946 common shares of the Issuer, par value US$0.00025 per share (“Common Shares”) outstanding as of December 31, 2021 according to the Issuer.

 

 

CUSIP No. 98419E108

 

1.  

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Vantage Point Global Limited (“Vantage Point”)

   
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
 
10,931,611 Common Shares
  6.   SHARED VOTING POWER
 
0
  7.   SOLE DISPOSITIVE POWER
 
10,931,611 Common Shares
  8.   SHARED DISPOSITIVE POWER
 
0

9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,931,611 Common Shares

10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
¨
11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

3.2%(1)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

CO

    (1)       Based on a total of 337,257,946 Common Shares outstanding as of December 31, 2021 according to the Issuer.

 

 

CUSIP No. 98419E108        

 

1.  

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Choice & Chance Limited (“Choice”)

   
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
 
Bahamas
   

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
  5.   SOLE VOTING POWER
 
10,931,611 Common Shares
  6.   SHARED VOTING POWER
 
0
  7.   SOLE DISPOSITIVE POWER
 
10,931,611  Common Shares
  8.   SHARED DISPOSITIVE POWER
 
0

9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,931,611 Common Shares

   
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
¨
   
11.  

PERCENT OF CLASS&#x A0;REPRESENTED BY AMOUNT IN ROW (9)

 

3.2%(1)

   
12.  

TYPE OF REPORTING PERSON (see instructions)

 

CO

   
    (1)       Based on a total of 337,257,946 Common Shares outstanding as of December 31, 2021 according to the Issuer.    

 

 

CUSIP No. 98419E108

 

Item 1.

 

  (a) Name of Issuer
Xunlei Limited (the “Issuer”)
     
  (b)

Address of Issuer’s Principal Executive Offices
21/F, Block B, Bldg 12, Shenzhen Bay ECO-Technology Park

Nanshan District, Shenzhen, 518000, People’s Republic of China

     

 

Item 2.

 

  (a)

Name of Person Filing

Shenglong Zou (“Mr. Zou”) 

Vantage Point Global Limited (“Vantage Point”)

Choice & Chance Limited (“Choice”)

The foregoing persons are collectively referred to as the “Reporting Persons.”

     
  (b)

Address of the Principal Office or, if none, residence

 

Shenglong Zou
Vantage Point Global Limited
c/o Xunlei Limited
21/F, Block B, Bldg 12, Shenzhen Bay ECO-Technology Park

Nanshan District, Shenzhen, 518000, People’s Republic of China

 

Choice & Chance Limited

Offshore Group Chambers

P.O. Box CB 12751

Nassau

New Providence

Bahamas

     
  (c)

Citizenship

 

Mr. Zou is a citizen of the People’s Republic of China.

 

The place of organization of Vantage Point is the British Virgin Islands.

 

The place of organization of Choice is the Bahamas.

     
  (d)

Title of Class of Securities

 

Common shares of par value US$0.00025 per share

     
  (e) CUSIP Number
98419E108 (for the American Depositary Shares, evidenced by American Depositary Receipts, of the Issuer (the “ADSs”), each representing five Common Shares. No CUSIP has been assigned to the Common Shares.)

 

 

 

 

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.

 

The following information with respect to the ownership of the Common Shares by each of the Reporting Persons is provided as of December 31, 2021:

 

          Number of shares as to which such person has: 
Reporting Person  Amount
Beneficially
Owned
  Percent
of
Class(1)
   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
 
Shenglong Zou(2)  22,931,611 Common Shares   6.8%  22,931,611 Common Shares   0   22,931,611 Common Shares   0 
Choice & Chance Limited(2)  10,931,611 Common Shares   3.2%  10,931,611 Common Shares   0   10,931,611 Common Shares   0 
Vantage Point Global Limited(2)  10,931,611 Common Shares   3.2%  10,931,611 Common Shares   0   10,931,611 Common Shares   0 

 

(1) Based on a total of 337,257,946 Common Shares outstanding as of December 31, 2021 according to the Issuer.

 

(2) As of December 31, 2021, Vantage Point was the record owner of 10,931,611 Common Shares (3,279,480 of which is represented by ADSs). Vantage Point is wholly owned by Choice, which is wholly owned by Mr. Zou and Mr. Zou is a director of Choice.  Mr. Zou indirectly holds all voting and investment powers of Vantage Point and its assets. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Mr. Zou may be deemed to beneficially own all of the Common Shares directly held by Vantage Point.

 

  In addition, Eagle Spirit LLC, a Delaware limited liability company, was the record owner of 12,000,000 Common Shares as of December 31, 2021 (3,600,000 of which is represented by ADSs).  Eagle Spirit LLC is wholly owned by a United States irrevocable trust with Mr. Zou as the settlor and Mr. Zou is the sole director of Eagle Spirit LLC. Mr. Zou indirectly holds the voting power and investment power of all of the Common Shares held by Eagle Spirit LLC. Mr. Zou may be deemed to beneficially own all of the Common Shares held by Eagle Spirit LLC.

 

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.

 

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

 

 

 

 

SIGNATURES

 

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 11, 2022

 

Shenglong Zou     /s/ Shenglong Zou        
   
Vantage Point Global Limited   By: /s/ Shenglong Zou  
  Name: Shenglong Zou  
  Title: Director        
     
Choice & Chance Limited By:   /s/ Shenglong Zou
  Name: Shenglong Zou  
  Title: Director    

 

[Signature Page to Schedule 13G/A]

 

 

 

 

LIST OF EXHIBITS

 

Exhibit No.   Description
A.   Joint Filing Agreement