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. _)*
Futu Holdings Limited
(Name of Issuer)
Class A ordinary shares, par value $0.00001
(Title of Class of Securities)
36118L106
(CUSIP Number)
August 6, 2024
(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)
x 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 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).
CUSIP No. 36118L106 |
13G | Page 2 of 8 Pages | ||
| 1. | NAMES OF REPORTING PERSONS
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| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) x |
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| 3. | SEC USE ONLY |
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| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | ||
| 6. | SHARED VOTING POWER 37,725,424(1) | |||
| 7. | SOLE DISPOSITIVE POWER
0 | |||
| 8. | SHARED DISPOSITIVE POWER 37,725,424(1) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,725,424(1) |
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| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
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| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%(2) |
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| 12. | TYPE OF REPORTING PERSON (see instructions)
OO, HC |
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(1) These 37,725,424 Class A ordinary shares, par value $0.00001 per share (the “Ordinary Shares”) of Futu Holdings Limited (the “Issuer”) are represented by 4,715,678 American Depositary Shares (“ADSs”), each ADS representing eight (8) Ordinary Shares.
(2) Based on 747,830,786 Ordinary Shares outstanding as of 31 December 2023, according to Form 20-F filed by the Issuer with the Securities and Exchange Commmission on April 24, 2024.
| CUSIP No. 36118L106 | 13G | Page 3 of 8 Pages |
| 1. | NAMES OF REPORTING PERSONS
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| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) x |
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| 3. | SEC USE ONLY |
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| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | ||
| 6. | SHARED VOTING POWER 37,725,424(1) | |||
| 7. | SOLE DISPOSITIVE POWER 0 | |||
| 8. | SHARED DISPOSITIVE POWER 37,725,424(1) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,725,424(1) |
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| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
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| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%(2) |
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| 12. | TYPE OF REPORTING PERSON (see instructions)
OO, HC |
(1) These 37,725,424 Class A ordinary shares, par value $0.00001 per share (the “Ordinary Shares”) of Futu Holdings Limited (the “Issuer”) are represented by 4,715,678 American Depositary Shares (“ADSs”), each ADS representing eight (8) Ordinary Shares.
(2) Based on 747,830,786 Ordinary Shares outstanding as of 31 December 2023, according to Form 20-F filed by the Issuer with the Securities and Exchange Commmission on April 24, 2024.
| CUSIP No. 36118L106 | 13G | Page 4 of 8 Pages |
| 1. | NAMES OF REPORTING PERSONS
|
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| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) x |
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| 3. | SEC USE ONLY |
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| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
0 | ||
| 6. | SHARED VOTING POWER 37,725,425(1) | |||
| 7. | SOLE DISPOSITIVE POWER 0 | |||
| 8. | SHARED DISPOSITIVE POWER 37,725,425(1) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,725,425(1) |
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| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
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| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%(2) |
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| 12. | TYPE OF REPORTING PERSON (see instructions)
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(1) These 37,725,425 Class A ordinary shares, par value $0.00001 per share (the “Ordinary Shares”) of Futu Holdings Limited (the “Issuer”) are represented by 4,715,678 American Depositary Shares (“ADSs”), each ADS representing eight (8) Ordinary Shares.
(2) Based on 747,830,786 Ordinary Shares outstanding as of 31 December 2023, according to Form 20-F filed by the Issuer with the Securities and Exchange Commmission on April 24, 2024.
CUSIP No. 36118L106
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13G
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Page 5 of 8 Pages
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Item 1.
| (a) | Name of Issuer Futu Holdings Limited |
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| (b) | Address of Issuer’s Principal Executive Offices 95 Queensway, Admiralty, Hong Kong S.A.R., People’s Republic of China |
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Item 2.
| (a) - (c) | Name, Principal Business Address, and Citizenship of Persons Filing:
Aspex Master Fund - Cayman Islands Li, Ho Kei - Hong Kong |
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Aspex Master Fund, Aspex Management (HK) Ltd and Li, Ho Kei
2 Ice House Street, Hong Kong |
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| (d) | Title of Class of Securities |
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| (e) | CUSIP Number
(There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 36118L106 has been assigned to the American Depositary Shares of the Issuer, each American Depositary Share representing eight (8) Class A ordinary shares, which are quoted on the Nasdaq Global Market under the symbol “FUTU”.)
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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.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned:
Aspex Management (HK) Ltd - 37,725,424 Aspex Master Fund - 37,725,424 Li, Ho Kei - 37,725,424
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| (b) | Percent of class:
Aspex Management (HK) Ltd - 5.0% Aspex Master Fund - 5.0% Li, Ho Kei - 5.0%
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| (c) | Number of shares as to which the person has: | |||
| (i) | Sole power to vote or to direct the vote
Aspex Management (HK) Ltd - 0. Aspex Master Fund - 0 Li, Ho Kei - 0
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| (ii) | Shared power to vote or to direct the vote
Aspex Management (HK) Ltd - 37,725,424 Aspex Master Fund - 37,725,424 Li, Ho Kei - 37,725,424
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| (iii) | Sole power to dispose or to direct the disposition of
Aspex Management (HK) Ltd - 0 Aspex Master Fund - 0 Li, Ho Kei - 0
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| (iv) | Shared power to dispose or to direct the disposition of
Aspex Management (HK) Ltd - 37,725,424 Aspex Master Fund - 37,725,424 Li, Ho Kei - 37,725,424
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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 five percent of the class of securities, check the following ¨.
NA
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
NA
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
NA
Item 8. Identification and Classification of Members of the Group.
NA
Item 9. Notice of Dissolution of Group.
NA
Item 10. Certification.
| (a) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): | |||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. | ||||
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.
August 13, 2024 Date |
Aspex Management (HK) Ltd
Signature
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Responsible Party Name/Title |
Aspex Master Fund
Signature
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Responsible Party Name/Title |
Li, Ho Kei
Signature
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