Sec Form 13G Filing - Li Hua filing for Futu Holdings Limited (FUTU) - 2022-02-08

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. 2)*

 

 

 

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, 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.
**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 106Schedule 13GPage 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

 

34.8%(2)

The voting power of the shares beneficially owned represent 67.5%(2) of the total outstanding voting power.

12

Type of Reporting Person

 

IN

 

 

(1)Represents 252,812,500 Class B ordinary shares and 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, 100,937,500 Class B ordinary shares 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) 667,427,240 Class A ordinary shares and (ii) 494,552,051 Class B ordinary shares outstanding immediately after the completion of an offering by the Issuer of an aggregate of 9,500,000 ADSs in April 2021 (without taking into account the underwriters’ option to purchase up to an aggregate of 1,425,000 additional ADSs within 30 days of April 20, 2021), as disclosed by the Issuer in the prospectus supplement dated April 20, 2021.

 

2

 

 

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

 

26.1%(2)

The voting power of the shares beneficially owned represent 48.4%(2) of the total outstanding voting power.

12

Type of Reporting Person

 

CO

 

 

(1)Represents 252,812,500 Class B ordinary shares and 50,000,000 Class A ordinary shares (in the form of ADSs) held by Lera Ultimate Limited.
(2)Calculation is based on (i) 667,427,240 Class A ordinary shares and (ii) 494,552,051 Class B ordinary shares outstanding immediately after the completion of an offering by the Issuer of an aggregate of 9,500,000 ADSs in April 2021 (without taking into account the underwriters’ option to purchase up to an aggregate of 1,425,000 additional ADSs within 30 days of April 20, 2021), as disclosed by the Issuer in the prospectus supplement dated April 20, 2021.

 

3

 

 

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

 

8.7%(2)

The voting power of the shares beneficially owned represent 19.1%(2) of the total outstanding voting power.

12

Type of Reporting Person

 

CO

 

 

(1)Represents 100,937,500 Class B ordinary shares held by Lera Infinity Limited.
(2)Calculation is based on (i) 667,427,240 Class A ordinary shares and (ii) 494,552,051 Class B ordinary shares outstanding immediately after the completion of an offering by the Issuer of an aggregate of 9,500,000 ADSs in April 2021 (without taking into account the underwriters’ option to purchase up to an aggregate of 1,425,000 additional ADSs within 30 days of April 20, 2021), as disclosed by the Issuer in the prospectus supplement dated April 20, 2021.

 

4

 

 

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
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 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.

 

5

 

 

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    34.8%   67.5%   403,836,568    0    403,836,568    0 
Lera Ultimate Limited   302,812,500    26.1%   48.4%   302,812,500    0    302,812,500    0 
Lera Infinity Limited   100,937,500    8.7%   19.1%   100,937,500    0    100,937,500    0 

 

 

(1)Represents (i) 252,812,500 Class B ordinary shares and 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) 100,937,500 Class B ordinary shares 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. The calculation of percentage of class of securities and aggregate voting power beneficially owned by each Reporting Person is based on (i) 667,427,240 Class A ordinary shares and (ii) 494,552,051 Class B ordinary shares outstanding immediately after the completion of an offering by the Issuer of an aggregate of 9,500,000 ADSs in April 2021 (without taking into account the underwriters’ option to purchase up to an aggregate of 1,425,000 additional ADSs within 30 days of April 20, 2021), as disclosed by the Issuer in the prospectus supplement dated April 20, 2021. 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

 

6

 

 

LIST OF EXHIBITS

 

Exhibit No. Description
A. Joint Filing Agreement (incorporated by reference to Exhibit 99.A to the Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Issuer on February 14, 2020)

 

7

 

 

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 8, 2022  
  LEAF HUA LI
   
  /s/ Leaf Hua Li
   
  LERA ULTIMATE LIMITED
   
  By: /s/ Ng Teck Wee Keith
    /s/ Goh Rong Sze Ginny
  Name: Ng Teck Wee Keith / Goh Rong Sze Ginny
    for and on behalf of Prudence Directors Limited
  Title: Director
     
  LERA INFINITY LIMITED
   
  By: /s/ Ng Teck Wee Keith
    /s/ Goh Rong Sze Ginny
  Name: Ng Teck Wee Keith / Goh Rong Sze Ginny
    for and on behalf of Prudence Directors Limited
  Title: Director

 

8