Sec Form 13G Filing - Phoenix Fuju Ltd filing for DouYu International Holdings Ltd (DOYU) - 2020-02-14

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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UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 


 

SCHEDULE 13G

 

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

 

DouYu International Holdings Limited

(Name of Issuer)

Ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

25985W105**

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o

Rule 13d-1(b)

o

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.

 

** There is no CUSIP number assigned to the ordinary shares. CUSIP number 25985W105 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on NASDAQ Stock Market under the symbol “DOYU.” Every ten ADSs represent one ordinary share, par value US$0.0001 per share.

 

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. 25985W105

 

1.  

Names of Reporting Persons
Phoenix Fuju Limited

 

2.  

Check the Appropriate Box if a Member of a Group

 

(a)   o    

(b)   o

 

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
0

6.

Shared Voting Power
1,806,049 ordinary shares(1)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
1,806,049 ordinary shares(1)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,806,049 ordinary shares(1)

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

 

 

11.

Percent of Class Represented by Amount in Row (9)

5.6% (2)

 

12.

Type of Reporting Person

CO

 

 


(1) Represents 1,806,049 ordinary shares held by Phoenix Fuju Limited, a British Virgin Islands company beneficially owned and controlled by Yijun Wang.

 

(2) Calculated based on 32,460,612 ordinary shares issued and outstanding as of December 31, 2019.

 

2


 

CUSIP No. 25985W105

 

1.  

Names of Reporting Persons
Yijun Wang

 

2.  

Check the Appropriate Box if a Member of a Group

 

(a)   o    

(b)   o

 

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
0

6.

Shared Voting Power
1,806,049 ordinary shares(1)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
1,806,049 ordinary shares(1)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,806,049 ordinary shares(1)

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

 

 

11.

Percent of Class Represented by Amount in Row (9)

5.6% (2)

 

12.

Type of Reporting Person

IN

 

 


(1) Represents 1,806,049 ordinary shares held by Phoenix Fuju Limited, a British Virgin Islands company beneficially owned and controlled by Yijun Wang.

 

(2) Calculated based on 32,460,612 ordinary shares issued and outstanding as of December 31, 2019.

 

3


 

Item 1(a).                  Name of Issuer:

 

DouYu International Holdings Limited (the “Issuer”)

 

 

Item 1(b).                  Address of Issuer’s Principal Executive Offices:

 

20/F, Building A, New Development International Center, No. 473 Guanshan Avenue, Hongshan District, Wuhan, Hubei Province, The People’s Republic of China

 

 

Item 2(a).                  Name of Person Filing:

 

Phoenix Fuju Limited

Yijun Wang

(collectively, the “Reporting Persons”)

 

 

Item 2(b).                  Address of Principal Business Office or, if none, Residence:

 

Phoenix Fuju Limited

30 de Castro Street, Wickhams Cay 1, P.O. Box 4519, Road Town, Tortola, British Virgin Islands

 

Yijun Wang

55/F, Kingkey Riverfront Times Building, Binhe Avenue, Futian District, Shenzhen, Guangdong Province, the People’s Republic of China

 

 

Item 2(c).                   Citizenship:

 

Phoenix Fuju Limited: British Virgin Islands

Yijun Wang: People’s Republic of China

 

Item 2(d).                  Title of Class of Securities:

 

Ordinary shares, par value US$0.0001 per share

 

 

Item 2(e).                   CUSIP Number:

 

CUSIP number 25985W105 has been assigned to the American depositary shares (“ADSs”) of the Issuer, ten of which represent one ordinary share, par value $0.0001 per share.

 

 

Item 3.                       If this statement is filed pursuant to rule 13d-1(b), or 13d-2(b) or (c):

 

Not applicable.

 

4


 

Item 4.                     Ownership.

 

The following information with respect to the ownership of the ordinary shares of par value of US$0.0001 per share of the Issuer by each of the Reporting Persons is provided as of December 31, 2019:

 

Reporting Person

 

Amount
beneficially
owned:

 

Percent
of class:

 

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:

 

Percent of
Aggregate
voting
power:

 

Phoenix Fuju Limited

 

1,806,049

 

5.6

%(1)

0

 

1,806,049

 

0

 

1,806,049

 

5.6

%

Yijun Wang

 

1,806,049

 

5.6

% (2)

0

 

1,806,049

 

0

 

1,806,049

 

5.6

%

 


(1) The percentage of class of securities beneficially owned by Phoenix Fuju Limited is based on a total of 32,460,612 ordinary shares of the Issuer issued and outstanding as of December 31, 2019.

 

(2)  The percentage of class of securities beneficially owned by Yijun Wang is based on a total of 32,460,612 ordinary shares of the Issuer issued and outstanding as of December 31, 2019.

 

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.              Certifications.

 

Not applicable.

 

5


 

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, 2020

 

 

Phoenix Fuju Limited

 

 

 

 

 

By:

/s/ Yijun Wang

 

 

Name: Yijun Wang

 

 

Title: Director

 

 

 

 

By:

/s/ Xiaonan Fu

 

 

Name: Xiaonan Fu

 

 

Title: Director

 

 

 

 

 

 

 

Yijun Wang

 

 

 

 

 

By:

/s/ Yijun Wang

 

 

Name: Yijun Wang

 

6


 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

1

 

Joint Filing Agreement

 

 

7