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

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.

Names of Reporting Persons

Shaojie Chen

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

SEC Use Only

Citizenship or Place of Organization

People’s Republic of China

Number of

Shares

    Beneficially    

Owned by

Each

Reporting

Person

With

Sole Voting Power

278,177 ordinary shares⁽¹⁾

Shared Voting Power

4,244,395 ordinary shares⁽²⁾

Sole Dispositive Power

278,177 ordinary shares⁽¹⁾

Shared Dispositive Power

4,244,395 ordinary shares⁽²⁾

Aggregate Amount Beneficially Owned by Each Reporting Person

4,522,512 ordinary shares ⁽³⁾

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

Percent of Class Represented by Amount in Row (9)

13.9% ⁽⁴⁾

Type of Reporting Person

IN

Represents 278,177 ordinary shares which Mr. Shaojie Chen has the right to acquire within 60 days after December 31, 2019, including (i) 198,655 ordinary shares held through Douyu Employees Limited for the benefit of Mr. Chen, which correspond to the restricted share units (“RSUs”) issued to Mr. Chen under the DouYu International Holdings Limited Amended and Restated Restricted Share Unit Scheme (the “Amended and Restated 2018 RSU Scheme”) that have vested as of December 31, 2019; and (ii) 79,462 ordinary shares underlying the RSUs granted to Mr. Chen under the Amended and Restated 2018 RSU Scheme, which will become vested within 60 days after December 31, 2019. Douyu Employees Limited is an exempted company incorporated in the Cayman Islands that administers the ordinary shares issued to it in trust for the benefit of certain of the Issuer’s employees before the corresponding RSUs are vested and acts according to the Amended and Restated 2018 RSU Scheme and the governing trust deed.

Represents 4,244,395 ordinary shares held by Warrior Ace Holding Limited, a British Virgin Islands company wholly owned by Mr. Shaojie Chen.

Represents (i) 4,244,395 ordinary shares held by Warrior Ace Holding Limited, a British Virgin Islands company wholly owned by Shaojie Chen, (ii) 198,655 ordinary shares held through Douyu Employees Limited for the benefit of Mr. Chen, which correspond to the RSUs issued to Mr. Chen under the Amended and Restated 2018 RSU Scheme that have vested as of December 31, 2019; and (iii) 79,462 ordinary shares underlying the RSUs granted to Mr. Chen under the Amended and Restated 2018 RSU Scheme, which will become vested within 60 days after December 31, 2019.

Calculated based on 32,460,612 ordinary shares issued and outstanding as of December 31, 2019, and 79,462 ordinary shares corresponding to RSUs granted to Mr. Chen that will become vested within 60 days after December 31, 2019.

Names of Reporting Persons

Warrior Ace Holding Limited

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

SEC Use Only

Citizenship or Place of Organization

British Virgin Islands

Number of

Shares

    Beneficially    

Owned by

Each

Reporting
Person

With

Sole Voting Power

0

Shared Voting Power

4,244,395 ordinary shares⁽¹⁾

Sole Dispositive Power

0

8.

Shared Dispositive Power

4,244,395 ordinary shares⁽¹⁾

Aggregate Amount Beneficially Owned by Each Reporting Person

4,244,395 ordinary shares ⁽¹⁾

Check Box if the Aggregate Amount In Row (9) Excludes Certain Shares  ☐

Percent of Class Represented By Amount in Row (9)

13.1% ⁽²⁾

Type of Reporting Person

CO

Represents 4,244,395 ordinary shares held by Warrior Ace Holding Limited, a British Virgin Islands company wholly owned by Mr. Shaojie Chen.

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

Name of Issuer:

Address of Issuer’s Principal Executive Offices:

Name of Person Filing:

Address of Principal Business Office or, if none, Residence:

Citizenship:

Title of Class of Securities:

CUSIP Number:

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c):

Ownership.

Reporting Person

Shaojie Chen

Warrior Ace Holding Limited

The percentage of class of securities beneficially owned by Shaojie Chen is based on a total of 32,460,612 ordinary shares of the Issuer issued and outstanding as of December 31, 2019, and 79, 462 ordinary shares corresponding to RSUs granted to Mr. Chen that will become vested within 60 days after December 31, 2019.

The percentage of class of securities beneficially owned by Warrior Ace Holding Limited is based on a total of 32,460,612 ordinary shares of the Issuer issued and outstanding as of December 31, 2019.

Ownership of Five Percent or Less of a Class.

Ownership of More than Five Percent on Behalf of Another Person.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Identification and Classification of Members of the Group.

Notice of Dissolution of Group.

Certifications.

Exhibit
No.

Description