Sec Form 13G Filing - Fortune Eight Jogging Ltd filing for I-MAB SPONSORED ADS (IMAB) - 2021-07-19

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. 1)*

 

 

I-MAB

(Name of Issuer)

Ordinary Shares, par value $0.00011

(Title of Class of Securities)

44975P 1032

(CUSIP Number)

July 19, 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)

☒ 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).

 

 

1

Some of the holdings reported herein are in the form of American Depositary Shares (“ADS”), which may be exchanged for ordinary shares of the Issuer, par value $0.0001 (“Ordinary Shares”) at a 10:23 ratio.

2

The CUSIP Number listed throughout this filing is the CUSIP assigned to the ADS of the Issuer.

 

 

 


CUSIP No. 44975P 103    13G   

 

  1.    

  Name of Reporting Persons:

 

  Fortune Eight Jogging Limited

  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

 

  0

   6.   

  Shared Voting Power

 

  8,301,555

   7.   

  Sole Dispositive Power

 

  0

   8.   

  Shared Dispositive Power

 

  8,301,555

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,301,555 Ordinary Shares3

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  4.69%4

12.  

  Type of Reporting Person (See Instructions):

 

  CO

 

3 

See Item 4 of this Statement for more information.

4 

This percentage is calculated based on 176,907,702 Ordinary Shares outstanding as of June 21, 2021 (excluding 2,175,242 ordinary shares issued to depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercising or vesting of awards granted under I-Mab’s share incentive plans).


CUSIP No. 44975P 103    13G   

 

  1.    

  Name of Reporting Persons:

 

  Hony Hongling (Shanghai) Investment Center

  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

 

  0

   6.   

  Shared Voting Power

 

  8,301,5555

   7.   

  Sole Dispositive Power

 

  0

   8.   

  Shared Dispositive Power

 

  8,301,555

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,301,555 Ordinary 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)

 

  4.69%6

12.  

  Type of Reporting Person (See Instructions):

 

  PN

 

5 

See Item 4 of this Statement for more information.

6 

This percentage is calculated based on 176,907,702 Ordinary Shares outstanding as of June 21, 2021 (excluding 2,175,242 ordinary shares issued to depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercising or vesting of awards granted under I-Mab’s share incentive plans).


CUSIP No. 44975P 103    13G   

 

  1.    

  Name of Reporting Persons:

 

  Hony Investment (Shanghai) Limited

  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

 

  0

   6.   

  Shared Voting Power

 

  8,301,555

   7.   

  Sole Dispositive Power

 

  0

   8.   

  Shared Dispositive Power

 

  8,301,555

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,301,555 Ordinary Shares7

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  4.69%8

12.  

  Type of Reporting Person (See Instructions):

 

  CO

 

7 

See Item 4 of this Statement for more information.

8 

This percentage is calculated based on 176,907,702 Ordinary Shares outstanding as of June 21, 2021 (excluding 2,175,242 ordinary shares issued to depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercising or vesting of awards granted under I-Mab’s share incentive plans).


< center>
CUSIP No. 44975P 103    13G   

 

  1.    

  Name of Reporting Persons:

 

  Beijing Hony Hezhong Enterprise Management Limited

  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

 

  0

   6.   

  Shared Voting Power

 

  8,301,555

   7.   

  Sole Dispositive Power

 

  0

   8.   

  Shared Dispositive Power

 

  8,301,555

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,301,555 Ordinary Shares9

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  4.69%10

12.  

  Type of Reporting Person (See Instructions):

 

  CO

 

9 

See Item 4 of this Statement for more information.

10 

This percentage is calculated based on 176,907,702 Ordinary Shares outstanding as of June 21, 2021 (excluding 2,175,242 ordinary shares issued to depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercising or vesting of awards granted under I-Mab’s share incentive plans).


Item 1.

 

  (a)

Name of Issuer

I-MAB (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices

Suite 802, West Tower, OmniVision

88 Shangke Road, Pudong District

Shanghai, 201210

People’s Republic of China

 

Item 2.

 

  (a)

Name of Person Filing

The information required by Item 2(a) is set forth in Row 1 of each Cover Page and is incorporated herein by reference.

 

  (b)

Address of the Principal Office or, if none, Residence

Fortune Eight Jogging Limited

Suite 06-11, 70/F Two International Finance Centre, No. 8 Finance Street, Central, Hong Kong

Hony Hongling (Shanghai) Investment Center

5/F Somekh Building, 149 Yuanmingyuan Road, Huangpu District, Shanghai 200002, China

Hony Investment (Shanghai) Limited

5/F Somekh Building, 149 Yuanmingyuan Road, Huangpu District, Shanghai 200002, China

Beijing Hony Hezhong Enterprise Management Limited

6/F, South Tower C, Raycom InfoTech Park, 2 Kexueyuan Nanlu, Haidian District, Beijing 100190, China

 

  (c)

Citizenship

The information required by Item 2(c) is set forth in Row 4 of each Cover Page and is incorporated herein by reference.

 

  (d)

Title of Class of Securities

Ordinary Shares, par value $0.0001

 

  (e)

CUSIP Number

44975P 103

 

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:

 

   (a)       Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
   (b)       Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
   (c)       Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
   (d)       Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).


   (e)       An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
   (f)       An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
   (g)       A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
   (h)       A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
   (i)       A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
   (j)       Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

 

Item 4.

Ownership.

The information required by Items 4(a)-(c) is set forth in Rows 5-11 of each Cover Page and is incorporated herein by reference.

The securities reported in this Statement are held directly held by Fortune Eight Jogging Limited. Fortune Eight Jogging Limited is wholly-owned by Hony Hongling (Shanghai) Investment Center, whose general partner is Hony Investment (Shanghai) Limited. The sole shareholder of Hony Investment (Shanghai) Limited is Beijing Hony Hezhong Enterprise Management Limited. Each of Yonggang Cao, Minsheng Xu and Wen Zhao holds 33.3% equity interests in Beijing Hony Hezhong Enterprise Management Limited.

Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by any of the Reporting Persons that they have formed a group.

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

 

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  ☒.

Instruction. Dissolution of a group requires a response to this item.

 

Item 6.

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

N/A

 

Item 7.

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

N/A

 

Item 8.

Identification and Classification of Members of the Group.

N/A


Item 9.

Notice of Dissolution of Group.

N/A

 

Item 10.

Certification.

N/A

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: July 19, 2021

 

Fortune Eight Jogging Limited
By:  

/s/ Bing Yuan

Name:   Bing Yuan
Title:   Director

 

Hony Hongling (Shanghai) Investment Center
By:  

/s/ Yonggang Cao

Name:   Yonggang Cao
Title:   Authorized Signatory

 

Hony Investment (Shanghai) Limited
By:  

/s/ Yonggang Cao

Name:   Yonggang Cao
Title:   Authorized Signatory

 

Beijing Hony Hezhong Enterprise Management Limited
By:  

/s/ Yonggang Cao

Name:   Yonggang Cao
Title:   Authorized Signatory


EXHIBIT INDEX

 

Exhibit No.

  

Description

Exhibit A    Joint Filing Agreement, dated July 19, 2021 by and between Fortune Eight Jogging Limited, Hony Hongling (Shanghai) Investment Center, Hony Investment (Shanghai) Limited and Beijing Hony Hezhong Enterprise Management Limited.