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. __)*
Burning Rock Biotech Limited
(Name of Issuer)
Class A Ordinary Shares, par value US$0.0002 per share
(Titles of Class of Securities)
G17173 108**
(CUSIP Number)
December 31, 2020
(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 of 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 in 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, as amended (the “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).
** This CUSIP number applies to the Class A ordinary shares (“Class A Ordinary Shares”) of Burning Rock Biotech Limited (the “Issuer”). CUSIP number 12233L 107 applies to the American Depositary Shares (“ADSs”) of the Issuer, each ADS representing one Class A Ordinary Share.
| CUSIP No. G17173 108 | 13G | Page 2 of 10 |
| 1 |
NAME OF REPORTING PERSON
Legend Holdings Corporation |
| 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 5,321,180 | |
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | |
| 8 | SHARED DISPOSITIVE POWER 5,321,180 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,321,180 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.2%* |
| 12 |
TYPE OF REPORTING PERSON
|
| * | Calculated based on the number in Row 9 above divided by 86,479,686, being the total number of Class A Ordinary Shares, reported as outstanding immediately following the Issuer’s offering in its prospectus on Form 424B4 filed with the Securities and Exchange Commission (the “SEC”) on December 4, 2020. |
| CUSIP No. G17173 108 | 13G | Page 3 of 10 |
| 1 |
NAME OF REPORTING PERSON
Right Lane 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 Hong Kong |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER - 0 - |
| 6 | SHARED VOTING POWER 5,321,180 | |
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | |
| 8 | SHARED DISPOSITIVE POWER 5,321,180 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,321,180 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.2%* |
| 12 |
TYPE OF REPORTING PERSON
|
| * | Calculated based on the number in Row 9 above divided by 86,479,686, being the total number of Class A Ordinary Shares, reported as outstanding immediately following the Issuer’s offering in its prospectus on Form 424B4 filed with the SEC on December 4, 2020. |
| CUSIP No. G17173 108 | 13G | Page 4 of 10 |
| 1 |
NAME OF REPORTING PERSONS Cheer Elite Holdings 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 5,321,180 | |
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | |
| 8 | SHARED DISPOSITIVE POWER 5,321,180 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,321,180 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.2%* |
| 12 |
TYPE OF REPORTING PERSON
|
| * | Calculated based on the number in Row 9 above divided by 86,479,686, being the total number of Class A Ordinary Shares, reported as outstanding immediately following the Issuer’s offering in its prospectus on Form 424B4 filed with the SEC on December 4, 2020. |
| CUSIP No. G17173 108 | 13G | Page 5 of 10 |
| 1 |
NAME OF REPORTING PERSONS Crest Top Developments 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 5,321,180 | |
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | |
| 8 | SHARED DISPOSITIVE POWER 5,321,180 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,321,180 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.2%* |
| 12 |
TYPE OF REPORTING PERSON
|
| * | Calculated based on the number in Row 9 above divided by 86,479,686, being the total number of Class A Ordinary Shares, reported as outstanding immediately following the Issuer’s offering in its prospectus on Form 424B4 filed with the SEC on December 4, 2020. |
| Item 1(a). | Name of Issuer: |
Burning Rock Biotech Limited
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
601, 6/F, Building 3, Standard Industrial Unit 2
No. 7, Luoxuan 4th Road
International Bio Island, Guangzhou, 510005
People’s Republic of China
| Item 2(a). | Name of Person Filing: |
Legend Holdings Corporation
Right Lane Limited
Cheer Elite Holdings Limited
Crest Top Developments Limited
(each, a “Reporting Person” and, collectively, “Reporting Persons”)
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
The principal business address of Legend Holdings Corporation is as follows:
B-17, Raycom Info Tech Park
No. 2, Ke Xue Yuan Nanlu
Haidian District
Beijing 100190, P.R. China
The principal business address of each of Right Lane Limited, Cheer Elite Holdings Limited and Crest Top Developments Limited is as follows:
Suite 06, 70/F Two International Finance Centre
No. 8 Finance Street
Central, Hong Kong
| Item 2(c). | Citizenship: |
People’s Republic of China:
Legend Holdings Corporation
Hong Kong:
Right Lane Limited
British Virgin Islands:
Cheer Elite Holdings Limited
Crest Top Developments Limited
| Item 2(d). | Titles of Classes of Securities: |
Class A Ordinary Shares, par value US$0.0002 per share
Page 6 of 10
| Item 2(e). | CUSIP Number: |
G17173 108*
| * | This CUSIP number applies to the Class A Ordinary Shares of the Issuer. CUSIP number 12233L 107 applies to the ADSs of the Issuer, each ADS representing one Class A Ordinary Share. |
| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n): |
| (a) | o Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). |
| (c) | o Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). |
| (d) | o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
| (e) | o Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). |
| (f) | o Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). |
| (g) | o Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). |
| (h) | o Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (13 U.S.C. 1813). |
| (i) | o | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3). |
| (j) | o Non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J). |
| (k) | o Group in accordance with §240.13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: ______________
Page 7 of 10
| Item 4. | Ownership |
The following information with respect to the beneficial ownership of the Issuer’s Class A Ordinary Shares by each of the Reporting Persons is presented as of December 31, 2020:
| (c)
Number of shares as to which the person has: | ||||||||||||||||||||||||
| Reporting Person | (a) Amount beneficially owned(1): | (b) Percent of class(2): | (i) Sole power to vote or to direct the vote | (ii) Shared power to vote or to direct the vote(1) | (iii) Sole power to dispose or to direct the disposition of | (iv) Shared power to dispose or direct the disposition of(1) | ||||||||||||||||||
| Legend Holdings Corporation | 5,321,180 | 6.2 | % | 0 | 5,321,180 | 0 | 5,321,180 | |||||||||||||||||
| Right Lane Limited | 5,321,180 | 6.2 | % | 0 | 5,321,180 | 0 | 5,321,180 | |||||||||||||||||
| Cheer Elite Holdings Limited | 5,321,180 | 6.2 | % | 0 | 5,321,180 | 0 | 5,321,180 | |||||||||||||||||
| Crest Top Developments Limited | 5,321,180 | 6.2 | % | 0 | 5,321,180 | 0 | 5,321,180 | |||||||||||||||||
| (1) | Crest Top Developments Limited, a limited liability company incorporated under the laws of the British Virgin Islands, directly holds 5,321,180 Class A Ordinary Shares. |
Crest Top Developments Limited is wholly owned by Cheer Elite Holdings Limited, a limited liability company incorporated under the laws of the British Virgin Islands, which is wholly owned by Right Lane Limited, a Hong Kong private company limited by shares, which is wholly owned by Legend Holdings Corporation, a company incorporated under the laws of the People’s Republic of China and listed on the Stock Exchange of Hong Kong.
| (2) | Calculated based on the number of Class A Ordinary Shares beneficially owned by each of the Reporting Persons as of December 31, 2020, divided by 86,479,686, being the total number of Class A Ordinary Shares, reported as outstanding immediately following the Issuer’s offering in its prospectus on Form 424B4 filed with the SEC on December 4, 2020. |
| 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 o.
| 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. | Certification. |
Not Applicable.
Page 8 of 10
Exhibit Index
Exhibit No. |
Description | |
| 99.1 | Joint Filing Agreement |
Page 9 of 10
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 9, 2021
| Legend Holdings Corporation | ||
| By: | /s/ Min Ning | |
| Name: | Min Ning | |
| Title: | Director | |
| Right Lane Limited | ||
| By: | /s/ Min Ning | |
| Name: | Min Ning | |
| Title: | Director | |
| Cheer Elite Holdings Limited | ||
| By: | /s/ Min Ning | |
| Name: | Min Ning | |
| Title: | Director | |
| Crest Top Developments Limited | ||
| By: | /s/ Min Ning | |
| Name: | Min Ning | |
| Title: | Director | |
Page 10 of 10