Statement of Ownership (sc 13g)
January 13 2023 - 06:05AM
Edgar (US Regulatory)
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13G
Under
the Securities Exchange Act of 1934
(Amendment No. )*
ATRenew Inc.
(Name of Issuer)
Ordinary shares, $0.001 par value per share
(Title of Class of Securities)
00138L 108**
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
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☐
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Rule 13d-1(b)
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☐
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Rule 13d-1(c)
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☒
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Rule 13d-1(d)
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* 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 00138L 108 has been assigned to the American
depositary shares (“ADS”) of the issuer, which are quoted on the
New York Stock Exchange under the symbol “RERE.” Every three ADSs
represent two Class A ordinary shares of the issuer. No CUSIP
number has been assigned to 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).
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CUSIP No. 00138L 108
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Page
1 of
5
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1
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Name of Reporting Person
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Kerry Xuefeng Chen
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2
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Check the Appropriate Box if a Member of a Group
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(a)
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(b)
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
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People’s Republic of China
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5
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Sole Voting Power
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16,268,071
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6
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Shared Voting Power
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0
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7
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Sole Dispositive Power
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16,268,071
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8
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Shared Dispositive Power
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0
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9
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Aggregate Amount Beneficially Owned by Each Reporting
Person
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16,268,071
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
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¨
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11
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Percent of Class Represented by Amount in Row
9
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10.6%(1)
*The voting power of the shares beneficially owned represent 42.9%
of the total outstanding voting power.
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12
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Type of Reporting Person
IN
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____________
Note:
(1) Calculated based on a total of 149,216,125 outstanding ordinary
shares (excluding (i) 4,466,059 Class A ordinary shares issued to
depositary bank for the purpose of bulk issuance; and (ii)
5,699,315 Class A ordinary shares underlying ADSs repurchased by
the Company) as of December 31, 2022.
* The percentage of voting power is calculated by dividing the
voting power beneficially owned by the Reporting Person by the
voting power of all of the Company’s outstanding Class A ordinary
shares (excluding Class A ordinary shares issued to depositary bank
for the purpose of bulk issuance and Class A ordinary shares
underlying ADSs repurchased by the Company), Class B ordinary
shares and Class C ordinary shares as a single class as of December
31, 2022.
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CUSIP No. 00138L 108
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Page
2 of
5
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1
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Name of Reporting Person
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C&XF Group Limited
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2
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Check the Appropriate Box if a Member of a Group
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(a)
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(b)
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
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British Virgin Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5
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Sole Voting Power
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11,287,336
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6
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Shared Voting Power
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0
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7
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Sole Dispositive Power
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11,287,336
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8
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Shared Dispositive Power
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0
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9
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Aggregate Amount Beneficially Owned by Each Reporting
Person
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11,287,336
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
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¨
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11
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Percent of Class Represented by Amount in Row
9
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7.6%(1)
*The voting power of the shares beneficially owned represent 42.1%
of the total outstanding voting power.
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12
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Type of Reporting Person
CO
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____________
Note:
(1) Calculated based on a total of 149,216,125 outstanding ordinary
shares (excluding (i) 4,466,059 Class A ordinary shares issued to
depositary bank for the purpose of bulk issuance; and (ii)
5,699,315 Class A ordinary shares underlying ADSs repurchased by
the Company) as of December 31, 2022.
* The percentage of voting power is calculated by dividing the
voting power beneficially owned by the Reporting Person by the
voting power of all of the Company’s outstanding Class A ordinary
shares (excluding Class A ordinary shares issued to depositary bank
for the purpose of bulk issuance and Class A ordinary shares
underlying ADSs repurchased by the Company), Class B ordinary
shares and Class C ordinary shares as a single class as of December
31, 2022.
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CUSIP No. 00138L 108
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Page
3 of
5
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Item 1(a).
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Name of Issuer:
ATRenew Inc. (the “Issuer”)
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
12th Floor, No. 6 Building, 433 Songhu Road, Shanghai, the People’s
Republic of China
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Item 2(a).
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Name of Person Filing:
Kerry Xuefeng Chen and C&XF Group Limited (collectively, the
“Reporting Persons”)
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Item 2(b).
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Address of Principal Business Office or, if none,
Residence: The
address of the Reporting Persons is c/o 12th Floor, No. 6 Building,
433 Songhu Road, Shanghai, the People’s Republic of
China
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Item 2(c)
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Citizenship:
Kerry Xuefeng Chen is a citizen of the People Republic of
China.
C&XF Group Limited is a British Virgin Islands company solely
owned by Kerry Xuefeng Chen.
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Item 2(d).
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Title of Class of Securities: Ordinary
shares, $0.001 par value per share
The Issuer’s ordinary shares consist of Class A ordinary shares,
Class B ordinary shares and Class C ordinary shares. Each holder of
Class A ordinary shares is entitled to one vote per share, each
holder of Class B ordinary shares is entitled to three votes per
share and each holder of Class C ordinary shares is entitled to
fifteen votes per share on all matters submitted to them for vote.
Class B ordinary shares and Class C 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
either Class B ordinary shares or Class C ordinary shares under any
circumstances.
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Item 2(e).
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CUSIP Number:
00138L 108
This CUSIP number applies to the American depositary shares of the
Issuer. Every three ADSs represent two Class A ordinary shares of
the issuer. No CUSIP number has been assigned to ordinary shares of
the issuer.
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Item 3.
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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:
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(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) [ ] A non-U.S. institution in accordance with §
240.13d-1(b)(1)(ii)(J);
(k) [ ] 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:
____
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Not applicable
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CUSIP No. 00138L 108
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Page
4 of
5
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Reporting Person
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Amount beneficially owned:
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Percent of class:
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Percent of aggregate voting power:
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Sole power to vote or direct
the vote:
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Shared power to vote or to direct the vote:
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Sole power to dispose or to direct the disposition of:
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Shared power to dispose or to direct the disposition of:
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Kerry Xuefeng Chen
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16,268,071(1)
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10.6%(2)
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42.9%(3)
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16,268,071(1)
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0
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16,268,071(1)
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0
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C&XF Group Limited
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11,287,336(4)
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7.6%(2)
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42.1%(3)
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11,287,336(4)
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0
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11,287,336(4)
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0
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____________
Notes:
(1)
Represents (i) 4,980,735 Class A ordinary shares Mr. Kerry Xuefeng
Chen has the right to acquire within 60 days after December 31,
2022, and (ii) 11,287,336 Class C ordinary shares held by C&XF
Group Limited, a limited liability company incorporated under the
laws of the British Virgin Islands. Mr. Kerry Xuefeng Chen is the
sole shareholder and the sole director of C&XF Group Limited.
Each holder of Class A ordinary shares is entitled to one vote per
share and each holder of Class C ordinary shares is entitled to
fifteen votes per share on all matters submitted to them for vote.
Class C 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 C ordinary shares
under any circumstances.
(2)
The percentage of class of securities beneficially owned by each
Reporting Person is based on a total of 149,216,125 outstanding
ordinary shares of the Issuer as of December 31, 2022 (being the
sum of (i) 90,688,686 Class A ordinary shares, which excluded (a)
4,466,059 Class A ordinary shares issued to depositary bank for the
purpose of bulk issuance; and (b) 5,699,315 Class A ordinary shares
underlying ADSs repurchased by the Company), (ii) 47,240,103 Class
B ordinary shares, and (iii) 11,287,336 Class C ordinary
shares).
(3)
For each Reporting Person, percentage of aggregate voting power is
calculated by dividing the voting power beneficially owned by such
Reporting Person by the voting power of all of the issuer’s Class A
ordinary shares, Class B ordinary shares and Class C ordinary
shares as a single class. Each holder of Class A ordinary shares is
entitled to one vote per share, each holder of Class B ordinary
shares is entitled to three votes per share, and each holder of
Class C ordinary shares is entitled to fifteen votes per share on
all matters submitted to them for vote. Class B ordinary shares and
Class C 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 either Class B ordinary
shares or Class C ordinary shares under any
circumstances.
(4)
Represents 11,287,336 Class C ordinary shares directly held by
C&XF Group Limited. Class C 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 C ordinary shares under any circumstances.
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Item 5.
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Ownership of Five Percent or Less of a Class:
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Not applicable
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Item 6.
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Ownership of More than Five Percent on Behalf of Another
Person:
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Not applicable
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Controlling Person:
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Not applicable
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Item 8.
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Identification and Classification of Members of the
Group:
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Not applicable
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CUSIP No. 00138L 108
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Page
5 of
5
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Item 9.
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Notice of Dissolution of Group:
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Not applicable
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Item 10.
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Certifications:
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Not applicable
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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: January 13, 2023
KERRY XUEFENG CHEN
/s/ Kerry Xuefeng Chen
C&XF GROUP LIMITED
By:
/s/ Kerry Xuefeng Chen
Name:Kerry Xuefeng Chen
Title:Director
LIST OF EXHIBITS
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Exhibit No.
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Description
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A
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Joint Filing Agreement
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EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to
the joint filing with all other Reporting Persons (as such term is
defined in the Schedule 13G referred to below) on behalf of each of
them of a statement on Schedule 13G (including amendments thereto)
with respect to the ordinary shares, par value of $0.001 per share,
of ATRenew Inc., a Cayman Islands company, and that this Agreement
may be included as an Exhibit to such joint filing. This Agreement
may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement
as of January 13, 2023.
KERRY XUEFENG CHEN
/s/ Kerry Xuefeng Chen
C&XF GROUP LIMITED
By:
/s/ Kerry Xuefeng Chen
Name:Kerry Xuefeng Chen
Title:Director
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