Amended Statement of Beneficial Ownership (sc 13d/a)
September 29 2021 - 6:05AM
Edgar (US Regulatory)
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13D
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Under the Securities Exchange Act of 1934
(Amendment No. 8)*
LightInTheBox Holding Co., Ltd.
(Name of Issuer)
Ordinary shares, par value US$0.000067 per
share**
American Depositary Shares
(Title of Class of Securities)
53225G102***
(CUSIP Number)
Mr. Zhu Guohui
Chief Financial Officer
Zall Smart Commerce Group Ltd.
Suite 2101, 21st Floor, Two Exchange Square
Central, Hong Kong
852-3153-5809
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With copies to:
Ning Zhang, Esq.
Morgan, Lewis & Bockius LLP
Beijing Kerry Centre South Tower, Suite 823
8th
Floor, No. 1 Guang Hua Road, Chaoyang District
Beijing, 100020
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David A. Sirignano, Esq.
Morgan, Lewis & Bockius, LLP
1111 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
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September 28, 2021
(Date of Event Which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for
other parties to whom copies are to be sent.
* 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.
** Not for trading, but in connection with the registration
of the American Depositary Shares, each representing two ordinary shares.
*** CUSIP Number of the American Depositary Shares.
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. 53225G102
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13D/A
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1
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Name of Reporting Person
I.R.S. Identification of Above Person
Zall Development (HK) Holding Company 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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¨
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(b)
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x
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3
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SEC Use Only
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4
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Source of Funds
AF
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5
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
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6
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Citizenship or Place of Organization
Hong Kong
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared Voting Power
11,034,126
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
11,034,126
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
11,034,126
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12
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares x
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13
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Percent of Class Represented by Amount in Row (11)
4.9%
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14
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Type of Reporting Person
CO
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CUSIP
No. 53225G102
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13D/A
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1
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Name of Reporting Person
I.R.S. Identification of Above Person
Zall Cross-border E-commerce Investment Company 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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¨
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(b)
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x
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3
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SEC Use Only
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4
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Source of Funds
AF
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5
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
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6
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Citizenship or Place of Organization
British Virgin Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared Voting Power
42,500,000
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
42,500,000
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
42,500,000
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12
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares x
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13
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Percent of Class Represented by Amount in Row (11)
19.0%
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14
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Type of Reporting Person
CO
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CUSIP No. 53225G102
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13D/A
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1
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Name of Reporting Person
I.R.S. Identification of Above Person
Zall Development (BVI) Holding Company 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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¨
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(b)
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x
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3
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SEC Use Only
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4
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Source of Funds
WC
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5
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
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6
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Citizenship or Place of Organization
British Virgin Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared Voting Power
53,534,126
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
53,534,126
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
53,534,126
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12
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o
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13
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Percent of Class Represented by Amount in Row (11)
23.9%
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14
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Type of Reporting Person
CO
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CUSIP No. 53225G102
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13D/A
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1
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Name of Reporting Person
I.R.S. Identification of Above Person
Zall Smart Commerce Group Ltd.
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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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¨
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(b)
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x
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3
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SEC Use Only
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4
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Source of Funds
AF
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5
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
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6
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Citizenship or Place of Organization
Cayman Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared Voting Power
53,534,126
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
53,534,126
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
53,534,126
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12
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o
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13
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Percent of Class Represented by Amount in Row (11)
23.9%
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14
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Type of Reporting Person
HC
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CUSIP
No. 53225G102
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13D/A
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1
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Name of Reporting Person
I.R.S. Identification of Above Person
Zall Development Investment Company 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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¨
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(b)
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x
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3
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SEC Use Only
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4
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Source of Funds
AF and BK
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5
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
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6
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Citizenship or Place of Organization
British Virgin Islands
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared Voting Power
53,534,126
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
53,534,126
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
53,534,126
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12
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
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13
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Percent of Class Represented by Amount in Row (11)
23.9%
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14
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Type of Reporting Person
CO
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CUSIP No. 53225G102
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13D/A
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1
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Name of Reporting Person
I.R.S. Identification of Above Person
Yan Zhi
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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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¨
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(b)
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x
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3
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SEC Use Only
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4
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Source of Funds
AF
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5
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
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6
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Citizenship or Place of Organization
People’s Republic of China (“PRC”)
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared Voting Power
53,534,126
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
53,534,126
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
53,534,126
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12
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
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13
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Percent of Class Represented by Amount in Row (11)
23.9%
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14
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Type of Reporting Person
IN
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CUSIP No. 53225G102
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13D/A
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Item 1. Security and Issuer.
This Amendment No. 8 to the statement on
Schedule 13D (this “Amendment”) relates to Ordinary Shares of LightInTheBox Holding Co., Ltd., a company incorporated
in the Cayman Islands (the “Issuer”). Two Ordinary Shares of the Issuer are represented by one American depositary
share (“ADS”). The Issuer’s principal executive offices are located at Floor 5, Building 2, Yaxin Science &
Tech Park, No.399 Shengxia Road, Pudong New Area, Shanghai, 201203 People’s Republic of China.
This Amendment supplements and amends the statement
on Schedule 13D filed on April 11, 2016, amendment No. 1 filed thereto on October 21, 2016, amendment No. 2 filed
thereto on March 30, 2017, amendment No. 3 filed thereto on May 9, 2017, amendment No. 4 filed on July 3, 2018,
amendment No. 5 filed on November 13, 2018, amendment No. 6 filed on December 21, 2018, and amendment No. 7 filed
on December 28, 2018 (as amended, the “Initial Statement”). Capitalized terms used in this Amendment, but not
otherwise defined, have the meanings given to them in the Initial Statement.
Other than as amended by this Amendment, the disclosures
in the Initial Statement are unchanged. Responses to each item of this Amendment are incorporated by reference into the response
to each other item, as applicable.
Item 4. Purpose of Transaction.
Item 4 of the Initial Statement is hereby amended and supplemented
by adding the following as the second paragraph under the heading “Further Matters”:
On September 28, 2021, Investment, E-commerce, and Zall Development
(HK) Holding Company Limited (“Zall HK”) entered into the Sale and Purchase Agreement, as described in greater detail
in Item 6 below.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Initial Statement is hereby amended
and restated with the following:
Each of the Reporting Persons disclaims beneficial
ownership of all of the shares of Common Stock included in this report that are held by other Reporting Persons, and the filing of this
report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes
of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(a) See the information contained on the
cover pages of this amended Statement on Schedule 13D, which is incorporated by reference. The percentage of Ordinary Shares reported
as beneficially owned by each Reporting Person is based upon the 224,038,611 Ordinary Shares outstanding as of December 31,
2020 as reported in the Issuer’s annual report filed with the U.S. Securities and Exchange Commission on a Form 20-F dated
April 21, 2021.
(b) See the information contained on the
cover pages of this amended Statement on Schedule 13D, which is incorporated by reference.
(c) Since the most recent filing, Zall HK
has sold 830,048 ADSs representing 1,660,096 Ordinary Shares through multiple open market transactions at prices ranging from $2.00 to
$3.38 per ADS, with a weighted average price of $2.55 per ADS.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
Item 6 of the Initial Statement is hereby amended and supplemented
with the following:
On September 28, 2021, Investment, E-commerce,
and Zall HK entered into a Sale and Purchase Agreement in relation to sale of 50,000,000 shares of the Issuer (as may be amended and supplemented
from time to time, the “Sale and Purchase Agreement”), pursuant to which E-commerce agreed to sell 42,500,000 Ordinary
Shares to Investment, and Zall HK agreed to sell 7,500,000 Ordinary Shares to Investment, for the aggregate consideration of US$45,500,000.00,
in each case subject to the terms and conditions of the Sale and Purchase Agreement. The closing of the transaction under the Sale and
Purchase Agreement is subject to customary closing conditions contained in the Sale and Purchase Agreement, and shall take place on a
date falling on or before the last day of the third month upon the last closing condition having been fulfilled.
References to the Share Purchase Agreement in
this Amendment are qualified in their entirety by the Share Purchase Agreement, which is attached hereto as Exhibit 3, and is incorporated
herein by reference in their entirety.
Item 7. Material to be Filed as Exhibits.
Item 7 of the Initial Statement is hereby amended and supplemented
as follows:
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.
Date:
September 29, 2021
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Zall Development (HK) Holding Company Limited
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By:
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/s/ Yan Zhi
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Name: Yan Zhi
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Title: Director
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Zall Cross-border E-commerce Investment Company Limited
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By:
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/s/ Yan Zhi
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Name: Yan Zhi
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Title: Director
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Zall Development (BVI) Holding Company Limited
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By:
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/s/ Yan Zhi
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Name: Yan Zhi
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Title: Director
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Zall Smart Commerce Group Ltd.
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By:
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/s/ Yan Zhi
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Name: Yan Zhi
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Title: Director
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Zall Development Investment Company Limited
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By:
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/s/ Yan Zhi
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Name: Yan Zhi
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Title: Director
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/s/ Yan Zhi
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Name: Yan Zhi
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