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.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under
the Securities Exchange Act of 1934
| Puyi Inc. |
| (Name of Issuer) |
| Ordinary Shares, par value $0.001 per share |
| (Title of Class of Securities) |
| 69373Y109 |
| (CUSIP Number) |
| September 8, 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:
| ☐ | 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 the 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 (“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).
(Continued on following pages)
CUSIP NO.: 69373Y109
| (1) | NAME OF REPORTING PERSONS
Yang Lin |
| (2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐ |
| (3) | SEC USE ONLY
|
| (4) | CITIZENSHIP OR PLACE OF ORGANIZATION
St. Kitts and Nevis |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
(5) |
SOLE VOTING POWER
8,916,669. See Item 4. |
| (6) |
SHARED VOTING POWER
0 | |
| (7) |
SOLE DISPOSITIVE POWER
0. See Item 4. | |
| (8) |
SHARED DISPOSITIVE POWER
0 |
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,916,669 |
| (10) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%. See Item 4. |
| (12) | TYPE OF REPORTING PERSON
IN |
2
CUSIP NO.: 69373Y109
| (1) | NAME OF REPORTING PERSONS
Winter Dazzle Limited |
| (2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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. See Item 4. |
| (6) |
SHARED VOTING POWER
0 | |
| (7) |
SOLE DISPOSITIVE POWER
8,916,669. See Item 4. | |
| (8) |
SHARED DISPOSITIVE POWER
0 |
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,916,669 |
| (10) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%. See Item 4. |
| (12) | TYPE OF REPORTING PERSON
CO |
3
| Item 1(a). | Name of Issuer: |
Puyi Inc. (the “Issuer”)
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
61F, Pearl River Tower No. 15 Zhujiang West Road, Zhujiang New Town, Tianhe,
Guangzhou, Guangdong Province, 510620, People’s Republic of China
| Item 2(a). | Name of Person Filing: |
This Statement is filed on behalf of the following persons (collectively, the “Reporting Persons”):
| i) | YANG Lin; |
| ii) | Winter Dazzle Limited. |
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The principal business office of Mr. YANG Lin is 61F, Pearl River Tower No. 15 Zhujiang West Road, Zhujiang New Town, Tianhe, Guangzhou, Guangdong Province, 510620, People’s Republic of China
The principal business address of Winter Dazzle Limited is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
| Item 2(c). | Citizenship or Place of Organization: |
Mr. YANG Lin is a citizen of Saint Christopher (St. Kitts) and Nevis. Winter Dazzle Limited is a British Virgin Islands company.
| Item 2(d). | Title of Class of Securities: |
Ordinary shares, par value $0.001 per share
| Item 2(e). | CUSIP Number: |
69373Y109
| Item 3. | Statement Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c): |
This Item 3 is not applicable.
4
| Item 4. | Ownership: |
| Number of shares as to which such person has: | ||||||||||||||||||||||||
| Reporting Person | Amount Beneficially Owned | Percent
of Class(2) | Sole Power to Vote or Direct the Vote | Shared Power to Vote or to Direct the Vote | Sole Power to Dispose or to Direct the Disposition of | Shared Power to Dispose or to Direct the Disposition of | ||||||||||||||||||
| YANG Lin | 8,916,669(1) | 9.9 | % | 8,916,669(1) | 0 | 0(1) | 0 | |||||||||||||||||
| Winter Dazzle Limited | 8,916,669(1) | 9.9 | % | 0(1) | 0 | 8,916,669(1) | 0 | |||||||||||||||||
| (1) | Represents 8,916,669 ordinary shares held by Winter Dazzle Limited. Winter Dazzle Limited is a limited liability company incorporated in the British Virgin Islands and is wholly owned by YANG Lin. The disposal of ordinary shares held by Winter Dazzle Limited is decided by 53 individuals, who entrusted their voting power of such ordinary shares to YANG Lin except for the matters related to share disposal. |
| (2) | For each Reporting Person, the 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 90,472,014 ordinary shares as of September 8, 2022. |
| Item 5. | Ownership of Five Percent or Less of a Class: |
This Item 5 is not applicable.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: |
This Item 6 is not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person: |
This Item 7 is not applicable.
| Item 8. | Identification and Classification of Members of the Group: |
This Item 8 is not applicable.
| Item 9. | Notice of Dissolution of Group: |
This Item 9 is not applicable.
| Item 10. | Certifications: |
This Item 10 is not applicable.
5
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: September 15, 2022
| YANG Lin | ||
| By: | /s/ YANG Lin | |
| Winter Dazzle Limited | ||
| By: | /s/ LIAO Longchang | |
| LIAO Longchang | ||
| Director | ||
[Signature Page to Schedule 13G]
6
LIST OF EXHIBITS
Exhibit No. |
Description | |
| 99.1 | Joint Filing Agreement |
7