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
(Amendment No. 1)*
Under the Securities Exchange Act of 1934
Puyi Inc.
(Name of Issuer)
Ordinary share, par value $0.001 per share
(Title of Class of Securities)
69373Y109
(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:
☐ 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).
CUSIP No. 69373Y109
| 1. |
Names of Reporting Persons.
YU Haifeng |
| 2. |
Check the Appropriate Box if a Member of a Group
(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
40,240,500. See Item 4. |
| 6. |
Shared Voting Power
0 | |
| 7. |
Sole Dispositive Power
40,240,500. See Item 4. | |
| 8. |
Shared Dispositive Power
0 |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,240,500 |
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
|
| 11. |
Percent of Class Represented by Amount in Row (9)
44.5%. See Item 4. |
| 12. |
Type of Reporting Person:
IN |
2
CUSIP No. 69373Y109
| 1. |
Names of Reporting Persons.
Worldwide Success Group 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
40,240,500. See Item 4. |
| 6. |
Shared Voting Power
0 | |
| 7. |
Sole Dispositive Power
40,240,500. See Item 4. | |
| 8. |
Shared Dispositive Power
0 |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,240,500 |
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
|
| 11. |
Percent of Class Represented by Amount in Row (9)
44.5%. See Item 4. |
| 12. |
Type of Reporting Person:
CO |
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CUSIP No. 69373Y109
| 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) | YU Haifeng; and |
| ii) | Worldwide Success Group Limited |
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The principal business office of Mr. YU Haifeng 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 Worldwide Success Group Limited is OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.
| Item 2(c). | Citizenship: |
Mr. YU Haifeng is a citizen of the People’s Republic of China. Worldwide Success Group 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. | 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: |
This Item 3 is not applicable.
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CUSIP No. 69373Y109
| Item 4. | Ownership: |
| Reporting Person | Amount beneficially owned | Percent of aggregate voting power(3) | 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 | Shared power to dispose or to direct the disposition | ||||||||||||||||||
| YU Haifeng | 40,240,500 | (1) | 44.5 | % | 40,240,500 | (1) | 0 | 40,240,500 | (2) | 0 | ||||||||||||||
| Worldwide Success Group Limited | 40,240,500 | (2) | 44.5 | % | 40,240,500 | (2) | 0 | 40,240,500 | (2) | 0 | ||||||||||||||
| (1) | Represents 40,240,500 ordinary shares held through Worldwide Success Group Limited. Worldwide Success Group Limited is a limited liability company incorporated in the British Virgin Islands and is wholly owned by YU Haifeng. |
| (2) | Represents 40,240,500 ordinary share held by Worldwide Success Group Limited, which is a limited liability company incorporated in the British Virgin Islands and is wholly owned by YU Haifeng. |
| (3) | 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 December 31, 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. | Certification: |
This Item 10 is not applicable.
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CUSIP No. 69373Y109
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.
| YU Haifeng | ||
| By: | /s/ YU Haifeng | |
| Worldwide Success Group Limited | ||
| By: | /s/ YU Haifeng | |
| YU Haifeng | ||
| Director | ||
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CUSIP No. 69373Y109
Exhibit Index
| Ex. | ||
| A | Joint Filing Agreement |
7
CUSIP No. 69373Y109
Exhibit A
The undersigned hereby agree that the statement on Schedule 13G with respect to the ordinary shares of Puyi Inc. dated as of January 10, 2023 is signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
| YU Haifeng | ||
| By: | /s/ YU Haifeng | |
| Worldwide Success Group Limited | ||
| By: | /s/ YU Haifeng | |
| YU Haifeng | ||
| Director | ||
January 10, 2023
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