Sec Form 3 Filing - Hao Chun Yi @ East Stone Acquisition Corp - 2020-02-19

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Hao Chun Yi 2. Issuer Name and Ticker or Trading Symbol East Stone Acquisition Corp [ ESSC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman and CFO (Last) (First) (Middle) 25 MALL ROAD, SUITE 330 3. Date of Earliest Transaction (MM/DD/YY) 02/19/2020 (Street) BURLINGTON, MA01803 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Ordinary Shares, no par value 1,500,000 ( 1 ) ( 4 ) I By Double Ventures Holdings Limited Ordinary Shares, no par value 750,000 ( 2 ) ( 4 ) I By Navy Sail International Limited Ordinary Shares, no par value 1,026,000 ( 3 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Hao Chun Yi 25 MALL ROAD, SUITE 330 BURLINGTON, MA01803 X X Chairman and CFO Signatures /s/ Chun Yi Hao 02/19/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares represent the ordinary shares held by East Stone Acquisition Corporation (the "Sponsor"), acquired pursuant to a securities purchase agreement dated October 22, 2018 by and between the Sponsor and the issuer. The ordinary shares owned by the Reporting Person includes up to 450,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement. The Reporting Person is the sole officer and director of the Sponsor, owns 33.3% of the Sponsor and shares voting and investment discretion with respect to the ordinary shares held by the Sponsor. Accordingly, the Reporting Person may be deemed to have or share voting and investment discretion with respect to the ordinary shares held by the Sponsor. ( 2 )The Reporting Person is the sole officer and director of Navy Sail International Limited. Navy Sail International Limited is indirectly owned by the Reporting Person, along with certain other individuals, including the son of the Reporting Person. None of such individuals directly owns these ordinary shares. However, each has a pecuniary interest in such ordinary shares of the issuer through his respective indirect ownership of the equity interests of Navy Sail International Limited. As a result, the Reporting Person may be deemed to share voting and investment discretion with respect to the ordinary shares held directly by Navy Sail International Limited. ( 3 )In February 2020, the Reporting Person transferred an aggregate of 174,000 ordinary shares he owned to Xiaoma Lu and three independent director nominees of the issuer, which shares are subject to forfeiture to the Reporting Person in the event that the closing of the issuer's initial public offering does not occur on or before June 1, 2020. ( 4 )The Reporting Person disclaims any beneficial ownership of the reportedshares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

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