SCHEDULE 13G/A: Atour Lifestyle Holdings: Key Shareholders Update Beneficial Ownership Stakes

This Schedule 13G/A filing details the updated beneficial ownership stakes of Sea Pearl Worldwide Holding Limited, Haijun Wang, and Express Ocean Universe Limited in Atour Lifestyle Holdings Ltd.

Summary

• Sea Pearl Worldwide Holding Limited beneficially owns 80,303,816 Class A Ordinary Shares, representing 19.4% of the class.
• Haijun Wang beneficially owns 84,835,520 Class A Ordinary Shares, representing 20.2% of the class.
• Express Ocean Universe Limited beneficially owns 73,680,917 Class A Ordinary Shares, representing 17.8% of the class.
• The beneficial ownership for Sea Pearl Worldwide Holding Limited includes 73,680,917 Class B ordinary shares held by Express Ocean Universe Limited, 1,691,412 Class A ordinary shares held by Engine Holdings Limited, and 4,931,487 Class A ordinary shares held by certain minority shareholders.
• Haijun Wang's beneficial ownership includes the shares held by Express Ocean Universe Limited, Engine Holdings Limited, and the minority shareholder, plus 4,531,704 Class A ordinary shares underlying share options exercisable within 60 days after March 31, 2025.
• Express Ocean Universe Limited holds 73,680,917 Class B ordinary shares of Atour Lifestyle Holdings Ltd.
• The percentage of class is calculated based on a total of 340,876,937 Class A ordinary shares and 73,680,917 Class B ordinary shares (convertible to Class A) outstanding as of December 31, 2024, as disclosed in the Issuer's Form 20-F filed on April 25, 2025.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership and does not provide specific industry context or trends. It reflects the ownership structure of a publicly traded company within the hospitality or lifestyle sector.

Related Party Transactions

• Haijun Wang is the sole director of Express Ocean Universe Limited and the settlor of Eternal River Trust, which ultimately controls Express Ocean Universe Limited. Haijun Wang retains investment and dispositive powers over the Trust's assets.
• Sea Pearl Worldwide Holding Limited is wholly owned by Haijun Wang and is a beneficiary of the Eternal River Trust.
• Haijun Wang and Sea Pearl Worldwide Holding Limited exercise voting power over Class A ordinary shares beneficially owned by Engine Holdings Limited and certain minority shareholders, indicating a shared beneficial ownership structure among these entities.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stakes held by key individuals and entities, clarifying the control structure of the company.

Key Dates

Keywords

Atour Lifestyle Holdings, Beneficial Ownership, Schedule 13G/A, Class A Ordinary Shares, Haijun Wang, Sea Pearl Worldwide Holding Limited, Express Ocean Universe Limited, Shareholding Update