SCHEDULE: OceanLink Partners Fund Acquires 4.72% Stake in Atour Lifestyle

OceanLink Partners Fund, LP has disclosed beneficial ownership of 4.72% of Atour Lifestyle Holdings Ltd's Class A ordinary shares, represented by American Depositary Shares.

Summary

• OceanLink Partners Fund, LP, a Cayman Islands exempted limited partnership, has filed a Schedule 13G indicating beneficial ownership of 15,780,456 Class A ordinary shares of Atour Lifestyle Holdings Ltd.
• This ownership represents 4.72% of the total outstanding Class A ordinary shares.
• The shares are held indirectly through 5,260,152 American Depositary Shares (ADSs), with each ADS representing three ordinary shares.
• The filing is an amendment (Amendment No. 2) to a previous filing.
• The reporting person has sole voting power and sole dispositive power over these shares.
• The percentage of ownership is based on 334,448,671 ordinary shares outstanding as of December 31, 2025, as reported in Atour's Form 20-F filed on April 17, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but not controlling stake by a new investor, with no immediate negative implications.

Positives

• A new significant investor, OceanLink Partners Fund, LP, has taken a notable stake in Atour Lifestyle Holdings Ltd.
• The investor has sole voting and dispositive power, suggesting a clear investment strategy.
• The filing indicates a substantial investment of over 15.7 million shares.

Negatives

• The filing does not contain any negative financial or operational information about Atour Lifestyle Holdings Ltd itself, as it is a disclosure of ownership by a third party.

Risks

• Potential for increased share price volatility due to the new significant shareholder's trading activities.
• Future actions by OceanLink Partners Fund, LP could influence corporate governance or strategic decisions if their stake increases or they decide to engage actively with management.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Atour Lifestyle Holdings Ltd.

Industry Context

StockSavvy.ai notes that the disclosure of a significant stake by an investment fund like OceanLink Partners Fund, LP is common in the hospitality and lifestyle sector, often signaling investor confidence or a potential for strategic engagement.

Stakeholder Impact

• Shareholders: May see increased interest in the stock due to the new significant holder, potentially impacting share price and liquidity.
• Management: May need to consider the perspective of OceanLink Partners Fund, LP in strategic decision-making if the stake is considered influential.

Next Steps

• OceanLink Partners Fund, LP may continue to monitor its investment and potentially adjust its stake.
• Atour Lifestyle Holdings Ltd will continue its normal course of business operations.

Key Dates

Recommendation

The filing indicates a significant new investor has acquired a substantial stake, which is generally a neutral to positive development. However, without further information on the investor's intentions or Atour's operational performance, a 'hold' recommendation is prudent, suggesting investors observe further developments.

Keywords

Atour Lifestyle Holdings Ltd, OceanLink Partners Fund, Schedule 13G, Beneficial Ownership, Ordinary Shares, American Depositary Shares, Cayman Islands, Investment Fund