SCHEDULE: CDH Venture Group Discloses 10.7% Stake in BingEx Ltd

CDH Venture Capital III Limited and its affiliates have reported a 10.7% beneficial ownership in BingEx Ltd's Class A ordinary shares as of December 31, 2024.

Summary

• CDH Venture Capital III Limited, along with its affiliates CDH Venture Partners III, L.P. and CDH Venture GP III Company Limited (collectively, the "Reporting Persons"), beneficially own 17,969,231 Class A ordinary shares of BingEx Ltd.
• This ownership represents 10.7% of BingEx Ltd's Class A ordinary shares outstanding as of December 31, 2024, based on 167,811,951 shares as disclosed in BingEx Ltd's annual report on Form 20-F filed on April 25, 2025.
• The Class A ordinary shares are not directly traded but are linked to American Depositary Shares (ADSs) quoted on The Nasdaq Global Select Market under the symbol "FLX," where three Class A ordinary shares equal one ADS.
• The voting and investment power for these securities is exercised by the investment committee of CDH Venture GP III Company Limited, comprising WU Shangzhi, WANG Lin, and HUANG Yan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, indicating continued institutional confidence and a stable, significant ownership base for BingEx Ltd, which can be reassuring to other investors.

Positives

• Significant institutional investment by CDH Venture Group indicates confidence in BingEx Ltd.
• The stable ownership structure, with CDH Venture Capital III Limited being wholly owned by CDH Venture Partners III, L.P., and managed by CDH Venture GP III Company Limited, suggests a long-term strategic interest.

Negatives

• No specific negative information is disclosed in this Schedule 13G filing.

Risks

• The filing does not explicitly mention specific risks related to BingEx Ltd or the investment.

Future Outlook

NA

Management Comments

• "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." (Signed by William Hsu, Director for each Reporting Person).
• WU Shangzhi, WANG Lin, and HUANG Yan disclaim beneficial ownership of the securities held by CDH Venture Capital III Limited for Sections 13(d) and 13(g) purposes, except to the extent of their pecuniary interests.

Industry Context

StockSavvy.ai notes that significant institutional stakes, such as this 10.7% ownership by CDH Venture Group, often signal a long-term investment thesis and can be viewed positively by the market, especially for companies like BingEx Ltd which are likely in growth or strategic development phases given the venture capital involvement.

Comparison to Industry Standards

• This filing is a standard disclosure of a significant ownership stake by a venture capital group. Such disclosures are common when an investor crosses the 5% beneficial ownership threshold.
• CDH Venture Group's investment in BingEx Ltd aligns with typical venture capital strategies of taking substantial, often long-term, positions in companies, particularly those with a global presence or innovative business models, similar to other venture-backed firms listed on Nasdaq.

Related Party Transactions

• The filing details the relationship between the three Reporting Persons (CDH Venture Capital III Limited, CDH Venture Partners III, L.P., and CDH Venture GP III Company Limited) as a hierarchical ownership structure, which constitutes a related party arrangement for the purpose of beneficial ownership reporting.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by CDH Venture Group may instill confidence and signal long-term commitment, potentially stabilizing or positively influencing investor sentiment.
• Management: The presence of a large institutional investor like CDH Venture Group may imply increased oversight or strategic collaboration opportunities.

Next Steps

• The Reporting Persons will continue to monitor their investment in BingEx Ltd.
• BingEx Ltd will continue to operate and file its periodic reports, such as the annual report on Form 20-F.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a significant, existing beneficial ownership stake by a venture capital group. It does not contain new operational or financial performance data that would typically drive a "buy" or "sell" recommendation. The 10.7% stake by CDH Venture Group is a positive indicator of institutional confidence, suggesting a "hold" position for existing investors who might see this as a sign of stability, while new investors would need more fundamental data to make an informed decision.

Keywords

BingEx Ltd, CDH Venture Capital III Limited, CDH Venture Partners III, L.P., CDH Venture GP III Company Limited, Schedule 13G, Beneficial Ownership, Class A ordinary shares, FLX, Nasdaq, Institutional Investor, Equity Stake