SCHEDULE 13G/A: Kingsford Resources and Affiliates Disclose 1.43% Beneficial Ownership in Highest Performances Holdings Inc.

Kingsford Resources Limited, Better Rise Investments Limited, and Lichong Liu have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 1.43% of Highest Performances Holdings Inc.'s ordinary shares as of January 2, 2025.

Summary

• Kingsford Resources Limited, Better Rise Investments Limited, and Lichong Liu are the reporting persons in this Schedule 13G/A filing.
• Each reporting person beneficially owns 19,626,050 Class A ordinary shares of Highest Performances Holdings Inc.
• This ownership represents 1.43% of the total outstanding ordinary shares of Highest Performances Holdings Inc., calculated based on 1,372,547,538 ordinary shares outstanding as of January 2, 2025.
• The total outstanding shares comprise 372,547,538 Class A ordinary shares and 1,000,000,000 Class B ordinary shares.
• Kingsford Resources Limited, a British Virgin Islands company, holds the shares and is wholly owned by Better Rise Investments Limited, also a British Virgin Islands company.
• Mr. Lichong Liu, a citizen of China, holds a 58.1% majority stake in Better Rise Investments Limited, making him the ultimate beneficial owner of the reported shares.
• Other shareholders of Better Rise Investments Limited include Mr. Yinan Hu (27.1%), Mr. Peng Ge (12.7%), and Mr. Jun Li (2.1%).
• The filing states that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.
• The aggregate voting power for each reporting person is 0.02%, considering Class A shares have 1 vote and Class B shares have 100 votes.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would typically influence sentiment positively or negatively. It is neutral in tone and content.

Future Outlook

NA

Management Comments

• Mr. Lichong Liu disclaims beneficial ownership of all ordinary shares of Highest Performances Holdings Inc. held by Kingsford Resources Limited, except to the extent of his pecuniary interest therein.

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide information related to broader industry trends or competitive landscape. It solely focuses on the ownership structure of a specific entity within the issuer.

Related Party Transactions

• The beneficial ownership structure involves Kingsford Resources Limited, wholly owned by Better Rise Investments Limited, which in turn is majority-owned by Mr. Lichong Liu. This establishes a clear related-party relationship among the reporting entities and individual.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership structure and significant holders of the company's Class A ordinary shares, clarifying who ultimately controls a portion of the voting power.

Key Dates

Keywords

Beneficial Ownership, Schedule 13G, SEC Filing, Highest Performances Holdings Inc., Kingsford Resources Limited, Better Rise Investments Limited, Lichong Liu, Class A Ordinary Shares, Shareholding Disclosure, Corporate Governance