SCHEDULE: GGV Capital Entities Disclose QuantaSing Stake

GGV Capital entities and their managing directors have filed an amended Schedule 13G, disclosing their beneficial ownership in QuantaSing Group Limited's Class A ordinary shares.

Summary

• GGV Capital VI Entrepreneurs Fund L.P. and GGV Capital VI Entrepreneurs Fund L.L.C. each beneficially own 95,697 Class A ordinary shares, representing 0.1% of the class.
• GGV Discovery I, L.P. and GGV Discovery I L.L.C. each beneficially own 2,216,256 Class A ordinary shares, representing 2.1% of the class.
• Jixun Foo, Jenny Hong Wei Lee, Jeffrey Gordon Richards, Glenn Solomon, and Hans Tung each beneficially own 2,311,953 Class A ordinary shares, representing 2.2% of the class.
• The beneficial ownership for the individuals stems from their shared voting and investment authority as Managing Directors of the general partners of the two GGV Capital funds.
• The reported percentages are based on 103,776,127 Class A ordinary shares outstanding as of June 30, 2024, as reported in QuantaSing Group Limited's Annual Report on Form 20-F filed on August 29, 2024.
• Each American Depositary Share (ADS) of QuantaSing Group Limited represents three Class A ordinary shares.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance.

Industry Context

This filing is a routine disclosure of beneficial ownership by institutional investors, common in the financial industry to provide transparency on significant holdings in publicly traded companies. It reflects an investment firm's stake in a technology or education sector company, typical for venture capital or growth equity funds like GGV Capital.

Related Party Transactions

• GGV Capital VI Entrepreneurs Fund L.L.C. acts as the general partner for GGV Capital VI Entrepreneurs Fund L.P., sharing voting and investment authority over its holdings.
• GGV Discovery I L.L.C. acts as the general partner for GGV Discovery I, L.P., sharing voting and investment authority over its holdings.
• Jixun Foo, Jenny Hong Wei Lee, Jeffrey Gordon Richards, Glenn Solomon, and Hans Tung are Managing Directors of both GGV Capital VI Entrepreneurs Fund L.L.C. and GGV Discovery I L.L.C., and share voting and investment authority over the securities held by both funds.

Stakeholder Impact

• Shareholders gain transparency regarding significant institutional and individual ownership stakes in QuantaSing Group Limited, which can influence perceptions of investor confidence and liquidity.

Key Dates

Keywords

QuantaSing Group Limited, GGV Capital, Beneficial Ownership, Schedule 13G, SEC Filing, Class A Ordinary Shares, Institutional Ownership, Investment Fund