SCHEDULE 13G/A: Qudian Inc. Founder Min Luo and Qufenqi Holding Disclose Updated Significant Beneficial Ownership
Beneficial Ownership Amendment
Min Luo and Qufenqi Holding Limited have filed an amendment to their Schedule 13G, disclosing their combined beneficial ownership of Qudian Inc.'s Class A and Class B ordinary shares as of December 31, 2024.
Summary
- Qufenqi Holding Limited beneficially owns 63,491,172 Class B ordinary shares of Qudian Inc., representing 33.5% of the total outstanding shares on an as-converted basis.
- Min Luo beneficially owns 66,327,372 shares, representing 35.0% of Qudian Inc.'s total outstanding shares on an as-converted basis. This includes 2,836,200 Class A ordinary shares held by his spouse and the 63,491,172 Class B ordinary shares held by Qufenqi.
- Qufenqi Holding Limited is ultimately wholly owned by a trust of which Mr. Min Luo and his spouse are the beneficiaries, leading to Min Luo's deemed beneficial ownership of Qufenqi's holdings.
- Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder, and automatically converts into Class A shares upon transfer to any non-affiliate.
- The reported ownership percentages are calculated based on a total of 125,912,679 Class A ordinary shares and 63,491,172 Class B ordinary shares of the Issuer issued and outstanding as of March 31, 2024, as reported in Qudian Inc.'s annual report on Form 20-F filed on April 29, 2024, assuming the conversion of all outstanding Class B ordinary shares into Class A ordinary shares.
Sentiment
Score: 5
Explanation: This 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
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides updated transparency on significant beneficial ownership, particularly regarding the founder's and related entity's holdings and their control over voting power through Class B shares.
Key Dates
| Date | Description |
|---|---|
| 2024-03-31 | Date as of which the total outstanding Class A and Class B ordinary shares (125,912,679 Class A and 63,491,172 Class B) were reported in Qudian Inc.'s annual report on Form 20-F. |
| 2024-04-29 | Date Qudian Inc. filed its annual report on Form 20-F, which contained the share outstanding data. |
| 2024-12-31 | Date of event which requires filing of this statement; beneficial ownership information is presented as of this date. |
| 2025-02-12 | Date the Joint Filing Agreement was executed and the Schedule 13G/A was signed. |
Keywords
Qudian Inc., Beneficial Ownership, Schedule 13G/A, Min Luo, Qufenqi Holding Limited, Class A Ordinary Shares, Class B Ordinary Shares, SEC Filing, Shareholding Disclosure
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