SCHEDULE 13G: Avenir Entities and LI Lin Disclose 5.9% Passive Stake in UP Fintech Holding Limited

A group of entities including Avenir Tech Limited, Avenir View Limited, Avenir Investment Holdings Limited, and individual LI Lin, have disclosed a passive beneficial ownership of 5.9% in UP Fintech Holding Limited.

Summary

• The Reporting Persons, Avenir Tech Limited, Avenir View Limited, Avenir Investment Holdings Limited, and LI Lin, have collectively disclosed beneficial ownership of 10,667,580 American Depositary Shares (ADSs) of UP Fintech Holding Limited.
• This stake represents 5.9% of the total outstanding Class A ordinary shares of UP Fintech Holding Limited, calculated based on 2,705,826,751 shares as reported in the Issuer's Form 20-F for the fiscal year ended December 31, 2024.
• The Reporting Persons hold sole voting power and sole dispositive power over all 10,667,580 ADSs.
• The ownership structure indicates that Avenir Tech Limited directly holds 7,741,893 ADSs and exercises sole power over an additional 2,925,687 ADSs held by LL (BVI) Investment Limited.
• Avenir Tech Limited is wholly owned by Avenir View Limited, which is wholly owned by Avenir Investment Holdings Limited, and Mr. LI Lin owns 100% of the equity interest in Avenir Investment Holdings Limited.
• The filing certifies that the securities were acquired and are held for passive investment purposes and not with the intent to change or influence the control of the issuer.

Sentiment

Score: 6

Explanation: The disclosure of a significant passive stake is generally neutral to slightly positive, indicating investor confidence without implying any immediate strategic changes or financial distress.

Positives

• The disclosure of a significant 5.9% passive stake by a group of entities and an individual indicates a notable investment in UP Fintech Holding Limited, potentially signaling investor confidence.
• The filing explicitly states the stake is passive and not intended to influence control, which can provide stability regarding the company's current management and strategic direction.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• LI Lin, as Director of Avenir Tech Limited, Avenir View Limited, and Avenir Investment Holdings Limited, certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of UP Fintech Holding Limited.

Industry Context

This filing pertains to UP Fintech Holding Limited, a company operating in the financial technology (fintech) sector. The disclosure of a significant passive stake by a group of investors indicates continued investor interest in companies within this industry, though the filing itself does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The filing details the hierarchical ownership structure among the Reporting Persons (Avenir Tech, Avenir View, Avenir Investment, and LI Lin), clarifying their internal relationships for the purpose of beneficial ownership reporting. It does not disclose related party transactions between the Reporting Persons and UP Fintech Holding Limited.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive investor, potentially offering a degree of stability by confirming a non-activist stake.

Key Dates

Keywords

UP Fintech Holding Limited, American Depositary Shares, Class A ordinary shares, Schedule 13G, beneficial ownership, passive investment, Avenir Tech Limited, Avenir View Limited, Avenir Investment Holdings Limited, LI Lin, fintech