SCHEDULE 13G/A: Dragon Destiny Limited and Chung Kiu Cheung Disclose 4.66% Passive Stake in X Financial
Beneficial Ownership Report
Dragon Destiny Limited and its sole owner, Chung Kiu Cheung, have filed an amended Schedule 13G, reporting a 4.66% beneficial ownership stake in X Financial as of June 11, 2025.
Summary
- Dragon Destiny Limited and Chung Kiu Cheung, collectively referred to as the Reporting Persons, beneficially own 11,812,500 Class A ordinary shares of X Financial.
- This ownership represents 4.66% of the total ordinary shares outstanding.
- The percentage is calculated based on 253,256,363 ordinary shares issued and outstanding as of March 31, 2025, which includes 155,656,363 Class A ordinary shares and 97,600,000 Class B ordinary shares, assuming all Class B shares convert to Class A on a one-for-one basis.
- Dragon Destiny Limited is a British Virgin Islands company wholly owned by Chung Kiu Cheung, a citizen of Hong Kong.
- Both reporting persons hold sole voting and sole dispositive power over the 11,812,500 shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without positive or negative implications regarding company performance or outlook.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake held by Dragon Destiny Limited and Chung Kiu Cheung, clarifying the ownership structure of X Financial.
Key Dates
| Date | Description |
|---|---|
| 2025-03-31 | Date as of which the total ordinary shares issued and outstanding (253,256,363) were calculated for ownership percentage. |
| 2025-06-11 | Date of event which required the filing of this statement. |
| 2025-06-23 | Date the Schedule 13G Amendment No. 1 was signed by the Reporting Persons. |
Keywords
X Financial, Dragon Destiny Limited, Chung Kiu Cheung, Schedule 13G, Beneficial Ownership, Class A ordinary shares, SEC filing, Passive Investment, Shareholding
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