* | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
** | There is no CUSIP number assigned to the ordinary shares. CUSIP number 18979T105 has been assigned to the American Depositary Shares (“ADS”), evidenced by American Depositary Receipts, of the Issuer, which are quoted on the New York Stock Exchange under the symbol “CNF.” Each ADS represents twenty (20) ordinary shares, par value US$0.0001 per share. |
| CUSIP No. 18979T105 | 13G | Page 2 of 17 |
(1) | Names of reporting persons. Cathay Capital Holdings II, L.P. | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Cayman Islands | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 0(1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 0(1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 0(1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 0% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). PN | ||||||||||||||||||
(1) | These ordinary shares, par value US$0.0001 per share, of the Issuer (each, an “Ordinary Share”) may be held, in part, in the form of American Depositary Shares (“ADSs”), with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 3 of 17 |
(1) | Names of reporting persons. Cathay Master GP, Ltd. | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Cayman Islands | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 0(1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 0(1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 0(1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 0% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). OO, HC | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 4 of 17 |
(1) | Names of reporting persons. New China Capital Management, L.P. | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Delaware | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 41,321,240(1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 41,321,240(1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 41,321,240(1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 2.6% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). IA, PN | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 5 of 17 |
(1) | Names of reporting persons. NCCM, LLC | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Delaware | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 41,321,240(1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 41,321,240(1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 41,321,240(1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 2.6% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). OO, HC | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 6 of 17 |
(1) | Names of reporting persons. TAM China, LLC | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Delaware | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 41,321,240 (1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 41,321,240 (1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 41,321,240 (1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 2.6% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). OO, HC | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 7 of 17 |
(1) | Names of reporting persons. Trust Cathay Management, LLC | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Delaware | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 76,561,060(1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 76,561,060 (1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 76,561,060 (1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 4.9% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). OO, HC | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 8 of 17 |
(1) | Names of reporting persons. Cathay Auto Services Limited | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. British Virgin Islands | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 0 (1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 0 (1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 0 (1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 0% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). OO | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 9 of 17 |
(1) | Names of reporting persons. The Cathay Investment Fund, Limited | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Cayman Islands | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 0 (1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 0 (1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 0 (1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 0% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). OO, HC | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 10 of 17 |
(1) | Names of reporting persons. New China Investment Management Inc. | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. Delaware | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||||||||||||||
(6) | Shared voting power. 15,223,160 (1) | ||||||||||||||||||
(7) | Sole dispositive power. 0 | ||||||||||||||||||
(8) | Shared dispositive power. 15,223,160 (1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 15,223,160 (1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 1.0% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). IA, CO | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 11 of 17 |
(1) | Names of reporting persons. TLF Holdings, LLC | ||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||
(3) | SEC use only. | ||||||
(4) | Citizenship or place of organization. Connecticut | ||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||
(6) | Shared voting power. 19,581,960 (1) | ||||||
(7) | Sole dispositive power. 0 | ||||||
(8) | Shared dispositive power. 19,581,960 (1) | ||||||
(9) | Aggregate amount beneficially owned by each reporting person. 19,581,960 (1) | ||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||
(11) | Percent of class represented by amount in Row (9). 1.3% | ||||||
(12) | Type of reporting person (see instructions). OO | ||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||
| CUSIP No. 18979T105 | 13G | Page 12 of 17 |
(1) | Names of reporting persons. Emerald Asset Management, LLC | ||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||
(3) | SEC use only. | ||||||
(4) | Citizenship or place of organization. Connecticut | ||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||
(6) | Shared voting power. 8,158,620 (1) | ||||||
(7) | Sole dispositive power. 0 | ||||||
(8) | Shared dispositive power. 8,158,620 (1) | ||||||
(9) | Aggregate amount beneficially owned by each reporting person. 8,158,620 (1) | ||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||
(11) | Percent of class represented by amount in Row (9). 0.5% | ||||||
(12) | Type of reporting person (see instructions). OO | ||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||
| CUSIP No. 18979T105 | 13G | Page 13 of 17 |
(1) | Names of reporting persons. Paul S. Wolansky | ||||||||||||||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||||||||||||||
(3) | SEC use only. | ||||||||||||||||||
(4) | Citizenship or place of organization. United States | ||||||||||||||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 569,940 | |||||||||||||||||
(6) | Shared voting power. 84,284,980(1) | ||||||||||||||||||
(7) | Sole dispositive power. 569,940 | ||||||||||||||||||
(8) | Shared dispositive power. 84,284,980 (1) | ||||||||||||||||||
(9) | Aggregate amount beneficially owned by each reporting person. 84,854,920(1) | ||||||||||||||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||||||||||||||
(11) | Percent of class represented by amount in Row (9). 5.4% | ||||||||||||||||||
(12) | Type of reporting person (see instructions). IN | ||||||||||||||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||||||||||||||
| CUSIP No. 18979T105 | 13G | Page 14 of 17 |
(1) | Names of reporting persons. S. Donald Sussman | ||||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒ | ||||||
(3) | SEC use only. | ||||||
(4) | Citizenship or place of organization. United States | ||||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power. 0 | |||||
(6) | Shared voting power. 163,521,200(1) | ||||||
(7) | Sole dispositive power. 0 | ||||||
(8) | Shared dispositive power. 163,521,200(1) | ||||||
(9) | Aggregate amount beneficially owned by each reporting person. 163,521,200(1) | ||||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions). ☐ | ||||||
(11) | Percent of class represented by amount in Row (9). 10.5% | ||||||
(12) | Type of reporting person (see instructions). IN | ||||||
(1) | These Ordinary Shares may be held, in part, in the form of ADSs, with each ADS representing 20 Ordinary Shares. | ||||||
CUSIP No. 18979T105 | 13G | Page 15 of 17 |
(a) | Name of issuer |
(b) | Address of issuer’s principal executive offices |
(a) | Name of person filing |
i. | Cathay Capital Holdings II, L.P. (“Cathay Capital”); | |
ii. | Cathay Master GP, Ltd. (“Cathay Master”), which is a general partner and limited partner of Cathay Capital; | |
iii. | New China Capital Management, L.P. (“New China L.P.”), which is the investment manager of Cathay Capital; | |
iv. | NCCM, LLC (“NCCM”), which is a general partner of New China L.P.; | |
v. | TAM China, LLC (“TAM China”), which is a general partner of New China L.P.; | |
vi. | Trust Cathay Management, LLC (“Trust Cathay Management”), which wholly owns and controls TAM China; | |
vii. | Cathay Auto Services Limited (“Cathay Auto”); | |
viii. | The Cathay Investment Fund, Limited (“CIF”), which wholly owns Cathay Auto; | |
ix. | New China Investment Management Inc. (“New China Inc.”), which is the investment manager of CIF; | |
x. | TLF Holdings, LLC (“TLF Holdings”); | |
xi. | Emerald Asset Management, LLC (“Emerald Asset”); | |
xii. | Paul S. Wolansky (“Wolansky”), who wholly owns and controls NCCM, TLF Holdings, and Emerald Asset; and further, owns and controls 50% of New China Inc. (with the other 50% being owned and controlled by Sussman) and 50% of New China L.P. (with the other 50% being owned and controlled by Sussman); and | |
xiii. | S. Donald Sussman (“Sussman”), who wholly owns and controls TAM China and further, owns and controls 50% of New China Inc. (with the other 50% being owned and controlled by Wolansky) and 50% of New China L.P. (with the other 50% being owned and controlled by Wolansky). | |
| CUSIP No. 18979T105 | 13G | Page 16 of 17 |
(b) | Address or principal business office or, if none, residence |
(c) | Citizenship | |||||
i. | Cathay Capital: Cayman Islands | |||||
ii. | Cathay Master: Cayman Islands | |||||
iii. | New China L.P.: Delaware | |||||
iv. | NCCM: Delaware | |||||
v. | TAM China: Delaware | |||||
vi. | Trust Cathay Management: Delaware | |||||
vii. | Cathay Auto: British Virgin Islands | |||||
viii. | CIF: Cayman Islands | |||||
ix. | New China Inc.: Delaware | |||||
x. | TLF Holdings: Connecticut | |||||
xi. | Emerald Asset : Connecticut | |||||
xii. | Wolansky: United States | |||||
xiii. | Sussman: United States | |||||
(d) | Title of class of securities | |||||
(e) | CUSIP No. |
| Item 3. | Statement Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c) |
| Item 4. | Ownership | ||
(a)-(c) | The information relating to the beneficial ownership of Common Stock by each of the Reporting Persons set forth in Rows 5 through 9 and Row 11 of the cover pages hereto is incorporated herein by reference. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| Item 6. | Ownership of More than 5 Percent on Behalf of Another Person. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. |
| Item 8. | Identification and Classification of Members of the Group. |
| Item 9. | Notice of Dissolution of Group. |
| Item 10. | Certifications |
CATHAY CAPITAL HOLDINGS II, L.P. | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: Director of General Partner | |||
CATHAY MASTER GP, LTD. | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: Director | |||
NEW CHINA CAPITAL MANAGEMENT, L.P. | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: Director | |||
| NCCM, LLC | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: Director | |||
TAM China, LLC | |||
By: | Trust Cathay Management, LLC, its sole owner | ||
By: | /s/ S. Donald Sussman | ||
Name: S. Donald Sussman | |||
Title: Manager | |||
Trust Cathay Management, LLC | |||
By: | /s/ S. Donald Sussman | ||
Name: S. Donald Sussman | |||
Title: Manager | |||
CATHAY AUTO SERVICES LIMITED | |||
By: | /s/ Paul S. Wolansky | ||
| | Name: Paul S. Wolansky | ||
Title: Director | |||
The CATHAY INVESTMENT FUND, Limited | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: Director | |||
NEW CHINA INVESTMENT MANAGEMENT INC. | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: Director | |||
PAUL S. WOLANSKY | |||
/s/ Paul S. Wolansky | |||
S. DONALD SUSSMAN | |||
/s/ S. Donald Sussman | |||
| TLF Holdings, LLC | |||
By: | TLF LLC | ||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: President | |||
| Emerald Asset Management, LLC | |||
By: | /s/ Paul S. Wolansky | ||
Name: Paul S. Wolansky | |||
Title: President | |||
| Exhibit | Description | |
| 99.1. | Joint Filing Agreement | |
