UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
360 DigiTech Inc
|
| (Name of Issuer) |
Class A ordinary shares, par value US$0.00001 per share |
|
| (Title of Class of Securities) |
88557W101** |
|
| (CUSIP Number) |
|
| December 31, 2022** |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
*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.
** CUSIP Number 88557W101 applies to the American Depository Shares (“ADSs”) of 360 DigiTech, Inc. (the “Issuer”). Each ADS represents two Class A Ordinary Shares. No CUSIP number has been assigned to the Class A Ordinary Shares.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 2 of 9 Pages |
| | | | | |
| 1 | NAME OF REPORTING PERSONS OLP Capital Management Limited |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o | |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 19,416,446 (1) |
| 6 | SHARED VOTING POWER 0 |
| 7 | SOLE DISPOSITIVE POWER 19,416,446 (1) |
| 8 | SHARED DISPOSITIVE POWER 0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,416,446 (1) |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% |
| 12 | TYPE OF REPORTING PERSON FI |
(1) Represents 19,416,446 Class A Ordinary Shares in the form of ADSs held by various investment vehicles for which OLP Capital Management Limited serves as investment manager.
(2) Based upon 318,062,703 Class A Ordinary Shares outstanding.
| | | | | |
| 1 | NAME OF REPORTING PERSONS Di Fan Shen |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o | |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Canada |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 19,416,446 (1) |
| 6 | SHARED VOTING POWER 0 |
| 7 | SOLE DISPOSITIVE POWER 19,416,446 (1) |
| 8 | SHARED DISPOSITIVE POWER 0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,416,446 (1) |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% |
| 12 | TYPE OF REPORTING PERSON HC, IN |
(1) Represents 19,416,446 Class A Ordinary Shares in the form of ADSs held by various investment vehicles for which OLP Capital Management Limited serves as investment manager.
(2) Based upon 318,062,703 Class A Ordinary Shares outstanding.
| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 4 of 9 Pages |
| | | | | |
| 1 | NAME OF REPORTING PERSONS Richard Li |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o | |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Canada |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 19,416,446 (1) |
| 6 | SHARED VOTING POWER 0 |
| 7 | SOLE DISPOSITIVE POWER 19,416,446 (1) |
| 8 | SHARED DISPOSITIVE POWER 0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,416,446 (1) |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% |
| 12 | TYPE OF REPORTING PERSON HC, IN |
(1) Represents 19,416,446 Class A Ordinary Shares in the form of ADSs held by various investment vehicles for which OLP Capital Management Limited serves as investment manager.
(2) Based upon 318,062,703 Class A Ordinary Shares outstanding.
| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 5 of 9 Pages |
| Item 1. | | (a) Name of Issuer |
360 DigiTech Inc
| Item 1. | | (b) Address of Issuer’s Principal Executive Offices |
China Diamond Exchange Ctr, Bl 555
No. 1701 Centu Shanghai, 200122
The People’s Republic of China
| Item 2. | | Names of Person Filing |
This joint statement on SCHEDULE 13G/A is being filed by Richard Li, Di Fan Shen and OLP Capital Management Limited, a Hong Kong private company (“OLP” and, together with Mr. Li and Mr. Shen, the “Reporting Persons”).
Address of Principal Business Office
The business address of each of the Reporting Persons is Unit 2430, 24/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong.
Citizenship
OLP is a private company organized under the laws of Hong Kong, and each of Mr. Li and Mr. Shen is a citizen of Canada.
| Item 2. | | (d) Title of Class of Securities |
Class A Ordinary Shares, par value $0.0001 per share (represented by American Depositary Shares
88557W101 - There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 88557W101 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, each ADS representing two Class A Ordinary Shares.
| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 6 of 9 Pages |
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Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| | (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| |
| | (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| |
| | (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| |
| | (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| |
| | (e) | o | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| |
| | (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| |
| | (g) | x | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| |
| | (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| |
| | (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| |
| | (j) | x | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
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| |
| | (k) | ¨ | A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
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| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 7 of 9 Pages |
Item 4. Ownership
a) Amount beneficially owned by each Reporting Person: 19,416,446
b) Percent of class beneficially owned by each Reporting Person: 6.1%
c) Number of shares as to which OLP has (i) the sole power to vote or direct the vote of: 19,416,446; (ii) the shared power to vote or to direct the vote of: 0; (iii) the sole power to dispose or to direct the disposal of: 19,416,446; and (iv) the shared power to dispose or to direct the disposal of: 0.
The amount beneficially owned by each Reporting Person is determined based on 318,062,703 Ordinary shares outstanding as of January 31, 2023. The Reporting Person is relying on information provided by the Issuer.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 8 of 9 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: March 24, 2023
|
| | OLP Capital Management Limited |
| | | | |
| | By: | /s/ Richard Li |
| | | Richard Li, Director |
| | | | |
| | Di Fan Shen |
| | | | |
| | By: | /s/ Di Fan Shen |
| | | Di Fan Shen |
|
|
| | | | |
| | Richard Li |
| | | | |
| | By: | /s/ Richard Li |
| | | Richard Li |
| | | | |
| CUSIP No. 88557W101 | SCHEDULE 13G/A | Page 9 of 9 Pages |
Exhibit I
JOINT FILING STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G/A, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G/A, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: March 24, 2023
|
| | OLP Capital Management Limited |
| | | | |
| | By: | /s/ Richard Li |
| | | Richard Li, Director |
| | | | |
| | Di Fan Shen |
| | | | |
| | By: | /s/ Di Fan Shen |
| | | Di Fan Shen |
|
|
| | | | |
| | Richard Li |
| | | | |
| | By: | /s/ Richard Li |
| | | Richard Li |
| | | | |
