The following information with respect to the ownership of the ordinary shares by each of the reporting persons is provided as of December 31, 2022.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Amount
beneficially
owned | | | Percent of
class | | | Percent of
aggregate
voting
power | | | Sole power to
vote or direct
the vote | | | Shared power
to vote or to
direct the vote | | | Sole power to
dispose or to
direct the
disposition of | | | Shared power
to dispose or
to direct the
disposition of | |
Calvin Choi | | | 11,320,458 | | | | 14.8 | % | | | 50.4 | % | | | 0 | | | | 11,320,458 | | | | 0 | | | | 11,320,458 | |
Infinity Power Investments Limited | | | 11,320,458 | | | | 14.8 | % | | | 50.4 | % | | | 0 | | | | 11,320,458 | | | | 0 | | | | 11,320,458 | |
Pursuant to Rule 13d-3(d)(1), all Class B ordinary shares (which are convertible into Class A ordinary shares) were deemed to be converted for the purpose of (i) determining the aggregate amount of Class A ordinary shares beneficially owned by the reporting person and (ii) calculating the percentages of the Class A ordinary shares beneficially owned by the reporting person. The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 76,578,142 issued and outstanding ordinary shares (consisting of 10,928,142 Class A ordinary shares and 65,650,000 Class B ordinary shares) of the Company as of December 31, 2022 as a single class. In computing the percentage ownership of the reporting persons, we have included, where applicable, shares that the reporting persons have the right to acquire within 60 days, including through the exercise of any option, warrant, or other right or the conversion of any other security, after December 31, 2022.
As of December 31, 2022, (i) Calvin Choi held 100% of the issued and outstanding shares of Infinity Power Investments Limited, (ii) Infinity Power Investments Limited held 4.0% of the issued and outstanding share capital of AMTD IDEA Group and 32.9% of the issued and outstanding share capital of AMTD Group Inc., (iii) AMTD Group Inc. held 40.8% of the issued and outstanding share capital of AMTD IDEA Group, and (iv) AMTD IDEA Group held 65,650,000 Class B ordinary shares of the Company.
Infinity Power Investments Limited is a British Virgin Islands company.
For each reporting person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such reporting person by the voting power of all of the Company’s Class A ordinary shares and Class B ordinary shares as a single class.
| Item 5. | Ownership of Five Percent or Less of a Class: |
Not applicable.
| 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.
