• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by Cloopen Group Holding Limited

    2/9/22 4:00:14 PM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology
    Get the next $RAAS alert in real time by email
    SC 13G 1 tm226016d1_sc13g.htm SC 13G

     

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934
    (Amendment No. ________)*

     

    Cloopen Group Holding Limited [RAAS]

    (Name of Issuer)

     

    Class A ordinary shares, par value US$0.0001 per share

    (Title of Class of Securities)

     

    18900M104

    (CUSIP Number)

     

    December 31, 2021

    (Date of Event which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    ¨  Rule 13d-1(b)
    ¨  Rule 13d-1(c)
    x  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 disclosures provided in a prior cover page.

     

    The information required on 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. 18900M104 13G  

     

    1.   NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Hi Sun Technology (China) 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
     
    Hong Kong
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
      5.   SOLE VOTING POWER
     
    0
      6.   SHARED VOTING POWER
     
    55,677,341(1)
      7.   SOLE DISPOSITIVE POWER
     
    0
      8.   SHARED DISPOSITIVE POWER
     
    55,677,341(1)
    9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    55,677,341(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)

    18.4%(2)
    12.   TYPE OF REPORTING PERSON (see instructions)

    CO
       

    (1) Hi Sun Technology (China) Limited indirectly owns the 55,677,341 ordinary shares. The 55,677,341 ordinary shares are owned directly by Main Access Limited, which is a wholly owned subsidiary of Turbo Speed Technology Limited, which is a wholly owned subsidiary of Success Bridge Limited, which is a wholly owned subsidiary of Hi Sun Technology (China) Limited, which is a company listed on The Stock Exchange of Hong Kong Limited.

    (2) The percentage ownership is calculated based upon 303,090,509 ordinary shares outstanding as of May 10, 2021 as reported in Cloopen Group Holding Limited’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020, filed on May 10, 2021.

                     

     

     

      

    CUSIP No. 18900M104  
    1.   NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Success Bridge 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
     
    Hong Kong
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
      5.   SOLE VOTING POWER
     
    0
      6.   SHARED VOTING POWER
     
    55,677,341(1)
      7.   SOLE DISPOSITIVE POWER
     
    0
      8.   SHARED DISPOSITIVE POWER
     
    55,677,341(1)
    9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    55,677,341(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)

    18.4%(2)
    12.   TYPE OF REPORTING PERSON (see instructions)

    CO
       

    (1) Success Bridge Limited indirectly owns the 55,677,341 ordinary shares. The 55,677,341 ordinary shares are owned directly by Main Access Limited, which is a wholly owned subsidiary of Turbo Speed Technology Limited, which is a wholly owned subsidiary of Success Bridge Limited, which is a wholly owned subsidiary of Hi Sun Technology (China) Limited, which is a company listed on The Stock Exchange of Hong Kong Limited.

    (2) The percentage ownership is calculated based upon 303,090,509 ordinary shares outstanding as of May 10, 2021 as reported in Cloopen Group Holding Limited’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020, filed on May 10, 2021.

                     

     

     

     

    CUSIP No. 18900M104  
    1.   NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Turbo Speed Technology 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
     
    Hong Kong
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
      5.   SOLE VOTING POWER
     
    0
      6.   SHARED VOTING POWER
     
    55,677,341(1)
      7.   SOLE DISPOSITIVE POWER
     
    0
      8.   SHARED DISPOSITIVE POWER
     
    55,677,341(1)
    9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    55,677,341(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)

    18.4%(2)
    12.   TYPE OF REPORTING PERSON (see instructions)

    CO
       

    (1) Turbo Speed Technology Limited indirectly owns the 55,677,341 ordinary shares. The 55,677,341 ordinary shares are owned directly by Main Access Limited, which is a wholly owned subsidiary of Turbo Speed Technology Limited, which is a wholly owned subsidiary of Success Bridge Limited, which is a wholly owned subsidiary of Hi Sun Technology (China) Limited, which is a company listed on The Stock Exchange of Hong Kong Limited.

    (2) The percentage ownership is calculated based upon 303,090,509 ordinary shares outstanding as of May 10, 2021 as reported in Cloopen Group Holding Limited’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020, filed on May 10, 2021.

                     

     

     

     

    CUSIP No. 18900M104  
    1.   NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Main Access 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
     
    Hong Kong
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
      5.   SOLE VOTING POWER
     
    0
      6.   SHARED VOTING POWER
     
    55,677,341(1)
      7.   SOLE DISPOSITIVE POWER
     
    0
      8.   SHARED DISPOSITIVE POWER
     
    55,677,341(1)
    9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    55,677,341(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)

    18.4%(2)
    12.   TYPE OF REPORTING PERSON (see instructions)

    CO
       

    (1) The 55,677,341 ordinary shares are owned directly by Main Access Limited, which is a wholly owned subsidiary of Turbo Speed Technology Limited, which is a wholly owned subsidiary of Success Bridge Limited, which is a wholly owned subsidiary of Hi Sun Technology (China) Limited, which is a company listed on The Stock Exchange of Hong Kong Limited.

    (2) The percentage ownership is calculated based upon 303,090,509 ordinary shares outstanding as of May 10, 2021 as reported in Cloopen Group Holding Limited’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020, filed on May 10, 2021.

                     

     

     

     

    Item 1.

      (a) Name of Issuer
    Cloppen Group Holding Limited
         
      (b)

    Address of Issuer’s Principal Office

    16/F, Tower A, Fairmont Tower
    33 Guangshun North Main Street
    Chaoyang District, Beijing
    People’s Republic of China

         

    Item 2.

      (a)

    Name of Persons Filing
    1. Hi Sun Technology (China) Limited

    2. Success Bridge Limited

    3. Turbo Speed Technology Limited

    4. Main Access Limited

         
      (b)

    Address of the Principal Office or, if none, residence
    Room 2515, 25th Floor,

    Sun Hung Kai Centre,

    30 Harbour Road,

    Wanchai, Hong Kong

         
      (c) Citizenship
    Hong Kong
         
      (d) Title of Class of Securities
    Class A ordinary shares, par value US$0.0001 per share
         
      (e) CUSIP Number
    18900M104
         

    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) ¨ 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) ¨ 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) ¨ A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J).
           
      (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

     

     

     

     

    Item 4.  Ownership.

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

             
      (a)   Amount beneficially owned:  55,677,341
             
      (b)   Percent of class:  18.4%
             
      (c)   Number of shares as to which the person has:  
             
          (i) Sole power to vote or to direct the vote:  0
             
          (ii) Shared power to vote or to direct the vote:  55,677,341
             
          (iii) Sole power to dispose or to direct the disposition of:  0
             
          (iv) Shared power to dispose or to direct the disposition of  55,677,341
             

    These shares are owned directly by Main Access Limited, which is a wholly owned subsidiary of Turbo Speed Technology Limited, which is a wholly owned subsidiary of Success Bridge Limited, which is a wholly owned subsidiary of Hi Sun Technology (China) Limited, which is a company listed on The Stock Exchange of Hong Kong Limited (Stock Code: 818). There is no ultimate controlling person of Main Access limited. Turbo Speed Technology Limited, Success Bridge Limited and Hi Sun Technology (China) Limited disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein. The percentage ownership is calculated based upon 303,090,509 ordinary shares outstanding as of May 10, 2021 as reported in Cloopen Group Holding Limited’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020, filed on May 10, 2021.

     

    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.

     

    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.

     

    Not applicable.

     

     

     

     

    CUSIP No. 18900M104 13G  

     

    After reasonable inquiry and to the best of each undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

     

      February 9, 2022
      Date
       
      HI SUN TECHNOLOGY (CHINA) LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title
       
      SUCCESS BRIDGE LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title
       
      TURBO SPEED TECHNOLOGY LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title
       
      MAIN ACCESS LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title

     

     

     

     

    JOINT FILING AGREEMENT

     

    In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including any and all amendments thereto) with respect to the ordinary shares of Cloopen Group Holding Limited, and that this Agreement may be included as an exhibit to such joint filing.

     

    The undersigned further agree that each party hereto is responsible for the timely filing of such statement on Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

     

    This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together shall constitute one and the same instrument.

     

    IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 9th day of February, 2022.

     

      HI SUN TECHNOLOGY (CHINA) LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title
       
      SUCCESS BRIDGE LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title
       
      TURBO SPEED TECHNOLOGY LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title
       
      MAIN ACCESS LIMITED
       
      /s/ LI Wenjin
      Signature
       
      LI Wenjin, Director
      Name/Title

     

     

     

    Get the next $RAAS alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $RAAS

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $RAAS
    SEC Filings

    View All

    SEC Form 6-K filed by Cloopen Group Holding Limited

    6-K - Cloopen Group Holding Ltd (0001804583) (Filer)

    2/7/24 7:13:09 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    SEC Form 6-K filed by Cloopen Group Holding Limited

    6-K - Cloopen Group Holding Ltd (0001804583) (Filer)

    12/1/23 7:12:02 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    SEC Form 6-K filed by Cloopen Group Holding Limited

    6-K - Cloopen Group Holding Ltd (0001804583) (Filer)

    10/26/23 8:15:23 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    $RAAS
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Cloopen Receives Notice from the NYSE to Suspend Trading and Commence Delisting Proceedings

    BEIJING, May 18, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it received a notice from the New York Stock Exchange ("NYSE") regarding the commencement of delisting proceedings of the Company's American depositary shares (the "ADSs") on the basis that the ADSs are not suitable for listing due to the Company's failure to file with the Securities and Exchange Commission its annual reports on Form 20-F for the years ended December 31, 2021 and December 31, 2022 and current report on Form 6-K for the half year ended June 30, 2022 (collectively, the "Delayed Filings") by May 17, 2023, which is the maximum time allowed under Secti

    5/18/23 8:00:00 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    Cloopen Regains Compliance with NYSE Minimum Price Requirement

    BEIJING, April 4, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that, based on a notification letter the Company received from the New York Stock Exchange (the "NYSE") on April 3, 2023, the Company has regained compliance with the NYSE's continued listing standard for minimum share price. On October 5, 2022, the NYSE notified the Company that it was not in compliance with the NYSE's continued listing standards because, as of October 4, 2022, the average closing price of the Company's American depositary shares (the "ADSs") was less than US$1.00 per ADS over a consecutive 30 trading-day period. In order to regain compliance with th

    4/4/23 8:00:00 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    Cloopen Announces ADS Ratio Change

    BEIJING, March 3, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it will change the ratio of its American depositary shares ("ADSs") to Class A ordinary shares from one (1) ADS representing two (2) Class A ordinary shares to one (1) ADS representing six (6) Class A ordinary shares. For Cloopen's ADS holders, this ratio change will have the same effect as a 1-for-3 reverse ADS split. There will be no change to Cloopen's Class A ordinary shares. Furthermore, no physical action by ADS holders will be required to effect the ratio change, as the change will be effected on the books of the depositary. The effect of the ratio change

    3/3/23 7:00:00 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    $RAAS
    Leadership Updates

    Live Leadership Updates

    View All

    Cloopen Announces the Appointment of HKCM as Independent Auditor

    BEIJING, Feb. 3, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced the appointment of HKCM CPA & Co ("HKCM") as the Company's independent registered public accounting firm to replace Yu Certified Public Accountant, P.C. ("Yu CPA"), effective February 3, 2023. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. From July 18, 2022, the date the Company engaged Yu CPA as its independent registered public accounting firm, to February 3, 2023, there were no (1) disagreements a

    2/3/23 7:00:00 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    Cloopen Announces the Appointment of Yu CPA as Independent Auditor

    BEIJING, July 19, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced the appointment of Yu Certified Public Accountant, P.C. ("Yu CPA") as the Company's independent registered public accounting firm, effective July 18, 2022. The appointment was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. Yu CPA replaces KPMG Huazhen LLP ("KPMG"), the Company's previous independent registered public accounting firm. The Company is working closely with Yu CPA and KPMG to ensure a seamless transition. About Cloopen Group Holding Limite

    7/19/22 8:30:00 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    $RAAS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by Cloopen Group Holding Limited

    SC 13G - Cloopen Group Holding Ltd (0001804583) (Subject)

    2/5/24 9:42:55 PM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    SEC Form SC 13G filed by Cloopen Group Holding Limited

    SC 13G - Cloopen Group Holding Ltd (0001804583) (Subject)

    2/8/23 6:19:58 AM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology

    SEC Form SC 13G filed by Cloopen Group Holding Limited

    SC 13G - Cloopen Group Holding Ltd (0001804583) (Subject)

    2/14/22 4:57:56 PM ET
    $RAAS
    Computer Software: Prepackaged Software
    Technology