SEC Form SC 13G filed by Ispire Technology Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ISPIRE TECHNOLOGY INC.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
46501C100
(CUSIP Number)
December 31, 2023
(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) |
| ☒ | 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 46501C100
| 1. | Names of Reporting Persons
Pride Worldwide Investment 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
33,250,000 (1) |
| 6. | Shared Voting Power
0 | |
| 7. | Sole Dispositive Power
33,250,000 (1) | |
| 8. | Shared Dispositive Power
0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
33,250,000 (1) |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ |
| 11. | Percent of Class Represented by Amount in Row (9)
59.0%(1)(3) |
| 12. | Type of Reporting Person (See Instructions)
CO |
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CUSIP 46501C100
| 1. | Names of Reporting Persons
Tuanfang Liu |
| 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
People’s Republic of China |
Number of Shares Beneficially Owned By Each Reporting Person With: |
5. | Sole Voting Power
33,250,000 (1) |
| 6. | Shared Voting Power
| |
| 7. | Sole Dispositive Power
33,250,000 (1) | |
| 8. | Shared Dispositive Power
|
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
33,250,000 (1) |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☒ |
| 11. | Percent of Class Represented by Amount in Row (9)
59.0%(1)(3) |
| 12. | Type of Reporting Person (See Instructions)
IN |
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CUSIP 46501C100
| 1. | Names of Reporting Persons
Jiangyan Zhu |
| 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
People’s Republic of China |
Number of Shares Beneficially Owned By Each Reporting Person With: |
5. | Sole Voting Power
2,500,000(2) |
| 6. | Shared Voting Power
| |
| 7. | Sole Dispositive Power
2,500,000(2) | |
| 8. | Shared Dispositive Power
|
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,500,000(2) |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☒ |
| 11. | Percent of Class Represented by Amount in Row (9)
4.4%(2)(3) |
| 12. | Type of Reporting Person (See Instructions)
IN |
| (1) | These shares are held directly by Pride Worldwide Investment Limited. Tuanfang Liu, the co-chief executive officer of the Issuer, is the sole shareholder of Pride Worldwide Investment Limited. Consequently, he may be deemed the beneficial owner of the shares held by Pride Worldwide Investment Limited. Mr. Liu disclaims beneficial interest in shares beneficially owned by his wife, Jiangyan Zhu, a director of the Issuer. |
| (2) | Jiangyan Zhu, a director of the Issuer and spouse of the Issuer’s co-chief executive officer, Tuanfang Liu, is the sole shareholder of Honor Epic International Limited, the direct owner of these shares. Consequently, she may be deemed the beneficial owner of the shares held by Honor Epic International Limited. Ms. Zhu disclaims beneficial interest in shares beneficially owned by her husband. |
| (3) | Based on 56,400,636 shares of common stock outstanding on May 10, 2024 as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 2024. |
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| Item 1(a). | Name of Issuer |
Ispire Technology Inc. (the “Issuer”)
| Item 1(b). | Address of the Issuer’s Principal Executive Offices |
19700 Magellan Drive
Los Angeles, California
| Item 2(a). | Names of Persons Filing |
Pride Worldwide Investment Limited, Tuanfang Liu, and Jiangyan Zhu (collectively, the “Reporting Persons”)
| Item 2(b). | Address of Principal Business Office, or if None, Residence: |
19700 Magellan Drive
Los Angeles, California
| Item 2(c). | Citizenship |
Pride Worldwide Investment Limited is a company incorporated under the laws of British Virgin Islands. Tuanfang Liu and Jiangyan Zhu are citizens of People’s Republic of China.
| Item 2(d). | Title of Class of Securities |
Common stock, $0.0001 par value per share.
| Item 2(e). | CUSIP Number |
46501C 100
| Item 3. | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: |
| ☐ | (a) Broker or Dealer registered under Section 15 of the Exchange Act. | |
| ☐ | (b) Bank as defined in Section 3(a)(b) or the Exchange Act. | |
| ☐ | (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act. | |
| ☐ | (d) Investment company registered under Section 8 of the Investment Company Act. | |
| ☐ | (e) An Investment adviser in accordance with Rule 13d-1 (b)(1)(ii)(E). | |
| ☐ | (f) An employee benefit plan or endowment fund in accordance with Rule 13d 1(b)(1)(ii)(F). | |
| ☐ | (g) A parent holding company or control person in accordance with Rule 13d 1(b)(1)(ii)(G). |
| ☐ | (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. |
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| ☐ | (i) A church plan that is excluded from the definition of an investment company under Section 3 (c)(14) of the Investment Company Act. | |
| ☐ | (j) A non-U.S. institution in accordance with Rule 13d-1 (b)(1)(ii)(J) | |
| ☐ | (k) Group, in accordance with Rule 13d-1 (b)(1)(ii)(K). | |
| Not applicable |
| Item 4. | Ownership |
The responses to Items 5-11 of the cover pages of this Schedule 13G including the footnotes are incorporated herein by reference.
| 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
| Item 9. | Notice of Dissolution of Group |
Not Applicable
| Item 10. | Certifications |
Not Applicable
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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.
DATE: July 12, 2024
| Pride Worldwide Investment Limited | ||
| By: | /s/ Tuanfang Liu | |
| Name: | Tuanfang Liu | |
| Title: | Director | |
| /s/ Tuanfang Liu | ||
| Name: | Tuanfang Liu | |
| /s/ Jiangyan Zhu | ||
| Name: | Jiangyan Zhu |
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)
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