SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Weidai Ltd.
(Name of Issuer)
Class A Ordinary Shares, par value of US$0.000002
(Title of Class of Securities)
G9T19C 105
(CUSIP Number)
April 18, 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:
| ¨ | Rule 13d-1(b) |
| x | 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 the disclosures provided in a prior cover page.
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. G9T19C 105 | |||
| 1 | Name of Reporting Persons Yichun Hua | ||
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) | ||
| (a) | ¨ | ||
| (b) | x | ||
| 3 | SEC Use Only | ||
| 4 | Citizenship or Place
of Organization Hong Kong S.A.R, People’s Republic of China | ||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power 5,534,455 |
| 6 | Shared Voting Power 0 | |
| 7 | Sole Dispositive Power 5,534,455 | |
| 8 |
Shared Dispositive Power 0 | |
| 9 | Aggregate Amount Beneficially
Owned by Each Reporting Person 5,534,455 | |
| 10 | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11 | Percent of
Class Represented by Amount in Row (11) 7.85%(1) | |
| 12 | Type of Reporting Person (See Instructions) IN | |
(1) This percentage is calculated based on 70,461,455 ordinary shares, comprised of 35,390,055 Class A ordinary shares and 35,071,400 Class B ordinary shares, reported as outstanding by Weidai Ltd. (the “Issuer”) as of December 31, 2021. Each Class B ordinary share is convertible at the option of the holder into one Class A ordinary share. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. The rights of the holders of Class A ordinary shares and Class B ordinary shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B ordinary share is entitled to five votes per share, whereas each Class A ordinary share is entitled to one vote per share.
| Item 1. | ||
| (a) | Name of Issuer: Weidai Ltd. (“Issuer”) | |
| (b) | Address of Issuer’s Principal Executive Offices: Hongxin Science and Technology Park, No. 668, Jianshe 3rd Road, Xiaoshan District, Hangzhou, Zhejiang Province, The People’s Republic of China | |
| Item 2. | ||
| (a) | Name of Person Filing: Yichun Hua | |
| (b) | Address of Principal Business Office or, if none, Residence: Flat 702, Unit 1, Building 1, Phase 3, Youyijiayuan, Beijing, The People’s Republic of China | |
| (c) | Citizenship: Yichun Hua is a citizen of Hong Kong S.A.R, People’s Republic of China. | |
| (d) | Title of Class of Securities: Class A ordinary shares, par value US$0.000002. | |
| (e) | CUSIP Number: G9T19C 105 | |
| 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 § 240.13d-1(b)(1)(ii)(J);
(k) ¨ 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: ____
| Item 4. | Ownership. | ||
| (a) |
Amount beneficially owned:
See Item 9 of the cover pages to this Schedule 13G. | ||
| (b) |
Percent of class:
See Item 11of the cover pages to this Schedule 13G. | ||
| (c) |
Number of shares as to which the person has:
| ||
| (i) |
Sole power to vote or to direct the vote
| ||
| (ii) |
Shared power to vote or to direct the vote
| ||
| (iii) |
Sole power to dispose or to direct the disposition of
| ||
| (iv) |
Shared power to dispose or to direct the disposition of
See Items 5 through 8 of the cover pages to this Schedule 13G. | ||
| 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. o | |||
| 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. | ||
| By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above 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. | |||
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: May 17, 2022 | |||
| Yichun Hua | |||
| /s/ Yichun Hua | |||
| Name: | Yichun Hua | ||