SEC Form SC 13G filed by Zhangmen Education Inc.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Zhangmen Education Inc.
(Name of Issuer)
Class A ordinary shares, $0.00001 par value per share
(Title of Class of Securities)
98955H200**
(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) |
| ☒ | 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. |
| ** | CUSIP number 98955H200 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the New York Stock Exchange under the symbol “ZME.” Each ADS represents seventy-two Class A ordinary shares of the Issuer. |
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).
Page 2 of 10 Pages
| 1 |
Name of Reporting Person
Shanghai Wenwei I Enterprise Management Partnership (Limited Partnership) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (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
87,788,787 (1) | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
87,788,787 (1) | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
87,788,787 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row (9)
6.2%(2) (or 1.2%(2) of the aggregate voting power) | |||||
| 12 | Type of Reporting Person
PN | |||||
| (1) | Represents 87,788,787 Class A ordinary shares (87,788,736 of which is represented by 1,219,288 ADSs) held by Shanghai Wenwei I Enterprise Management Partnership (Limited Partnership) (hereinafter, “Wenwei I”). |
| (2) | The beneficial ownership percentage is calculated based on 1,419,033,360 ordinary shares of the Issuer as a single class, being the sum of (i) 1,224,155,349 Class A ordinary shares issued and outstanding as of June 7, 2021, and (ii) 194,878,011 Class B ordinary shares issued and outstanding as of June 7, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission on June 9, 2021. The voting power of the shares beneficially owned represented 1.2% of the total outstanding voting power. |
2
Page 3 of 10 Pages
| 1 |
Name of Reporting Person
Shunwei Capital Venture Investment Partnership (Limited Partnership) of Lhasa Economic and Technological Development Zone | |||||
| 2 | Check the Appropriate Box if a Member of a Group (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
87,788,787 (1) | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
87,788,787 (1) | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
87,788,787 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row (9)
6.2%(2) (or 1.2%(2) of the aggregate voting power) | |||||
| 12 | Type of Reporting Person
PN | |||||
| (1) | Represents 87,788,787 Class A ordinary shares (87,788,736 of which is represented by 1,219,288 ADSs) held by Wenwei I. Shunwei Capital Venture Investment Partnership (Limited Partnership) of Lhasa Economic and Technological Development Zone (hereinafter, “Shunwei Investment of Lhasa”) is the general partner of Wenwei I. |
| (2) | The beneficial ownership percentage is calculated based on 1,419,033,360 ordinary shares of the Issuer as a single class, being the sum of (i) 1,224,155,349 Class A ordinary shares issued and outstanding as of June 7, 2021, and (ii) 194,878,011 Class B ordinary shares issued and outstanding as of June 7, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission on June 9, 2021. The voting power of the shares beneficially owned represented 1.2% of the total outstanding voting power. |
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Page 4 of 10 Pages
| 1 | Name of Reporting Person Lhasa Economic and Technological Development Zone Shunwei Capital Investment Consulting Co., Ltd. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (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
87,788,787 (1) | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
87,788,787 (1) | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
87,788,787 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row (9)
6.2%(2) (or 1.2%(2) of the aggregate voting power) | |||||
| 12 | Type of Reporting Person
CO | |||||
| (1) | Represents 87,788,787 Class A ordinary shares (87,788,736 of which is represented by 1,219,288 ADSs) held by Wenwei I. Shunwei Investment of Lhasa is the general partner of Wenwei I. Lhasa Economic and Technological Development Zone Shunwei Capital Investment Consulting Co., Ltd. (hereinafter, “Shunwei Investment Consulting”) is the general partner of Shunwei Investment of Lhasa. |
| (2) | The beneficial ownership percentage is calculated based on 1,419,033,360 ordinary shares of the Issuer as a single class, being the sum of (i) 1,224,155,349 Class A ordinary shares issued and outstanding as of June 7, 2021, and (ii) 194,878,011 Class B ordinary shares issued and outstanding as of June 7, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission on June 9, 2021. The voting power of the shares beneficially owned represented 1.2% of the total outstanding voting power. |
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Page 5 of 10 Pages
| 1 |
Name of Reporting Person
Jun Lei | |||||
| 2 | Check the Appropriate Box if a Member of a Group (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
87,788,787 (1) | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
87,788,787 (1) | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
87,788,787 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row (9)
6.2%(2) (or 1.2%(2) of the aggregate voting power) | |||||
| 12 | Type of Reporting Person
IN | |||||
| (1) | Represents 87,788,787 Class A ordinary shares (87,788,736 of which is represented by 1,219,288 ADSs) held by Wenwei I. Shunwei Investment of Lhasa is the general partner of Wenwei I. Shunwei Investment Consulting is the general partner of Shunwei Investment of Lhasa. Jun Lei holds more than 50% of equity interests in Shunwei Investment Consulting. |
| (2) | The beneficial ownership percentage is calculated based on 1,419,033,360 ordinary shares of the Issuer as a single class, being the sum of (i) 1,224,155,349 Class A ordinary shares issued and outstanding as of June 7, 2021, and (ii) 194,878,011 Class B ordinary shares issued and outstanding as of June 7, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission on June 9, 2021. The voting power of the shares beneficially owned represented 1.2% of the total outstanding voting power. |
5
Page 6 of 10 Pages
| Item 1(a). | Name of Issuer:
Zhangmen Education Inc. | |
| Item 1(b). | Address of Issuer’s Principal Executive Offices:
No.82 Tongjia Road, Hongkou District, Shanghai, People’s Republic of China | |
| Item 2(a). | Name of Person Filing:
(i) Shanghai Wenwei I Enterprise Management Partnership (Limited Partnership) (“Wenwei I”);
(ii) Shunwei Capital Venture Investment Partnership (Limited Partnership) of Lhasa Economic and Technological Development Zone (“Shunwei Investment of Lhasa”);
(iii) Lhasa Economic and Technological Development Zone Shunwei Capital Investment Consulting Co., Ltd. (“Shunwei Investment Consulting”); and
(iv) Jun Lei (collectively with Wenwei I, Shunwei Investment of Lhasa, Shunwei Investment Consulting, the “Reporting Persons”). | |
| Item 2(b). | Address of Principal Business Office or, if none, Residence:
The addresses of the Reporting Persons are:
For Wenwei I Room 1125, No. 35, Rijing Road Shanghai Pilot People’s Republic of China
For Shunwei Investment of Lhasa Yangguang New Town B1-502 Lhasa Economic and Technological Development Zone People’s Republic of China | |
| For Shunwei Investment Consulting Unite 5, 4-1, Shitong Yangguang New Town, Bldg 3 158 Jinzhu West Road Lhasa Economic and Technological Development Zone People’s Republic of China | ||
| For Jun Lei RM801, BLDG D1, Liangmaqiao DRC Office Tower Chaoyang District Beijing, People’s Republic of China | ||
| Item 2(c) | Citizenship:
Wenwei I – People’s Republic of China Shunwei Investment of Lhasa – People’s Republic of China Shunwei Investment Consulting – People’s Republic of China Jun Lei – People’s Republic of China | |
| Item 2(d). | Title of Class of Securities:
Class A ordinary shares, par value US$0.00001 per share, of the Issuer.
The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to 30 votes per share, on all matters submitted to shareholders for vote. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. | |
6
Page 7 of 10 Pages
| Item 2(e). | CUSIP Number:
98955H200
This CUSIP number applies to the American depositary shares of the Issuer, each representing seventy-two Class A ordinary shares of the Issuer. | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a: | |
| Not applicable | ||
| Item 4. | Ownership: | |
The following information with respect to the ownership of Class A ordinary shares by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021:
| Reporting Persons |
Sole Voting Power |
Shared Voting Power) |
Sole Dispositive Power |
Shared Dispositive Power |
Beneficial Ownership |
Percentage of Class A Ordinary Shares(1) |
Percentage of Total Ordinary Shares(1) |
Percentage of the Aggregate Voting Power(2) |
||||||||||||||||||||||||
| Shanghai Wenwei I Enterprise Management Partnership (Limited Partnership) .(3) |
87,788,787 | 0 | 87,788,787 | 0 | 87,788,787 | 7.2 | % | 6.2 | % | 1.2 | % | |||||||||||||||||||||
| Shunwei Capital Venture Investment Partnership (Limited Partnership) of Lhasa Economic and Technological Development Zone(3) |
87,788,787 | 0 | 87,788,787 | 0 | 87,788,787 | 7.2 | % | 6.2 | % | 1.2 | % | |||||||||||||||||||||
| Lhasa Economic and Technological Development Zone Shunwei Capital Investment Consulting Co., Ltd. (3) |
87,788,787 | 0 | 87,788,787 | 0 | 87,788,787 | 7.2 | % | 6.2 | % | 1.2 | % | |||||||||||||||||||||
| Jun Lei |
87,788,787 | 0 | 87,788,787 | 0 | 87,788,787 | 7.2 | % | 6.2 | % | 1.2 | % | |||||||||||||||||||||
| (1) | The beneficial ownership percentage is calculated based on 1,419,033,360 ordinary shares of the Issuer as a single class, being the sum of (i) 1,224,155,349 Class A ordinary shares issued and outstanding as of June 7, 2021, and (ii) 194,878,011 Class B ordinary shares issued and outstanding as of June 7, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission on June 9, 2021. |
7
Page 8 of 10 Pages
| (2) | The percentage of voting power is calculated by dividing the voting power beneficially owned by each Reporting Person by the voting power of all of the Issuer’s Class A ordinary shares and Class B ordinary shares as a single class. Each Class A ordinary share is entitled to one vote and each Class B ordinary share is entitled to 30 votes, on all matters submitted to them for vote. |
| (3) | Shunwei Investment of Lhasa is the general partner of Wenwei I. Shunwei Investment Consulting is the general partner of Shunwei Investment of Lhasa. Jun Lei holds more than 50% of equity interests in Shunwei Investment Consulting. |
| 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 Controlling 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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Page 9 of 10 Pages
LIST OF EXHIBITS
| Exhibit No. | Description | |
| 99.1 | Joint Filing Agreement by and among the Reporting Persons dated February 14, 2022 | |
9
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: February 14, 2022
| Shanghai Wenwei I Enterprise Management Partnership (Limited Partnership) | By: | /s/ Wenjing Ma | ||
| Name: Wenjing Ma | ||||
| Title: Authorized Signatory | ||||
| Shunwei Capital Venture Investment Partnership (Limited Partnership) of Lhasa | ||||
| Economic and Technological Development Zone | By: | /s/ Jun Lei | ||
| Name: Jun Lei | ||||
| Title: Authorized Signatory | ||||
| Lhasa Economic and Technological Development Zone Shunwei Capital | ||||
| Investment Consulting Co., Ltd. | By: | /s/ Jun Lei | ||
| Name: Jun Lei | ||||
| Title: Authorized Signatory | ||||
| Jun Lei | /s/ Jun Lei | |||
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