SEC Form SC 13G/A filed by DouYu International Holdings Limited (Amendment)

$DOYU
Computer Software: Programming Data Processing
Technology
Get the next $DOYU alert in real time by email
SC 13G/A 1 dp166870_sc13ga-2.htm FORM SC 13G/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

DouYu International Holdings Limited
(Name of Issuer)
 
Ordinary shares, par value US$0.0001 per share
(Title of Class of Securities)
 
25985W105**
(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.

 

** There is no CUSIP number assigned to the ordinary shares. CUSIP number 25985W105 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on NASDAQ Stock Market under the symbol “DOYU.” Every ten ADSs represent one ordinary share, par value US$0.0001 per share.

 

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. 25985W105    

 

1.

Names of Reporting Persons


Shaojie Chen

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

119,193 ordinary shares(1)

6.

Shared Voting Power

5,124,102 ordinary shares(2)

7.

Sole Dispositive Power

119,193 ordinary shares(1)

8.

Shared Dispositive Power

5,124,102 ordinary shares(2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,243,295 ordinary shares (3)

10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11.

Percent of Class Represented by Amount in Row (9)

 

16.2% (4)

12.

Type of Reporting Person

 

IN

 

(1) Represents 119,193 ordinary shares underlying the restricted share units (“RSUs”) granted to Mr. Chen under the DouYu International Holdings Limited Amended and Restated Restricted Share Unit Scheme (the “Amended and Restated 2018 RSU Scheme”), which will become vested within 60 days after December 31, 2021.

 

(2) Represents 5,124,102 ordinary shares held by Warrior Ace Holding Limited, a British Virgin Islands company wholly owned by Mr. Shaojie Chen.

 

(3) Represents (i) 5,124,102 ordinary shares held by Warrior Ace Holding Limited, a British Virgin Islands company wholly owned by Shaojie Chen; and (ii) 119,193 ordinary shares underlying the RSUs granted to Mr. Chen under the Amended and Restated 2018 RSU Scheme, which will become vested within 60 days after December 31, 2021.

 

(4) Calculated based on 32,327,391 ordinary shares issued and outstanding as of December 31, 2021, and 119,193 ordinary shares corresponding to RSUs granted to Mr. Chen that will become vested within 60 days after December 31, 2021.

 

 

 

CUSIP No. 25985W105    

 

1.

Names of Reporting Persons


Warrior Ace Holding Limited

2. Check the Appropriate Box if a Member of a Group (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

0

6.

Shared Voting Power

5,124,102 ordinary shares(1)

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

5,124,102 ordinary shares(1)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,124,102 ordinary shares (1)

10.

Check Box if the Aggregate Amount In Row (9) Excludes
Certain Shares ☐

 

11.

Percent of Class Represented By Amount in Row (9)

 

15.9% (2)

12.

Type of Reporting Person

 

CO

 

(1) Represents 5,124,102 ordinary shares held by Warrior Ace Holding Limited, a British Virgin Islands company wholly owned by Mr. Shaojie Chen.

 

(2) Calculated based on 32,327,391 ordinary shares issued and outstanding as of December 31, 2021.

 

 

 

Item 1(a).Name of Issuer:

 

DouYu International Holdings Limited (the “Issuer”)

 

Item 1(b).Address of Issuer’s Principal Executive Offices:

 

20/F, Building A, New Development International Center, No. 473 Guanshan Avenue, Hongshan District, Wuhan, Hubei Province, The People’s Republic of China

 

Item 2(a).Name of Person Filing:

 

Shaojie Chen

Warrior Ace Holding Limited

(collectively, the “Reporting Persons”)

 

Item 2(b).Address of Principal Business Office or, if none, Residence:

 

Shaojie Chen

20/F, Building A, New Development International Center, No. 473 Guanshan Avenue, Hongshan District, Wuhan, Hubei Province, the People's Republic of China

 

Warrior Ace Holding Limited

Sea Meadow House, Blackburne Highway, (P.O. Box 116), Road Town, Tortola, British Virgin Islands

 

Item 2(c).Citizenship:

 

Shaojie Chen: People’s Republic of China

Warrior Ace Holding Limited: British Virgin Islands

 

Item 2(d).Title of Class of Securities:

 

Ordinary shares, par value US$0.0001 per share

 

Item 2(e).CUSIP Number:

 

CUSIP number 25985W105 has been assigned to the American depositary shares (“ADSs”) of the Issuer, ten of which represent one ordinary share, par value $0.0001 per share.

 

Item 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c):

 

Not applicable.

 

Item 4.Ownership.

 

The following information with respect to the ownership of the ordinary shares of par value of US$0.0001 per share of the Issuer by each of the Reporting Persons is provided as of December 31, 2021:

 

Reporting Person

Amount beneficially owned:

Percent of class:

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:

Percent of Aggregate voting power:

Shaojie Chen 5,243,295 16.2% (1) 119,193 5,124,102 119,193 5,124,102 16.2%
Warrior Ace Holding Limited 5,124,102 15.9% (2) 0 5,124,102 0 5,124,102 15.9%

 

 

(1) The percentage of class of securities beneficially owned by Shaojie Chen is based on a total of 32,327,391 ordinary shares of the Issuer issued and outstanding as of December 31, 2021, and 119,193 ordinary shares corresponding to RSUs granted to Mr. Chen that will become vested within 60 days after December 31, 2021.

 

 

 

(2) The percentage of class of securities beneficially owned by Warrior Ace Holding Limited is based on a total of 32,327,391 ordinary shares of the Issuer issued and outstanding as of December 31, 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.Certifications.

 

Not applicable.

 

 

 

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 9, 2022

 

  Shaojie Chen
   
   
  By: /s/ Shaojie Chen
    Name: Shaojie Chen
     
     
     
 

Warrior Ace Holding Limited

   
   
  By: /s/ Shaojie Chen
    Name: Shaojie Chen
    Title: Director

 

 

LIST OF EXHIBITS

 

Exhibit No.   Description
1   Joint Filing Agreement
     

 

 

Exhibit 1

 

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.

 

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning another party unless such party knows or has reason to believe such information is inaccurate.

 

This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

Dated: February 9, 2022

 

  Shaojie Chen
   
   
  By: /s/ Shaojie Chen
    Name: Shaojie Chen
     
     
     
 

Warrior Ace Holding Limited

   
   
  By: /s/ Shaojie Chen
    Name: Shaojie Chen
    Title: Director

 

Get the next $DOYU alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$DOYU

DatePrice TargetRatingAnalyst
3/18/2025$10.50Sell → Neutral
Citigroup
3/17/2025Reduce → Hold
HSBC Securities
9/24/2024Hold → Reduce
HSBC Securities
4/14/2023$1.10 → $1.20Underweight → Neutral
JP Morgan
11/22/2022$1.55 → $1.10Neutral → Sell
Citigroup
3/14/2022$1.20Neutral → Underweight
JP Morgan
12/27/2021$3.30Underperform
BofA Securities
7/13/2021$6.00Hold
China Renaissance
More analyst ratings

$DOYU
Press Releases

Fastest customizable press release news feed in the world

See more
  • Dou Yu International Holdings Limited Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

    WUHAN, China, March 14, 2025 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2024. Fourth Quarter 2024 Financial and Operational Highlights Total net revenues in the fourth quarter of 2024 were RMB1,136.0 million (US$155.6 million), compared with RMB1,296.0 million in the same period of 2023.Gross profit in the fourth quarter of 2024 was RMB69.8 million (US$9.6 million), compared with RMB126.2 million in the same period of 2023.Net loss in th

    $DOYU
    Computer Software: Programming Data Processing
    Technology
  • DouYu International Holdings Limited to Report Fourth Quarter and Full Year 2024 Financial Results on March 14, 2025

    WUHAN, China, March 7, 2025 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Friday, March 14, 2025. The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/. DouYu's management will hold a conference call on Friday, March 14, 2025, at 7:00 a.m. Eastern Time or 7:00 p.m. Beijing Time to discuss the financial results. Listeners may access the call by dia

    $DOYU
    Computer Software: Programming Data Processing
    Technology
  • DouYu International Holdings Limited Announces Ex-dividend Date

    WUHAN, China, Jan. 27, 2025 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:DOYU) a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that Nasdaq has set February 21, 2025, as the ex-dividend date for the special cash dividend that was announced on January 16, 2025. As the special cash dividend of US$9.94 per ordinary share, or US$9.94 per American Depositary Share ("ADS"), net of a handling fee of US$0.05 per ADS charged by the depositary bank, exceeds 25% of the Company's ADS price, pursuant to the rules of Nasdaq, the ex-dividend date is February 21, 2025, the first business day following

    $DOYU
    Computer Software: Programming Data Processing
    Technology

$DOYU
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$DOYU
SEC Filings

See more

$DOYU
Leadership Updates

Live Leadership Updates

See more
  • LightInTheBox Announces Appointment of Director and Chairman of the Board

    SINGAPORE, Aug. 27, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE:LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced the appointment of Mr. Zhi Yan as a director to the board of directors of the Company (the "Board") and to succeed Mr. Jian He as the chairman of the Board, effective August 26, 2024 (the "Appointment"). Following the Appointment, Mr. Jian He will remain as a director of the Board and the Chief Executive Officer of the Company. Mr. Zhi Yan has previously served as the Company's director from March 2016 to March 2023. He has extensive investment and corporate management experience in

    $DOYU
    $LITB
    Computer Software: Programming Data Processing
    Technology
    Catalog/Specialty Distribution
    Consumer Discretionary
  • DouYu Announces Changes to its Board of Directors and Management

    WUHAN, China, Dec. 7, 2021 /PRNewswire/ -- DouYu International Holdings Limited ("Douyu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced changes to its board of directors and management. Mr. Wenming Zhang has tendered his voluntary resignation from his position as a director and co-chief executive officer of the Company due to personal reasons, effective as of December 7, 2021. Ms. Yang Deng has been appointed as a director on the Company's board of directors (the "Board"), effective as of December 7, 2021. In addition, Mr. Mingming Su, the Company's director and Chief Strategy Officer, will s

    $DOYU
    $VIPS
    $XNET
    Computer Software: Programming Data Processing
    Technology
    Catalog/Specialty Distribution
    Consumer Discretionary

$DOYU
Financials

Live finance-specific insights

See more
  • Dou Yu International Holdings Limited Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

    WUHAN, China, March 14, 2025 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2024. Fourth Quarter 2024 Financial and Operational Highlights Total net revenues in the fourth quarter of 2024 were RMB1,136.0 million (US$155.6 million), compared with RMB1,296.0 million in the same period of 2023.Gross profit in the fourth quarter of 2024 was RMB69.8 million (US$9.6 million), compared with RMB126.2 million in the same period of 2023.Net loss in th

    $DOYU
    Computer Software: Programming Data Processing
    Technology
  • DouYu International Holdings Limited to Report Fourth Quarter and Full Year 2024 Financial Results on March 14, 2025

    WUHAN, China, March 7, 2025 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Friday, March 14, 2025. The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/. DouYu's management will hold a conference call on Friday, March 14, 2025, at 7:00 a.m. Eastern Time or 7:00 p.m. Beijing Time to discuss the financial results. Listeners may access the call by dia

    $DOYU
    Computer Software: Programming Data Processing
    Technology
  • DouYu International Holdings Limited Reports Third Quarter 2024 Unaudited Financial Results

    WUHAN, China, Nov. 20, 2024 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Highlights Total net revenues in the third quarter of 2024 were RMB1,063.1 million (US$151.5 million), compared with RMB1,359.2 million in the same period of 2023.Gross profit in the third quarter of 2024 was RMB60.8 million (US$8.7 million), compared with RMB192.4 million in the same period of 2023. Net income in the third quarter of

    $DOYU
    Computer Software: Programming Data Processing
    Technology

$DOYU
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more