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

    2/14/24 4:02:57 PM ET
    $EH
    Aerospace
    Industrials
    Get the next $EH alert in real time by email
    SC 13G/A 1 d758043dsc13ga.htm SCHEDULE 13G AMENDMENT NO.4 Schedule 13G Amendment No.4

     

     

    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. 4)*

     

     

    EHang Holdings Limited

    (Name of Issuer)

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

    (Title of Class of Securities)

    26853E 102**

    (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.

     

    **

    CUSIP number 26853E 102 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol “EH.” Each ADS represents two Class A ordinary shares of the Issuer. No CUSIP has been assigned to the Issuer’s Class A ordinary shares.

    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. 26853E 102   Schedule 13G   Page 2 of 7 Pages

     

     1   

     Name of Reporting Person

     

     Huazhi Hu

     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

     

     39,946,818(1)

       6  

     Shared Voting Power

     

     0

       7  

     Sole Dispositive Power

     

     39,946,818(1)

       8  

     Shared Dispositive Power

     

     0

     9   

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     39,946,818(1)

    10  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

     ☐

    11  

     Percent of Class Represented by Amount in Row 9

     

     31.5%(2)

    12  

     Type of Reporting Person

     

     IN

     

    (1)

    Represents (i) 250,000 Class A ordinary shares and 39,026,560 Class B ordinary shares held by Genesis Rising Limited, a British Virgin Islands company wholly owned by Mr. Huazhi Hu, and (ii) 670,258 Class A ordinary shares held by Mr. Huazhi Hu in the form of 335,129 ADSs. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes. 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.

    (2)

    Calculation is based on a total of 127,011,481 ordinary shares (being the sum of 87,984,921 Class A ordinary shares and 39,026,560 Class B ordinary shares) of the Issuer outstanding as of December 31, 2023, as disclosed by the Issuer to the Reporting Persons. Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership of the Reporting Persons.

     

    2


    CUSIP No. 26853E 102   Schedule 13G   Page 3 of 7 Pages

     

     1   

     Name of Reporting Person

     

     Genesis Rising 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

     

     39,276,560(3)

       6  

     Shared Voting Power

     

     0

       7  

     Sole Dispositive Power

     

     39,276,560(3)

       8  

     Shared Dispositive Power

     

     0

     9   

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     39,276,560(3)

    10  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

     ☐

    11  

     Percent of Class Represented by Amount in Row 9

     

     30.9%(4)

    12  

     Type of Reporting Person

     

     CO

     

    (3)

    Represents 250,000 Class A ordinary shares and 39,026,560 Class B ordinary shares held by Genesis Rising Limited. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes. 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.

    (4)

    Calculation is based on a total of 127,011,481 ordinary shares (being the sum of 87,984,921 Class A ordinary shares and 39,026,560 Class B ordinary shares) of the Issuer outstanding as of December 31, 2023, as disclosed by the Issuer to the Reporting Persons. Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership of the Reporting Persons.

     

    3


    CUSIP No. 26853E 102   Schedule 13G   Page 4 of 7 Pages

     

    Item 1(a).   

    Name of Issuer:

     

    EHang Holdings Limited (the “Issuer”)

    Item 1(b).   

    Address of Issuer’s Principal Executive Offices:

     

    11/F Building One, EHang Technology Park, No.29 Bishan Blvd., Huangpu District, Guangzhou, 510700, People’s Republic of China

    Item 2(a).   

    Name of Person Filing:

     

    (i) Huazhi Hu and (ii) Genesis Rising Limited (collectively, the “Reporting Persons”)

    Item 2(b).   

    Address of Principal Business Office or, if none, Residence:

     

    11/F Building One, EHang Technology Park, No.29 Bishan Blvd., Huangpu District, Guangzhou, 510700, People’s Republic of China

    Item 2(c)   

    Citizenship:

     

    Huazhi Hu - the People’s Republic of China

    Genesis Rising Limited - the British Virgin Islands

    Item 2(d).   

    Title of Class of Securities:

     

    Class A ordinary shares, par value US$0.0001 per share, of the Issuer. The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share is entitled to one vote and each Class B ordinary share is entitled to ten votes, 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.

    Item 2(e).   

    CUSIP Number:

     

    26853E 102. This CUSIP number applies to the American depositary shares of the Issuer, each representing two Class A ordinary shares of the Issuer. No CUSIP has been assigned to the Issuer’s Class A ordinary shares.

    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:

     

    Reporting Person

       Amount
    beneficially
    owned:
        Percent
    of class(1):
        Percent of
    aggregate
    voting
    power(2):
        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:
     

    Huazhi Hu

         39,946,818 (3)      31.5 %      81.8 %      39,946,818        0        39,946,818        0  

    Genesis Rising Limited

         39,276,560 (4)      30.9 %      81.7 %      39,276,560        0        39,276,560        0  

     

    (1)

    The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 127,011,481 ordinary shares (being the sum of 87,984,921 Class A ordinary shares and 39,026,560 Class B ordinary shares) of the Issuer outstanding as of December 31, 2023, as disclosed by the Issuer to the Reporting Persons. 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. The Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership of the Reporting Persons.

    (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 ten votes, on all matters submitted to them for vote.

    (3)

    Represents (i) 250,000 Class A ordinary shares and 39,026,560 Class B ordinary shares held by Genesis Rising Limited, a British Virgin Islands company wholly owned by Mr. Huazhi Hu, and (ii) 670,258 Class A ordinary shares held by Mr. Huazhi Hu in the form of 335,129 ADSs.

    (4)

    Represents 250,000 Class A ordinary shares and 39,026,560 Class B ordinary shares held by Genesis Rising Limited.

     

    4


    CUSIP No. 26853E 102   Schedule 13G   Page 5 of 7 Pages

     

    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

     

    5


    CUSIP No. 26853E 102   Schedule 13G   Page 6 of 7 Pages

     

    LIST OF EXHIBITS

     

    Exhibit No.

      

    Description

    99.1    Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Issuer on February 14, 2020)


    CUSIP No. 26853E 102   Schedule 13G   Page 7 of 7 Pages

     

    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, 2024

     

    Huazhi Hu

    /s/ Huazhi Hu

    Genesis Rising Limited
    By:  

    /s/ Huazhi Hu

    Name:   Huazhi Hu
    Title:   Director

     

    7

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