|
UNITED STATES Washington, D.C. 20549
SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)*
|
| LAIX Inc. |
| (Name of Issuer) |
|
Class A ordinary shares, $0.001 par value per share American Depositary Shares, each representing one Class A ordinary share, $0.001 par value per share** |
| (Title of Class of Securities) |
| 50736W105*** |
| (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)
x 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 American Depositary Shares, each representing one Class A ordinary share, $0.001 par value per share, were separately registered on a registration statement on Form F-6 (Registration No. 333-227351).
*** This CUSIP number applies to the American Depositary Shares, each representing one Class A ordinary share, $0.001 par value per share. No CUSIP has been assigned to the Class A ordinary shares.
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. 50736W105 | Page 2 of 17 Pages |
| 1 | Name of Reporting Person: |
| CMC Lullaby Holdings Limited | |
| 2 | Check the Appropriate Box if a Member of a Group |
| (a) ¨ | |
| (b) ¨ | |
| 3 | SEC USE ONLY |
| 4 | Citizenship or Place of Organization |
| Cayman Islands |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| CO |
* Includes 2,760,325 American depository shares (“ADSs”) of the Issuer, each representing one Class A ordinary shares.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 3 of 17 Pages |
| 1 | Name of Reporting Person: |
| CMC Capital Partners II, L.P. | |
| 2 | Check the Appropriate Box if a Member of a Group |
| (a) ¨ | |
| (b) ¨ | |
| 3 | SEC USE ONLY |
| 4 | Citizenship or Place of Organization |
| Cayman Islands |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| PN |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 4 of 17 Pages |
| 1 | Name of Reporting Person: |
| CMC Capital Partners GP II, L.P. | |
| 2 | Check the Appropriate Box if a Member of a Group |
| (a) ¨ | |
| (b) ¨ | |
| 3 | SEC USE ONLY |
| 4 | Citizenship or Place of Organization |
| Cayman Islands |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 22,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| PN |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 5 of 17 Pages |
| 1 | Name of Reporting Person: |
| CMC Capital Partners GP II, Ltd. | |
| 2 | Check the Appropriate Box if a Member of a Group |
| (a) ¨ | |
| (b) ¨ | |
| 3 | SEC USE ONLY |
| 4 | Citizenship or Place of Organization |
| Cayman Islands |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| CO |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 6 of 17 Pages |
| 1 | Name of Reporting Person: |
| LaConfiance Investments Ltd | |
| 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 |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| CO |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 7 of 17 Pages |
| 1 | Name of Reporting Person: |
| LeBonheur Holdings Ltd | |
| 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 |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| CO |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 8 of 17 Pages |
| 1 | Name of Reporting Person: |
| Brilliant Spark Holdings 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 |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| CO |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 9 of 17 Pages |
| 1 | Name of Reporting Person: |
| Ruigang Li | |
| 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 |
| 5 | SOLE VOTING POWER | |
| NUMBER OF SHARES | 0 | |
| BENEFICIALLY OWNED | 6 | SHARED VOTING POWER |
| BY EACH REPORTING | 2,760,325* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 2,760,325* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED |
| 2,760,325* | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 9.2%** | |
| 12 | TYPE OF REPORTING PERSON |
| IN |
* Shares held by CMC Lullaby Holdings Limited and includes 2,760,325 ADSs of the Issuer, each representing one Class A ordinary shares. See Item 4 of the statement for additional information.
** Based on 29,926,647 Class A Ordinary Shares outstanding as of December 31, 2020, as reported in the Issuer’s annual report on Form 20-F (File No. 001-38657) filed with the Securities and Exchange Commission on April 29, 2021.
| CUSIP No. 50736W105 | Page 10 of 17 Pages |
SCHEDULE 13G/A
| Item 1(a) | Name of Issuer: LAIX Inc. |
| Item 1(b) |
Address of Issuer’s Principal Executive Offices: 3/F, Building B, No. 1687 Changyang Road, Yangpu District, Shanghai, 200090, People’s Republic of China |
| Item 2(a) |
Name of Persons Filing:
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
CMC Lullaby Holdings Limited CMC Capital Partners II, L.P. CMC Capital Partners GP II, L.P. CMC Capital Partners GP II, Ltd. LaConfiance Investments Ltd LeBonheur Holdings Ltd Brilliant Spark Holdings Limited Ruigang Li
The shares reported herein are held by CMC Lullaby Holdings Limited. CMC Lullaby Holdings Limited is a direct and wholly owned subsidiary of CMC Capital Partners II, L.P. The general partner of CMC Capital Partners II, L.P. is CMC Capital Partners GP II, L.P. The general partner of CMC Capital Partners GP II, L.P. is CMC Capital Partners GP II, Ltd. CMC Capital Partners GP II, Ltd. is wholly owned by LaConfiance Investments Ltd. LaConfiance Investments Ltd is wholly owned by LeBonheur Holdings Ltd. LeBonheur Holdings Ltd is wholly owned by Brilliant Spark Holdings Limited. Brilliant Spark Holdings Limited is wholly owned by Mr. Ruigang Li. Each of the foregoing entities and the individual, as a result and by virtue of the relationships described above, may be deemed to beneficially own the shares held by CMC Lullaby Holdings Limited.
Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. |
| Item 2(b) |
Address of Principal Business Office, or if None, Residence:
The principal business address of each Reporting Person is as follows:
c/o CMC Capital Partners HK Limited Suite 302, 3/F., Cheung Kong Centre, No. 2 Queen's Road Central, Hong Kong |
| Item 2(c) |
Citizenship:
The citizenship of each Reporting Person is as follows:
CMC Lullaby Holdings Limited - Cayman Islands CMC Capital Partners II, L.P. - Cayman Islands CMC Capital Partners GP II, L.P. - Cayman Islands CMC Capital Partners GP II, Ltd. - Cayman Islands LaConfiance Investments Ltd - British Virgin Islands LeBonheur Holdings Ltd - British Virgin Islands Brilliant Spark Holdings Limited - British Virgin Islands People’s Republic of China |
| Item 2(d) | Title of Class of Securities: Class A Ordinary Shares, $0.001 par value |
| Item 2(e) | CUSIP Number: 50736W105 (ADSs) |
| 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).¨ Broker or dealer registered under Section 15 of the Act
(15 U.S.C. 78o). (f).¨ An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: |
| Item 4 |
Ownership: (a). Amount beneficially owned: See the response to row 9 of the cover page for each Reporting Person.
(i). Sole power to vote or to direct the vote:
See the response to row 5 of the cover page for each Reporting Person.
(ii). Shared power to vote or to direct the vote:
See the response to row 6 of the cover page for each Reporting Person.
(iii). Sole power to dispose or to direct the disposition of:
See the response to row 7 of the cover page for each Reporting Person
(iv). Shared power to dispose or to direct the disposition of:
See the response to row 8 of the cover page for each Reporting Person. |
| Item 5 |
Ownership of Five Percent or Less of the 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 ¨.
|
| 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 | Certification: Not Applicable. |
CUSIP No. 50736W105
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: February 14, 2022
CMC LULLABY HOLDINGS LTD
| By: | /s/ Han Gao |
Name: Han Gao
Title: Authorized Signatory
CMC CAPITAL PARTNERS II, L.P.
Acting by CMC Capital Partners GP II, L.P., its general partner
Acting by CMC Capital Partners GP II, Ltd., its general partner
| By: | /s/ Ruigang Li |
Name: Ruigang Li
Title: Director
CMC CAPITAL PARTNERS GP II, L.P.
Acting by CMC Capital Partners GP II, Ltd., its general partner
| By: | /s/ Ruigang Li |
Name: Ruigang Li
Title: Director
CMC CAPITAL PARTNERS GP II, LTD.
| By: | /s/ Ruigang Li |
Name: Ruigang Li
Title: Director
LACONFIANCE INVESTMENTS LTD
| By: | /s/ Ruigang Li |
Name: Ruigang Li
Title: Director
LEBONHEUR HOLDINGS LTD
| By: | /s/ Ruigang Li |
Name: Ruigang Li
Title: Director
Brilliant Spark Holdings Limited
| By: | /s/ Ruigang Li |
Name: Ruigang Li
Title: Director
RUIGANG LI
| By: | /s/ Ruigang Li, |
Ruigang Li, Individually
EXHIBIT INDEX
| Exhibit No. | Exhibit | |
| 99.1 | Joint Filing Agreement |