SEC Form SC 13G/A filed by LIZHI INC. (Amendment)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No. 2)*

SOUND GROUP INC.

(Name of Issuer)

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

(Title of Class of Securities)

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:

* 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.

** There is no CUSIP number assigned to the Class A ordinary shares, par value US$0.0001 per share (“Ordinary Shares”). CUSIP number 53933L203 has been assigned to the American Depositary Shares (each an “ADS”) of Sound Group Inc. (the “Company”), which are quoted on the Nasdaq Capital Market under the symbol “SOGP.” Each ADS represents 200 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).

(1) TMT General Partner Ltd. is the general partner of Morningside China TMT GP II, L.P. Morningside China TMT GP II, L.P. is the general partner of Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. Morningside China TMT Fund II, L.P. is the record owner of 160 Class A Ordinary Shares and Morningside China TMT Top Up Fund, L.P. is the record owner of 10 Class A Ordinary Shares.

(2) The ownership percentage of the Reporting Person is calculated based on a total of 827,140,610 Class A Ordinary Shares (excluding 5,008,430 Class A Ordinary Shares issued to Kastle Limited) outstanding as of September 30, 2023, as reported in the Company’s current report on Form 6-K filed with the Securities and Exchange Commission on November 29, 2023.

(3) TMT General Partner Ltd. is the general partner of Morningside China TMT GP II, L.P. Morningside China TMT GP II, L.P. is the general partner of Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. Morningside China TMT Fund II, L.P. is the record owner of 160 Class A Ordinary Shares and Morningside China TMT Top Up Fund, L.P. is the record owner of 10 Class A Ordinary Shares.

(4) The ownership percentage of the Reporting Person is calculated based on a total of 827,140,610 Class A Ordinary Shares (excluding 5,008,430 Class A Ordinary Shares issued to Kastle Limited) outstanding as of September 30, 2023, as reported in the Company’s current report on Form 6-K filed with the Securities and Exchange Commission on November 29, 2023.

(5) The ownership percentage of the Reporting Person is calculated based on a total of 827,140,610 Class A Ordinary Shares (excluding 5,008,430 Class A Ordinary Shares issued to Kastle Limited) outstanding as of September 30, 2023, as reported in the Company’s current report on Form 6-K filed with the Securities and Exchange Commission on November 29, 2023.

(6) The ownership percentage of the Reporting Person is calculated based on a total of 827,140,610 Class A Ordinary Shares (excluding 5,008,430 Class A Ordinary Shares issued to Kastle Limited) outstanding as of September 30, 2023, as reported in the Company’s current report on Form 6-K filed with the Securities and Exchange Commission on November 29, 2023.

Item 1.

(a) Name of Issuer:

Sound Group Inc.

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

60 Anson Road

Mapletree Anson

#09-01/02

Singapore 079914

Item 2.

(a) Name of Person Filing:

I. TMT General Partner Ltd.

II. Morningside China TMT GP II, L.P.

III. Morningside China TMT Fund II, L.P.

IV. Morningside China TMT Top Up Fund, L.P.

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

I, II, III & IV: 

c/o Suite 905-6, 9th Floor

ICBC Tower, Three Garden Road 

Hong Kong

(c) Citizenship:

I, II, III & IV: 

Cayman Islands

(d) Title of Class of Securities:

Class A ordinary shares, par value US$0.0001 per share (“Ordinary Shares”)

(e) CUSIP Number:

There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 53933L203 has been assigned to the American Depositary Shares (each an “ADS”) of Sound Group Inc. (the “Company”), which are quoted on the Nasdaq Capital Market under the symbol “SOGP.” Each ADS represents 200 Class A Ordinary Shares.

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

Not applicable

Item 4. Ownership

(a) Amount beneficially owned:

The information required by Items 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.

(b) Percent of class:

The information required by Items 4(a) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference.

(c) Number of shares as to which the person has:

The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.

TMT General Partner Ltd. is the general partner of Morningside China TMT GP II, L.P. Morningside China TMT GP II, L.P. is the general partner of Morningside China TMT Fund II, L.P. Morningside China TMT Fund II, L.P. is the record owner of 160 Class A Ordinary Shares and Morningside China TMT Top Up Fund, L.P. is the record owner of 10 Class A Ordinary Shares. TMT General Partner Ltd. is controlled by its board consisting of three individuals, Jianming Shi, Qin Liu, and Gerald Lokchung Chan, who have the voting and dispositive powers over the Class A Ordinary Shares held by Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P.

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 þ.

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

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.

Date: February 14, 2024

Exhibit Index