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XCHG Ltd — Major Shareholding Notification 2024
Nov 19, 2024
34290_mrq_2024-11-19_1b81ef1e-233c-48b4-9e91-1baadd7ea678.zip
Major Shareholding Notification
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SC 13G 1 formsc13g.htm
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934 (Amendment No. )*
| XCHG
Limited |
| --- |
| (Name
of Issuer) |
| Class
A Ordinary Shares, par value US$0.00001 per share |
| (Title
of Class of Securities) |
| 98370X103 |
| (CUSIP
Number) |
| September
30, 2024 |
| (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 the disclosures provided in a prior cover page.
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).
(Continued on following pages)
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CUSIP NO.: 98370X103
| (1) | NAME OF REPORTING PERSON | |
|---|---|---|
| Beijing | ||
| Foreign Economic and Trade Development Guidance Fund 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 | |
| People’s | ||
| Republic of China |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER |
| --- | --- |
| | 260,180,400
(See Item 4) |
| (6) | SHARED VOTING POWER |
| | 0 |
| (7) | SOLE DISPOSITIVE POWER |
| | 260,180,400
(See Item 4) |
| (8) | SHARED DISPOSITIVE POWER |
| | 0 |
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|---|
| 260,180,400 | |
| (10) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
| ☐ | |
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 10.9% 1 | |
| (12) | TYPE OF REPORTING PERSON |
| CO |
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1 Calculated based on 2,378,061,531 ordinary shares, being the sum of 1,636,807,084 Class A ordinary shares and 741,254,447 Class B ordinary shares as a single class issued and outstanding as of October 11, 2024 provided by the Issuer, as reported on its prospectus filed under Rule 424(b)(4) with the Securities and Exchange Commission on September 10, 2024, and Form 6-K filed with the Securities and Exchange Commission on October 11, 2024. The Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership.
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1
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CUSIP NO.: 98370X103
| (1) | NAME OF REPORTING PERSON | |
|---|---|---|
| Beijing | ||
| Liuhe Fund Management 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 | SOLE VOTING POWER |
| --- | --- |
| | 260,180,400
(See Item 4) |
| (6) | SHARED VOTING POWER |
| | 0 |
| (7) | SOLE DISPOSITIVE POWER |
| | 260,180,400
(See Item 4) |
| (8) | SHARED DISPOSITIVE POWER |
| | 0 |
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|---|
| 260,180,400 | |
| (10) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
| ☐ | |
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 10.9% 1 | |
| (12) | TYPE OF REPORTING PERSON |
| CO |
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1 Calculated based on 2,378,061,531 ordinary shares, being the sum of 1,636,807,084 Class A ordinary shares and 741,254,447 Class B ordinary shares as a single class issued and outstanding as of October 11, 2024 provided by the Issuer, as reported on its prospectus filed under Rule 424(b)(4) with the Securities and Exchange Commission on September 10, 2024, and Form 6-K filed with the Securities and Exchange Commission on October 11, 2024. The Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership.
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2
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CUSIP NO.: 98370X103
| (1) | NAME OF REPORTING PERSON | |
|---|---|---|
| Beijing | ||
| Agricultural Investment 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 | SOLE VOTING POWER |
| --- | --- |
| | 260,180,400
(See Item 4) |
| (6) | SHARED VOTING POWER |
| | 0 |
| (7) | SOLE DISPOSITIVE POWER |
| | 260,180,400
(See Item 4) |
| (8) | SHARED DISPOSITIVE POWER |
| | 0 |
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|---|
| 260,180,400 | |
| (10) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
| ☐ | |
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 10.9% 1 | |
| (12) | TYPE OF REPORTING PERSON |
| CO |
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1 Calculated based on 2,378,061,531 ordinary shares, being the sum of 1,636,807,084 Class A ordinary shares and 741,254,447 Class B ordinary shares as a single class issued and outstanding as of October 11, 2024 provided by the Issuer, as reported on its prospectus filed under Rule 424(b)(4) with the Securities and Exchange Commission on September 10, 2024, and Form 6-K filed with the Securities and Exchange Commission on October 11, 2024. The Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership.
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CUSIP NO.: 98370X103
| (1) | NAME OF REPORTING PERSON | |
|---|---|---|
| Beijing | ||
| Capital Group 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 | SOLE VOTING POWER |
| --- | --- |
| | 260,180,400
(See Item 4) |
| (6) | SHARED VOTING POWER |
| | 0 |
| (7) | SOLE DISPOSITIVE POWER |
| | 260,180,400
(See Item 4) |
| (8) | SHARED DISPOSITIVE POWER |
| | 0 |
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|---|---|
| 260,180,400 | |
| (10) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
| ☐ | |
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| 10.9% 1 | |
| (12) | TYPE OF REPORTING PERSON |
| CO |
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1 Calculated based on 2,378,061,531 ordinary shares, being the sum of 1,636,807,084 Class A ordinary shares and 741,254,447 Class B ordinary shares as a single class issued and outstanding as of October 11, 2024 provided by the Issuer, as reported on its prospectus filed under Rule 424(b)(4) with the Securities and Exchange Commission on September 10, 2024, and Form 6-K filed with the Securities and Exchange Commission on October 11, 2024. The Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose of calculating the percentage ownership.
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Item 1(a). Name of Issuer:
XCHG Limited
Item 1(b). Address of Issuer’s Principal Executive Offices:
No. 12 Shuang Yang Road, Da Xing District, Beijing People’s Republic of China, 100023
Item 2(a). Name of Person Filing:
Beijing Foreign Economic and Trade Development Guidance Fund L.P.
Beijing Liuhe Fund Management Co., Ltd.
Beijing Agricultural Investment Co., Ltd.
Beijing Capital Group Co., Ltd.
(collectively, the “Reporting Persons”)
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of Beijing Foreign Economic and Trade Development Guidance Fund L.P. is Room 1505, Building A, 23 Baijiazhuang Dongli, Chaoyang District, Beijing, China.
The address of Beijing Liuhe Fund Management Co., Ltd. is Room 1503, Building A, 23 Baijiazhuang Dongli, Chaoyang District, Beijing, China.
The address of Beijing Agricultural Investment Co., Ltd. is Room 606, Capital Building, No. 6 Chaoyangmen North Street, Dongcheng District, Beijing, China.
The address of Beijing Capital Group Co., Ltd. is 1 st Floor, Building No.2, No. 21 Chegongzhuang Street, Xicheng District, Beijing, China.
Item 2(c). Citizenship or Place of Organization:
Beijing Foreign Economic and Trade Development Guidance Fund L.P. - People’s Republic of China
Beijing Liuhe Fund Management Co., Ltd. - People’s Republic of China
Beijing Agricultural Investment Co., Ltd. - People’s Republic of China
Beijing Capital Group Co., Ltd. - People’s Republic of China
Item 2(d). Title of Class of Securities:
Class A ordinary shares, par value US$0.00001 per share.
The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote and each Class B ordinary share is entitled to ten votes. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
Item 2(e). CUSIP Number:
98370X103
This CUSIP number applies to the issuer’s American depositary shares. Each ADS represents 40 Class A ordinary shares, par value US$0.00001 per share.
ITEM 3. Statement Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c):
Not applicable
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ITEM 4. Ownership:
| Reporting Person | Amount Beneficially Owned | Percent of Class | Percent of Aggregate Voting Power | 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 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Beijing Foreign Economic and Trade Development Guidance Fund L.P. | 260,180,400 | 10.9 | % (1) | 2.9 | % (2) | 260,180,400 | 0 | 260,180,400 | 0 | |
| Beijing Liuhe Fund Management Co., Ltd. | 260,180,400 | (3) | 10.9 | % (1) | 2.9 | % (2) | 260,180,400 | 0 | 260,180,400 | 0 |
| Beijing Agricultural Investment Co., Ltd. | 260,180,400 | (4) | 10.9 | % (1) | 2.9 | % (2) | 260,180,400 | 0 | 260,180,400 | 0 |
| Beijing Capital Group Co., Ltd. | 260,180,400 | (5) | 10.9 | % (1) | 2.9 | % (2) | 260,180,400 | 0 | 260,180,400 | 0 |
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| (1) | Calculated
based on 2,378,061,531 ordinary shares, being the sum of 1,636,807,084 Class A ordinary shares and 741,254,447 Class B ordinary shares
as a single class issued and outstanding as of October 11, 2024 provided by the Issuer, as reported on its prospectus filed under
Rule 424(b)(4) with the Securities and Exchange Commission on September 10, 2024, and Form 6-K filed with the Securities and Exchange
Commission on October 11, 2024. The Class B ordinary shares are treated as converted into Class A ordinary shares only for the purpose
of calculating the percentage ownership. |
| --- | --- |
| (2) | Percentage
of aggregate voting power is calculated by dividing the voting power beneficially owned by such person or group by the voting power
of all of the Class A 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. Each Class B ordinary share is convertible into one Class A ordinary share at any
time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. |
| (3) | Represents
260,180,400 Class A ordinary shares held by Beijing Foreign Economic and Trade Development Guidance Fund L.P., which is controlled
by Beijing Liuhe Fund Management Co., Ltd., its general partner. |
| (4) | Represents
260,180,400 Class A ordinary shares held by Beijing Foreign Economic and Trade Development Guidance Fund L.P. Beijing Agricultural
Investment Co., Ltd. is the sole shareholder of Beijing Liuhe Fund Management Co., Ltd. |
| (5) | Represents
260,180,400 Class A ordinary shares held by Beijing Foreign Economic and Trade Development Guidance Fund L.P. Beijing Capital Group
Co., Ltd. is the sole shareholder of Beijing Agricultural Investment Co., Ltd., and is controlled by Beijing Municipal People’s
Government. |
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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 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
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: November 19, 2024
| Beijing
Foreign Economic and Trade Development Guidance Fund L.P. | |
| --- | --- |
| By: | /s/
Yuan Yuan |
| Name: | Yuan
Yuan |
| Title: | Officer |
| Beijing
Liuhe Fund Management Co., Ltd. | |
| --- | --- |
| By: | /s/
Yuchen Du |
| Name: | Yuchen
Du |
| Title: | Executive
Director |
| Beijing Agricultural Investment Co., Ltd. | |
|---|---|
| By: | /s/ |
| Xu Wang | |
| Name: | Xu |
| Wang | |
| Title: | Chairman |
| of the Board |
| Beijing Capital Group Co., Ltd. | |
|---|---|
| By: | /s/ |
| Yongzheng Liu | |
| Name: | Yongzheng |
| Liu | |
| Title: | Chairman |
| of the Board |
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LIST OF EXHIBITS
| Exhibit
No. | Description |
| --- | --- |
| 99.1 | Joint Filing Agreement |
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