share_log

U Power | SC 13G: Statement of acquisition of beneficial ownership by individuals-Jia Li(19.79%),U Trend Limited(8.25%), etc.

SEC announcement ·  Feb 15 05:10
Summary by Futu AI
On December 31, 2023, Jia Li, a Chinese national, filed a Schedule 13G with the United States Securities and Exchange Commission (SEC), indicating a significant ownership stake in U Power Limited, a company with ordinary shares listed under the CUSIP number G9520U108. The filing, which was made public on February 14, 2024, reveals that Jia Li has a shared voting and dispositive power over 37,854,400 ordinary shares of U Power, representing 19.79% of the company's class. These shares are held through three British Virgin Islands entities: U Trend Limited, Upincar Limited, and U Create Limited, all of which are wholly owned by Jia Li. U Trend Limited holds 15,785,900 shares (8.25% of the class), Upincar Limited holds 14,943,500 shares (7.81% of the class), and U Create Limited holds the remaining shares. The total number of ordinary shares outstanding as of February 13, 2024, is 191,243,671. The filing was made under Rule 13d-1(d) of the Securities Exchange Act of 1934, which is used for passive investors who acquire more than 5% of a company's shares.
On December 31, 2023, Jia Li, a Chinese national, filed a Schedule 13G with the United States Securities and Exchange Commission (SEC), indicating a significant ownership stake in U Power Limited, a company with ordinary shares listed under the CUSIP number G9520U108. The filing, which was made public on February 14, 2024, reveals that Jia Li has a shared voting and dispositive power over 37,854,400 ordinary shares of U Power, representing 19.79% of the company's class. These shares are held through three British Virgin Islands entities: U Trend Limited, Upincar Limited, and U Create Limited, all of which are wholly owned by Jia Li. U Trend Limited holds 15,785,900 shares (8.25% of the class), Upincar Limited holds 14,943,500 shares (7.81% of the class), and U Create Limited holds the remaining shares. The total number of ordinary shares outstanding as of February 13, 2024, is 191,243,671. The filing was made under Rule 13d-1(d) of the Securities Exchange Act of 1934, which is used for passive investors who acquire more than 5% of a company's shares.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.