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.     )*

 

 

EHang Holdings Limited

(Name of Issuer)

Class A ordinary shares, $0.0001 par value per share

(Title of Class of Securities)

26853E 102**

(CUSIP Number)

December 31, 2019

(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   Page 2 of 8 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

 

46,222,663(1)

   6   

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

46,222,663(1)

   8   

Shared Dispositive Power

 

0

  9      

Aggregate Amount Beneficially Owned by Each Reporting Person

 

46,222,663(1)

10  

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

 

11  

Percent of Class Represented by Amount in Row 9

 

42.2%(2)

12  

Type of Reporting Person

 

IN

 

(1)

Represents (i) 45,422,663 Class B ordinary shares held by Genesis Rising Limited, a British Virgin Islands company wholly owned by Mr. Huazhi Hu, and (ii) 400,000 ADSs, representing 800,000 Class A ordinary shares, directly held by Mr. Huazhi Hu. 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 109,457,236 ordinary shares (being the sum of 64,034,573 Class A ordinary shares and 45,422,663 Class B ordinary shares) of the Issuer as a single class as of December 31, 2019. 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


CUSIP No. 26853E102    Page 3 of 8 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

 

45,422,663(3)

   6  

Shared Voting Power

 

0

   7  

Sole Dispositive Power

 

45,422,663(3)

   8  

Shared Dispositive Power

 

0

  9      

Aggregate Amount Beneficially Owned by Each Reporting Person

 

45,422,663(3)

10  

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

 

11  

Percent of Class Represented by Amount in Row 9

 

41.5%(4)

12  

Type of Reporting Person

 

CO

 

(3)

Represents 45,422,663 Class B ordinary shares directly 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 109,457,236 ordinary shares (being the sum of 64,034,573 Class A ordinary shares and 45,422,663 Class B ordinary shares) of the Issuer as a single class as of December 31, 2019. 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.

 

3


CUSIP No. 26853E 102    Page 4 of 8 Pages

 

Item 1(a).

Name of Issuer:

EHang Holdings Limited (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, Huangpu District, Guangzhou 510700, People’s Republic of China

 

Item 2(a).

Name of Person Filing:

(i) Huazhi Hu

(ii) Genesis Rising Limited

(collectively, the “Reporting Persons”).

 

Item 2(b).

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

The address of the Reporting Persons is:

Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, 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

 

4


CUSIP No. 26853E 102    Page 5 of 8 Pages

 

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

     46,222,663 (3)      42.2     87.8     46,222,663        0        46,222,663        0  

Genesis Rising Limited

     45,422,663 (4)      41.5     87.6     45,422,663        0        45,422,663        0  

 

(1)

The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 109,457,236 ordinary shares (being the sum of 64,034,573 Class A ordinary shares and 45,422,663 Class B ordinary shares) of the Issuer as a single class as of December 31, 2019. 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) 45,422,663 Class B ordinary shares held by Genesis Rising Limited, a British Virgin Islands company wholly owned by Mr. Huazhi Hu, and (ii) 400,000 ADSs, representing 800,000 Class A ordinary shares, directly held by Mr. Huazhi Hu.

(4)

Represents 45,422,663 Class B ordinary shares directly held by Genesis Rising Limited.

 

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


LIST OF EXHIBITS

 

Exhibit No.

  

Description

99.1    Joint Filing Agreement


CUSIP No.26853E 102

   Page 7 of 8 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, 2020

 

Huazhi Hu

/s/ Huazhi Hu

 

Genesis Rising Limited

By:  

/s/ Huazhi Hu

Name:   Huazhi Hu
Title:   Director

 

7

EX-99.1
CUSIP No. 26853E 102   Page 8 of 8 Pages

Exhibit 99.1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, par value of US$0.0001 per share, of EHang Holdings Limited, a Cayman Islands exempted company, and that this Agreement may be included as an exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 14, 2020.

 

Huazhi Hu      

/s/ Huazhi Hu

Genesis Rising Limited       By:  

/s/ Huazhi Hu

      Name:   Huazhi Hu
      Title:   Director

 

8