SC 13G/A 1 a21-6467_3sc13ga.htm SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1) *

 

Ehang Holdings Limited

(Name of Issuer)

 

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

 

26853E 10 2 **

(CUSIP Number)

 

December 31, 2020

(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o            Rule 13d-1(b)

o            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.

 

** CUSIP number 26853E 10 2 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on The Nasdaq Stock Market under the symbol “EH.” Each ADS represents two Class A Ordinary Shares of the Issuer. No CUSIP number has been assigned to the Class A Ordinary Shares of the Issuer.

 

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. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
GGV Capital V L.P.

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   o

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

Delaware, United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

8,794,021 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,794,021 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,794,021 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

13.7% of Class A Ordinary Shares (8.0% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

PN

(1)         This statement on Schedule 13G is filed by GGV Capital V L.P., GGV Capital V Entrepreneurs Fund L.P., GGV Capital V L.L.C., Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung (collectively, the “Reporting Persons”).  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares and (ii) 2,254,340 Class A ordinary shares represented by 1,127,170 American Depositary Shares (“ADS”) held by GGV Capital V L.P.  GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

2


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
GGV Capital V Entrepreneurs Fund L.P.

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

Delaware, United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

322,745 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

322,745 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

322,745 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

0.5% of Class A Ordinary Shares (0.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

PN

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 240,005 Class A ordinary shares and (ii) 82,740 Class A ordinary shares represented by 41,370 American Depositary Shares (“ADS”) held by GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. serves as the General Partner of GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

3


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
GGV Capital V L.L.C.

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

Delaware, United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

9,116,766 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

9,116,766 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

9,116,766 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

14.2% of Class A Ordinary Shares (8.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

OO

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares held by GGV Capital V L.P., (ii) 240,005 Class A ordinary shares held by GGV Capital V Entrepreneurs Fund L.P., (iii) 2,254,340 Class A ordinary shares represented by 1,127,170 ADSs held by GGV Capital V L.P. and (iv) 82,740 Class A ordinary shares represented by 41,370 ADS held by GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneur Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

4


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
Jixun Foo

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

Singapore

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

9,116,766 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

9,116,766 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

9,116,766 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

14.2% of Class A Ordinary Shares (8.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

IN

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares held by GGV Capital V L.P., (ii) 240,005 Class A ordinary shares held by GGV Capital V Entrepreneurs Fund L.P., (iii) 2,254,340 Class A ordinary shares represented by 1,127,170 ADSs held by GGV Capital V L.P. and (iv) 82,740 Class A ordinary shares represented by 41,370 ADS held by GGV Capital V Entrepreneurs Fund L.P.   GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

5


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
Glenn Solomon

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

9,116,766 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

9,116,766 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

9,116,766 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

14.2% of Class A Ordinary Shares (8.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

IN

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares held by GGV Capital V L.P., (ii) 240,005 Class A ordinary shares held by GGV Capital V Entrepreneurs Fund L.P., (iii) 2,254,340 Class A ordinary shares represented by 1,127,170 ADSs held by GGV Capital V L.P. and (iv) 82,740 Class A ordinary shares represented by 41,370 ADS held by GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

6


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
Jenny Hong Wei Lee

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

Singapore

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

9,116,766 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

9,116,766 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

9,116,766 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

14.2% of Class A Ordinary Shares (8.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

IN

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares held by GGV Capital V L.P., (ii) 240,005 Class A ordinary shares held by GGV Capital V Entrepreneurs Fund L.P., (iii) 2,254,340 Class A ordinary shares represented by 1,127,170 ADSs held by GGV Capital V L.P. and (iv) 82,740 Class A ordinary shares represented by 41,370 ADS held by GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

7


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
Jeffrey Gordon Richards

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

9,116,766 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

9,116,766 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

9,116,766 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

14.2% of Class A Ordinary Shares (8.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

IN

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares held by GGV Capital V L.P., (ii) 240,005 Class A ordinary shares held by GGV Capital V Entrepreneurs Fund L.P., (iii) 2,254,340 Class A ordinary shares represented by 1,127,170 ADSs held by GGV Capital V L.P. and (iv) 82,740 Class A ordinary shares represented by 41,370 ADS held by GGV Capital V Entrepreneurs Fund L.P.    GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

8


 

CUSIP No. 26853E 10 2

13G

 

 

1.

Names of Reporting Persons
Hans Tung

2.

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

 

(a)   ¨

 

 

(b)   x (1)

 

3.

SEC USE ONLY

4.

Citizenship or Place of Organization

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

 

6.

Shared Voting Power

9,116,766 ordinary shares (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

9,116,766 ordinary shares (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

9,116,766 ordinary shares (2)

10.

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

¨

11.

Percent of Class Represented by Amount in Row 9

14.2% of Class A Ordinary Shares (8.3% of ordinary shares) (3)

12.

Type of Reporting Person (see instructions)

IN

(1)         This statement on Schedule 13G is filed by the Reporting Persons.  The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         Consists of (i) 6,539,681 Class A ordinary shares held by GGV Capital V L.P., (ii) 240,005 Class A ordinary shares held by GGV Capital V Entrepreneurs Fund L.P., (iii) 2,254,340 Class A ordinary shares represented by 1,127,170 ADSs held by GGV Capital V L.P. and (iv) 82,740 Class A ordinary shares represented by 41,370 ADS held by GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

(3)         The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

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CUSIP No. 26853E 10 2

13G

 

 

Introductory Note: This statement on Schedule 13G is filed on behalf of the Reporting Persons, in respect of the Class A ordinary shares, par value $0.0001 per share Ehang Holdings Limited (the “Issuer”).

 

Item 1(a).            Name of Issuer:

 

Ehang Holdings Limited

 

Item 1(b).            Address of Issuer’s Principal Executive Officers:

 

Building #C, Yixiang Technology Park No. 72

Nanxiang 2nd Road

Guangzhou F4 510700

People’s Republic of China

 

Item 2(a).            Name of Person(s) Filing:

 

GGV Capital V L.P.

GGV Capital V Entrepreneurs Fund L.P.

GGV Capital V L.L.C.

Jixun Foo

Glenn Solomon

Jenny Hong Wei Lee

Jeffrey Gordon Richards

Hans Tung

 

Item 2(b).            Address of Principal Business Office:

 

GGV Capital

3000 Sand Hill Road, Suite 4-230

Menlo Park, California  94025

United States of America

 

Item 2(c).             Citizenship or Place of Organization:

 

Name

 

Citizenship or Place of Organization

1.

GGV Capital V L.P.

 

Delaware, United States of America

2.

GGV Capital V Entrepreneurs Fund L.P.

 

Delaware, United States of America

3.

GGV Capital V L.L.C.

 

Delaware, United States of America

4.

Jixun Foo

 

Singapore

5.

Glenn Solomon

 

United States of America

6.

Jenny Hong Wei Lee

 

Singapore

7.

Jeffrey Gordon Richards

 

United States of America

8.

Hans Tung

 

United States of America

 

Item 2(d).            Title of Class of Securities:

 

Class A ordinary shares, par value $0.0001 per share

 

Item 2(e).             CUSIP Number:

 

26853E 10 2.  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 Class A ordinary shares.

 

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CUSIP No. 26853E 10 2

13G

 

 

Item 3.                           If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

Not applicable.

 

Item 4(a).                  Amount Beneficially Owned:

Item 4(b).                  Percent of Class:

Item 4(c).                   Number of shares as to which such persons have:

 

The following information with respect to the ownership of the Class A Ordinary Shares of the Issuer by the Reporting Persons filing this statement on Schedule 13G as of December 31, 2020:

 

Reporting Persons

 

Shares Held
Directly (1)

 

Shared
Voting
Power

 

Shared
Dispositive
Power

 

Beneficial
Ownership

 

Percentage
of Class A Ordinary Shares (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

GGV Capital V L.P.

 

8,794,021

 

8,794,021

 

8,794,021

 

8,794,021

 

13.7% of Class A Ordinary Shares (8.0% of ordinary shares)

 

GGV Capital V Entrepreneurs Fund L.P.

 

322,745

 

322,745

 

322,745

 

322,745

 

0.5% of Class A Ordinary Shares (0.3% of ordinary shares)

 

GGV Capital V L.L.C. (2)

 

0

 

9,116,766

 

9,116,766

 

9,116,766

 

14.2% of Class A Ordinary Shares (8.3% of ordinary shares)

 

Jixun Foo (2)

 

0

 

9,116,766

 

9,116,766

 

9,116,766

 

14.2% of Class A Ordinary Shares (8.3% of ordinary shares)

 

Glenn Solomon (2)

 

0

 

9,116,766

 

9,116,766

 

9,116,766

 

14.2% of Class A Ordinary Shares (8.3% of ordinary shares)

 

Jenny Hong Wei Lee (2)

 

0

 

9,116,766

 

9,116,766

 

9,116,766

 

14.2% of Class A Ordinary Shares (8.3% of ordinary shares)

 

Jeffrey Gordon Richards (2) 

 

0

 

9,116,766

 

9,116,766

 

9,116,766

 

14.2% of Class A Ordinary Shares (8.3% of ordinary shares)

 

Hans Tung (2)

 

0

 

9,116,766

 

9,116,766

 

9,116,766

 

14.2% of Class A Ordinary Shares (8.3% of ordinary shares)

 

 


(1)   Represents the number of Class A ordinary shares, including shares underlying ADSs, currently held by the Reporting Persons.

 

(2)   GGV Capital V L.L.C. serves as the General Partner of GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  As such, GGV Capital V L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  GGV Capital V L.L.C. owns no securities of the Issuer directly.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital V L.L.C.  As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital V L.P. and GGV Capital V Entrepreneurs Fund L.P.  Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)   The percentage of ordinary shares beneficially owned by each of the Reporting Persons as of March 31, 2020 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 outstanding as of March 31, 2020, as set forth in the Issuer’s Form 20F dated March 31, 2020. The percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons is based on 64,034,573 Class A ordinary shares outstanding as of March 31, 2020. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

 

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 Persons have 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.

 

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CUSIP No. 26853E 10 2

13G

 

 

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.

 

12


 

CUSIP No. 26853E 10 2

13G

 

 

SIGNATURES

 

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 12, 2021

 

GGV CAPITAL V L.P.

 

BY: GGV CAPITAL V L.L.C.

 

ITS: GENERAL PARTNER

 

 

 

 

By:

/s/ Stephen Hyndman

 

 

Stephen Hyndman

 

 

Attorney-in-fact

 

 

 

 

GGV CAPITAL V ENTREPRENEURS FUND L.P.

 

BY: GGV CAPITAL V L.L.C.

 

ITS: GENERAL PARTNER

 

 

 

 

By:

/s/ Stephen Hyndman

 

 

Stephen Hyndman

 

 

Attorney-in-fact

 

 

 

 

GGV CAPITAL V L.L.C.

 

 

 

 

By:

/s/ Stephen Hyndman

 

 

Stephen Hyndman

 

 

Attorney-in-fact

 

 

 

 

 

/s/ Jixun Foo

 

Jixun Foo

 

 

 

 

/s/ Glenn Solomon

 

Glenn Solomon

 

 

 

 

/s/ Jenny Hong Wei Lee

 

Jenny Hong Wei Lee

 

 

 

 

/s/ Jeffrey Gordon Richards

 

Jeffrey Gordon Richards

 

 

 

 

/s/ Hans Tung

 

Hans Tung

 

 

Exhibit(s):

 

Exhibit 99.1:         Joint Filing Statement

 

13


 

AGREEMENT

 

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of ADS of Ehang Holdings Limited.

 

Dated: February 12, 2021

 

GGV CAPITAL V L.P.

 

BY: GGV CAPITAL V L.L.C.

 

ITS: GENERAL PARTNER

 

 

 

 

By:

/s/ Stephen Hyndman

 

 

Stephen Hyndman

 

 

Attorney-in-fact

 

 

 

 

GGV CAPITAL V ENTREPRENEURS FUND L.P.

 

BY: GGV CAPITAL V L.L.C.

 

ITS: GENERAL PARTNER

 

 

 

 

By:

/s/ Stephen Hyndman

 

 

Stephen Hyndman

 

 

Attorney-in-fact

 

 

 

 

GGV CAPITAL V L.L.C.

 

 

 

 

By:

/s/ Stephen Hyndman

 

 

Stephen Hyndman

 

 

Attorney-in-fact

 

 

 

 

 

/s/ Jixun Foo

 

Jixun Foo

 

 

 

 

/s/ Glenn Solomon

 

Glenn Solomon

 

 

 

 

/s/ Jenny Hong Wei Lee

 

Jenny Hong Wei Lee

 

 

 

 

/s/ Jeffrey Gordon Richards

 

Jeffrey Gordon Richards

 

 

 

 

/s/ Hans Tung

 

Hans Tung

 

 

14