SC 13G/A
LI YANHONG ROBIN filed this Form SC 13G/A on 02/14/2018
Entire Document
 


CUSIP No. G07034104   13G   Page 6 of 7 Pages

 

The voting power of the shares beneficially owned by Robin Yanhong Li represented 55.2% of the total outstanding voting power of the Company as of December 31, 2017. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power of all of the Company’s holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2017. Each holder of Class A Shares is entitled to one vote per share and each holder of Class B Shares is entitled to ten votes per share on all matters submitted to them for a vote.

Melissa Ma, Robin Yanhong Li’s wife, was the record owner of 1,510,000 Class B Ordinary Shares as of December 31, 2017, and had the right to acquire 555 Class A Ordinary Shares upon the vesting of restricted share units granted under the Company’s share incentive plan within 60 days after December 31, 2017. Robin Yanhong Li may be deemed to share beneficial ownership of the shares owned by Melissa Ma. Robin Yanhong Li expressly disclaims such beneficial ownership of the shares beneficially owned by Melissa Ma.

 

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