13D Filing: Right Advance Management Ltd. Files Update on Attempted Acquisition of KongZhong Corp (KONG)

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Page 2 of 10 SEC Filing

CUSIP No. 50047P104 13D Page 2 of 10 Pages
1

NAME OF REPORTING PERSONS

 

Right Advance Management Ltd.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)


¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

British Virgin Islands

NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
7

SOLE VOTING POWER

 

253,257,4401

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

253,257,4401

10

SHARED DISPOSITIVE POWER

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

253,257,4401

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

13.5%2

14

TYPE OF REPORTING PERSON

CO

1 Includes 64,424,120 Shares
represented by 1,610,603 American depositary shares of the Issuer.

2 Based upon 1,882,073,063 Shares
outstanding as of December 31, 2014 as reported in the Issuer’s annual report on Form 20-F for the fiscal year ended December
31, 2014 filed on April 16, 2015.

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