Filing Details

Accession Number:
0001653246-21-000001
Form Type:
13G Filing
Publication Date:
2021-02-10 09:23:16
Filed By:
Areo Holdings Ltd
Company:
Sunlands Technology Group (NYSE:STG)
Filing Date:
2021-02-10
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Diamond Tower Investments Limited 0 309,326 0 309,326 309,326 17.89%
Orchid Asia VI 0 293,860 0 293,860 293,860 17.00%
Orchid Asia V Co-Investment, Limited 0 15,466 0 15,466 15,466 0.89%
OAVI Holdings 0 293,860 0 293,860 293,860 17.00%
Orchid Asia VI GP, Limited 0 293,860 0 293,860 293,860 17.00%
Orchid Asia V Group Management, Limited 0 293,860 0 293,860 293,860 17.00%
Orchid Asia V Group, Limited 0 293,860 0 293,860 293,860 17.00%
AREO Holdings Limited 0 309,326 0 309,326 309,326 17.89%
Ms. Lam Lai Ming 86,900 309,326 86,900 309,326 312,802 18.10%
Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.2)*



 Sunlands Technology Group
(f/k/a Sunlands Online Education Group)
(Name of Issuer)
 
 Class A Ordinary Shares, par value US$0.00005 per share
(Title of Class of Securities)
 
 86740P108
(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:

☐ 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 the disclosures provided in a prior cover page.

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.

86740P108

   
1
NAMES OF REPORTING PERSONS
 
 
Diamond Tower Investments 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
 
 
 0
 
 
 
 
6
SHARED VOTING POWER
 
 
 309,326 Class A ordinary shares
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 309,326 Class A ordinary shares
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
309,326 Class A ordinary shares
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
Not Applicable
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
17.89%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 


*Calculation based on 1,728,641 Class A ordinary shares outstanding as of September 30, 2020, according to the Report on Form 6-K filed by the Issuer with the Securities and Exchange Commission on November 18, 2020. 25 American depositary shares represent 1 class A ordinary share.
 
EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A Ordinary Shares, par value $0.00005 per share, of Sunlands Technology Group (f/k/a Sunlands Online Education Group) and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filing. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of February 10, 2021.

Dated: February 10, 2021
 

    Diamond Tower Investments Limited
     
   
/s/ Gabriel Li
Name:  Gabriel Li
   
Title:    Authorized Representative 
     
     
Orchid Asia VI, L.P
     
/s/ Gabriel Li
    Name:  Gabriel Li
    Title:    Authorized Representative 
     
     
    Orchid Asia V Co-Investment, Limited
     
    /s/ Gabriel Li
    Name:  Gabriel Li
    Title:    Authorized Representative
     
     
    OAVI Holdings, L.P.
     
    /s/ Gabriel Li
    Name:  Gabriel Li
    Title:    Authorized Representative 
     
     
    Orchid Asia VI GP, Limited
     
/s/ Gabriel Li
    Name:  Gabriel Li
    Title:    Authorized Representative
     
     
    Orchid Asia V Group Management, Limited
     
    /s/ Gabriel Li
    Name:  Gabriel Li
    Title:    Authorized Representative
     
     
Orchid Asia V Group, Limited
     
/s/ Gabriel Li
Name:  Gabriel Li
    Title:    Authorized Representative 
     
     
    AREO Holdings Limited
     
/s/ Gabriel Li
    Name:  Gabriel Li
    Title:    Authorized Representative
     
     
    Lam Lai Ming
    /s/ Lam Lai Ming