Filing Details

Accession Number:
0000950103-22-002481
Form Type:
13G Filing
Publication Date:
2022-02-13 19:00:00
Filed By:
Li Bai Global Ltd
Company:
Onion Global Ltd
Filing Date:
2022-02-14
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
Li Bai Global Limited 0 4,840,000 0 4,840,000 4,840,000 46.04%
Cong (Kenny) Li 511,640 4,840,000 2,607,000 0 5,351,640 33.74%
Pingsan Bai 0 2,233,000 2,233,000 0 2,233,000 21.24%
Filing

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934  

(Amendment No )*

 

Onion Global Limited
(Name of Issuer)
 
Class A ordinary shares, par value US$0.0001 per share
(Title of Class of Securities)
 
68277G107**
(CUSIP Number)
 
December 31, 2021
(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.

 

** There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 68277G107 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the New York Stock Exchange under the symbol “OG.” Each ten ADSs represent one Class A ordinary shares, par value US$0.0001 per share (“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. 68277G107    
1.

Names of Reporting Persons


Li Bai Global 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 Class A ordinary shares

  6.

Shared Voting Power

 

4,840,000 Class A ordinary shares(1)

  7.

Sole Dispositive Power

 

0 Class A ordinary shares

  8.

Shared Dispositive Power

 

4,840,000 Class A ordinary shares(1)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,840,000 Class A ordinary shares(1)

10.

 

 

Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11.

Percent of Class Represented by Amount in Row (9)

 

46.04% (2)

12.

Type of Reporting Person

 

CO

           

(1) Represents 4,840,000 Class B ordinary shares, par value US$0.0001 per share (“Class B ordinary shares”) that are convertible into 4,840,000 Class A ordinary shares held by Li Bai Global Limited.  Approximately 53.86% of the total outstanding shares of Li Bai Global Limited are beneficially held by Mr. Cong (Kenny) Li and approximately 46.14% of the total outstanding shares of Li Bai Global Limited are beneficially held by Mr. Pingsan Bai.

 

(2) Calculated based on 10,511,762 Class A ordinary shares issued and outstanding as of December 31, 2021 as provided by the Issuer, assuming conversion of all Class B ordinary shares into Class A ordinary shares.

 

 

 

CUSIP No. 68277G107    
1.

Names of Reporting Persons


Cong (Kenny) Li

2. Check the Appropriate Box if a Member of a Group (a)
   

(b)

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

PRC

 

Number of Shares Beneficially

Owned by Each

Reporting Person

With

5.

Sole Voting Power

 

511,640 Class A ordinary shares(1)

  6.

Shared Voting Power

 

4,840,000 Class A ordinary shares(2)

  7.

Sole Dispositive Power

 

2,607,000 Class A ordinary shares(3)

  8.

Shared Dispositive Power

 

0 ordinary shares

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,351,640 Class A ordinary shares

10.

 

 

Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11.

Percent of Class Represented by Amount in Row (9)

 

33.74% (4)

12.

Type of Reporting Person

 

IN

           

(1) Represents 511,640 Class A ordinary shares underlying 511,640 restricted share units granted to Mr. Li that are vested as of December 31, 2021.

 

(2) Represents 4,840,000 Class B ordinary shares that are convertible into 4,840,000 Class A ordinary shares held by Li Bai Global Limited, which Mr. Li beneficially owns 53.86% of the total outstanding shares.  Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Li may be deemed to beneficially own all of the shares of the Issuer owned by Li Bai Global Limited. Mr. Cong (Kenny) Li disclaims economic interest in Class B ordinary shares held through Li Bai Global Limited except to the extent of his own pecuniary and economic interests therein. 

 

(3) Represents 2,607,000 Class B ordinary shares that are convertible into 2,607,000 Class A ordinary shares beneficially owned by Mr. Li through Li Bai Global Limited. Mr. Li beneficially owns 53.86% of the total outstanding shares of Li Bai Global Limited.

 

(4) Calculated based on (i) 10,511,762 Class A ordinary shares issued and outstanding as of December 31, 2021 as provided by the Issuer, assuming conversion of all Class B ordinary shares into Class A ordinary shares, and (ii) 511,640 Class A ordinary shares underlying 511,640 restricted share units granted to Mr. Li that are vested as of December 31, 2021.

 

 

 

CUSIP No. 68277G107    
1.

Names of Reporting Persons


Pingsan Bai

2. Check the Appropriate Box if a Member of a Group (a)
   

(b)

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

PRC

 

Number of Shares Beneficially

Owned by Each

Reporting Person

With

5.

Sole Voting Power

 

0 Class A ordinary shares

  6.

Shared Voting Power

 

2,233,000 Class A ordinary shares(1)

  7.

Sole Dispositive Power

 

2,233,000 Class A ordinary shares(1)

  8.

Shared Dispositive Power

 

0 ordinary shares

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,233,000 Class A ordinary shares

10.

 

 

Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11.

Percent of Class Represented by Amount in Row (9)

 

21.24% (2)

12.

Type of Reporting Person

 

IN

           

(1) Represents 2,233,000 Class B ordinary shares that are convertible into 2,233,000 Class A ordinary shares beneficially owned by Mr. Pingsan Bai through Li Bai Global Limited, which Mr. Bai beneficially owns 46.14% of the total outstanding shares. Mr. Bai disclaims beneficial ownership of Class B ordinary shares held through Li Bai Global Limited except to the extent of his own pecuniary and economic interests therein. 

 

(2) Calculated based on 10,511,762 Class A ordinary shares issued and outstanding as of December 31, 2021 as provided by the Issuer, assuming conversion of all Class B ordinary shares into Class A ordinary shares.

 

 

 

Item 1(a).Name of Issuer:

 

Onion Global Limited (the “Issuer”)

 

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

 

No. 309 3-05 Huangpu Avenue Zhong, Tianhe District, Guangzhou City, Guangdong Province, People’s Republic of China.

 

Item 2(a).Name of Person Filing:

 

This Schedule 13G is being jointly filed by the following reporting persons (each a “Reporting Person” and collectively, the “Reporting Persons”):

 

(1)Li Bai Global Limited

 

(2)Cong (Kenny) Li

 

(3)Pingsan Bai

 

Item 2(b).Address of Principal Business Office or, if none, Residence:

 

No. 309 3-05 Huangpu Avenue Zhong, Tianhe District, Guangzhou City, Guangdong Province, People’s Republic of China.

 

Item 2(c).Citizenship:

 

Li Bai Global Limited – British Virgin Islands

 

Cong (Kenny) Li – PRC

 

Pingsan Bai – PRC

 

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

 

Class A ordinary shares, par value US$0.0001 per share

 

Item 2(e).CUSIP Number:

 

There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 68277G107 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the New York Stock Exchange under the symbol “OG.” Each ten ADSs represent one Class A ordinary shares, par value US$0.0001 per share (“Class A ordinary shares”)

 

Item 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c):

 

Not applicable.

 

Item 4.Ownership.

 

The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Person and is incorporated herein by reference.

 

 

 

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.

 

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.

 

 

 

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, 2022

 

  Li Bai Global Limited
   
  By: /s/ Cong (Kenny) Li
   

Name: Cong (Kenny) Li

Title: Director

     
     

 

  Cong (Kenny) Li
   
  By: /s/ Cong (Kenny) Li
    Name: Cong (Kenny) Li
     
     
  Pingsan Bai
   
  By: /s/ Pingsan Bai
    Name: Pingsan Bai
     
     

 

 

 

Exhibit Index

 

Exhibit Description
Exhibit A

Joint Filing Agreement dated, February 14, 2022, by and among Li Bai Global Limited, Cong (Kenny) Li and Pingsan Bai