Filing Details
- Accession Number:
- 0001213900-25-047814
- Form Type:
- 13D Filing
- Publication Date:
- 2025-05-26 20:00:00
- Filed By:
- AIFU Inc.
- Company:
- Qilian International Holding Group Ltd
- Filing Date:
- 2025-05-27
- SEC Url:
- 13D 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 |
---|---|---|---|---|---|---|
AIFU Inc. | 16,529,330 | 0 | 16,529,330 | 0 | 16,529,330 | 8.99% |
CISG Holdings Ltd. | 16,529,330 | 0 | 16,529,330 | 0 | 16,529,330 | 8.99% |
Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
|
BGM Group Ltd. (Name of Issuer) |
Class A Ordinary Share, par value $0.00833335 per share (Title of Class of Securities) |
G7307E123 (CUSIP Number) |
AIFU INC. c/o Mingxiu Luan, 27/F, Pearl River Towe, No. 15 West Zhujiang Road Guangzhou, F4, 510623 86-020-83886888 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
05/23/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.


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).
SCHEDULE 13D
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CUSIP No. | G7307E123 |
1 |
Name of reporting person
AIFU Inc. | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
CAYMAN ISLANDS
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
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11 | Aggregate amount beneficially owned by each reporting person
16,529,330.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
8.99 % | ||||||||
14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
(1) Note to Row 7, 9, 11: Represents 16,529,330 Class A ordinary shares, par value $0.001 per Class A ordinary share, of BGM Group Ltd. (the "Issuer") held by CISG Holdings Ltd, which is wholly owned by AIFU Inc.
(2) Note to Row 13: The percentage calculation is based on 183,959,931 ordinary shares, including 163,959,931 Class A ordinary shares and 20,000,000 Class B ordinary shares, of the Issuer outstanding according to internal records of the Issuer.
SCHEDULE 13D
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CUSIP No. | G7307E123 |
1 |
Name of reporting person
CISG Holdings Ltd. | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
![]() ![]() | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
VIRGIN ISLANDS, BRITISH
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
16,529,330.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
![]() | ||||||||
13 | Percent of class represented by amount in Row (11)
8.99 % | ||||||||
14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
(3) Note to Row 7, 9, 11: Represents 16,529,330 Class A ordinary shares, par value $0.001 per Class A ordinary share, of BGM Group Ltd. (the "Issuer") held by CISG Holdings Ltd, which is wholly owned by AIFU Inc.
(4) Note to Row 13: The percentage calculation is based on 183,959,931 ordinary shares, including 163,959,931 Class A ordinary shares and 20,000,000 Class B ordinary shares, of the Issuer outstanding according to internal records of the Issuer.
SCHEDULE 13D
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Item 1. | Security and Issuer | |
(a) | Title of Class of Securities:
Class A Ordinary Share, par value $0.00833335 per share | |
(b) | Name of Issuer:
BGM Group Ltd. | |
(c) | Address of Issuer's Principal Executive Offices:
No. 152 Hongliang East 1st Street, No. 1703, Tianfu New District, Chengdu,
CHINA
, 610200. | |
Item 1 Comment:
This Amendment No. 1 ("Amendment No. 1") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission on January 6, 2025 (the "Original Schedule 13D"). | ||
Item 2. | Identity and Background | |
(a) | The information previously provided in response to Item 2 is hereby amended and restated by replacing the text thereof in its entirety with the following:
This Schedule 13D is being filed jointly by AIFU Inc. ("AIFU") and CISG Holdings Ltd. ("CISG") (each, a "Reporting Person" and together, the "Reporting Persons") pursuant to Rule 13d-1(k) promulgated by the SEC under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). CISG is 100% held by AIFU. | |
(b) | The principal business and office address of AIFU is 27F, Pearl River Tower, No. 15 West Zhujiang Road, Zhujiang New Town, Tianhe, Guangzhou, Guangdong Province, People's Republic of China. The registered address of CISG is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. | |
(c) | AIFU is a holding company whose Class A ordinary shares are listed on the Nasdaq Global Select Market. Through its various subsidiaries and affiliated entities, AIFU operates as a leading AI-driven independent financial service provider in China. CISG is a holding company without any substantive operations. | |
(d) | During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | |
(e) | During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such law | |
(f) | AIFU is an exempt company with limited liability incorporated under the laws of Cayman Islands. CISG is an exempt company with limited liability incorporated under the laws of British Virgin Island. | |
Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Statement is hereby amended and and restated by incorporating by reference into Item 4, as applicable. | ||
Item 4. | Purpose of Transaction | |
Item 4 of the Statement is hereby amended and restated by replacing the text thereof in its entirety with the following:
On March 12, 2025, CISG entered into share transfer agreements ("Agreements") with four third party investment firms (the "Purchasers"). Pursuant to the Agreements, CISG will transfer a total of 53,466,331 Class A ordinary shares of the Issuer to such Purchasers, with each of the Purchasers acquiring 20,000,000, 20,000,000, 6,733,166 and 6,733,165 Class A ordinary shares of BGM respectively, in exchange for an aggregate consideration of US$106,932,662 (the "Share Transfer") . The Share Transfer has been completed on May 23, 2025 ("Closing Date"), and the consideration will be paid in two installments within two years from the Closing Date. Following the closing of the Share Transfer, AIFU, through CISG, will own approximately 8.99% of the issued and outstanding ordinary shares of the Issuer and 0.76% of its voting power. The purpose of the Share Transfer is to enhance the Company's capital efficiency and financial flexibility,
The Reporting Persons acquired beneficial ownership of the Ordinary Shares of the Issuer as described in this Schedule 13D/A for investment purposes. Consistent with the Reporting Persons' investment purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Persons may deem relevant to their investment in the Ordinary Shares. Although the Reporting Persons have no present plans or proposals to acquire or disposal of additional Ordinary Shares of the Issuer, the Reporting Persons may, from time to time, review their investment position in the Issuer and may make additional purchases of Ordinary Shares (or other securities convertible or exercisable into Ordinary Shares) in the open market or in privately negotiated transactions, or hold or dispose of all or part of their investments in the Ordinary Shares, depending upon the Reporting Persons' evaluation of the Issuer's business, prospects, financial condition and strategic direction, the market for the Ordinary Shares, other opportunities available to the Reporting Persons, general economic conditions, stock market conditions and other factors. | ||
Item 5. | Interest in Securities of the Issuer | |
(a) | The information previously provided in response to Item 5 is hereby amended and restated by replacing the text thereof in its entirety with the following:
(1) The aggregate number of ordinary shares beneficially owned by the Reporting Persons represents 16,529,330 Class A ordinary shares of the Issuer directly held by CISG which is 100% held by AIFU. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, AIFU may be deemed to beneficially own all of the Class A ordinary shares of the Issuer held by CISG.
(2) The Reporting Persons' aggregate percentage of beneficial ownership is 8.99%, representing 0.76% of the voting power of the Issuer. Percentage of beneficial ownership of each Reporting Person is based on 183,959,931 ordinary shares outstanding as of April 30, 2025, including 163,959,931 Class A ordinary shares and 20,000,000 Class B ordinary shares, based on the internal records of the Issuer. Each Class A ordinary share is entitled to one (1) vote while each Class B ordinary share is entitled to one hundred (100) votes on any and all matters submitted for a vote. | |
(b) | Each of the Reporting Persons has sole voting and dispositive power over the Ordinary Shares of the Issuer reported in this Schedule 13D/A. | |
(c) | During the 60 days preceding the filing of this Schedule 13D/A, none of the Reporting Persons and, to their knowledge, none of the director and officer of the Reporting Persons has effected any transactions in the Ordinary Shares of the Issuer except as reported herein. | |
(d) | To the best knowledge of the Reporting Persons, except for the agreement described in this Schedule 13D/A, no one other than the Reporting Persons, or the holders of interests in the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares of the Issuer that they beneficially own. | |
(e) | Not applicable. | |
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Except as described above or elsewhere in this Statement or incorporated by reference in this Statement, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Person and between the Reporting Persons and any person with respect to any securities of the Company, including, but not limited to, transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. | ||
Item 7. | Material to be Filed as Exhibits. | |
Exhibit 1: Joint Filing Agreement dated April 30, 2025 by and between the Reporting Persons
Exhibit 2: List of directors and executive officers of (i) AIFU Inc. and (ii) CISG Holdings Inc. (filed herewith)
Exhibit 10.1: Form of Share Purchase and Sale Agreement made among CISG Holdings Ltd., BGM Group Ltd. and each of Champ Prestige Limited, Qingyue Limited, Shimmering Holdings Ltd. and Ever Full Co., Ltd. (Incorporated by reference to Exhibit 4.12 of the amendment No. 1) |
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.
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