General Atlantic-affiliated funds report that they no longer beneficially own any Adagene Inc. shares. As of December 31, 2025, the group reports beneficial ownership of 0 American Depositary Shares (ADSs) and 0 underlying ordinary shares, equal to 0% of the class.
The filing notes that each ADS represents one and one quarter ordinary shares. Percentage calculations reference 58,914,087 ordinary shares outstanding as of June 30, 2025, as reflected in an Adagene prospectus filed with the SEC on January 9, 2026.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Adagene Inc.
(Name of Issuer)
Ordinary shares, par value US$0.0001 per share
(Title of Class of Securities)
005329107
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic Singapore Fund Pte. Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic Singapore Interholdco Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic Partners (Bermuda) IV, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic Partners (Bermuda) EU, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic GenPar (Bermuda), L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
GAP (Bermuda) L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
GENERAL ATLANTIC, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
GAP Coinvestments III, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
GAP Coinvestments IV, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
GAP Coinvestments V, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
GAP Coinvestments CDA, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic Partners (Lux) SCSp
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic GenPar (Lux) SCSp
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic (Lux) S.a r.l.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
005329107
1
Names of Reporting Persons
General Atlantic Singapore AI Pte. Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Adagene Inc.
(b)
Address of issuer's principal executive offices:
4F, Building C14, No. 218, Xinghu Street, Suzhou Industrial Park, Suzhou, Jiangsu Province, 215123, People's Republic of China
Item 2.
(a)
Name of person filing:
This statement is being filed on behalf of each of the following persons (collectively, the "Reporting Persons").
(i) General Atlantic Singapore Fund Pte. Ltd. ("GASF");
(ii) General Atlantic Singapore Interholdco Ltd. ("GAS Interholdco");
(iii) General Atlantic Partners (Bermuda) IV, L.P. ("GAP Bermuda IV");
(iv) General Atlantic Partners (Bermuda) EU, L.P. ("GAP Bermuda EU");
(v) General Atlantic GenPar (Bermuda), L.P. ("GenPar Bermuda");
(vi) GAP (Bermuda) L.P. ("GAP (Bermuda) LP");
(vii) General Atlantic, L.P. ("GA LP");
(viii) GAP Coinvestments III, LLC ("GAPCO III");
(ix) GAP Coinvestments IV, LLC ("GAPCO IV");
(x) GAP Coinvestments V, LLC ("GAPCO V");
(xi) GAP Coinvestments CDA, L.P. ("GAPCO CDA");
(xii) General Atlantic Partners (Lux) SCSp ("GAP Lux");
(xiii) General Atlantic GenPar, (Lux) SCSp ("GA GenPar Lux");
(xiv) General Atlantic (Lux) S.a. r.l. ("GA Lux"); and
(xv) General Atlantic Singapore AI Pte. Ltd. ("GA AI").
GAP Bermuda IV, GAP Bermuda EU, GAP Lux, GAPCO III, GAPCO IV, GAPCO V and GAPCO CDA are collectively referred to as the "GA Funds."
The CUSIP appearing on the cover page of this statement applies to the American Depositary Shares (the "ADSs"), evidenced by American Depositary Receipts, each representing one and one quarter (1.25) ordinary shares. No CUSIP has been assigned to the ordinary shares.
(b)
Address or principal business office or, if none, residence:
The address of GA LP, GAPCO III, GAPCO IV, GAPCO V, and GAPCO CDA is c/o General Atlantic Service Company, L.P., 55 East 52nd Street, 33rd Floor, New York, NY 10055. The address of GAS Interholdco, GAP Bermuda IV, GAP Bermuda EU, GenPar Bermuda, and GAP (Bermuda) LP is C/O Conyers Client Services Limited, Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The address of GAP Lux, GA GenPar Lux and GA Lux Sarl is 412F, route d'Esch, L-2086 Luxembourg, Grand Duchy of Luxembourg. The address of GASF and GA AI is 80 Robinson Road #02-00, Singapore, 068898.
(c)
Citizenship:
(i) GASF - Singapore
(ii) GAS Interholdco - Bermuda
(iii) GAP Bermuda IV - Bermuda
(iv) GAP Bermuda EU - Bermuda
(v) GenPar Bermuda - Bermuda
(vi) GAP (Bermuda) LP - Bermuda
(vii) GA LLC - Delaware
(viii) GAPCO III - Delaware
(ix) GAPCO IV - Delaware
(x) GAPCO V - Delaware
(xi) GAPCO CDA - Delaware
(xii) GAP Lux - Luxembourg
(xiii) GA GenPar Lux - Luxembourg
(xiv) GA Lux - Luxembourg
(xv) GA AI - Singapore
(d)
Title of class of securities:
Ordinary shares, par value US$0.0001 per share
(e)
CUSIP No.:
005329107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of December 31, 2025, none of the Reporting Persons beneficially owned any ADSs or ordinary shares.
GA AI is wholly owned by GASF. The majority shareholder of GASF is GAS Interholdco. The members of GAS Interholdco that share beneficial ownership of the ADSs held of record by GA AI are the GA Funds. The general partner of GAP Lux is GA GenPar Lux and the general partner of GA GenPar Lux is GA Lux. The general partner of GAP Bermuda EU and GAP Bermuda IV and the sole shareholder of GA Lux is GenPar Bermuda. GAP (Bermuda) LP, which is controlled by the Management Committee of GASC MGP, LLC (the "GA Management Committee"), is the general partner of GenPar Bermuda. GA LP, which is also controlled by the GA Management Committee, is the managing member of GAPCO III, GAPCO IV and GAPCO V and the general partner of GAPCO CDA. There are six members of the GA Partnership Committee as of the date hereof. Each of the members of the GA Partnership Committee disclaims ownership of the ADSs and the underlying ordinary shares except to the extent that he has a pecuniary interest therein. The name, the business address and the citizenship of each of the members of the GA Partnership Committee and the directors of GASF and GAS Interholdco, in each case as of the date hereof, is attached hereto as Schedule A and is hereby incorporated by reference.
Amount Beneficially Owned:
By virtue of the relationship described above, each of the Reporting Persons may be deemed to beneficially own 0 ADSs representing 0 ordinary shares.
(b)
Percent of class:
Percentage Owned:
All calculations of percentage ownership herein are based on an aggregate of 58,914,087 ordinary shares of the Issuer reported to be outstanding as of June 30, 2025, as reflected in the Issuer's Prospectus, filed with the U.S. Securities and Exchange Commission on January 9, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Each of the Reporting Persons may be deemed to have the sole power to direct the voting and dispositions of the ordinary shares, the ADSs and underlying ordinary shares as indicated on such Reporting Person's cover page included herein.
(ii) Shared power to vote or to direct the vote:
Each of the Reporting Persons may be deemed to share the power to direct the voting and dispositions of 0 ADSs representing 0 ordinary shares that may be deemed to be owned beneficially by each of them.
(iii) Sole power to dispose or to direct the disposition of:
Each of the Reporting Persons may be deemed to share the power to direct the voting and dispositions of 0 ADSs representing 0 ordinary shares that may be deemed to be owned beneficially by each of them.
(iv) Shared power to dispose or to direct the disposition of:
Each of the Reporting Persons may be deemed to share the power to direct the voting and dispositions of 0 ADSs representing 0 ordinary shares that may be deemed to be owned beneficially by each of them.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 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 Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Item 4, which states the identity of the members of the group filing this Schedule 13G.
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.
General Atlantic Singapore Fund Pte. Ltd.
Signature:
/s/ Ong Yu Huat
Name/Title:
Ong Yu Huat, Director
Date:
02/17/2026
General Atlantic Singapore Interholdco Ltd.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Director
Date:
02/17/2026
General Atlantic Partners (Bermuda) IV, L.P.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GAP (BERMUDA) GP LTD, the general partner of GAP (BERMUDA) L.P., the general partner of GENERAL ATLANTIC GENPAR, LP
Date:
02/17/2026
General Atlantic Partners (Bermuda) EU, L.P.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GAP (BERMUDA) GP LTD, the general partner of GAP (BERMUDA) L.P., the general partner of GENERAL ATLANTIC GENPAR, LP
Date:
02/17/2026
General Atlantic GenPar (Bermuda), L.P.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GAP (BERMUDA) GP LIMITED, the general partner of GAP (BERMUDA) L.P., its general partner
Date:
02/17/2026
GAP (Bermuda) L.P.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GAP (BERMUDA) GP LIMITED, its general partner
Date:
02/17/2026
GENERAL ATLANTIC, L.P.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director
Date:
02/17/2026
GAP Coinvestments III, LLC
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GENERAL ATLANTIC, L.P., its managing member
Date:
02/17/2026
GAP Coinvestments IV, LLC
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GENERAL ATLANTIC, L.P., its managing member
Date:
02/17/2026
GAP Coinvestments V, LLC
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GENERAL ATLANTIC, L.P., its managing member
Date:
02/17/2026
GAP Coinvestments CDA, L.P.
Signature:
/s/ Michael Gosk
Name/Title:
Michael Gosk, Managing Director of GENERAL ATLANTIC, L.P., its general partner
Date:
02/17/2026
General Atlantic Partners (Lux) SCSp
Signature:
/s/ Ingrid van der Hoorn
Name/Title:
Ingrid van der Hoorn, Manager A of GENERAL ATLANTIC (LUX) S.A R.L., the general partner of GENERAL ATLANTIC GENPAR (LUX) SCSP, its general partner
Date:
02/17/2026
Signature:
/s/ William Blackwell
Name/Title:
William Blackwell, Manager B of GENERAL ATLANTIC (LUX) S.A R.L., the general partner of GENERAL ATLANTIC GENPAR (LUX) SCSP, its general partner
Date:
02/17/2026
General Atlantic GenPar (Lux) SCSp
Signature:
/s/ Ingrid van der Hoorn
Name/Title:
Ingrid van der Hoorn, Manager A of General Atlantic (Lux) S.a.r.l., its general partner
Date:
02/17/2026
Signature:
/s/ William Blackwell
Name/Title:
William Blackwell, Manager B of General Atlantic (Lux) S.a.r.l., its general partner
Date:
02/17/2026
General Atlantic (Lux) S.a r.l.
Signature:
/s/ Ingrid van der Hoorn
Name/Title:
Ingrid van der Hoorn, Manager A
Date:
02/17/2026
Signature:
/s/ William Blackwell
Name/Title:
William Blackwell, Manager B
Date:
02/17/2026
General Atlantic Singapore AI Pte. Ltd.
Signature:
/s/ Ong Yu Huat
Name/Title:
Ong Yu Huat, Director
Date:
02/17/2026
Exhibit Information
Exhibit 1: Agreement relating to the filing of joint acquisition statements as required by Rule 13d-1(k)(1) under the Act (previously filed).
(https://www.sec.gov/Archives/edgar/data/1017645/000095014222000609/eh220223350_13g-adagene.htm)
What does General Atlantic’s Schedule 13G/A for Adagene (ADAG) report?
The Schedule 13G/A reports that General Atlantic-affiliated entities no longer beneficially own Adagene securities. As of December 31, 2025, they report 0 ADSs and 0 ordinary shares, indicating their reported ownership position has fallen to 0% of the company’s outstanding ordinary shares.
How many Adagene (ADAG) shares does General Atlantic report owning?
The filing states General Atlantic-related reporting persons beneficially own 0 ADSs representing 0 ordinary shares. This corresponds to 0% of Adagene’s outstanding ordinary shares, based on 58,914,087 ordinary shares reported outstanding as of June 30, 2025 in the company’s January 9, 2026 SEC prospectus.
What share count is used to calculate General Atlantic’s Adagene (ADAG) ownership percentage?
Ownership percentages are calculated using 58,914,087 Adagene ordinary shares. This figure reflects the aggregate ordinary shares reported outstanding as of June 30, 2025, according to an Adagene prospectus filed with the SEC on January 9, 2026, and is the basis for the reported 0% ownership.
What class of Adagene (ADAG) securities is covered in this Schedule 13G/A?
The filing covers Adagene’s ordinary shares with a par value of US$0.0001 per share. It explains that the quoted CUSIP applies to American Depositary Shares (ADSs), with each ADS representing one and one quarter ordinary shares, while no separate CUSIP exists for the ordinary shares themselves.
Who are the reporting persons in the Adagene (ADAG) Schedule 13G/A amendment?
The filing lists multiple General Atlantic-affiliated entities as reporting persons, including various Singapore, Bermuda, Delaware, and Luxembourg entities. These include General Atlantic Singapore Fund Pte. Ltd., several GA funds and coinvestment vehicles, and related general partner and management entities acting together as a reporting group.
What does “ownership of 5 percent or less” mean in this Adagene (ADAG) filing?
The filing’s ownership section confirms that the reporting group holds 5% or less of Adagene’s ordinary shares. In this case, they report beneficial ownership of 0 ADSs and 0 ordinary shares, translating to 0% of the class based on the referenced outstanding share count.
