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OceanLink Partners Fund, LP, a Cayman Islands exempted limited partnership, reports beneficial ownership of 15,780,456 Class A ordinary shares of Atour Lifestyle Holdings Ltd, represented by 5,260,152 American Depositary Shares (ADSs), each ADS representing three Ordinary Shares.
This position represents 4.72% of Atour’s outstanding Ordinary Shares, based on 334,448,671 shares outstanding as of December 31, 2025. OceanLink has sole voting power over these shares and reports ownership of 5 percent or less of the class as of July 30, 2026.
Key Figures
Shares beneficially owned:15,780,456 Class A ordinary sharesOwnership percentage:4.72%Shares outstanding:334,448,671 Ordinary Shares+2 more
5 metrics
Shares beneficially owned15,780,456 Class A ordinary sharesBeneficial ownership reported by OceanLink Partners Fund as of July 30, 2026
Ownership percentage4.72%Percentage of Atour’s outstanding Class A ordinary shares held by OceanLink Partners Fund
Shares outstanding334,448,671 Ordinary SharesTotal Atour Ordinary Shares outstanding as of December 31, 2025, from Form 20-F
ADS-to-share ratio1 ADS = 3 Ordinary SharesEach American Depositary Share represents three Class A ordinary shares
ADS held5,260,152 ADSsADS position corresponding to OceanLink’s beneficial ownership in Atour
Key Terms
American Depositary Shares, beneficially owns, sole voting power, dispositive power
4 terms
American Depositary Sharesfinancial
"represented by 5,260,152 American Depositary Shares (ADSs), each ADS representing"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
beneficially ownsfinancial
"The Reporting Person beneficially owns 15,780,456 Class A ordinary shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
sole voting powerfinancial
"The Reporting Person has the sole power to vote or direct the vote"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive powerfinancial
"sole power to dispose or direct the disposition of"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Atour Lifestyle Holdings (ATAT) does OceanLink Partners Fund currently own?
OceanLink Partners Fund beneficially owns 4.72% of Atour Lifestyle Holdings’ Class A ordinary shares. This is based on 334,448,671 Ordinary Shares outstanding as of December 31, 2025, as reported in Atour’s Form 20-F.
How many Atour (ATAT) shares are reported as owned by OceanLink Partners Fund?
OceanLink Partners Fund reports beneficial ownership of 15,780,456 Class A ordinary shares of Atour. These are represented by 5,260,152 ADSs, with each ADS corresponding to three Ordinary Shares, as of July 30, 2026.
What is the ADS-to-share ratio for Atour Lifestyle Holdings (ATAT) in this filing?
Each Atour American Depositary Share (ADS) represents three (3) Class A ordinary shares. OceanLink’s 5,260,152 ADSs correspond to 15,780,456 Ordinary Shares, as disclosed in the Schedule 13G/A amendment.
Does OceanLink Partners Fund have sole voting power over its Atour (ATAT) stake?
Yes. OceanLink Partners Fund has sole voting power over 15,780,456 Ordinary Shares of Atour and reports no shared voting power. It also reports ownership of 5 percent or less of the class.
What share count did Atour (ATAT) report as outstanding for calculating OceanLink’s 4.72% stake?
The 4.72% ownership is calculated using 334,448,671 Ordinary Shares outstanding. This total outstanding share count is taken from Atour’s Form 20-F for the year ended December 31, 2025.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Atour Lifestyle Holdings Ltd
(Name of Issuer)
Class A ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
04965M106
(CUSIP Number)
06/30/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
04965M106
1
Names of Reporting Persons
OceanLink Partners Fund, LP
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
15,780,456.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
15,780,456.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,780,456.00
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)
4.72 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: (1) The values in rows 5,7, and 9 - 15,780,456 Ordinary Shares represented by 5,260,152 American Depositary Shares (ADSs), each ADS representing three (3) Ordinary Shares.
(2) The percentage in row 11 - 4.72% is based on 334,448,671 Ordinary Shares outstanding as of December 31, 2025 as reported on the issuer's 20-F on April 17, 2026
This statement on Schedule 13G is being filed by OceanLink Partners Fund, LP, a Cayman Islands exempted limited partnership (the "Reporting Person")
(b)
Address or principal business office or, if none, residence:
The business address of the Reporting Person is Unit 2430, 24/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong.
(c)
Citizenship:
The Reporting Person is a Cayman Islands exempted limited partnership.
(d)
Title of class of securities:
Class A ordinary shares, par value $0.0001 per share
(e)
CUSIP No.:
04965M106
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:
The Reporting Person beneficially owns 15,780,456 Class A ordinary shares, par value US$0.0001 per share, of the Issuer ("Ordinary Shares") represented by 5,260,152 American Depositary Shares (ADSs), each ADS representing three (3) Ordinary Shares. The amount and percentage of beneficial ownership reported herein are as of July 30, 2026.
(b)
Percent of class:
4.72 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The Reporting Person has the sole power to vote or direct the vote of 15,780,456 Ordinary Shares.
(ii) Shared power to vote or to direct the vote:
The Reporting Person has the shared power to vote or to direct the vote of 0 Ordinary Shares.
(iii) Sole power to dispose or to direct the disposition of:
The Reporting Person has the sole power to dispose or direct the disposition of 5,780,456 Ordinary Shares.
(iv) Shared power to dispose or to direct the disposition of:
The Reporting Person has the shared power to dispose or to direct the disposition of 0 Ordinary Shares.
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.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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.
OceanLink Partners Fund, LP
Signature:
/s/Richard Li
Name/Title:
Director
Date:
08/14/2026
Exhibit Information
The Reporting Person beneficially owns approximately 4.72% of the class. The percentage of beneficial ownership reported herein, and on the Reporting Person's cover page to this Schedule 13G, is based on a total of 334,448,671 Ordinary Shares issued and outstanding as of December 31, 2025, as reported in the most recent annual report of the Issuer on Form 20-F for its fiscal year ended December 31, 2025.
