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Atour Lifestyle Holdings Ltd (ATAT) is the issuer whose Class A ordinary shares M&G Plc, on behalf of certain subsidiaries, reported as beneficially owned: 17,380,242 shares, or 5.20% of the class. The reporting persons reported sole voting power over 16,265,283 shares and sole dispositive power over 17,380,242 shares, with 0 shared voting power and 0 shared dispositive power. The securities are held for investment vehicles managed by one or more reporting persons; each reporting person disclaims beneficial ownership except to the extent of its beneficial ownership therein.
Key Figures
Beneficially owned Class A ordinary shares:17,380,242 sharesPercent of class:5.20%Sole voting power:16,265,283 shares+1 more
4 metrics
Beneficially owned Class A ordinary shares17,380,242 sharesReported by M&G Plc on behalf of certain subsidiaries
Percent of class5.20%Beneficial ownership reported
Sole voting power16,265,283 sharesReported voting authority
Sole dispositive power17,380,242 sharesReported disposition authority
Key Terms
beneficial ownership, sole voting power, sole dispositive power, investment manager
4 terms
beneficial ownershipregulatory
"Amount beneficially owned: 17,380,242"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole voting powerregulatory
"Sole power to vote or to 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.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
investment managerfinancial
"serves as investment manager"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many ATAT shares did M&G Plc report beneficially owning?
M&G Plc, on behalf of certain subsidiaries, reported beneficial ownership of 17,380,242 Class A ordinary shares, equal to 5.20% of the class.
How much voting and dispositive power did M&G report over ATAT shares?
The reporting persons reported sole voting power over 16,265,283 shares and sole dispositive power over 17,380,242 shares. Shared voting power and shared dispositive power were each 0 shares.
Who holds the ATAT shares reported by M&G Plc?
The securities are held for investment vehicles for which one or more reporting persons serves as investment manager. Each reporting person disclaims beneficial ownership except to the extent of its beneficial ownership therein.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Atour Lifestyle Holdings Limited
(Name of Issuer)
Class A ordinary shares, par value $0.00001 per share
(Title of Class of Securities)
04965M106
(CUSIP Number)
09/30/2026
(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
M&G Plc on behalf of certain subsidiaries
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
16,265,283.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
17,380,242.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
17,380,242.00
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)
5.20 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Atour Lifestyle Holdings Limited
(b)
Address of issuer's principal executive offices:
18th Floor, Wuzhong Building, 618 Wuzhong Road, Minhang District, Shanghai,201103,People's Republic of China
Item 2.
(a)
Name of person filing:
M&G Plc on behalf of certain subsidiaries
(b)
Address or principal business office or, if none, residence:
10 Fenchurch Avenue, London, EC3M 5AG
(c)
Citizenship:
United Kingdom, England
(d)
Title of class of securities:
Class A ordinary shares, par value $0.00001 per share
(e)
CUSIP Number(s):
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).
M&G Plc is the ultimate parent, through wholly-owned intermediate holding companies, of the persons listed in Item 7, each of which is a person of a category specified in 240.13d-1(b)(1)(ii)(A) through (J). M&G Plc and such other persons are referred to herein collectively as the "Reporting Persons."
The securities reported herein are held for the account of investment vehicles for which one or more of the Reporting Persons serves as investment manager. In such capacity and/or through other relationships, which may change from time to time, each Reporting Person may be deemed to beneficially own all or a portion of the securities reported herein. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of its beneficial ownership therein.
Item 4.
Ownership
(a)
Amount beneficially owned:
17,380,242
(b)
Percent of class:
5.20%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
16,265,283
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
17,380,242
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit A
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 acquired and are held in the ordinary course of business and 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.
