Shu Ting (COE) discloses major Class A and Class B share stakes
Rhea-AI Filing Summary
51Talk Online Education Group director Shu Ting filed an initial ownership report detailing substantial direct and indirect stakes in the company. She directly holds 432,900 Class A ordinary shares and is also reported as an indirect beneficial owner of additional Class A and Class B ordinary shares through entities and her spouse.
Indirect Class A holdings include 41,563,800 shares through Dasheng Global Limited and 7,297,560 and 23,391,300 shares through her spouse. Indirect Class B holdings include 30,390,321 shares through Dasheng Global Limited and 15,535,423 shares through Dasheng Online Limited. She also has multiple grants of restricted share units, each representing one Class A ordinary share, with underlying amounts such as 275,000 and 137,500 shares and expirations extending to 2035. The filing notes that Class A ordinary shares are held as American depositary shares, with each ADS representing sixty Class A ordinary shares, and that she disclaims beneficial ownership of her spouse’s shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents sixty Class A ordinary shares. Each of Dasheng Online Limited and Dasheng Global Limited is a British Virgin Islands company. The reporting person is the sole director of Dasheng Online Limited, and Mr. Jack Jiajia Huang, who is the spouse of the reporting person, is the sole director of Dasheng Global Limited. Each of Dasheng Online Limited and Dasheng Global Limited is wholly beneficially owned by Dasheng International Holdings Limited, which is in turn wholly owned by TB Family Trust, for which TMF (Cayman) Ltd. acts as the trustee (the "Trustee"). S.B. Vanwall Ltd., appointed by the Trustee, is the sole director of Dasheng International Holdings Limited. The settlors of TB Family Trust are reporting person and Mr. Jack Jiajia Huang. The reporting person, Mr. Jack Jiajia Huang and their family members are beneficiaries under TB Family Trust. As a result, both reporting person and Mr. Jack Jiajia Huang are deemed to be beneficial owners of the shares directly held by Dasheng Online Limited and Dasheng Global Limited. The reporting person disclaims beneficial ownership of the shares held by her spouse except to the extent of her pecuniary interest, if any, and this report should not be deemed an admission that the reporting person is the beneficial owner of her spouse's shares for purposes of Section 16 or for any other purpose. Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans. Each RSU represents the contingent right to receive one (1) class A ordinary share of issuer upon vesting.
