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[SCHEDULE 13D] Pintec Technology Holdings Limited American SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D
Rhea-AI Filing Summary

Pintec Technology Holdings Limited (ADS - each ADS = 35 Class A shares) Schedule 13D reports that Jun Dong, together with entities he controls (Flamel Enterprises Ltd and Genius Hub Limited), beneficially owns an aggregate 52,499,520 ordinary shares, representing 9.4% of the company on a single-class basis and 60.2% of total outstanding voting power due to Class B shares carrying 15 votes each. On August 15, 2025, Genius Hub purchased 15,698,914 Class B shares from Wise Plus Limited for $200,000, funded by a $200,000 interest-free promissory note from Mr. Dong payable February 15, 2026. The filing states the transfer was made to support ownership stability and leadership continuity and notes the Reporting Persons may review and change their holdings over time.

Positive
  • Disclosure of transaction details including purchase price ($200,000) and promissory note terms (interest-free, due Feb 15, 2026)
  • Clear statement of purpose that the transfer aims to support ownership stability and leadership continuity
  • Explicit ownership and voting breakdown showing aggregated shares and calculation of voting power (60.2%)
Negative
  • High concentration of voting power in the hands of Jun Dong (60.2%) which may raise corporate governance concerns
  • Related-party nature of the transaction (transfer among entities controlled by Mr. Dong and a sale by an affiliate) with limited economic consideration
  • Potential for future undisclosed transactions as Reporting Persons reserve right to acquire or dispose shares

Insights

TL;DR: Insider consolidates voting control via related entities; raises governance concentration questions.

The Schedule 13D documents a transfer that increases a single individuals effective control over Pintec through majority voting power concentrated in Class B shares. The report is explicit that Jun Dong controls Flamel and directs shares held by Genius Hub via a trust structure, producing 60.2% voting control. This concentration is material for governance because it allows unilateral influence over board composition and major corporate actions. The $200,000 purchase price for 15.7 million Class B shares and accompanying promissory note are disclosed and should be reviewed for related-party transaction protocols and disclosure adequacy. The filing indicates no current plan for other specified changes but leaves open future acquisitions or dispositions.

TL;DR: Transaction is small economically but materially changes control dynamics due to high-vote Class B shares.

The economic consideration disclosed ($200,000) is modest relative to the share count but the swap alters beneficial ownership records and reinforces existing control. For investors, the key metric is not the dollar price but the shift and confirmation of voting influence. The filing includes a joint filing agreement and attachments for the share transfer and promissory note, which are relevant for assessing arm's-length terms. The Reporting Persons also reserve the ability to trade further, which maintains potential for future ownership changes.






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




Comment for Type of Reporting Person:
Note to 7, 9, 11: Represents (i) 1,560,000 Class A ordinary shares that Mr. Dong has the right to acquire upon exercise of option, (ii) 18,448,795 Class B ordinary shares directly held by Flamel Enterprises Ltd, and (iii) 32,490,725 Class B ordinary shares directly held by Genius Hub Limited. Mr. Dong is the sole shareholder and the sole director of Flamel Enterprises Ltd. Note to 13: Holders of Class A ordinary shares are entitled to one vote per share, while holders of Class B ordinary shares are entitled to fifteen votes per share. The voting power of the shares beneficially owned by Mr. Dong represents 60.2% of the total outstanding voting power.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 7, 9, 11: Represents 18,448,795 Class B ordinary shares directly held by Flamel Enterprises Ltd. Note to 13: The voting power of the shares held by Flamel Enterprises Ltd represents 21.8% of the total outstanding voting power.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to 7, 9, 11: Represents 32,490,725 Class B ordinary shares directly held by Genius Hub Limited. Note to 13: The voting power of the shares held by Genius Hub Limited represents 38.3% of the total outstanding voting power.


SCHEDULE 13D


Jun Dong
Signature:/s/ Jun Dong
Name/Title:Jun Dong
Date:08/22/2025
Flamel Enterprises Ltd
Signature:/s/ Jun Dong
Name/Title:Jun Dong/Director
Date:08/22/2025
Genius Hub Limited
Signature:/s/ Jun Dong
Name/Title:Jun Dong/Director
Date:08/22/2025

FAQ

Who filed the Schedule 13D for Pintec (PT)?

The filing was made by Jun Dong, Flamel Enterprises Ltd, and Genius Hub Limited as joint Reporting Persons.

How many shares and what percentage does Jun Dong beneficially own?

The Reporting Persons beneficially own 52,499,520 ordinary shares, representing 9.4% of issued shares on a single-class basis and 60.2% of outstanding voting power.

What transaction occurred on August 15, 2025?

Genius Hub purchased 15,698,914 Class B ordinary shares from Wise Plus Limited for $200,000, funded by a promissory note from Jun Dong.

What are the terms of the promissory note used to fund the purchase?

The promissory note is interest-free and matures on February 15, 2026.

Does the filing indicate any planned corporate actions?

The filing states there are no present plans or proposals for actions specified in Item 4, but the Reporting Persons may acquire or dispose of securities in the future.
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