UCLOUDLINK GROUP INC. updates beneficial ownership in an amendment to its Schedule 13G/A. Hui Li is reported to beneficially own 19,554,430 Class A ordinary shares (7.64%). Junmei Yin is reported to beneficially own 19,553,430 shares (7.64%).
Meri Growth Capital Limited is reported to beneficially own 14,650,370 Class A ordinary shares (5.73%), and the filing ties these figures to an outstanding share count of 255,898,610 Class A ordinary shares as reported in the Form 20-F filed March 27, 2025. The statements explain that holdings are held in the form of ADSs and that certain shares are held indirectly.
Positive
None.
Negative
None.
Insights
Routine ownership disclosure showing individual and affiliated holdings above 5%.
The amendment restates beneficial ownership for two individuals and a related entity with exact share counts and percentages tied to the issuer's disclosed outstanding share base as of March 27, 2025. The filing clarifies direct and indirect holdings via ADSs and an affiliated vehicle.
These are disclosure-level items that document positions and potential voting influence; cash‑flow treatment and any transfer intent are not stated. Subsequent filing activity would be required to show disposals or acquisitions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
UCLOUDLINK GROUP INC.
(Name of Issuer)
Class A ordinary shares, par value US$0.00005 per share
(Title of Class of Securities)
(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)
schemaVersion:
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Hui Li
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
CHINA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
19,554,430.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
19,554,430.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
19,554,430.00
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)
7.64 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) Hui Li may be deemed to have beneficial ownership over 19,554,430 Class A ordinary shares held of record in the form of 1,955,343 ADSs, of which his wife, Junmei Yin holds 490,306 ADSs, and Hui Li holds 1,465,037 ADSs indirectly through Meri Growth Capital Limited.
(2) Calculated based on 255,898,610 Class A ordinary shares of the Issuer outstanding, as reported in the Issuer's Form 20-F filed with the Securities and Exchange Commission on March 27, 2025.
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Junmei Yin
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
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
19,553,430.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
19,553,430.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
19,553,430.00
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)
7.64 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) Junmei Yin may be deemed to have beneficial ownership over 19,553,430 Class A ordinary shares held of record in the form of 1,955,343 ADSs, of which she holds 490,306 ADSs, and her husband Hui Li indirectly holds 1,465,037 ADSs through Meri Growth Capital Limited.
(2) Calculated based on 255,898,610 Class A ordinary shares of the Issuer outstanding, as reported in the Issuer's Form 20-F filed with the Securities and Exchange Commission on March 27, 2025.
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Meri Growth Capital Limited
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
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,650,370.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,650,370.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,650,370.00
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)
5.73 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: 1) Meri Growth Capital Limited may be deemed to have direct beneficial ownership over 14,650,370 Class A ordinary shares held of record in the form of 1,465,037 ADSs. The individual Hui Li, a director of Meri Growth Capital Limited indirectly holds 1,465,037 ADSs indirectly through Meri Growth Capital Limited.
2) Calculated based on 255,898,610 Class A ordinary shares of the Issuer outstanding, as reported in the Issuer's Form 20-F filed with the Securities and Exchange Commission on March 27, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
UCLOUDLINK GROUP INC.
(b)
Address of issuer's principal executive offices:
Room 2119, 21/F, One Pacific Centre 414 Kwun Tong Road Kowloon K3 00000
Item 2.
(a)
Name of person filing:
This Schedule 13G Amendment is being filed by the following reporting person ("Reporting Person"):
Hui Li
Junmei Yin
Meri Growth Capital Limited
(b)
Address or principal business office or, if none, residence:
Hui Li
12L Building A, Caifu Square, No. 7002 Shennan Road, Shenzhen, Guangdong, China 518038
Junmei Yin
12L Building A, Caifu Square, No. 7002 Shennan Road, Shenzhen, Guangdong, China 518038
Meri Growth Capital Limited
Vistra Corporate Services Centre, Wickham Cay II, Road Town, Tortola, VG1110, British Virgin Islands
(c)
Citizenship:
Hui Li
People's Republic of China
Junmei Yin
Hong Kong Special Administrative Region of the People's Republic of China
Meri Growth Capital Limited (Place of Incorporation)
British Virgin Islands
(d)
Title of class of securities:
Class A ordinary shares, par value US$0.00005 per share
(e)
CUSIP No.:
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.
(b)
Percent of class:
The information required by Items 4(b) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
Not Applicable.
(iii) Sole power to dispose or to direct the disposition of:
Not Applicable.
(iv) Shared power to dispose or to direct the disposition of:
Not Applicable.
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.
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.
What ownership changes did UCL report in this Schedule 13G/A?
The filing reports beneficial ownership counts for three reporting persons, including Hui Li: 19,554,430 shares and Meri Growth: 14,650,370 shares. These figures are presented as percentages of the outstanding 255,898,610 Class A shares reported on March 27, 2025.
How large are Hui Li and Junmei Yin's stakes in UCL?
Hui Li is reported to beneficially own 19,554,430 Class A shares (7.64%) and Junmei Yin19,553,430 shares (7.64%), calculated using the issuer's outstanding share figure disclosed in the Form 20-F filed March 27, 2025.
Does the filing show who controls the shares held by Meri Growth Capital?
The filing states that Meri Growth Capital Limited holds 14,650,370 Class A shares and that the individual Hui Li is a director of Meri Growth, with an indirect interest in those ADS‑format holdings as described in the amendment.
Are these shares held directly or as ADSs according to the filing?
The amendment explains the holdings are recorded in the form of ADSs: the disclosed share counts correspond to ADS numbers (e.g., 1,955,343 ADSs representing 19,553,430 shares) and note both direct and indirect ownership channels for reporting persons.
Does the Schedule 13G/A state any intended sales or purchases of UCL shares?
No intended transactions are stated; the amendment provides updated beneficial ownership counts and ownership percentages tied to the issuer's disclosed outstanding share count. The filing does not describe plans to acquire or dispose of shares.
