UCLOUDLINK 13G/A — Hui Li, Junmei Yin and Meri Growth Capital Disclose Stakes

Rhea-AI Filing Summary

UCLOUDLINK GROUP INC. Schedule 13G/A discloses beneficial ownership positions as of 08/15/2025 for three reporting persons: Hui Li, Junmei Yin and Meri Growth Capital Limited. Hui Li and Junmei Yin each may be deemed to beneficially own 15,603,430 Class A ordinary shares 6.10% of the Class A shares outstanding. Meri Growth Capital Limited may be deemed to beneficially own 14,650,370 Class A ordinary shares (1,465,037 ADSs), representing 5.73%. The filing states these securities were not acquired to change or influence control of the issuer. Percentages are calculated using 255,898,610 Class A ordinary shares outstanding per the issuer's Form 20-F filed March 27, 2025.

Insights

Securities Analyst

TL;DR: Beneficial ownership disclosures show two insiders with ~6.1% and an affiliated entity with ~5.7%; no control intent declared.

The filing provides clear ownership figures: Hui Li and Junmei Yin are each reported as having beneficial ownership of 15,603,430 Class A shares (1,560,343 ADSs), or 6.10% of the class, while Meri Growth Capital Limited holds 14,650,370 Class A shares (1,465,037 ADSs), or 5.73%. These amounts are calculated using 255,898,610 Class A shares outstanding from the issuer's Form 20-F dated March 27, 2025. The reporting persons certify the holdings were not acquired to influence control, which frames the disclosure as informational rather than an activist or control-seeking filing.

Corporate Governance Expert

TL;DR: Material ownership thresholds exceeded 5% for each reporting person, triggering required Schedule 13G/A disclosure.

The document identifies jurisdictions and addresses for the reporting persons and specifies voting and dispositive powers: Hui Li and Junmei Yin report sole voting and dispositive power over 15,603,430 shares; Meri Growth Capital Limited reports shared voting and dispositive power over 14,650,370 shares. The certification in Item 10 confirms the holdings are not intended to effect control, consistent with a passive Schedule 13G/A filing rather than a Schedule 13D. This filing is procedurally material to governance transparency but does not by itself indicate change in control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

UCLOUDLINK GROUP INC.

(Name of Issuer)

Class A ordinary shares, par value US$0.00005 per share

(Title of Class of Securities)

90354D104

(CUSIP Number)

08/15/2025

(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)

SCHEDULE 13G

CUSIP No. 90354D104

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 15,603,430.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,603,430.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,603,430.00

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)

6.1 %

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 15,603,430 Class A ordinary shares held of record in the form of 1,560,343 ADSs, of which his wife, Junmei Yin holds 95,306 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. 90354D104

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 15,603,430.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,603,430.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,603,430.00

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)

6.10 %

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 15,603,430 Class A ordinary shares held of record in the form of 1,560,343 ADSs, of which she holds 95,306 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. 90354D104

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.: 90354D104
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 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.
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.

Hui Li

Signature:	/s/ Hui Li
Name/Title:	Hui Li
Date:	08/15/2025

Signature:	/s/ Junmei Yin
Name/Title:	Junmei Yin
Date:	08/15/2025

Signature:	/s/ Hui Li
Name/Title:	Director: Hui Li
Date:	08/15/2025

Junmei Yin

Signature:	/s/ Hui Li
Name/Title:	Hui Li
Date:	08/15/2025

Signature:	/s/ Junmei Yin
Name/Title:	Junmei Yin
Date:	08/15/2025

Signature:	/s/ Hui Li
Name/Title:	Director: Hui Li
Date:	08/15/2025

Meri Growth Capital Limited

Signature:	/s/ Hui Li
Name/Title:	Hui Li
Date:	08/15/2025

Signature:	/s/ Junmei Yin
Name/Title:	Junmei Yin
Date:	08/15/2025

Signature:	/s/ Hui Li
Name/Title:	Director: Hui Li
Date:	08/15/2025

FAQ

What percentage of UCLOUDLINK (UCL) Class A shares does Hui Li report owning?

Hui Li may be deemed to beneficially own 15,603,430 Class A ordinary shares, representing 6.10% of the Class A shares outstanding.

How many ADSs correspond to the reported holdings for Junmei Yin?

The filing reports holdings in the form of 1,560,343 ADSs, of which Junmei Yin holds 95,306 ADSs directly.

What ownership stake does Meri Growth Capital Limited report in UCL?

Meri Growth Capital Limited reports beneficial ownership of 14,650,370 Class A ordinary shares (1,465,037 ADSs), equal to 5.73% of the class.

Which share count was used to calculate the ownership percentages?

Percentages were calculated using 255,898,610 Class A ordinary shares outstanding as reported in the issuer's Form 20-F filed March 27, 2025.

Does the filing indicate these holdings were intended to change control of UCLOUDLINK?

No. Item 10 contains a certification stating the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.