SCHEDULE 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934*

 

 

9F Inc.

 

(Name of Issuer)

Class A ordinary shares, par value of $0.00001 per share

 

(Title of Class of Securities)

65442R 109

 

(CUSIP Number)

December 31, 2019

 

(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)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

**

CUSIP number 65442R 109 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol “JFU.” Each ADS represents one Class A ordinary share of the Issuer.

The information required in 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).

 

 

 


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 1 of 7 pages

 

  1    

  Name of Reporting Person

 

  JIANG NANCHUN

  2    

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        

 

  (b)  ☐        

 

  3    

  SEC Use Only

 

  4    

  Citizenship or Place of Organization

 

  Singapore

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
    5     

  Sole Voting Power

 

  10,635,400. See Item 4.

    6     

  Shared Voting Power

 

  0

    7     

  Sole Dispositive Power

 

  10,635,400. See Item 4.

    8     

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,635,400. See Item 4.

10    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐

 

11    

  Percent of Class Represented by Amount in Row (9)

 

  8.3% of the Class A ordinary Shares, (or 5.4% of the total ordinary shares assuming conversion of all outstanding Class B ordinary shares into   the same number of Class A ordinary shares). See Item 4.

12    

  Type of Reporting Person

 

  IN

 

1


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 2 of 7 pages

 

  1    

  Name of Reporting Person

 

  JAS Investment Group Limited

  2    

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        

 

  (b)  ☐        

 

  3    

  SEC Use Only

 

  4    

  Citizenship or Place of Organization

 

  British Virgin Islands

Number of
Shares
Beneficially Owned by
Each
Reporting
Person
With:
    5     

  Sole Voting Power

 

  10,635,400. See Item 4.

  6     

  Shared Voting Power

 

  0

  7     

  Sole Dispositive Power

 

  10,635,400. See Item 4.

  8     

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,635,400. See Item 4.

10    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐

 

11    

  Percent of Class Represented by Amount in Row (9)

 

  8.3% of the Class A ordinary Shares, (or 5.4% of the total ordinary shares assuming conversion of all outstanding Class B ordinary shares into   the same number of Class A ordinary shares). See Item 4.

12    

  Type of Reporting Person

 

  CO

 

 

2


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 3 of 7 pages

 

Item 1(a).   

Name of Issuer:
9F Inc. (the “Issuer”)

Item 1(b).   

Address of Issuer’s Principal Executive Offices:
Jiufu Building, Rongxin Technology Center, Chaoyang District, Beijing, People’s Republic of China, 100102

Item 2(a).   

Name of Person Filing:

JIANG NANCHUN, JAS Investment Group Limited (collectively, the “Reporting Persons”)

Item 2(b).   

Address of Principal Business Office or, if none, Residence:
The residence of JIANG NANCHUN is No. 13, No. 26, Changping East 5th Road, Beitun District, Taizhong, Taiwan. The registered address of JAS Investment Group Limited is OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

Item 2(c)   

Citizenship:
JIANG NANCHUN is a citizen of Singapore. JAS Investment Group Limited is a company incorporated in British Virgin Islands.

Item 2(d).   

Title of Class of Securities:
Class A ordinary shares, par value $0.00001 per share, of the Issuer.

 

The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to five votes per share on all matters submitted to them for a vote. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

Item 2(e).   

CUSIP Number:
There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 65442R 109 has been assigned to the ADSs.

 

Item 3.    If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:
  

 

Not applicable

Item 4.    Ownership:

The following information with respect to the ownership of the ordinary shares of the Issuer by each Reporting Person is provided as of December 31, 2019. Beneficial ownership is determined in accordance with the rules and regulations of the SEC. The table below is prepared based on 128,228,600 shares of Class A ordinary shares and 66,962,400 shares of Class B ordinary shares outstanding as of December 31, 2019.

For JIANG NANCHUN:

 

Reporting Person: JIANG NANCHUN

   Class A ordinary
shares
    Class B ordinary
shares
     Total ordinary
shares on the
as-converted basis
    Percentage of
Aggregate Voting
Power
 

(a) Amount beneficially owned:

     10,635,400 (1)      0        10,635,400 (1)      —    

(b) Percent of class:

     8.3% (2)      —          5.4% (3)      2.3% (4) 

(c) Number of shares as to which the person has:

         

(i)   Sole power to vote or to direct the vote

     10,635,400 (1)      —          10,635,400 (1)      —    

(ii)  Shared power to vote or to direct the vote

     0       —          0       —    

(iii)  Sole power to dispose or to direct the disposition of

     10,635,400 (1)      —          10,635,400 (1)      —    

(iv)  Shared power to dispose or to direct the disposition of

     0       —          0       —    

 

Notes:

 

(1)

Representing 10,635,400 Class A ordinary shares held by JAS Investment Group Limited, a British Virgin Islands company. JAS Investment Group Limited is wholly owned by Mr. JIANG NANCHUN. Mr. JIANG NANCHUN may be deemed to have the sole voting and dispositive power over the shares held by JAS Investment Group Limited.

 

3


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 4 of 7 pages

 

(2)

To derive this percentage, (x) the numerator is 10,635,400 Class A ordinary shares held by JAS Investment Group Limited, a British Virgin Islands company, and (y) the denominator is 128,228,600, being the numbers of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019.

(3)

To derive this percentage, (x) the numerator is 10,635,400 Class A ordinary shares held by JAS Investment Group Limited, a British Virgin Islands company, and (y) the denominator is the sum of (i) 128,228,600, being the number of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019, (ii) 66,962,400, being the number of the Issuer’s total Class B ordinary shares outstanding as of December 31, 2019 that are convertible into the same number of Class A ordinary shares.

(4)

Percentage of aggregate voting power represents voting power of all ordinary shares held by the reporting person with respect to all outstanding shares of the Issuer’s Class A and Class B ordinary shares as a single class. Each holder of the Issuer’s Class A ordinary shares is entitled to one vote per Class A ordinary share. Each holder of the Issuer’s Class B ordinary shares is entitled to five votes per Class B ordinary share.

For JAS Investment Group Limited:

 

Reporting Person: JAS Investment Group Limited

   Class A ordinary
shares
    Class B ordinary
shares
     Total ordinary
shares on the
as-converted basis
    Percentage of
Aggregate Voting
Power
 

(a)  Amount beneficially owned:

     10,635,400 (1)      0        10,635,400 (1)      —    

(b)  Percent of class:

     8.3 %(2)      —          5.4 %(3)      2.3 %(4) 

(c)  Number of shares as to which the person has:

         

(i)   Sole power to vote or to direct the vote

     10,635,400 (1)      —          10,635,400 (1)      —    

(ii) Shared power to vote or to direct the vote

     0       —          0       —    

(iii) Sole power to dispose or to direct the disposition of

     10,635,400 (1)      —          10,635,400 (1)      —    

(iv)  Shared power to dispose or to direct the disposition of

     0       —          0       —    
  

 

 

   

 

 

    

 

 

   

 

 

 

 

Notes:

 

(1)

Representing 10,635,400 Class A ordinary shares held by JAS Investment Group Limited, a British Virgin Islands company.

(2)

To derive this percentage, (x) the numerator is 10,635,400 Class A ordinary shares held by JAS Investment Group Limited, a British Virgin Islands company, and (y) the denominator is 128,228,600, being the numbers of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019.

(3)

To derive this percentage, (x) the numerator is 10,635,400 Class A ordinary shares held by JAS Investment Group Limited, a British Virgin Islands company, and (y) the denominator is the sum of (i) 128,228,600, being the number of the Issuer’s total Class A ordinary shares outstanding as of December 31, 2019, (ii) 66,962,400, being the number of the Issuer’s total Class B ordinary shares outstanding as of December 31, 2019 that are convertible into the same number of Class A ordinary shares.

(4)

Percentage of aggregate voting power represents voting power of all ordinary shares held by the reporting person with respect to all outstanding shares of the Issuer’s Class A and Class B ordinary shares as a single class. Each holder of the Issuer’s Class A ordinary shares is entitled to one vote per Class A ordinary share. Each holder of the Issuer’s Class B ordinary shares is entitled to five votes per Class B ordinary share.

 

4


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 5 of 7 pages

 

Item 5.    Ownership of Five Percent or Less of a Class:

 

   Not applicable
Item 6.    Ownership of More than Five 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:
   Not applicable

 

5


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 6 of 7 pages

 

LIST OF EXHIBITS

 

Exhibit
No.

  

Description

A    Joint Filing Agreement

 

6


 

CUSIP No. 65442R 109

  

 

    

  

 

Page 7 of 7 pages

 

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.

Dated: February 12, 2020

 

JIANG NANCHUN

/s/ JIANG NANCHUN

JAS Investment Group Limited

By:

 

/s/ JIANG NANCHUN

Name:    

  JIANG NANCHUN

Title:

  Director

 

7

EXHIBIT A

EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, par value $0.00001 per share, of 9F Inc., a Cayman Islands exempted company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 12, 2020.

 

JIANG NANCHUN

/s/ JIANG NANCHUN

JAS Investment Group Limited

By:

 

/s/ JIANG NANCHUN

Name:    

  JIANG NANCHUN

Title:

  Director

 

8