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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.  )*

 

Adlai Nortye Ltd.

(Name of Issuer)

 

Class A Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

 

00704R109**

(CUSIP Number)

 

December 31, 2023

(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)
 xRule 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 disclosures provided in a prior cover page.

 

** CUSIP number 00704R109 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the Nasdaq Global Market under the symbol “ANL.” Each ADS represents three Class A ordinary shares of the Issuer. No CUSIP number has been assigned to the Class A ordinary shares of the Issuer.

 

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).

 

 

 

 

 

 

CUSIP No. 00704R109 SCHEDULE 13GPage 1 of 2 Pages

 

1

NAMES OF REPORTING PERSONS

 

ATCG Holdings 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

 

6,868,657

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

6,868,657

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,868,657

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨

 

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.2%(1)

 

The voting power of the shares beneficially owned represent 2.0% of the total outstanding voting power(2)

 

12

TYPE OF REPORTING PERSON

 

CO

 

       

 

 

 (1) Based upon 93,710,805 Class A ordinary shares and 16,990,000 Class B ordinary shares outstanding immediately after the completion of the initial public offering and concurrent private placement as disclosed on the Issuer’s prospectus on Form 424B4 filed on September 29, 2023.

(2) Calculated by dividing the voting power beneficially owned by the reporting person by the voting power of all of the issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class. 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 fifteen votes per share on all matters submitted to them for vote.

 

 

 

 

CUSIP No. 00704R109 SCHEDULE 13GPage 2 of 2 Pages

 

1

NAMES OF REPORTING PERSONS

 

Hui Shao

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

People’s Republic of China

 

 

NUMBER OF


SHARES


BENEFICIALLY


OWNED BY


EACH


REPORTING


PERSON WITH

 5

SOLE VOTING POWER

 

6,868,657(1)

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

6,868,657(1)

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,868,657

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨

 

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.2%(2)

 

The voting power of the shares beneficially owned represent 2.0% of the total outstanding voting power(3)

 

12

TYPE OF REPORTING PERSON

 

IN

 

       

 

 

(1) Represents 6,868,657 Class A ordinary shares of the Issuer held of record by ATCG Holdings Limited, a limited company incorporated in British Virgin Islands and controlled by Mr. Hui Shao through a trust of which Mr. Hui Shao and his family members are the beneficiaries.

(2) Based upon 93,710,805 Class A ordinary shares and 16,990,000 Class B ordinary shares outstanding immediately after the completion of the initial public offering and concurrent private placement as disclosed on the Issuer’s prospectus on Form 424B4 filed on September 29, 2023.

(3) Calculated by dividing the voting power beneficially owned by the reporting person by the voting power of all of the issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class. 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 fifteen votes per share on all matters submitted to them for vote.

 

 

 

 

Item 1(a)Name of Issuer:

 

Adlai Nortye Ltd. (the “Issuer”)

 

Item 1(b)Address of Issuer’s Principal Executive Offices:

 

The address of the Issuer’s principal executive office is c/o PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands.

 

Item 2(a)Name of Persons Filing:

 

This Schedule 13G is filed jointly by and on behalf of (1) ATCG Holdings Limited and (2) Hui Shao (each, a “reporting person”).

 

Item 2(b)Address of Principal Business Office or, If None, Residence:

 

The business address of each reporting person is Tower A5, Central Park Plaza, Chaoyang District, Beijing 100026, People’s Republic of China.

 

Item 2(c)Citizenship:

 

1.ATCG Holdings Limited: British Virgin Islands
2.Hui Shao: People’s Republic of China

 

Item 2(d)Title of Class of Securities:

 

Class A ordinary shares, par value US$0.0001 per share

 

The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares, par value US$0.0001 per share. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share will be entitled to one vote, and each Class B ordinary share shall be entitled to 15 votes on all matters subject to a vote at general meetings of the Issuer. Each Class B ordinary share shall be convertible into Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares shall not be convertible into Class B ordinary shares under any circumstances.

 

Item 2(e)CUSIP Number:

 

00704R109

 

This CUSIP number 00704R109 was assigned to the ADSs of the Issuer. Each ADS represents three Class A ordinary shares of the Issuer. No CUSIP number has been assigned to the Class A ordinary shares of the Issuer.

 

Item 3.Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):
  
 Not applicable.

 

 

 

 

Item 4.Ownership:

 

Reporting
Person		 

Amount
beneficially

owned

  Percent of
class		  Percent of
aggregate
voting
power		  Sole power to
vote or direct
the vote		  Shared
power to
vote or
direct the
vote		  Sole power to
dispose or to
direct the
disposition of		  Shared
power to
dispose or to
direct the
disposition
of:		 
Hui Shao  6,868,657 (1)  6.3%(2)  2.0%(3)  6,868,657 (1)  0  6,868,657 (1)  0 
ATCG Holdings Limited  6,868,657 (1)  6.3%(2)  2.0%(3)  6,868,657 (1)  0  6,868,657 (1)  0 

 

 

(1) Represents 6,868,657 Class A ordinary shares of the Issuer held of record by ATCG Holdings Limited, which is controlled by Mr. Hui Shao through a trust of which Mr. Hui Shao and his family members are the beneficiaries.

 

(2) Based upon 93,710,805 Class A ordinary shares and 16,990,000 Class B ordinary shares outstanding immediately after the completion of the initial public offering and concurrent private placement as disclosed on the Issuer’s prospectus on Form 424B4 filed on September 29, 2023.

 

(3) Calculated by dividing the voting power beneficially owned by the reporting person by the voting power of all of the issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class. 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 fifteen votes per share on all matters submitted to them for vote.

 

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 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.

 

 

 

 

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: January 31, 2024

 

  ATCG Holdings Limited
   
  By: /s/ Hui Shao
  Name: Hui Shao
  Title: Director
   
   
  Hui Shao
   
  By: /s/ Hui Shao

 

 

 

 

LIST OF EXHIBITS

 

TO SCHEDULE 13G

 

Exhibit No. Description
A Joint Filing Agreement

 

 

 

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 of US$0.0001 per share, of Adlai Nortye Ltd., a Cayman Islands 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 January 31, 2024.

  

  ATCG Holdings Limited
   
  By: /s/ Hui Shao
  Name: Hui Shao
  Title: Director
   
   
  Hui Shao
   
  By: /s/ Hui Shao