Lightspeed China Partners Files SC 13D/A for Jianpu Technology

TL;DR

Lightspeed China Partners updated their Jianpu Tech stake filing - watch this space.

AI Summary

On July 30, 2024, James Qun Mi, Lightspeed China Partners I GP, LLC, Lightspeed China Partners I-A, L.P., and Ronald Cao filed an amendment (No. 2) to their Schedule 13D regarding Jianpu Technology Inc. The filing indicates a change in beneficial ownership of the company's Class A ordinary shares.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Jianpu Technology Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, which can introduce volatility.

Key Players & Entities

• James Qun Mi (person) — Filing party and beneficial owner
• Lightspeed China Partners I GP, LLC (company) — Filing party and beneficial owner
• Lightspeed China Partners I-A, L.P. (company) — Filing party and beneficial owner
• Ronald Cao (person) — Filing party and beneficial owner
• Jianpu Technology Inc. (company) — Subject company

FAQ

Key Financial Figures

• $0.0001 — of Issuer) Class A ordinary shares, US$0.0001 par value per share (Title of Class o
• $0.03 — ina Partners I-A, L.P., at a price of US$0.03 per Class A ordinary share, subject to

Filing Documents

• tm2420452d1_sc13da.htm (SC 13D/A) — 87KB
• tm2420452d1_ex99-a.htm (EX-99.A) — 8KB
• tm2420452d1_ex99-b.htm (EX-99.B) — 57KB
• 0001104659-24-083953.txt ( ) — 154KB

of the Original Schedule

Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following at the end thereof: On June 29, 2024, Lightspeed China Partners I, L.P., Lightspeed China Partners I-A, L.P., and the issuer entered into a share repurchase agreement, pursuant to which the issuer agreed to repurchase a total of 284,147 ADSs (representing 5,682,940 Class A Ordinary Shares) and another 40,537,205 Class A Ordinary Shares from Lightspeed China Partners I, L.P. and Lightspeed China Partners I-A, L.P., at a price of US$0.03 per Class A ordinary share, subject to certain terms and conditions. The transaction closed on July 29, 2024. A copy of the share repurchase agreement is filed as Exhibit B to this Amendment and is incorporated by reference into this Item 4. As of the date of this Statement, Mr. James Qun Mi intends to sell the 94,570 Class A Ordinary Shares beneficially owned by him in the near future. Item 5. Interest in Securities of the Issuer. Item 5 of the Original Schedule 13D is hereby amended and replaced in its entirety as follows : (a), (b) Following the completion of the transaction described in Item 4: (i) Mr. Ronald Cao, Lightspeed China Partners I GP, LLC, Lightspeed China Partners I, L.P., and Lightspeed China Partners I-A, L.P. no longer beneficially own any Class A Ordinary Shares (including those represented by ADSs) or retain any voting or dispositive power with respect to such shares; and (ii) Mr. James Qun Mi beneficially owns a total of 94,570 Class A Ordinary Shares through two entities other than Lightspeed China Partners I, L.P. and Lightspeed China Partners I-A, L.P., representing 0.0% of the total outstanding ordinary shares and voting power of the issuer. The calculation is based on a total of 422,458,800 ordinary shares outstanding as of February 29, 2024, as reported in the annual report on Form 20-F for the fiscal year ended December 31, 2023, filed by the issuer with the SEC on April 19, 2024. The information disclosed

Contracts, Arrangements, Understandings or Relationships

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Item 6 of the Original Schedule 13D is hereby amended and replaced in its entirety as follows : The information set forth in Items 2 and 4 of this Statement is incorporated herein by reference into this Item 6. Item 7. Material to be Filed as Exhibits. Item 7 of the Original Schedule 13D is hereby amended and replaced in its entirety as follows : 8 Exhibit No. Description A Joint Filing Agreement, dated July 30, 2024 by and among the Reporting Persons. B Share Repurchase Agreement, dated June 29, 2024, by and among Lightspeed China Partners I, L.P., Lightspeed China Partners I-A, L.P., and Jianpu Technology Inc. 9 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. Date: July 30, 2024 /s/ James Qun Mi James Qun Mi /s/ Ronald Cao Ronald Cao Lightspeed China Partners I GP, LLC By: /s/ James Qun Mi Name: James Qun Mi Title: Authorized Signatory Lightspeed China Partners I, L.P. By: /s/ James Qun Mi Name: James Qun Mi Title: Authorized Signatory Lightspeed China Partners I-A, L.P. By: /s/ James Qun Mi Name: James Qun Mi Title: Authorized Signatory 10

View Full Filing

View this SC 13D/A filing on SEC EDGAR