Lin Amends CLPS Stake Filing

TL;DR

Raymond Lin updated his CLPS stake filing. Watch for potential moves.

AI Summary

Raymond Ming Hui Lin, through Qinhui Ltd., has filed Amendment No. 7 to Schedule 13D for CLPS Incorporation, reporting changes in beneficial ownership as of July 11, 2024. The filing details the entity's stake in CLPS Inc., a company specializing in prepackaged software services.

Why It Matters

This filing indicates potential shifts in significant ownership of CLPS Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often signal significant changes in beneficial ownership, which can lead to increased stock volatility.

Key Players & Entities

• Raymond Ming Hui Lin (person) — Filer and beneficial owner
• Qinhui Ltd. (company) — Filing entity controlled by Raymond Ming Hui Lin
• CLPS Inc. (company) — Subject company

FAQ

Key Financial Figures

• $0.0001 — relates is the common shares, par value $0.0001 per share (“Common Shares”)

Filing Documents

• ea0210247-sc13da7huilin_clps.htm (SC 13D/A) — 39KB
• 0001013762-24-002747.txt ( ) — 41KB

Security and Issuer

Item 1. Security and Issuer. The title and class of equity securities to which this Schedule 13D relates is the common shares, par value $0.0001 per share (“Common Shares”), of CLPS Incorporation, a Cayman Islands corporation (the “Company”). The Company’s principal executive office is located at Unit 1000, 10th Floor, Millennium City III, 370 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong SAR.

Identity and Background

Item 2. Identity and Background. (a)-(c) This report is being filed by Raymond Ming Hui Lin (the “Reporting Person”). Raymond Ming Hui Lin is the Chief Executive Officer and a director of the Company. This business address is Unit 1000, 10th Floor, Millennium City III, 370 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong SAR. Qinhui Ltd. is a holding company formed under the laws of the British Virgin Islands. The principal business of Qinhui Ltd. is managing Raymond Ming Hui Lin’s personal assets and investments. Qinhui Ltd.’s mailing address is c/o Ogier Global (BVI) Ltd., Ritter House, Wickham’s Cay II, Road Town, Tortola, VG 1110, British Virgin Islands. Raymond Ming Hui Lin has the sole control of Qinhui Ltd. (d)-(e) Neither Raymond Ming Hui Lin nor Qinhui Ltd. has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting activities subject to, federal or (f) Raymond Ming Hui Lin is a citizen of Hong Kong Special Administrative Region of the People’s Republic of China. Qinhui Ltd. is a British Virgin Islands corporation.

Source and Amount of Funds and Other Consideration

Item 3. Source and Amount of Funds and Other Consideration. On July 11, 2024, the Board of Directors of the Company authorized the award of 536,000 shares of restricted stock (the “Shares”) to Mr. Lin under the Company’s 2023 Equity Incentive Plan, which were vested on the same date. Mr. Lin did not pay any additional consideration for the Shares. CUSIP No. G31642 13D Page 4 of 5 Pages

Purpose of Transaction

Item 4. Purpose of Transaction. Mr. Lin was awarded the Shares under the Company’s 2023 Equity Incentive Plan stated above. Mr. Lin is currently the Chief Executive Officer and a director of the Company and therefore will continue to participate in and receive awards under the Company’s incentive programs for as long as he is an employee of the Company. These share awards did not result in a material change in Mr. Lin’s ownership of the Company’s common shares as defined by Rule 13d-1 of the Securities Exchange Act of 1934, as amended. Mr. Lin files this Schedule 13D voluntarily.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a)-(d) The calculations in this Item are based upon 27,840,056 common shares issued and outstanding as of July 18, 2024. The foregoing calculation is made pursuant to Rule 13d-3 promulgated under the Securities Act of 1933, as amended to date. Reporting Person Amount of Securities Beneficially Owned Percentage of Class 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 Shared Power to Dispose or to Direct the Disposition Raymond Ming Hui Lin 8,141,873 common shares* 29.25 % 8,141,873 common shares - 8,141,873 common shares - Qinhui Ltd. 4,999,996 common shares 17.96 % - 4,999,996 common shares - 4,999,996 common shares * Includes the vested portion of the restricted stock granted dated as of July 11, 2024. Because Mr. Lin controls all of the voting and disposition interests of Qinhui Ltd. with respect to the securities, he may be deemed to have indirect beneficial ownership of the common shares directly beneficially owned by Qinhui Ltd. Neither Raymond Ming Hui Lin nor Qinhui Ltd. has effected any transactions in the securities of the Company in the past sixty days. The Reporting Persons affirm that no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common shares beneficially owned by the Reporting Persons reported herein. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Other than as described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons and any other person with respect to any securities of the Company, including, but not limited to, the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies or any pledge or contingency, the occurrence of which would give another person voting or investment power over the securities of the Company.

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits. None. CUSIP No. G31642 13D Page 5 of 5 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this Schedule 13D is true, complete and correct. Dated: July 30, 2024 /s/ Raymond Ming Hui Lin Raymond Ming Hui Lin

View Full Filing

View this SC 13D/A filing on SEC EDGAR