Li Hua Amends Futu Holdings Stake, Maintains Significant Ownership

TL;DR

**Insider Li Hua still holds a big chunk of FUTU, signaling confidence.**

AI Summary

Li Hua, through LERA INFINITY LTD and LERA ULTIMATE LTD, has filed an amendment (SC 13G/A) on February 6, 2024, for his holdings in Futu Holdings Ltd. This filing indicates that as of December 31, 2023, Li Hua continues to be a significant beneficial owner of Futu's Class A ordinary shares, which trade as American Depositary Shares (ADSs) under the ticker FUTU. This matters to investors because it confirms that a key insider, Li Hua, maintains a substantial stake, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms that a major insider, Li Hua, continues to hold a substantial position in Futu Holdings, which can be interpreted as a vote of confidence in the company's future performance.

Risk Assessment

Risk Level: low — This filing is an amendment confirming existing ownership, not a new acquisition or disposal, indicating stability rather than immediate risk.

Analyst Insight

Investors should note that a key insider, Li Hua, continues to hold a substantial position in Futu Holdings, which could be a positive signal for long-term stability, but this filing alone doesn't indicate new buying or selling activity.

Key Numbers

• 36118L 106 — CUSIP Number (Identifies Futu Holdings' American Depositary Shares (ADSs))
• 8 — Shares per ADS (Each ADS represents eight Class A ordinary shares of Futu Holdings)
• December 31, 2023 — Date of Event (The date as of which the ownership information in the filing is reported)
• February 6, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC)

Key Players & Entities

• Li Hua (person) — beneficial owner and filer of the SC 13G/A
• Futu Holdings Ltd (company) — the subject company whose securities are being reported
• LERA INFINITY LTD (company) — group member associated with Li Hua's holdings
• LERA ULTIMATE LTD (company) — group member associated with Li Hua's holdings
• US$0.00001 (dollar_amount) — par value per Class A ordinary share of Futu Holdings Ltd

Forward-Looking Statements

• Li Hua will maintain a significant ownership stake in Futu Holdings Ltd throughout 2024. (Li Hua) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.00001 — Class A ordinary shares, par value US$0.00001 per share (Title of Class of Securitie

Filing Documents

• tm245190d1_sc13ga.htm (SC 13G/A) — 82KB
• 0001104659-24-010848.txt ( ) — 83KB

(a)

Item 1(a). Name of Issuer: Futu Holdings Limited (the "Issuer")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 11/F, Bangkok Bank Building. No. 18 Bonham Strand W, Sheung Wan, Hong Kong S.A.R., People's Republic of China.

(a)

Item 2(a). Name of Person Filing: (i) Leaf Hua Li (ii) Lera Ultimate Limited (iii) Lera Infinity Limited (collectively, the "Reporting Persons")

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: Leaf Hua Li c/o 11/F, Bangkok Bank Building No. 18 Bonham Strand W, Sheung Wan Hong Kong S.A.R., People's Republic of China Lera Ultimate Limited c/o 11/F, Bangkok Bank Building No. 18 Bonham Strand W, Sheung Wan Hong Kong S.A.R., People's Republic of China Lera Infinity Limited c/o 11/F, Bangkok Bank Building No. 18 Bonham Strand W, Sheung Wan Hong Kong S.A.R., People's Republic of China

(c)

Item 2(c) Citizenship: Leaf Hua Li - People's Republic of China Lera Ultimate Limited - British Virgin Islands Lera Infinity Limited - British Virgin Islands

(d)

Item 2(d). Title of Class of Securities: Class A ordinary shares, par value US$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 twenty 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.

(e)

Item 2(e). CUSIP Number: 36118L 106 This CUSIP number applies to the American depositary shares (the "ADSs") of the Issuer, each ADS representing eight Class A ordinary shares of the Issuer, par value US$0.00001 per share. 5 CUSIP No. 36118L 106 Schedule 13G Page 6 of 8 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

Ownership

Item 4. Ownership: Reporting Person Amount beneficially owned: (1) Percent of class: (1) Percent of aggregate voting power: (1) Sole power to vote or direct the vote: (1) Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: (1) Shared power to dispose or to direct the disposition of: Leaf Hua Li 403,836,568 36.6 % 63.1 % 403,836,568 0 403,836,568 0 Lera Ultimate Limited 302,812,500 27.5 % 52.9 % 302,812,500 0 302,812,500 0 Lera Infinity Limited 100,937,500 9.2 % 10.2 % 100,937,500 0 100,937,500 0 (1) Represents (i) 202,812,500 Class B ordinary shares and 100,000,000 Class A ordinary shares (including 50,000,000 Class A ordinary shares in the form of ADSs) held by Lera Ultimate Limited, a company incorporated in the British Virgin Islands, (ii) 36,937,500 Class B ordinary shares and 64,000,000 Class A ordinary shares (in the form of ADSs) held by Lera Infinity Limited, a company incorporated in the British Virgin Islands, and (iii) 86,568 Class A ordinary shares (in the form of ADSs) held by Leaf Hua Li. Both Lera Ultimate Limited and Lera Infinity Limited are controlled by Mr. Leaf Hua Li through family trusts. Under the terms of the family trusts, Mr. Li has the sole power to direct the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by Lera Ultimate Limited and Lera Infinity Limited in the Issuer. Calculation is based on (i) 746,797,804 Class A ordinary shares and (ii) 355,552,051 Class B ordinary shares that were issued and outstanding as of December 31, 2023. 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 twenty votes per share on all matters submitted to them for vote. Item 5. Not applicable Item 6.

View Full Filing

View this SC 13G/A filing on SEC EDGAR