Red Star Macalline Amends GigaCloud Tech Stake Disclosure

TL;DR

**Red Star Macalline updated its GigaCloud Technology Inc. ownership, signaling continued institutional interest.**

AI Summary

Red Star Macalline Group Corporation Limited, a Chinese company, filed an amended SC 13G/A on February 2, 2024, indicating its ownership in GigaCloud Technology Inc. This filing, dated for the event on December 31, 2023, updates their previous disclosure regarding their holdings of GigaCloud's Class A Ordinary Shares, par value US$0.05 per share. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing updates the public record on a significant shareholder's position, offering transparency into GigaCloud Technology Inc.'s ownership structure. Changes in major shareholder positions can signal shifts in institutional confidence or strategy.

Risk Assessment

Risk Level: low — This is a routine amendment filing, not indicating any immediate negative or positive event, but rather updating ownership information.

Analyst Insight

Investors should note the continued presence of Red Star Macalline Group Corporation Limited as a significant shareholder, which can contribute to long-term stability. No immediate action is suggested by this routine amendment, but it's a data point for understanding institutional ownership.

Key Numbers

• US$0.05 — Par Value per Share (The par value of GigaCloud Technology Inc.'s Class A Ordinary Shares.)
• December 31, 2023 — Date of Event (The date of the event which required the filing of this statement.)
• February 2, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)

Key Players & Entities

• Red Star Macalline Group Corporation Limited (company) — the reporting person and a significant shareholder in GigaCloud Technology Inc.
• GigaCloud Technology Inc (company) — the subject company whose Class A Ordinary Shares are being reported.
• People’s Republic of China (company) — place of organization for Red Star Macalline Group Corporation Limited.
• US$0.05 (dollar_amount) — par value per share of GigaCloud Technology Inc.'s Class A Ordinary Shares.

FAQ

Key Financial Figures

• $0.05 — Class A Ordinary Shares, par value US$0.05 per share (Title of Class of Securiti

Filing Documents

• gigacloud-13gfy2023redstar.htm (SC 13G/A) — 84KB
• 0001857816-24-000021.txt ( ) — 85KB

(a). Name of Issuer

Item 1(a). Name of Issuer GigaCloud Technology Inc

(b). Address of Issuer's Principal Executive Offices

Item 1(b). Address of Issuer's Principal Executive Offices 4388 Shirley Avenue, El Monte CA 91731, USA

(a). Name of Person Filing

Item 2(a). Name of Person Filing Red Star Macalline Group Corporation Limited Hong Kong Red Star Macalline Universal Home Furnishings Limited Jianxing Che

(b). Address or Principal Business Office or, if None, Residence

Item 2(b). Address or Principal Business Office or, if None, Residence The principal business address of Red Star Macalline Group Corporation Limited and the business address of Mr. Jianxing Che is 8F, South Building, Block B, No.2, Lane 1466, Shenchang Road, Minhang District, Shanghai, China The registered address of Hong Kong Red Star Macalline Universal Home Furnishings Limited is 31F Tower Two Times Square, 1 Matheson Street, Causeway Bay, Hong Kong

(c). Citizenship

Item 2(c). Citizenship Red Star Macalline Group Corporation Limited - People's Republic of China Hong Kong Red Star Macalline Universal Home Furnishings Limited - Hong Kong Jianxing Che - People's Republic of China

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities Class A ordinary shares, par value US$0.05 per share ("Class A Ordinary Shares").

(e). CUSIP Number

Item 2(e). CUSIP Number G38644 103.

If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a

Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o) (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c) (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c) (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E) (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F) (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J) (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). Not applicable.

Ownership

Item 4. Ownership. Each of the reporting persons named herein beneficially owned none of the Class A Ordinary Shares of the Issuer as of December 31, 2023. CUSIP No. G38644 103 SCHEDULE 13GA Page 5 of 7

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. Each of the reporting persons named herein ceased to be the beneficial owner of more than five percent of the Class A Ordinary Shares of the Issuer as of December 31, 2023.

Ownership of More than Five Percent on Behalf of Another Person

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.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. Not applicable. CUSIP No. G38644 103 SCHEDULE 13GA Page 6 of 7 SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date February 2, 2024 Red Star Macalline Group Corporation Limited By s Yongda Zheng Name Yongda Zheng Title Chairman of Board of Directors Hong Kong Red Star Macalline Universal Home Furnishings Limited By s Jianxing Che Name Jianxing Che Title Director and CEO Jianxing Che s Jianxing Che Signature Page to Schedule 13GA CUSIP No. G38644 103 SCHEDULE 13GA Page 7 of 7 LIST OF EXHIBITS 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 US$0.05 per share, of GigaCloud Technology Inc, a Cayman Islands exempted company with limited liability, 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. Signature page to follow SIGNATURE IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 2, 2024. Red Star Macalline Group Corporation Limited By s Yongda Zheng Name Yongda Zheng Title Chairman of Board of Directors Hong Kong Red Star Macalline Universal Home Furnishings Limited By s Jianxing Che Name Jianxing Che Title Director and CEO Jianxing Che s Jianxing Che Signature Page to 13GA Joint Filing Agreement

View Full Filing

View this SC 13G/A filing on SEC EDGAR