Conner Growth Group Cuts LightInTheBox Stake to 1.6%

TL;DR

**Major shareholder group significantly reduced their stake in LightInTheBox.**

AI Summary

Conner Growth Holding Ltd. and its affiliates, including Itelite Holding Limited and He Jian, filed an amendment (SC 13D/A) on January 3, 2024, disclosing their beneficial ownership in LightInTheBox Holding Co., Ltd. as of December 28, 2023. Itelite Holding Limited now beneficially owns 1,159,772 ordinary shares, representing 1.6% of the company's outstanding shares. This matters to investors because it indicates a significant reduction in the reported beneficial ownership by this group, potentially signaling a change in their investment strategy or a decrease in their influence over the company.

Why It Matters

A substantial reduction in reported beneficial ownership by a key group could signal a loss of confidence or a strategic shift, potentially impacting investor sentiment and the stock's valuation.

Risk Assessment

Risk Level: medium — A decrease in beneficial ownership by a significant shareholder group can be interpreted negatively by the market, potentially leading to downward pressure on the stock price.

Analyst Insight

Investors should investigate the reasons behind the significant reduction in beneficial ownership by this group, as it could signal underlying issues or a change in strategic direction that might impact the stock's performance. Consider if this aligns with other recent news or financial reports from LightInTheBox.

Key Numbers

• 1,159,772 — Ordinary Shares (Number of shares beneficially owned by Itelite Holding Limited with sole voting power.)
• 1.6% — Percentage of Class (Percentage of LightInTheBox Holding Co., Ltd.'s ordinary shares beneficially owned by Itelite Holding Limited.)
• December 28, 2023 — Event Date (The date of the event that triggered this Schedule 13D/A amendment.)

Key Players & Entities

• Conner Growth Holding Ltd (company) — filing entity and reporting person
• Itelite Holding Limited (company) — reporting person, beneficially owns shares
• He Jian (person) — group member and person authorized to receive notices
• LightInTheBox Holding Co., Ltd. (company) — subject company (issuer)
• 1,159,772 (dollar_amount) — ordinary shares beneficially owned by Itelite Holding Limited
• 1.6% (dollar_amount) — percentage of outstanding shares beneficially owned by Itelite Holding Limited
• December 28, 2023 (dollar_amount) — date of event requiring the filing

Forward-Looking Statements

• The reduced stake by Conner Growth Holding Ltd. and its affiliates could lead to increased selling pressure on LightInTheBox shares. (LightInTheBox Holding Co., Ltd.) — medium confidence, target: Q1 2024
• The market may interpret this reduction as a signal of decreased confidence in the company's future prospects by a significant insider group. (LightInTheBox Holding Co., Ltd.) — medium confidence, target: Near-term

FAQ

Key Financial Figures

• $0.000067 — Issuer) Ordinary shares, par value US$0.000067 per share (Title of Class of Securiti
• $0.5 — th negotiation at an average price of US$0.5 per Ordinary Share. On December 28, 202

Filing Documents

• tm241630d1_sc13da.htm (SC 13D/A) — 113KB
• 0001104659-24-000492.txt ( ) — 114KB

SIGNATURES

SIGNATURES 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 : January 3, 2024 Itelite Holding Limited By: /s/ He Jian Name: He Jian Title: Director Ezbuy Talents Holding Limited By: /s/ He Jian Name: He Jian Title: Director Conner Growth Holding Limited By: /s/ He Jian Name: He Jian Title: Director He Jian By: /s/ He Jian Name: He Jian 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 on behalf of each of them of a statement on Schedule 13D/A (including amendments thereto) with respect to the ordinary shares, par value $0.000067 per share of LightInTheBox Holding Co., Ltd., a company incorporated in the Cayman Islands, 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 3, 2024. Itelite Holding Limited By: /s/ He Jian Name: He Jian Title: Director Ezbuy Talents Holding Limited By: /s/ He Jian Name: He Jian Title: Director Conner Growth Holding Limited By: /s/ He Jian Name: He Jian Title: Director He Jian By: /s/ He Jian Name: He Jian

View Full Filing

View this SC 13D/A filing on SEC EDGAR