Tencent Holdings Files SC 13D/A Amendment for NIO Inc.

TL;DR

Tencent's reporting on NIO stake updated, check filing for details.

AI Summary

Tencent Holdings Ltd. filed an amendment (No. 4) to its Schedule 13D on May 16, 2024, regarding its holdings in NIO Inc. The filing indicates a change in the reporting person, with Tencent Holdings Limited now listed as the filer, previously associated with Huang River Investment Ltd and Image Frame Investment (HK) Ltd. The specific details of the change in share ownership or beneficial interest are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in how Tencent's stake in NIO is formally reported, which could be relevant for investors tracking major shareholders.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategy or ownership, requiring investor attention.

Key Numbers

• 20240516 — Filing Date (Date of Amendment No. 4 filing)

Key Players & Entities

• Tencent Holdings Ltd. (company) — Reporting Person
• NIO Inc. (company) — Subject Company
• Huang River Investment Ltd (company) — Previous Reporting Entity
• Image Frame Investment (HK) Ltd (company) — Previous Reporting Entity

FAQ

Key Financial Figures

• $0.00025 — r) Class A Ordinary Shares, par value $0.00025 per share (Title of Class of Securiti
• $5.43 — rket with a weighted average price of US$5.43 per ADS. Item5. Interest in Securitie

Filing Documents

• d792460dsc13da.htm (SC 13D/A) — 80KB
• 0001193125-24-140901.txt ( ) — 82KB

of the Schedule 13D is hereby amended and supplemented by adding the following

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: Since the Reporting Persons filed the Amendment No. 3 to Schedule 13D on June 23, 2023, the Issuers total outstanding Class A Ordinary Shares has increased. As of March 31, 2024, the Issuer had 1,938,529,186 Class A Ordinary Shares outstanding, as disclosed in the Issuers annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the SEC) by the Issuer on April 9, 2024. The 2024 Notes held by Huang River matured on February 1, 2024 and were fully repaid by the Issuer in cash. In May 2024, Huang River sold an aggregate of 25,300,000 ADSs, representing 25,300,000 Class A Ordinary Shares of the Issuer, in the open market with a weighted average price of US$5.43 per ADS. Item5. Interest in Securities of the Issuer

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: Items 7 through 11 and 13 of each of the cover page of this Schedule 13D for the Reporting Persons are incorporated herein by reference. CUSIP No. 62914V106 SCHEDULE 13D/A Page 5 of 6 pages As of the date hereof, after taking into account the transactions as disclosed in Item 4 above: Image Frame may be deemed to beneficially own 47,251,193 Class A Ordinary Shares held of record by Image Frame, representing 2.4% of the total issued and outstanding Class A Ordinary Shares. Huang River may be deemed to beneficially own 48,260,167 Class A Ordinary Shares represented by 48,260,167 ADSs held of record by Huang River, representing 2.5% of the total issued and outstanding Class A Ordinary Shares. Tencent is the parent company of Image Frame and Huang River and may be deemed to beneficially own the securities held of record by Image Frame and Huang River. Tencents beneficial ownership also includes 146,578 Class A Ordinary Shares represented by 146,578 ADSs held of record by a wholly-owned subsidiary of Tencent. Tencents beneficial ownership represents 4.9% of the total issued and outstanding Class A Ordinary Shares. As of the date of this filing, each of the Reporting Persons has ceased to be the beneficial owner of 5% or more of the outstanding Class A Ordinary Shares. The percentage of Class A Ordinary Shares beneficially owned by each of the Reporting Persons, as well as the number of Class A Ordinary Shares as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, as of the date hereof, is based on 1,938,529,186 Class A Ordinary Shares issued and outstanding as of March 31, 2024 as disclosed in the Issuers annual report on Form 20-F filed with the SEC by the Issuer on April 9, 2024. T

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: May 16, 2024 TENCENT HOLDINGS LIMITED By: /s/ Ma Huateng Name: Ma Huateng Title: Director IMAGE FRAME INVESTMENT (HK) LIMITED By: /s/ Pu Hai Tao Name: Pu Hai Tao Title: Director HUANG RIVER INVESTMENT LIMITED By: /s/ Ma Huateng Name: Ma Huateng Title: Director [Signature Page to Schedule 13D Amendment - NIO Inc.] SCHEDULE A EXECUTIVE OFFICERS AND DIRECTORS Directors and Executive Officers of Tencent Holdings Limited The names of the directors and the names and titles of the executive officers of Tencent Holdings Limited and their principal occupations are set forth below. The business address of each of the directors or executive officers is Level 29, Three Pacific Place, No. 1 Queens Road East, Wanchai, Hong Kong. Unless otherwise indicated, each occupation set forth opposite an individuals name refers to Tencent Holdings Limited. Name Present Principal Employment Citizenship Directors: Ma Huateng Chairman of the Board and Executive Director Peoples Republic of China Jacobus Petrus (Koos) Bekker Non-Executive Director Republic of South Africa Charles St Leger Searle Non-Executive Director Republic of South Africa Li Dong Sheng Independent Non-Executive Director Peoples Republic of China Ian Charles Stone Independent Non-Executive Director United Kingdom of Great Britain and Northern Ireland Yang Siu Shun Independent Non-Executive Director Peoples Republic of China (Hong Kong SAR) Ke Yang Independent Non-Executive Director Peoples Republic of China Zhang Xiulan Independent Non-Executive Director Peoples Republic of China Executive Officers: Ma Huateng Chief Executive Officer Peoples Republic of China Lau Chi Ping Martin President

View Full Filing

View this SC 13D/A filing on SEC EDGAR