Kerry Xuefeng Chen Amends ATRenew (RERE) Stake Filing

TL;DR

**Insider Kerry Xuefeng Chen updated his ATRenew (RERE) ownership, showing he's still a major holder.**

AI Summary

Kerry Xuefeng Chen, a significant shareholder in ATRenew Inc. (RERE), filed an amended SC 13G/A on January 31, 2024, indicating his beneficial ownership of the company's ordinary shares as of December 31, 2023. This filing, an amendment to a previous statement, updates his holdings and confirms his continued substantial stake in the company. This matters to investors because it shows a key insider, Kerry Xuefeng Chen, maintains a significant position, which can signal confidence in the company's future, or at least a lack of immediate intent to divest.

Why It Matters

This filing confirms a major insider's continued significant ownership in ATRenew Inc., providing transparency into their stake and potentially signaling their long-term view of the company.

Risk Assessment

Risk Level: low — This is a routine update filing by a significant shareholder and does not indicate any immediate negative or positive risk.

Analyst Insight

Investors should note that a key insider, Kerry Xuefeng Chen, continues to hold a substantial position in ATRenew Inc. This could be interpreted as a sign of confidence, but further due diligence on the company's fundamentals and market conditions is always recommended before making investment decisions.

Key Numbers

• 00138L 108 — CUSIP Number (Identifies the American Depositary Shares (ADS) of ATRenew Inc. (RERE))
• December 31, 2023 — Date of Event (The date as of which the ownership information in the filing is reported)
• $0.001 — Par Value per Share (The nominal value of ATRenew Inc.'s ordinary shares)

Key Players & Entities

• Kerry Xuefeng Chen (person) — Reporting Person, significant shareholder of ATRenew Inc.
• ATRenew Inc. (company) — Subject Company, formerly AiHuiShou International Co. Ltd.
• 07 Trade & Services (company) — Organization Name associated with the subject company
• C&XF GROUP LTD (company) — Group Member associated with the filing

Forward-Looking Statements

• Kerry Xuefeng Chen will maintain a significant stake in ATRenew Inc. for the foreseeable future. (Kerry Xuefeng Chen) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — . (Name of Issuer) Ordinary shares, $0.001 par value per share (Title of Class o

Filing Documents

• kxc-2024-01-31-sc_13ga-2.htm (SC 13G/A) — 144KB
• 0000950170-24-009130.txt ( ) — 145KB

(a)

Item 1(a). Name of Issuer: ATRenew Inc. (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 12th Floor, No. 6 Building, 433 Songhu Road, Shanghai, the People’s Republic of China

(a)

Item 2(a). Name of Person Filing: Kerry Xuefeng Chen and C&XF Group Limited (collectively, the “Reporting Persons”)

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the Reporting Persons is c/o 12th Floor, No. 6 Building, 433 Songhu Road, Shanghai, the People’s Republic of China

(c)

Item 2(c) Citizenship: Kerry Xuefeng Chen is a citizen of the People Republic of China. C&XF Group Limited is a British Virgin Islands company solely owned by Kerry Xuefeng Chen.

(d)

Item 2(d). Title of Class of Securities: Ordinary shares, $0.001 par value per share The Issuer’s ordinary shares consist of Class A ordinary shares, Class B ordinary shares and Class C ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share, each holder of Class B ordinary shares is entitled to three votes per share and each holder of Class C ordinary shares is entitled to fifteen votes per share on all matters submitted to them for vote. Class B ordinary shares and Class C 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 either Class B ordinary shares or Class C ordinary shares under any circumstances.

(e)

Item 2(e). CUSIP Number: 00138L 108 This CUSIP number applies to the American depositary shares of the Issuer. Every three ADSs represent two Class A ordinary shares of the issuer. No CUSIP number has been assigned to ordinary shares of the issuer. 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: (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 associations 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 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ Not applicable CUSIP No. 00138L 108 Page 4 of 5 Item 4. Reporting Person Amount beneficially owned: Percent of class: Percent of aggregate voting power: Sole power to vote or direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Kerry Xuefeng Chen 16,779,379 (1) 11.1% (2) 43.2% (3) 16,77

View Full Filing

View this SC 13G/A filing on SEC EDGAR