AREO Holdings Amends Sunlands Tech Stake, Files SC 13G/A

TL;DR

**AREO Holdings updated its stake in Sunlands Technology Group via an SC 13G/A.**

AI Summary

AREO HOLDINGS LTD filed an amended SC 13G/A on January 24, 2024, indicating their ownership of Class A Ordinary Shares in Sunlands Technology Group as of December 31, 2023. This filing, Amendment No. 5, updates their previous disclosures regarding their stake in the educational services company. For investors, this matters because it provides transparency into significant shareholder activity, showing that AREO HOLDINGS LTD continues to be a notable holder in Sunlands Technology Group, which could influence future corporate decisions or stock performance.

Why It Matters

This filing updates the public record on a significant shareholder's position, offering transparency into who holds power in Sunlands Technology Group.

Risk Assessment

Risk Level: low — This is a routine amendment filing, not indicating any immediate negative or positive event, but rather an update to a significant shareholder's position.

Analyst Insight

Investors should note this filing as a routine update from a significant shareholder. While not immediately actionable, it confirms AREO HOLDINGS LTD's continued interest and position in Sunlands Technology Group, which could be a factor in long-term analysis.

Key Players & Entities

• AREO HOLDINGS LTD (company) — the entity filing the SC 13G/A
• Sunlands Technology Group (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A
• US$0.00005 (dollar_amount) — par value per Class A Ordinary Share

FAQ

Key Financial Figures

• $0.00005 — ) Class A Ordinary Shares, par value US$0.00005 per share (Title of Class of Securiti

Filing Documents

• sch13ga5sunland.htm (SC 13G/A) — 265KB
• 0001653246-24-000001.txt ( ) — 267KB

(a)

Item 1(a) Name of Issuer: Sunlands Technology Group

(b)

Item 1(b) Address of issuer's principal executive offices: Building 4-6, Chaolai Science Park, No. 36, Chuangyuan Road, Chaoyang District, Beijing, 100012, the People's Republic of China

(a)

Item 2(a) Name of Person Filing: This Schedule 13G (the "Schedule 13G") is being jointly filed by the following persons (collectively, the "Reporting Persons" and each a "Reporting Person"): (i) Diamond Tower Investments Limited; (ii) Orchid Asia VI, L.P.; (iii) Orchid Asia V Co-Investment, Limited; (iv) OAVI Holdings, L.P.; (v) Orchid Asia VI GP, Limited; (vi) Orchid Asia V Group Management, Limited; (vii) Orchid Asia V Group, Limited; (viii) AREO Holdings Limited; and (ix) Ms. Lam Lai Ming

(b)

Item 2(b) Address of principal business office or, if none, residence: The address of principal business office of Diamond Tower Investments Limited and AREO Holdings Limited is: c/o Vistra Corporate Services Centre Wickhams Cay II, Road Town Tortola, VG 1110, British Virgin Islands The address of principal business office of Orchid Asia VI, L.P., OAVI Holdings, L.P., Orchid Asia VI GP, Limited, Orchid Asia V Group Management, Limited, Orchid Asia V Group, Limited is: c/o Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands The address of principal business office of Orchid Asia V Co-Investment, Limited is: c/o Corporate Management Solutions (Cayman) ltd. Two Artillery Court, 2/F, 161 Shedden Road PO box 799, George Town Grand Cayman, KY1-1103 Cayman Islands The address of principal business office of Ms. Lam Lai Ming is: c/o Suite 6812-13, 68th Floor, The Center, 99 Queen's Road Central, Central, Hong Kong.

(c)

Item 2(c) Citizenship: The citizenship or place of organization of each of the Reporting Persons is set forth on such Reporting Person's cover page.

(d)

Item 2(d) Title of class of securities: Class A Ordinary Shares, par value US$0.00005 per share

(e)

Item 2(e) CUSIP No.: 86740P207 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable Item 4. The information set forth in Rows 5 through 11 of the cover pages to this Schedule 13G is incorporated herein by reference for each Reporting Person. Item 5. Not applicable. Item 6. 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. Please see Exhibit B Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Not applicable. SIGNATURE 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. Dated: January 24, 2024 Diamond Tower Investments Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia VI, L.P /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia V Co-Investment, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative OAVI Holdings, L.P. /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia VI GP, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia V Group Management, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia V Group, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative AREO Holdings Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Lam Lai Ming /s/ Lam Lai Ming EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) of th

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View this SC 13G/A filing on SEC EDGAR