Hui Li Amends uCloudlink (UCL) Stake on Jan 31

TL;DR

**Major uCloudlink shareholder Hui Li updated their ownership filing.**

AI Summary

Hui Li, a significant shareholder in uCloudlink Group Inc. (UCL), filed an amended SC 13G/A on January 31, 2024, indicating a change in their beneficial ownership. This filing, an amendment to a previous statement, updates the public record regarding Li's holdings in the company's Class A ordinary shares. This matters to investors because changes in major shareholder positions can signal shifts in confidence or strategic intent, potentially influencing stock perception and future performance.

Why It Matters

This filing updates the public on a key investor's stake in uCloudlink, which can influence market sentiment and signal potential future actions by a major shareholder.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership filing, not indicating any immediate high-risk event.

Analyst Insight

An investor should note that a significant shareholder, Hui Li, has updated their ownership disclosure. While this specific filing doesn't detail the change in percentage, it confirms ongoing beneficial ownership. Investors should monitor subsequent filings for any substantial changes in ownership percentage that could signal a shift in investor confidence or strategy.

Key Numbers

• US$0.00005 — Par Value per Class A ordinary share (This is the nominal value of each Class A ordinary share of uCloudlink Group Inc.)
• 10 — Class A ordinary shares per ADS (Each American depositary share (ADS) of uCloudlink represents ten Class A ordinary shares.)

Key Players & Entities

• Hui Li (person) — reporting person and beneficial owner of uCloudlink Group Inc. shares
• uCloudlink Group Inc. (company) — the subject company whose shares are being reported
• January 31, 2024 (date) — date of event requiring the filing of this statement
• 90354D104 (other) — CUSIP number for uCloudlink's American depositary shares (ADSs)
• US$0.00005 (dollar_amount) — par value per Class A ordinary share of uCloudlink

Forward-Looking Statements

• Hui Li will maintain a significant ownership stake in uCloudlink Group Inc. for the foreseeable future. (Hui Li) — medium confidence, target: 2025-01-31
• The updated filing will have a neutral short-term impact on uCloudlink's stock price. (uCloudlink Group Inc.) — high confidence, target: 2024-02-29

FAQ

Key Financial Figures

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

Filing Documents

• ucl_sc13ga.htm (SC 13G/A) — 61KB
• 0001477932-24-000486.txt ( ) — 63KB

(a). Name of Issuer

Item 1(a). Name of Issuer: uCloudlink Group Inc. (the " Issuer ")

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

Item 1(b). Address of Issuer's Principal Executive Offices: Room 2119, 21/F, One Pacific Centre, 414 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong

(a). Name of Person Filing

Item 2(a). Name of Person Filing: This Schedule 13G Amendment is being filed by the following reporting person (" Reporting Person "): Hui Li Junmei Yin Meri Growth Capital Limited

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

Item 2(b). Address of Principal Business Office or, if none, Residence: Hui Li 12L Building A Caifu Square, No. 7002 Shennan Road, Shenzhen, Guangdong, China 518038 Junmei Yin 12L Building A Caifu Square, No. 7002 Shennan Road, Shenzhen, Guangdong, China 518038 Meri Growth Capital Limited Vistra Corporate Services Centre, Wickham Cay II, Road Town, Tortola, VG1110, British Virgin Islands

(c). Citizenship

Item 2(c). Citizenship: Hui Li People's Republic of China Junmei Yin Hong Kong Special Administrative Region of the People's Republic of China Meri Growth Capital Limited (Place of Incorporation) British Virgin Islands

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Class A ordinary shares, par value US$0.00005 per share.

(e). CUSIP Number

Item 2(e). CUSIP Number: CUSIP number 90354D104 has been assigned to the ADSs of the Issuer, each ADS representing ten Class A ordinary shares, par value US$0.00005 per share. 5

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c)

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c): Not applicable.

Ownership

Item 4. Ownership. (a) The information required by Items 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference. (b) The information required by Items 4(b) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference. (c) The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. Not applicable.

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. 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.

Certifications

Item 10. Certifications. Not applicable. 6 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 31, 2024 /s/ Hui Li Hui Li /s/ Junmei Yin Junmei Yin /s/ Hui Li Meri Growth Capital Limited Director: Hui Li [ Signature page to Schedule 13G/A ] 7

View Full Filing

View this SC 13G/A filing on SEC EDGAR