CICC Group Amends Passive Stake in uCloudlink (UCL)

TL;DR

**CICC Group updated its passive stake in uCloudlink (UCL) as of year-end 2023.**

AI Summary

China International Capital Corp (International) Ltd, along with its group members, filed an amended SC 13G/A on February 1, 2024, indicating their ownership of uCloudlink Group Inc.'s Class A ordinary shares as of December 31, 2023. This filing updates their previous disclosure regarding their passive investment in uCloudlink, a communication services company. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence in UCL.

Why It Matters

This filing provides updated transparency on a significant institutional investor's holdings, which can impact market perception and liquidity for uCloudlink Group Inc. (UCL) stock.

Risk Assessment

Risk Level: low — This is a routine amendment to a passive investment filing, indicating no immediate change in investment strategy or control.

Analyst Insight

Investors should note this routine update of a passive institutional holding, which suggests continued stability in this ownership stake. It doesn't signal an immediate buy or sell, but rather confirms ongoing institutional interest in UCL.

Key Numbers

• US$0.00005 — Par Value per Class A ordinary share (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 Group Inc. represents ten Class A ordinary shares.)

Key Players & Entities

• China International Capital Corp (International) Ltd (company) — filing as a reporting person
• uCloudlink Group Inc. (company) — the subject company (issuer)
• CHINA INTERNATIONAL CAPITAL CORP LTD (company) — group member of the reporting person
• CICC FINANCIAL HOLDINGS LTD (company) — group member of the reporting person
• CICC FINANCIAL TRADING LTD (company) — group member of the reporting person
• US$0.00005 (dollar_amount) — par value per Class A ordinary share

Forward-Looking Statements

• China International Capital Corp (International) Ltd will maintain its passive investment strategy in uCloudlink Group Inc. (China International Capital Corp (International) Ltd) — high confidence, target: Next 12 months
• uCloudlink Group Inc.'s stock (UCL) will experience stable institutional ownership due to this passive filing. (uCloudlink Group Inc.) — medium confidence, target: Next 6 months

FAQ

Key Financial Figures

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

Filing Documents

• dp206177_sc13ga-1.htm (SC 13G/A) — 74KB
• 0000950103-24-001605.txt ( ) — 76KB

(a). Name of Issuer

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

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

Item 1(b). Address of Issuer’s Principal Executive Offices: Unit 2214-Rm1, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong

(a). Name of Person Filing

Item 2(a). Name of Person Filing: This Schedule 13G is being jointly filed by the following reporting persons (each a “ Reporting Person ” and collectively, the “ Reporting Persons ”): (1) China International Capital Corporation Limited (2) China International Capital Corporation (International) Limited (3) CICC Financial Holdings Limited (4) CICC Financial Trading Limited

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

Item 2(b). Address of Principal Business Office or, if none, Residence: The principal Beijing 100004, People’s Republic of China. The principal and CICC Financial Trading Limited is 29/F, One International Finance Centre, 1. Harbour View Street, Central, Hong Kong.

(c). Citizenship

Item 2(c). Citizenship: (1) China International Capital Corporation Limited – People’s Republic of China (2) China International Capital Corporation (International) Limited – Hong Kong (3) CICC Financial Holdings Limited – British Virgin Islands (4) CICC Financial Trading Limited – Hong Kong

(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.

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. China International Capital Corporation Limited indirectly wholly owns CICC Financial Holdings Limited (“CICC Financial”) through China International Capital Corporation (International) Limited. CICC Financial wholly owns CICC Financial Trading Limited, which is a wholly-owned subsidiary of CICC Financial. (a) The information required by Item 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 Item 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 Item 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. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following T .

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. 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: February 1, 2024 China International Capital Corporation Limited By: /seal/ CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED /s/ WU BO Name: WU BO Title: Officer China International Capital Corporation (International) Limited By: /s/ WONG WING FAI JOSEPH Name: WONG WING FAI JOSEPH Title: Authorized Signatory CICC Financial Holdings Limited By: /s/ WONG WING FAI JOSEPH Name: WONG WING FAI JOSEPH Title: Authorized Signatory CICC Financial Trading Limited By: /s/ WONG WING FAI JOSEPH Name: WONG WING FAI JOSEPH Title: Authorized Signatory Exhibit Index Exhibit Description 99.1 Joint Filing Agreement, dated September 30, 2022, by and between China International Capital Corporation Limited, China International Capital Corporation (International) Limited, CICC Financial Holdings Limited and CICC Financial Trading Limited* * Incorporated herein by reference to the Joint Filing Agreement by and between China International Capital Corporation Limited, China International Capital Corporation (International) Limited, CICC Financial Holdings Limited and CICC Financial Trading Limited, dated as of September 30, 2022, which was previously filed with the U.S. Securities and Exchange Commission as Exhibit 99.1 to Schedule 13G filed by China International Capital Corporation (International) Limited, among others, on September 30, 2022 with respect to the Class A ordinary shares of uCloudlink Group Inc.

View Full Filing

View this SC 13G/A filing on SEC EDGAR