CL Lion Amends 17 Education & Tech Stake on Dec 31

TL;DR

**CL Lion updated its stake in 17 Education & Tech, watch for ownership changes.**

AI Summary

CL Lion Investment III Ltd. filed an Amendment No. 1 to Schedule 13G on January 12, 2024, indicating a change in their beneficial ownership of 17 Education & Technology Group Inc.'s Class A Ordinary Shares as of December 31, 2023. This filing, under Rule 13d-1(d), updates their previous disclosure. For investors, this matters because it provides transparency into significant institutional holdings, which can influence stock stability and future strategic decisions, though the specific change in ownership percentage isn't detailed in this excerpt.

Why It Matters

This filing provides an updated snapshot of a significant investor's position, which can signal confidence or a shift in strategy, potentially impacting market perception and liquidity.

Risk Assessment

Risk Level: low — This is a routine amendment filing, not indicating any immediate negative or positive event, but rather a disclosure update.

Analyst Insight

Investors should note this filing as a routine update from a significant holder. While it doesn't detail the change in ownership percentage, it signals continued engagement. Smart investors would look for the full filing to understand the exact change in CL Lion's stake and assess its implications for the stock's liquidity and institutional support.

Key Numbers

• US$0.0001 — Par Value per Share (The par value of each Class A Ordinary Share of 17 Education & Technology Group Inc.)
• 50 — Shares per ADS (Each American Depositary Share (ADS) represents 50 Class A ordinary shares of the Issuer.)

Key Players & Entities

• CL Lion Investment III Ltd (company) — the entity filing the SC 13G/A amendment
• 17 Education & Technology Group Inc. (company) — the issuer whose securities are being reported
• US$0.0001 (dollar_amount) — par value per Class A Ordinary Share
• December 31, 2023 (date) — date of the event requiring the filing
• January 12, 2024 (date) — date the SC 13G/A was filed

FAQ

Key Financial Figures

• $0.0001 — Class A Ordinary Shares, par value US$0.0001 per share (Title of Class of Securitie

Filing Documents

• ea191311-13ga1cllion3_17edu.htm (SC 13G/A) — 42KB
• 0001213900-24-003114.txt ( ) — 44KB

From the Filing

SC 13G/A 1 ea191311-13ga1cllion3_17edu.htm AMENDMENT NO. 1 TO SCHEDULE 13G UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 1)* 17 Education & Technology Group Inc. (Name of Issuer) Class A Ordinary Shares, par value US$0.0001 per share (Title of Class of Securities) 81807M304** (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13 d-1 (b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. ** CUSIP number of the Issuer’s American depositary shares (“ADSs”). Each one ADS represents 50 Class A ordinary shares of the Issuer. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 81807M304 SCHEDULE 13G Page 2 of 5 1 NAME OF REPORTING PERSON CL Lion Investment III Limited 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON OO CUSIP No. 81807M304 SCHEDULE 13G Page 3 of 5 ITEM 1 (a) Name of Issuer 17 Education & Technology Group Inc. (the “Issuer”) (b) Address of Issuer’s Principal Executive Offices 16/F, Block B, Wangjing Greenland Center Chaoyang District, Beijing 100102 People’s Republic of China ITEM 2 (a) Names of Person Filing CL Lion Investment III Limited (the “Reporting Person”) (b) Address of Principal Business Office or, if none, Residence Maples Corporate Services (BVI) Limited, Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands (c) Citizenship British Virgin Islands (d) Title of Class of Securities Class A ordinary shares, par value US$0.0001 per share (e) CUSIP Number 81807M304. This CUSIP number applies to the American depositary shares. One American depositary share represents 50 Class A ordinary shares of the Issuer. CUSIP No. 81807M304 SCHEDULE 13G Page 4 of 5 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 Ownership information as of December 31, 2023 of the Reporting Person is incorporated by reference through items (5) through (9) and (11) of the cover page. 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 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 or Control Person Not applicable. ITEM 8 Identification and Classification of Members of the Group Not applicable. ITEM 9 Notice of Dissolution of Group Not applicable. ITEM 10 Certifications Not applicable. CUSIP No. 81807M304 SCHEDULE 13G Page 5 of 5 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. January 12, 2024 CL Lion Investment III Limited By: /s/ Ching Nar Cindy Chan Name: Ching Nar Cindy Chan Title: Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR