Viomi Tech Insider Chen Xiaoping Amends Ownership Filing

TL;DR

**Insider Chen Xiaoping updated his Viomi Tech (VIOT) ownership, watch for sentiment shifts.**

AI Summary

Chen Xiaoping, a key individual at Viomi Technology Co., Ltd. (VIOT), filed an amended SC 13G/A on February 2, 2024, indicating a change in his beneficial ownership of the company's Class A ordinary shares as of December 31, 2023. This filing, an amendment number 5, updates previous disclosures regarding his stake in the smart home appliance manufacturer. For investors, this matters because changes in ownership by insiders like Chen Xiaoping can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price movements.

Why It Matters

Changes in beneficial ownership by insiders can signal their confidence in the company's future, potentially impacting investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership and does not inherently present a high risk to investors.

Analyst Insight

Investors should monitor subsequent sections of this filing (not provided here) for the actual percentage of ownership and any significant changes, as this could indicate insider sentiment towards Viomi Technology Co., Ltd. (VIOT).

Key Numbers

• 92762J 103 — CUSIP Number (Assigned to Viomi's American Depositary Shares (ADSs), symbol VIOT)
• 3 — Shares per ADS (Each ADS represents three Class A ordinary shares of Viomi Technology Co., Ltd.)
• 5 — Amendment Number (This is the fifth amendment to the Schedule 13G filing for Chen Xiaoping)

Key Players & Entities

• Chen Xiaoping (person) — Reporting Person, beneficial owner of Viomi Technology Co., Ltd. shares
• Viomi Technology Co., Ltd. (company) — Issuer of the Class A ordinary shares
• Nasdaq Stock Market (company) — Where Viomi's ADSs (VIOT) are quoted
• December 31, 2023 (date) — Date of the event requiring the filing
• February 2, 2024 (date) — Date the SC 13G/A amendment was filed
• $0.00001 (dollar_amount) — Par value per Class A ordinary share

Forward-Looking Statements

• Chen Xiaoping's future filings will continue to reflect his ongoing ownership adjustments in Viomi Technology Co., Ltd. (Chen Xiaoping) — high confidence, target: Next reporting period
• The market will react neutrally to this routine amendment unless a significant change in ownership percentage is disclosed in subsequent sections (not provided here). (VIOT stock price) — medium confidence, target: Short-term

FAQ

Key Financial Figures

• $0.00001 — me of Issuer) Class A ordinary shares, $0.00001 par value per share (Title of Class o

Filing Documents

• tm244119d1_sc13ga.htm (SC 13G/A) — 64KB
• 0001104659-24-010019.txt ( ) — 65KB

(a)

Item 1(a). Name of Issuer: Viomi Technology Co., Ltd (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: Wansheng Square, Rm 1302 Tower C, Xingang East Road, Haizhu District, Guangzhou, Guangdong, 510220, People's Republic of China

(a)

Item 2(a). Name of Person Filing: (i) Xiaoping Chen, and (ii) Viomi Limited (collectively, the “Reporting Persons”)

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: Xiaoping Chen c/o Wansheng Square, Rm 1302 Tower C, Xingang East Road Haizhu District, Guangzhou, Guangdong, 510220 People's Republic of China Viomi Limited c/o NovaSage Incorporation (BVI) Limited of NovaSage Chambers, P.O. Box 4389 Road Town, Tortola British Virgin Islands

(c)

Item 2(c) Citizenship: Xiaoping Chen – People’s Republic of China Viomi Limited – British Virgin Islands

(d)

Item 2(d). Title of Class of Securities: Class A ordinary shares, $0.00001 par value per share, of the Issuer The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to ten votes per share on all matters submitted to them for vote. Class B 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 Class B ordinary shares under any circumstances.

(e)

Item 2(e). CUSIP Number: 92762J 103 This CUSIP number applies to the American depositary shares of the Issuer, each representing three Class A ordinary shares of the Issuer. No CUSIP has been assigned to the ordinary shares. 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: Not applicable 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: Xiaoping Chen 70,926,998 34.7 % 60.9 % 69,836,364 1,090,634 69,836,364 0 Viomi Limited 69,836,364 34.1 % 60.1 % 69,836,364 0 69,836,364 0 As of December 31, 2023, 2,200,000 Class A ordinary shares and 67,636,364 Class B ordinary shares were beneficially owned by Viomi Limited, a British Virgin Islands company wholly owned by Xiaoping Chen. 4 As of December 31, 2023, Xiaoping Chen beneficially owned 2,390,632 Class A ordinary shares, and 68,536,366 Class B ordinary shares, representing (i) 2,200,000 Class A ordinary shares and 67,636,364 Class B ordinary shares beneficially owned by Viomi Limited; and (ii) 900,002 Class B ordinary shares and 190,632 Class A ordinary shares in the form of ADS beneficially owned by certain employees. Viomi Limited is wholly owned by a trust established for the benefit of Mr. Xiaoping Chen and his family. The abovementioned certain employees granted an irrevocable voting proxy for all their ordinary shares to Mr. Xiaoping Chen, and thus Mr. Xiaoping Chen has shared power to direct the voting of such shares but no power to dispose the same. The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 204,515,213 ordinary shares (being the sum of 101,750,663 Class A ordinar

View Full Filing

View this SC 13G/A filing on SEC EDGAR