UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.3)*

 

Lixiang Education Holding Co., Ltd.

(Name of Issuer)

 

Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

 

53934A115**

(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 13d-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 53934A115 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol “LXEH”. Each ADS represents 5 ordinary shares of the Issuer. No CUSIP number has been assigned to the 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. 53934A115   SCHEDULE 13G    

 

1

Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

 

Fen Ye

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ☐

(b) ☐

3

SEC Use Only

 

4

Citizenship or Place of Organization

 

People’s Republic of China

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5

Sole Voting Power

 

47,500,000 (See Item 4)

6

Shared Voting Power

 

0

7

Sole Dispositive Power

 

47,500,000 (See Item 4)

8

Shared Dispositive Power

 

0

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

47,500,000 (See Item 4)

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

11

Percent of Class Represented by Amount in Row (9)

 

40.7% (See Item 4)

12

Type of Reporting Person (See Instructions)

 

IN

 

2

 

 

CUSIP No. 53934A115   SCHEDULE 13G    

 

1

Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

 

Mengxiang Holdings Limited

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(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

 

45,000,000 (See Item 4)

6

Shared Voting Power

 

0

7

Sole Dispositive Power

 

45,000,000 (See Item 4)

8

Shared Dispositive Power

 

0

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

45,000,000 (See Item 4)

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

11

Percent of Class Represented by Amount in Row (9)

 

38.6% (See Item 4)

12

Type of Reporting Person (See Instructions)

 

CO

 

3

 

 

CUSIP No. 53934A115   SCHEDULE 13G    

 

1

Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

 

Mengxiang Investment Co., Ltd

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(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

 

2,500,000 (See Item 4)

6

Shared Voting Power

 

0

7

Sole Dispositive Power

 

2,500,000 (See Item 4)

8

Shared Dispositive Power

 

0

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,500,000 (See Item 4)

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

11

Percent of Class Represented by Amount in Row (9)

 

2.1% (See Item 4)

12

Type of Reporting Person (See Instructions)

 

CO

 

4

 

 

CUSIP No. 53934A115   SCHEDULE 13G    

 

Item 1.
 
  (a)

Name of Issuer:

 

Lixiang Education Holding Co., Ltd. (the “Issuer”)

     
  (b)

Address of Issuer’s Principal Executive Offices:

 

No. 818 Hua Yuan Street, Liandu District, Lishui City, Zhejiang Province, 323000, People’s Republic of China.

     
Item 2.
 
  (a)

Name of Person Filing:

 

(1) Fen Ye (“Ms. Ye”)

 

(2) Mengxiang Holdings Limited (“Mengxiang Holdings”)

 

(3) Mengxiang Investment Co., Ltd. (“Mengxiang Investment”)

 

This Amendment No.3 to Schedule 13G is being jointly filed by Ms. Ye, Mengxiang Holdings and Mengxiang Investment (collectively, the “Filing Persons”).

 

The Filing Persons have entered into a Joint Filing Agreement, dated February 14, 2023, pursuant to which the Filing Persons agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k) under the Act.

     
  (b)

Address of Principal Business Office, or if none, Residence:

 

(1) Ms. Ye: c/o No. 818 Hua Yuan Street, Liandu District, Lishui City, Zhejiang Province, 323000, People’s Republic of China.

 

(2) Mengxiang Holdings: Coastal Building, Wickham’s Cay II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands.

 

(3) Mengxiang Investment: Coastal Building, Wickham’s Cay II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands.

     
  (c)

Citizenship:

 

(1) Ms. Ye: People’s Republic of China

 

(2) Mengxiang Holdings: British Virgin Islands

 

(3) Mengxiang Investment: British Virgin Islands

     
  (d)

Title of Class of Securities:

 

Ordinary Shares, par value $0.0001 per share, of the Issuer

     
  (e)

CUSIP Number:

 

53934A115

 

CUSIP number 53934A115 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer. Each ADS represents five ordinary shares of the Issuer. No CUSIP number has been assigned to the ordinary shares of the Issuer.

 
Item 3. If this statement is filed pursuant to Sections §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
   
  Not Applicable.

 

5

 

 

CUSIP No. 53934A115   SCHEDULE 13G    

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

               Shared   Sole power to     
           Sole power   power to   dispose or to   Shared power 
   Amount       to vote or   vote or   direct the   to dispose or 
    beneficially    Percent   direct the   to direct   disposition   to direct the 
Reporting Person(1)  owned(1)   of class(2)   vote(1)   the vote   of(1)   disposition of 
Ms. Ye   47,500,000    40.7%   47,500,000    0    47,500,000    0 
Mengxiang Holdings   45,000,000    38.6%   45,000,000    0    45,000,000    0 
Mengxiang Investment   2,500,000    2.1%   2,500,000    0    2,500,000    0 

 

 

Notes:

 

(1)Represents 45,000,000 ordinary shares held by Mengxiang Holdings, and 2,500,000 ordinary shares held by Mengxiang Investment. Both Mengxiang Holdings and Mengxiang Investment are wholly-owned and controlled by Ms. Ye.

 

(2)This percentage is based on 116,667,000 ordinary shares outstanding as of December 31, 2023.

 

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

 

6

 

 

EXHIBITS INDEX

 

EXHIBIT NO.   EXHIBITS
99.1   Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to Schedule 13G filed on February 14, 2023 by the Filing Persons with the Securities and Exchange Commission)

 

7

 

 

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.

 

Date: February 7, 2024

 

  /s/ Fen Ye
  Fen Ye
   
  Mengxiang Holdings Limited
     
  By: /s/ Fen Ye
    Name: Fen Ye
    Title: Director
     
  Mengxiang Investment Co., Ltd
     
  By: /s/ Fen Ye
    Name: Fen Ye
    Title: Director

 

 

8

 

 


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