SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. ___)*

 

Q&K International Group Limited

(Name of Issuer)

 

Class A Ordinary Shares, par value $0.00001 per share

(Title of Class of Securities)

 

G7308L 100 **

(CUSIP Number)

 

December 31, 2019

(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)

 

x     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 disclosures provided in a prior cover page.

 

The information required on 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).

 

**       This CUSIP number applies to the Class A ordinary shares (“Class A Ordinary Shares”) of Q&K International Group Limited (the “Issuer”). CUSIP number 74738J 102 applies to the American Depositary Shares (ADSs”) of the Issuer, each representing thirty (30) Class A Ordinary Shares.

 

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

1 NAMES OF REPORTING PERSONS
SAIF IV Consumer (BVI) Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a)     ¨      (b)      x
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
120,000,000 (1)
  7

SOLE DISPOSITIVE POWER

0

  8 SHARED DISPOSITIVE POWER
120,000,000 (1)

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

120,000,000 (1)

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
11.3% (2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO

 

(1) As described in Item 4 below, SAIF IV Consumer (BVI) Limited (“SAIF IV”), SAIF Partners IV L.P. (“SAIF Partners”), SAIF IV GP, L.P. (“SAIF IV GP”), SAIF IV GP Capital Ltd. (“SAIF IV GP Capital”) and Andrew Y. Yan (“Yan” and together with SAIF IV, SAIF Partners, SAIF IV GP amd SAIF IV GP Capital, the “Reporting Persons”) beneficially own 120,000,000 Class A Ordinary Shares of Q&K International Group Limited (the “Issuer”). All of these shares are held directly by SAIF IV. SAIF IV is wholly owned by SAIF Partners. The general partner of SAIF Partners is SAIF IV GP. The general partner of SAIF IV GP is SAIF IV GP Capital. Yan is the sole shareholder of SAIF IV GP Capital. Accordingly, the Reporting Persons may be deemed to share voting and dispositive power over the shares held directly by SAIF IV.

 

(2) This percentage is calculated using 1,065,292,221 Class A Ordinary Shares as the dominator, which is equal to 1,065,292,221 Class A Ordinary Shares outstanding upon closing of the full exercise of the over-allotment option in the Issuer’s initial public offering, pursuant to the Issuer’s prospectus on Form 424B4 dated November 7, 2019 and press release announcing the full exercise of over-allotment option in its initial public offering dated November 13, 2019.

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 


1
NAMES OF REPORTING PERSONS
SAIF Partners IV L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
     (a)     ¨     (b)     x 
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH REPORTING PERSON
WITH
5 SOLE VOTING POWER
0
  6 SHARED VOTING POWER
120,000,000 (1)
  7

SOLE DISPOSITIVE POWER

0

  8 SHARED DISPOSITIVE POWER
120,000,000 (1)

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

120,000,000 (1)

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
11.3% (2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN

 

(1) As described in Item 4 below, SAIF IV Consumer (BVI) Limited (“SAIF IV”), SAIF Partners IV L.P. (“SAIF Partners”), SAIF IV GP, L.P. (“SAIF IV GP”), SAIF IV GP Capital Ltd. (“SAIF IV GP Capital”) and Andrew Y. Yan (“Yan” and together with SAIF IV, SAIF Partners, SAIF IV GP amd SAIF IV GP Capital, the “Reporting Persons”) beneficially own 120,000,000 Class A Ordinary Shares of Q&K International Group Limited (the “Issuer”). All of these shares are held directly by SAIF IV. SAIF IV is wholly owned by SAIF Partners. The general partner of SAIF Partners is SAIF IV GP. The general partner of SAIF IV GP is SAIF IV GP Capital. Yan is the sole shareholder of SAIF IV GP Capital. Accordingly, the Reporting Persons may be deemed to share voting and dispositive power over the shares held directly by SAIF IV.

 

(2) This percentage is calculated using 1,065,292,221 Class A Ordinary Shares as the dominator, which is equal to 1,065,292,221 Class A Ordinary Shares outstanding upon closing of the full exercise of the over-allotment option in the Issuer’s initial public offering, pursuant to the Issuer’s prospectus on Form 424B4 dated November 7, 2019 and press release announcing the full exercise of over-allotment option in its initial public offering dated November 13, 2019.

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

1 NAMES OF REPORTING PERSONS
SAIF IV GP, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
     (a)     ¨     (b)     x 
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
5 SOLE VOTING POWER
0
  6 SHARED VOTING POWER
120,000,000 (1)
  7

SOLE DISPOSITIVE POWER

0

  8 SHARED DISPOSITIVE POWER
120,000,000 (1)

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

120,000,000 (1)

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
11.3% (2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN

 

(1) As described in Item 4 below, SAIF IV Consumer (BVI) Limited (“SAIF IV”), SAIF Partners IV L.P. (“SAIF Partners”), SAIF IV GP, L.P. (“SAIF IV GP”), SAIF IV GP Capital Ltd. (“SAIF IV GP Capital”) and Andrew Y. Yan (“Yan” and together with SAIF IV, SAIF Partners, SAIF IV GP amd SAIF IV GP Capital, the “Reporting Persons”) beneficially own 120,000,000 Class A Ordinary Shares of Q&K International Group Limited (the “Issuer”). All of these shares are held directly by SAIF IV. SAIF IV is wholly owned by SAIF Partners. The general partner of SAIF Partners is SAIF IV GP. The general partner of SAIF IV GP is SAIF IV GP Capital. Yan is the sole shareholder of SAIF IV GP Capital. Accordingly, the Reporting Persons may be deemed to share voting and dispositive power over the shares held directly by SAIF IV.

 

(2) This percentage is calculated using 1,065,292,221 Class A Ordinary Shares as the dominator, which is equal to 1,065,292,221 Class A Ordinary Shares outstanding upon closing of the full exercise of the over-allotment option in the Issuer’s initial public offering, pursuant to the Issuer’s prospectus on Form 424B4 dated November 7, 2019 and press release announcing the full exercise of over-allotment option in its initial public offering dated November 13, 2019.

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

1 NAMES OF REPORTING PERSONS
SAIF IV GP Capital Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
     (a)     ¨     (b)     x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
5 SOLE VOTING POWER
0
  6 SHARED VOTING POWER
120,000,000 (1)
  7

SOLE DISPOSITIVE POWER

0

  8 SHARED DISPOSITIVE POWER
120,000,000 (1)

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

120,000,000 (1)

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
11.3% (2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO

 

(1) As described in Item 4 below, SAIF IV Consumer (BVI) Limited (“SAIF IV”), SAIF Partners IV L.P. (“SAIF Partners”), SAIF IV GP, L.P. (“SAIF IV GP”), SAIF IV GP Capital Ltd. (“SAIF IV GP Capital”) and Andrew Y. Yan (“Yan” and together with SAIF IV, SAIF Partners, SAIF IV GP amd SAIF IV GP Capital, the “Reporting Persons”) beneficially own 120,000,000 Class A Ordinary Shares of Q&K International Group Limited (the “Issuer”). All of these shares are held directly by SAIF IV. SAIF IV is wholly owned by SAIF Partners. The general partner of SAIF Partners is SAIF IV GP. The general partner of SAIF IV GP is SAIF IV GP Capital. Yan is the sole shareholder of SAIF IV GP Capital. Accordingly, the Reporting Persons may be deemed to share voting and dispositive power over the shares held directly by SAIF IV.

 

(2) This percentage is calculated using 1,065,292,221 Class A Ordinary Shares as the dominator, which is equal to 1,065,292,221 Class A Ordinary Shares outstanding upon closing of the full exercise of the over-allotment option in the Issuer’s initial public offering, pursuant to the Issuer’s prospectus on Form 424B4 dated November 7, 2019 and press release announcing the full exercise of over-allotment option in its initial public offering dated November 13, 2019.

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

1 NAMES OF REPORTING PERSONS
Andrew Y. Yan
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
     (a)     ¨     (b)     x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
5 SOLE VOTING POWER
0
  6 SHARED VOTING POWER
120,000,000 (1)
  7

SOLE DISPOSITIVE POWER

0

  8 SHARED DISPOSITIVE POWER
120,000,000 (1)

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON

 

120,000,000 (1)

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
11.3% (2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

 

(1) As described in Item 4 below, SAIF IV Consumer (BVI) Limited (“SAIF IV”), SAIF Partners IV L.P. (“SAIF Partners”), SAIF IV GP, L.P. (“SAIF IV GP”), SAIF IV GP Capital Ltd. (“SAIF IV GP Capital”) and Andrew Y. Yan (“Yan” and together with SAIF IV, SAIF Partners, SAIF IV GP amd SAIF IV GP Capital, the “Reporting Persons”) beneficially own 120,000,000 Class A Ordinary Shares of Q&K International Group Limited (the “Issuer”). All of these shares are held directly by SAIF IV. SAIF IV is wholly owned by SAIF Partners. The general partner of SAIF Partners is SAIF IV GP. The general partner of SAIF IV GP is SAIF IV GP Capital. Yan is the sole shareholder of SAIF IV GP Capital. Accordingly, the Reporting Persons may be deemed to share voting and dispositive power over the shares held directly by SAIF IV.

 

(2) This percentage is calculated using 1,065,292,221 Class A Ordinary Shares as the dominator, which is equal to 1,065,292,221 Class A Ordinary Shares outstanding upon closing of the full exercise of the over-allotment option in the Issuer’s initial public offering, pursuant to the Issuer’s prospectus on Form 424B4 dated November 7, 2019 and press release announcing the full exercise of over-allotment option in its initial public offering dated November 13, 2019.

  

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

Introductory Note: This statement on Schedule 13G is filed on behalf of the Reporting Persons, in respect of shares of Common Stock (“Common Stock”) of Q&K International Group Limited (the “Issuer”).

 

Item 1(a) Name of Issuer:

 

Q&K International Group Limited

 

Item 1(b) Address of Issuer’s principal executive offices:
   
Suite 1607, Building A
No. 596 Middle Longhua Road
Xuhui Districk, Shanghai 200032
People’s Republic of China

 

Items 2(a) Name of Reporting Persons filing:

 

  SAIF IV Consumer (BVI) Limited (“SAIF IV”)
  SAIF Partners IV L.P. (“SAIF Partners”)
  SAIF IV GP, Ltd. (“SAIF IV GP”)
  SAIF IV GP Capital Ltd. (“SAIF IV GP Capital”)
  Andrew Y. Yan (“Yan”)

  

Item 2(b) Address or principal business office or, if none, residence:

 

  Suites 2516-2520, Two Pacific Place, 88 Queensway, Hong Kong

 

Item 2(c) Citizenship:

 

  Name Citizenship or Place of Organization
  SAIF IV British Virgin Islands
  SAIF Partners Cayman Islands
  SAIF IV GP Cayman Islands
  SAIF IV GP Capital Cayman Islands
  Yan Hong Kong
     
Item 2(d) Title of class of securities:
   
  Class A Ordinary Shares, par value US$0.00001 per share

 

Item 2(e) CUSIP No.:
   
  G7308L 100*

 

*This CUSIP number applies to the Class A Ordinary Shares. CUSIP number 74738J 102 applies to the ADSs of the Issuer, each representing thirty (30) Class A Ordinary Shares.

 

Item 3 Not applicable.

 

Item 4 Ownership
   
  The following information with respect to the ownership of Common Stock of the Issuer by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2019.

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

Reporting Persons   Shares of Common
Stock Held Directly
    Sole
Voting
Power
    Shared
Voting
Power (1)
    Sole
Dispositive
Power
    Shared
Dispositive
Power (1)
    Beneficial
Ownership
    Percentage
of Class (1)
 
SAIF IV     120,000,000       0       120,000,000       0       120,000,000       120,000,000       11.3 %
SAIF Partners     0       0       120,000,000       0       120,000,000       120,000,000       11.3 %
SAIF IV GP     0       0       120,000,000       0       120,000,000       120,000,000       11.3 %
SAIF IV GP Capital     0       0       120,000,000       0       120,000,000       120,000,000       11.3 %
Yan     0       0       120,000,000       0       120,000,000       120,000,000       11.3 %

 

  (1) This percentage is calculated using 1,065,292,221 Class A Ordinary Shares as the dominator, which is equal to 1,065,292,221 Class A Ordinary Shares outstanding upon closing of the full exercise of the over-allotment option in the Issuer’s initial public offering, pursuant to the Issuer’s prospectus on Form 424B4 dated November 7, 2019 and press release announcing the full exercise of over-allotment option in its initial public offering dated November 13, 2019.

 

The 120,000,000 Class A ordinary shares are held directly by SAIF IV. SAIF IV is wholly owned by SAIF Partners. The general partner of SAIF Partners is SAIF IV GP. The general partner of SAIF IV GP is SAIF IV GP Capital. Yan is the sole shareholder of SAIF IV GP Capital. Accordingly, the Reporting Persons may be deemed to share voting and dispositive power over the shares held directly by SAIF IV.

 

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.

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

SIGNATURES

  

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the attached statement on Schedule 13G is true, complete and correct.

 

Dated: March 2, 2020

 

SAIF IV Consumer (BVI) Limited

 

By: SAIF Partners IV L.P.
Its:

Sole Shareholder

By: SAIF IV GP, L.P., its General Partner

By: SAIF IV GP Capital Ltd, its General Partner

 

By: /s/ Andrew Y. Yan  
  Andrew Y. Yan, Sole Shareholder  
     

 

SAIF Partners IV L.P.

 

 

By: SAIF IV GP, L.P., its General Partner

By: SAIF IV GP Capital Ltd, its General Partner

 

By: /s/ Andrew Y. Yan  
  Andrew Y. Yan, Sole Shareholder  
     

 

SAIF IV GP, L.P.

 

  By: SAIF IV GP Capital Ltd, its General Partner

 

By: /s/ Andrew Y. Yan  
  Andrew Y. Yan, Sole Shareholder  

 

SAIF IV GP Capital Ltd.

 

By: SAIF IV GP Capital Ltd, its General Partner

 

By: /s/ Andrew Y. Yan  
  Andrew Y. Yan, Sole Shareholder  

  

By: /s/ Andrew Y. Yan  
  Andrew Y. Yan, Sole Shareholder  

 

 

 

 

CUSIP NO. G7308L 100 ** 13 G  

 

Exhibit(s):

 

Exhibit 99.1: Joint Filing Statement

 

 

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