Amended Statement of Beneficial Ownership (sc 13d/a)
14 April 2017 - 1:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)*
KongZhong
Corporation
(Name of Issuer)
Ordinary
Shares, par value US$0.0000005 per share**
(Title of Class of Securities)
50047P104***
(CUSIP Number)
IDG-Accel China Growth Fund II L.P.
c/o IDG VC Management Ltd.
Unit 5505, The Center
99 Queen’s Road
Central, Hong Kong
+86
10 6526 2400
(Name, Address and Telephone Number of
Person
Authorized to Receive Notices and Communications)
April 13, 2017
(Date of Event which Requires Filing of
this Statement)
If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of Rule 13d-1 (e), 13d-1(f) or 13d-1(g), check the following box
¨
.
Note
. Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits.
See
Rule §240.13d-7(b) for
other parties to whom copies are to be sent.
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*
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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.
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**
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Not for trading, but only in connection with the registration of American Depositary Shares each representing 40 ordinary shares.
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***
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This CUSIP applies to the American Depositary Shares, each representing 40 ordinary shares.
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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 (the “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. 50047P104
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13D
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Page 2 of 11 Pages
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1
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NAME OF REPORTING PERSONS
IDG-Accel China Growth Fund II L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
¨
(b)
x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 50047P104
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13D
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Page 3 of 11 pages
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1
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NAME OF REPORTING PERSONS
IDG-Accel China Growth Fund II Associates L.P.
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
¨
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6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
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7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
0
|
9
|
SOLE DISPOSITIVE POWER
0
|
10
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SHARED DISPOSITIVE POWER
0
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11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
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¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 50047P104
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13D
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Page 4 of 11 pages
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1
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NAME OF REPORTING PERSONS
IDG-Accel China Growth Fund GP II Associates Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
¨
(b)
x
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3
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SEC USE ONLY
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4
|
SOURCE OF FUNDS
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
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¨
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6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
0
|
9
|
SOLE DISPOSITIVE POWER
0
|
10
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SHARED DISPOSITIVE POWER
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES
|
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14
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TYPE OF REPORTING PERSON
CO
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CUSIP No. 50047P104
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13D
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Page 5 of 11 pages
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1
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NAME OF REPORTING PERSONS
IDG-Accel China Investors II L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
OO
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5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
0
|
9
|
SOLE DISPOSITIVE POWER
0
|
10
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SHARED DISPOSITIVE POWER
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 50047P104
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13D
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Page 6 of 11 pages
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1
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NAME OF REPORTING PERSONS
Chi Sing Ho
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
o
(b)
x
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3
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SEC USE ONLY
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4
|
SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
100,409,160
(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 50047P104
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13D
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Page 7 of 11 pages
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1
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NAME OF REPORTING PERSONS
Quan Zhou
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
¨
(b)
x
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3
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SEC USE ONLY
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4
|
SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
0
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9
|
SOLE DISPOSITIVE POWER
0
|
10
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SHARED DISPOSITIVE POWER
0
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11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14
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TYPE OF REPORTING PERSON
IN
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Introductory Note
This Amendment No. 4 (this “
Amendment
No. 4
”) amends and supplements the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission
(the “
Commission
”) on February 5, 2016, as previously amended and supplemented by amendments to Schedule 13D
filed on February 17, 2016, August 26, 2016 and December 2, 2016 (as so amended, the “
Original Schedule 13D
”).
Except as amended and supplemented herein, the information set forth in the Original Schedule 13D remains unchanged. Capitalized
terms used herein have meanings as assigned thereto in the Original Schedule 13D, unless defined herein.
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Item 4.
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Purpose of Transaction.
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Item 4 of the Original Schedule 13D is hereby
amended and supplemented as follows:
On March 20, 2017, an extraordinary general
meeting of the shareholders of the Issuer was held at 10:00 a.m. (Beijing time) at 35th Floor, Tengda Plaza, No. 168, Xizhimenwai
Street, Beijing, 100044, the People’s Republic of China. At the extraordinary general meeting, the shareholders of the Issuer
authorized and approved the Merger Agreement, the plan of merger required to be filed with the Registrar of Companies of the Cayman
Islands (the “Plan of Merger”) and the transactions contemplated thereby, including the Merger, and the proposal to
authorize the directors to do all things necessary to give effect to the Merger Agreement.
On April 13, 2017, the Issuer and Merger
Sub filed the Plan of Merger with the Registrar of Companies of the Cayman Islands, which was registered by the Registrar of Companies
of the Cayman Islands as of April 13, 2017, pursuant to which the Merger became effective on April 13, 2017 (the “Effective
Time”). As a result of the Merger, the Issuer ceased to be a publicly traded company and became wholly owned by Parent.
At the Effective Time, each Share issued
and outstanding immediately prior to the Effective Time, other than (a) the Excluded Shares (as defined below) and (b) the Shares
held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger in
accordance with Section 238 of the Cayman Islands Companies Law (the “Dissenting Shares”), was cancelled in consideration
for the right to receive US$0.18875 in cash per Share without interest. Each ADS issued and outstanding immediately prior to the
Effective Time, other than ADSs representing the Excluded Shares, was cancelled in consideration for the right to receive US$7.55
in cash per ADS without interest. “Excluded Shares” means, collectively, (i) the Shares held by the Rollover Shareholders
to be contributed to Parent pursuant to the Contribution Agreement; (ii) the Shares held by Parent, the Issuer or any of their
subsidiaries; and (iii) the Shares (including ADSs corresponding to such Shares) held by the depositary bank and reserved for issuance
and allocation pursuant to the share incentive plan of the Issuer. Each of the Excluded Shares was cancelled and cease to exist
at the Effective Time without payment of any consideration or distribution therefor. The Dissenting Shares were cancelled and each
holder thereof is entitled to receive only the payment of the fair value of such Dissenting Shares in accordance with Section 238
of the Cayman Islands Companies Law.
In addition to the foregoing, at the Effective
Time, the Issuer terminated the share incentive plans adopted by the Issuer in 2002, 2006 and 2013, respectively, and all amendments
and modifications thereto (the “Share Incentive Plans”), terminated all relevant award agreements applicable to the
Share Incentive Plans, cancelled all options to purchase Shares or ADSs (the “Issuer Options”) under the Share Incentive
Plans that are then outstanding and unexercised, whether or not vested or exercisable, all restricted share units (the “RSUs”)
that are then outstanding and unvested, and all warrants (the “Issuer Warrants”) that are then outstanding and unexercised,
whether or not vested or exercisable. Each former holder of (i) such cancelled Issuer Options shall have the right to receive an
amount in cash equal to the excess of US$0.18875 over the applicable per share exercise price of such Issuer Options multiplied
by the number of Shares underlying such Issuer Options, (ii) such cancelled RSUs shall have the right to receive a cash amount
equal to US$0.18875 multiplied by the number of RSUs, and (iii) such cancelled Issuer Warrants shall have the right to receive
an amount in cash equal to the excess of US$0.18875 over the applicable per share exercise price of such Issuer Warrants multiplied
by the number of Shares underlying such Issuer Warrants.
Following the completion of the Merger,
the Issuer will cease to have ADSs listed on any securities exchange or quotation system, including the NASDAQ Global Select Market,
after the filing of Form 25. In addition, ninety (90) days after the filing of Form 15 in connection with the completion of the
Merger or such shorter period as may be determined by the Commission, registration of the ADSs under the Securities Exchange Act
of 1934, as amended, will be terminated.
As a result of these transactions, the Reporting
Persons no longer beneficially own any Shares.
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Item 5.
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Interest in Securities of the Issuer
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Item 5 is hereby amended and restated in
its entirety as follows:
(a)-(b) As of the date of this Amendment,
the Reporting Persons do not beneficially own any Shares or have any voting power or dispositive power over any Shares.
(c) Except as described herein, none of
the Reporting Persons has effected any transaction in the Shares during the 60-day period prior to the filing of this Amendment.
(d) Not applicable.
(e) April 13, 2017
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: April 14, 2017
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IDG-ACCEL CHINA GROWTH FUND II L.P.
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By:
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/s/ Quan Zhou
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Name: Quan Zhou
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Title: Authorised Signatory
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IDG-ACCEL CHINA GROWTH FUND II
ASSOCIATES L.P.
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By:
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/s/ Quan Zhou
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Name: Quan Zhou
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Title: Authorised Signatory
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IDG-ACCEL CHINA INVESTORS II L.P.
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By:
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/s/ Quan Zhou
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Name: Quan Zhou
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Title: Authorised Signatory
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IDG-ACCEL CHINA GROWTH FUND GP II
ASSOCIATES LTD.
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By:
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/s/ Quan Zhou
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Name: Quan Zhou
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Title: Authorised Signatory
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CHI SING HO
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By:
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/s/ Chi Sing Ho
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Name: Chi Sing Ho
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QUAN ZHOU
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By:
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/s/ Quan Zhou
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Name: Quan Zhou
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