UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Quhuo Limited
(Name of Issuer)
Class A Ordinary Shares, par value US$0.0001
per share
(Title of Class of Securities)
74841Q
209**
(CUSIP Number)
Genan Tech Limited
Craigmuir Chambers, Road Town
Tortola, VG 1110, British Virgin Islands
Attention: Ahmed Mohamed Aly Mohamed
+852 2134-9819
(Name, Address and Telephone Number of Person Authorized
to
Receive Notices and Communications)
August 8, 2024
(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 Sections 240.13d-1(e), Sections 240.13d-1(f) or Sections 240.13d-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
Section 240.13d-7 for other parties to whom copies are to be sent.
| * | 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. |
| ** | This
CUSIP applies to the American Depositary Shares (“ADSs”) of Issuer, each of which represents ten Class A ordinary shares
of Issuer, par value 0.0001 per share (“Class A Ordinary Shares”). No CUSIP has been assigned to the Class A Ordinary
Shares. |
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,
as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject
to all other provisions of the Exchange Act (however, see the Notes).
| 1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
Genan Tech Limited |
| |
|
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
|
| |
(see instructions) |
(a) |
¨ |
| |
|
(b) |
¨ |
| |
|
|
|
| 3 |
SEC USE ONLY |
|
|
| |
|
|
|
| |
|
|
|
| 4 |
SOURCE OF FUNDS* (see instructions) |
|
| |
OO |
|
|
| |
|
|
|
| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
¨ |
| |
|
|
|
| |
|
|
|
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
| |
British Virgin Islands |
|
|
| |
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE VOTING POWER |
| |
0 |
| |
|
| 8 |
SHARED VOTING POWER |
| |
265,158,422 Class A Ordinary Shares |
| |
|
| 9 |
SOLE DISPOSITIVE POWER |
| |
0 |
| |
|
| 10 |
SHARED DISPOSITIVE POWER |
| |
265,158,422 Class A Ordinary Shares (1) |
| |
|
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
265,158,422 Class A Ordinary Shares (1) |
| |
|
| 12 |
CHECK IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨ |
| |
(see instructions) |
| |
|
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| |
Approximately 29.77% of total outstanding ordinary shares of Issuer (“Ordinary Shares” which comprise Class A Ordinary Shares and/or Class B ordinary shares, par value US$0.0001 per share (“Class B Ordinary Shares”), of Issuer), assuming conversion of all outstanding Class B Ordinary Shares into the same number of Class A Ordinary Shares (2) |
| |
|
| 14 |
TYPE OF REPORTING PERSON* (see instructions) |
| |
CO |
| |
|
| (1) | Consists of 265,158,422 Class A Ordinary Shares held
by Genan Tech Limited, which were acquired by Genan Tech Limited on August 8, 2024. Ahmed Mohamed Aly Mohamed holds a 100% equity
interest in Genan Tech Limited, serves as its director, and is deemed to beneficially own the 265,158,422 Class A Ordinary Shares
held by Genan Tech Limited. |
| (2) | Percentage calculated
based on existing 896,950,139 Ordinary Shares as a single class (including 890,653,509 Class A Ordinary Shares and 6,296,630 Class B
Ordinary Shares outstanding as of September 6, 2024, as reported in Issuer’s Form F-3 filed with the U.S. Securities
and Exchange Commission (“SEC”) on September 6, 2024). |
| 1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
Ahmed Mohamed Aly Mohamed |
| |
|
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
|
|
| |
(see instructions) |
(a) |
¨ |
| |
|
(b) |
¨ |
| |
|
|
|
| 3 |
SEC USE ONLY |
|
|
| |
|
|
|
| |
|
|
|
| 4 |
SOURCE OF FUNDS* (see instructions) |
|
|
| |
OO |
|
|
| |
|
|
|
| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
¨ |
| |
|
|
|
| |
|
|
|
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
| |
Egypt |
|
|
| |
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE VOTING POWER |
| |
|
| |
|
| 8 |
SHARED VOTING POWER |
| |
265,158,422 Class A Ordinary Shares (1) |
| |
|
| 9 |
SOLE DISPOSITIVE POWER |
| |
|
| |
|
| 10 |
SHARED DISPOSITIVE POWER |
| |
265,158,422 Class A Ordinary Shares (1) |
| |
|
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
265,158,422 Class A Ordinary Shares |
| |
|
| 12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨ |
| |
(see instructions) |
| |
|
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| |
Approximately 29.77% of total outstanding Ordinary Shares, assuming conversion of all outstanding Class B Ordinary Shares into the same number of Class A Ordinary Shares (2) |
| |
|
| 14 |
TYPE OF REPORTING PERSON* (see instructions) |
| |
IN |
| |
|
| (1) | Consists of 265,158,422 Class A Ordinary Shares held
by Genan Tech Limited, which were acquired by Genan Tech Limited on August 8, 2024. Ahmed Mohamed Aly Mohamed beneficially holds
a 100% equity interest in Genan Tech Limited and serves as its director, and is deemed to beneficially own the 265,158,422 Class A
Ordinary Shares held by Genan Tech Limited. |
| (2) | Percentage calculated
based on existing 896,950,139 Ordinary Shares as a single class (including 890,653,509 Class A Ordinary Shares and 6,296,630 Class B
Ordinary Shares outstanding as of September 6, 2024, as reported in Issuer’s Form F-3 filed with the SEC on September 6,
2024). |
| Item 1. Security and Issuer. |
This Schedule 13D relates to the Class A
Ordinary Shares. Issuer’s principal executive office address is 3F, Building A, Xin’anmen,
No. 1 South Bank, Huihe South Street, Chaoyang District. Beijing, People’s Republic of China. Issuer’s ADSs representing
Class A Ordinary Shares are listed on the Nasdaq Global Market under the symbol “QH.”
The information set forth in response to each
Item below shall be deemed to be a response to all Items where such information is relevant.
| Item 2. Identity and Background. |
| (a) | This Schedule 13D is being filed jointly by (1) Genan
Tech Limited, a company incorporated in BVI and (2) Ahmed Mohamed Aly Mohamed, the beneficial owner of 100% equity interest and
sole director of Genan Tech Limited (together, the “Reporting Persons”). |
| (b) | The address of the principal office of Genan Tech Limited
is Craigmuir Chambers, Road Town, Tortola, VG 1110, BVI.
The business address of Ahmed Mohamed Aly Mohamed is 9 Darb EI Ibiari EL Darb EI Ahma Egyptian. |
| (c) | Genan Tech Limited is engaged in vehicle import and export
business.
Ahmed Mohamed Aly Mohamed is the beneficial owner of 100% equity interest in and the sole director of Genan Tech Limited. |
| (d) | During the last five years, none of the Reporting Persons
named in this Item 2 has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the last five years, none of the Reporting Persons
named in this Item 2 has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a
result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (f) | Genan Tech Limited is a corporation incorporated under BVI
laws. Ahmed Mohamed Aly Mohamed is a citizen of Egypt. |
The Reporting Persons have executed
a Joint Filing Agreement, dated October 15, 2024, with respect to the joint filing of this Schedule 13D, and any amendment or amendments
hereto, a copy of which is attached hereto as Exhibit 1.
| Item 3. Source and Amount of Funds or Other Consideration. |
The Reporting Persons acquired the Class A
Ordinary Shares reported herein in exchange for consideration under the Acquisition (defined below) in the amount of $9,306,000. The information
set forth in Item 4 is incorporated by reference in its entirety into this Item 3.
| Item 4. Purpose of Transaction. |
On July 1, 2024, Genan Tech Limited entered
into an equity acquisition agreement (the “Acquisition Agreement”) with Issuer, among other parties, pursuant to which Issuer
acquired approximately 9.90 % equity interest in Quhuo International Trade (HK) Limited from Genan Tech Limited (the “Acquisition”),
for a total consideration of US$9,306,000, which was paid by Issuer by issuing a senior convertible promissory note (the “Convertible
Note”) to Genan Tech Limited in the principal amount of US$9,306,000.
Subsequently, on August 8, 2024, Genan Tech
Limited elected to convert the principal under Convertible Note into Class A Ordinary Shares, at the fixed conversion price as contemplated
in the Convertible Note, resulting in an issuance of a total of 265,158,422 Class A Ordinary Shares to Genan Tech Limited on the
same day.
The Reporting Persons acquired the securities
because of the belief that the Class A Ordinary Shares represent an attractive investment opportunity. The Reporting Persons may,
from time to time, take such actions regarding their investment in Issuer as they deem appropriate. These actions may include purchasing
or selling securities of Issuer depending upon an ongoing evaluation of the investment in these securities, prevailing market conditions,
other investment opportunities, other investment considerations and/or other factors.
Based on the transactions and relationships described
herein, the Reporting Persons may be deemed to constitute a “group” for purposes of Section 13(d)(3) of the Exchange
Act. The filling of this Schedule 13D shall not be construed as an admission that the Reporting Persons are a group, or have agreed to
act as a group, and the existence of any such group is expressly disclaimed.
| Item 5. Interest in Securities of the Issuer. |
| (a) | See rows (11) and (13) of the cover pages to this Schedule
13D for the aggregate number of Class A Ordinary Shares and percentages of the Class A Ordinary Shares beneficially owned by
each of the Reporting Persons. Percentage calculated based on existing 896,950,139 Ordinary Shares
as a single class (including 890,653,509 Class A Ordinary Shares and 6,296,630 Class B Ordinary Shares outstanding as of September 6,
2024, as reported in Issuer’s Form F-3 filed with the SEC on September 6, 2024). |
(1) Sole Voting Power: 0
(2) Shared Voting Power: 265,158,422 Class A Ordinary
Shares
(3) Sole Dispositive Power: 0
(4) Shared Dispositive Power: 265,158,422 Class A
Ordinary Shares
Ahmed Mohamed Aly Mohamed:
(1) Sole Voting Power: 0
(2) Shared Voting Power: 265,158,422 Class A Ordinary
Shares
(3) Sole Dispositive Power: 0
(4) Shared Dispositive Power: 265,158,422 Class A
Ordinary Shares
| (c) | Except as described in this Schedule 13D, during the past
60 days, none of the Reporting Persons has effected any transactions in the Class A Ordinary Shares. |
| Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Other than the exhibits hereto, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons named in Item 2 hereof and between such
Reporting Persons and any person with respect to any securities of Issuer, including but not limited to transfer or voting of any other
securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits
or loss, or the giving or withholding of proxies.
| Item 7. Material to be Filed as Exhibits. |
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.
| |
Genan Tech Limited |
| |
|
| |
/s/ Ahmed Mohamed Aly Mohamed |
| |
Name |
| |
|
| |
Director |
| |
Title |
| |
|
| |
October 15, 2024 |
| |
Date |
| |
Ahmed Mohamed Aly Mohamed |
| |
|
| |
/s/ Ahmed Mohamed Aly Mohamed |
| |
Name |
| |
|
| |
October 15, 2024 |
| |
Date |
Exhibit 1
JOINT FILING AGREEMENT
AGREEMENT
dated as of October 15, 2024 by and between Genan Tech Limited, a British Virgin Islands company, and Ahmed Mohamed Aly Mohamed
(together, the “Parties”).
Each
Party hereto represents to the other Party that it is eligible to use Schedule 13D to report its beneficial ownership of Class A
ordinary shares, $0.0001 par value per share, of Quhuo Limited. Each Party hereto agrees that the Schedule 13D, dated October 15, 2024, relating to such beneficial ownership, is filed on behalf of each of them.
Each of the Parties agrees
to be responsible for the timely filing of the Schedule 13D and any and all amendments thereto and for the completeness and accuracy of
the information concerning itself contained in the Schedule 13D, and the other Party to the extent it knows or has reason to believe that
any information about the other Party is inaccurate.
| Date: October 15,
2024 |
GENAN TECH
LIMITED |
| |
|
|
| |
By: |
/s/
Ahmed Mohamed Aly Mohamed |
| |
|
Name: Ahmed
Mohamed Aly Mohamed |
| |
|
Title: Director |
| Date:
October 15, 2024 |
|
/s/
Ahmed Mohamed Aly Mohamed |
| |
|
Ahmed
Mohamed Aly Mohamed |
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