Summary by Moomoo AI
On June 17, 2024, Big Benefit Ltd., a company organized under the laws of Hong Kong, filed a Schedule 13G with the United States Securities and Exchange Commission (SEC), indicating a significant ownership stake in U Power Limited, a company with Class A ordinary shares publicly traded under the CUSIP Number G9520U116. The filing revealed that Big Benefit Ltd., through its sole shareholder On Kiu Chow, holds 419,289 Class A ordinary shares, representing 15.03% of the class. This stake amounts to 2.88% of the total voting power of U Power Limited, considering both Class A and Class B shares. The filing was made in accordance with Rule 13d-1(d) of the Securities Exchange Act of 1934, which is used for passive investors. The address for both Big Benefit Ltd. and On Kiu Chow is listed as Room 2508, CC Wu Building, 302-308 Hennessy Road, Wanchai, Hong Kong. The filing also includes a certification by On Kiu Chow, dated October 15, 2024, stating that the shares were not acquired for the purpose of changing or influencing the control of U Power Limited.
