SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

Information to be Included in Statements Filed Pursuant to §240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to §240.13d-2.

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

 

CNinsure Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

G2352K 108

(CUSIP Number)

December 31, 2012

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

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).

 



 

CUSIP No. G2352K 108

 

 

1

Name of Reporting Person
Yinan Hu

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

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
10,070,000 ordinary shares

 

6

Shared Voting Power
183,198,110 ordinary shares

 

7

Sole Dispositive Power
10,070,000 ordinary shares

 

8

Shared Dispositive Power
183,198,110 ordinary shares

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
193,268,110 ordinary shares

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
19.3%1

 

 

12

Type of Reporting Person
IN

 


1  Based on a total of 998,861,526 outstanding ordinary shares of the Issuer as of December 31, 2012.

 

2



 

CUSIP No. G2352K 108

 

 

1

Name of Reporting Person
Sea Synergy Limited

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

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
183,198,110 ordinary shares

 

6

Shared Voting Power
0

 

7

Sole Dispositive Power
183,198,110 ordinary shares

 

8

Shared Dispositive Power
0

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
183,198,110 ordinary shares

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
18.3%2

 

 

12

Type of Reporting Person
CO

 


2  Based on a total of 998,861,526 outstanding ordinary shares of the Issuer as of December 31, 2012.

 

3



 

CUSIP No. G2352K 108

 

Item 1(a).

Name of Issuer:

 

CNinsure Inc. (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

22/F, Yinhai Building

No. 299 Yanjiang Zhong Road

Guangzhou, Guangdong 510110

People’s Republic of China

 

 

Item 2(a).

Name of Person Filing:

Yinan Hu

Sea Synergy Limited

 

Item 2(b).

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

Yinan Hu

Sea Synergy Limited

CNinsure Inc.

22/F, Yinhai Building

No. 299 Yanjiang Zhong Road

Guangzhou, Guangdong 510110

People’s Republic of China

 

Item 2(c)

Citizenship:

Yinan Hu – People’s Republic of China

Sea Synergy Limited - British Virgin Islands

 

Item 2(d).

Title of Class of Securities:

Ordinary Shares

 

Item 2(e).

CUSIP Number:

G2352K 108

 

 

Item 3.

Not Applicable

 

4



 

CUSIP No. G2352K 108

 

Item 4.

Ownership:

 

The following information with respect to the ownership of the ordinary shares of the Issuer by each of the reporting persons is provided as of December 31, 2012:

 

 

 

Reporting Person

 

Amount 
beneficially 
owned:

 

Percent of 
class:
 (2)

 

Sole power
to vote or 
direct the 
vote:

 

Shared 
power to 
vote or to 
direct 
the vote:

 

Sole power to 
dispose or to 
direct the 
disposition 
of:

 

Shared power 
to dispose or to 
direct the 
disposition of:

 

 

Yinan Hu(1)

 

193,268,110

 

19.3

%

10,070,000

 

183,198,110

 

10,070,000

 

183,198,110

 

 

Sea Synergy Limited(1)

 

183,198,110

 

18.3

%

183,198,110

 

0

 

183,198,110

 

0

 

 


 

(1)         The 193,268,110 ordinary shares of the Issuer beneficially owned by Yinan Hu consist of 183,198,110 ordinary shares that are directly held by Sea Synergy Limited (“Sea Synergy”) and 10,070,000 ordinary shares in the form of American Depositary Shares that were acquired by Mr. Hu on the open market.  Mr. Hu and his wife, Hui Li, hold approximately 98.6% and 1.4%, respectively, of the total outstanding shares of Sea Synergy.  Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Mr. Hu may be deemed to beneficially own all of the ordinary shares of the Issuer held by Sea Synergy. Mr. Hu disclaims beneficial ownership of all of the ordinary shares of the Issuer held by Sea Synergy except to the extent of his pecuniary interest therein.

 

54,959,433 of the ordinary shares beneficially owned by Mr. Hu through Sea Synergy are currently pledged under a loan from an individual. The loan was entered into in November 2012 and has a term of one year. Mr. Hu intends to use the loan to purchase stock of the Issuer on the open market from time to time.

 

(2)         Based on a total of 998,861,526 outstanding ordinary shares of the Issuer as of December 31, 2012.

 

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.

Certification:

 

Not applicable

 

5



 

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.

 

 

Dated: January 22, 2013

 

 

 

 

 

Yinan Hu

/s/ Yinan Hu

 

Yinan Hu

 

 

 

 

Sea Synergy Limited

By:

/s/ Yinan Hu

 

Name: Yinan Hu

 

Title:   Chairman

 

[Signature Page to Schedule 13G - CNinsure]

 

6



 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

 

 

 

99.1

 

Joint Filing Agreement

 

7


Exhibit 99.1

 

Joint Filing Agreement

 

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the ordinary shares of CNinsure Inc., a Cayman Islands exempted company, and that this Agreement may be included as an Exhibit to such joint filing.  This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 



 

Signature Page

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of January 22, 2013

 

 

Yinan Hu

/s/ Yinan Hu

 

Yinan Hu

 

 

 

 

Sea Synergy Limited

By:

/s/ Yinan Hu

 

Name: Yinan Hu

 

Title:   Chairman

 

[Signature Page to Joint Filing Agreement]