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Schedule 13G/Amendment No. 2

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

CNinsure Inc.
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
G2352K 108
(CUSIP Number)
December 31, 2009
(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)

     þ 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 the disclosures provided in a prior cover page.

The information required in 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 
   Page  
2 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS
Yinan Hu
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  People’s Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   236,121,3931 ordinary shares
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    236,121,3931 ordinary shares
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  236,121,393 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  25.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
 
1 Including (i) 216,121,393 ordinary shares of the issuer, and (ii) 20,000,000 ordinary shares of the issuer in the form of American Depositary Shares, each representing 20 ordinary shares of the issuer.

2

 

                     
CUSIP No.
  
G2352K 108 
   Page  
3 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS
Kingsford Resources Limited
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   236,121,3932 ordinary shares. High Rank Investments Limited may also be deemed to have sole voting power with respect to the above shares. (See Item 4)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   236,121,3932 ordinary shares. High Rank Investments Limited may also be deemed to have sole dispositive power with respect to the above shares. (See Item 4)
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  236,121,393 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  25.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
 
2 Including (i) 216,121,393 ordinary shares of the issuer, and (ii) 20,000,000 ordinary shares of the issuer in the form of American Depositary Shares, each representing 20 ordinary shares of the issuer.

3

 

                     
CUSIP No.
  
G2352K 108 
   Page  
4 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS
High Rank Investments Limited
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   236,121,3933 ordinary shares. Kingsford Resources Limited may also be deemed to have sole voting power with respect to the above shares. (See Item 4)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   236,121,3933 ordinary shares. Kingsford Resources Limited may also be deemed to have sole dispositive power with respect to the above shares. (See Item 4)
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  236,121,393 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  25.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
 
3 Including (i) 216,121,393 ordinary shares of the issuer, and (ii) 20,000,000 ordinary shares of the issuer in the form of American Depositary Shares, each representing 20 ordinary shares of the issuer.

4

 

                     
CUSIP No.
  
G2352K 108 
   Page  
5 
   of   
9 

 

           
1   NAMES OF REPORTING PERSONS
Qiuping Lai
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  People’s Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   236,121,3934 ordinary shares
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    236,121,3934 ordinary shares
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  236,121,393 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  25.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
 
4 Including (i) 216,121,393 ordinary shares of the issuer, and (ii) 20,000,000 ordinary shares of the issuer in the form of American Depositary Shares, each representing 20 ordinary shares of the issuer.

5

 

                     
CUSIP No.
  
G2352K 108 
   Page  
6 
   of   
9 
     
Item 1(a).
  Name of Issuer:
 
    
 
  CNinsure Inc.
 
    
Item 1(b).
  Address of Issuer’s Principal Executive Offices:
 
    
 
  21/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
Kingsford Resources Limited
High Rank Investments Limited
Qiuping Lai
 
    
Item 2(b).
  Address of Principal Business Office or, if None, Residence:
 
    
 
  Yinan Hu
Kingsford Resources Limited
High Rank Investments Limited
c/o Yinan Hu
CNinsure Inc.
21/F, Yinhai Building
No. 299 Yanjiang Zhong Road
Guangzhou, Guangdong 510110
People’s Republic of China
 
    
 
  Qiuping Lai
CNinsure Inc.
21/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
Kingsford Resources Limited — British Virgin Islands
High Rank Investments Limited — British Virgin Islands
Qiuping Lai — People’s Republic of China

 

 

 

                     
CUSIP No.
  
G2352K 108 
   Page  
7 
   of   
9 
     
Item 2(d).
  Title of Class of Securities:
 
    
 
  Ordinary Shares
 
    
Item 2(e).
  CUSIP Number:
 
    
 
  G2352K 108
 
    
Item 3.
  Not Applicable
 
    
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, 2009:
                                                 
                    Sole power     Shared power     Sole power to     Shared power to  
    Amount             to vote or     to vote or     dispose or to     dispose or to  
    beneficially     Percent     direct the     to direct the     direct the     direct the  
Reporting Person   owned:     of class:     vote:     vote:     disposition of:     disposition of:  
Yinan Hu (1)
     236,121,393       25.9 %     0       236,121,393       0       236,121,393  
Kingsford Resources Limited
     236,121,393       25.9 %     236,121,393       0       236,121,393       0  
High Rank Investments Limited (2)
     236,121,393       25.9 %     236,121,393       0       236,121,393       0  
Qiuping Lai (3)
     236,121,393       25.9 %     0       236,121,393       0       236,121,393  
     
(1)   The 236,121,393 ordinary shares of the issuer beneficially owned by Yinan Hu consist of 236,121,393 ordinary shares, including 20,000,000 ordinary shares in the form of American Depositary Shares, each representing 20 ordinary shares of the issuer, directly held by Kingsford Resources Limited (“Kingsford”). Approximately 93.3% of the total outstanding shares of Kingsford are held by High Rank Investments Limited (“High Rank”). Mr. Hu holds approximately 87.6% of the total outstanding shares of High Rank. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated thereunder, Mr. Hu may be deemed to beneficially own all of the ordinary shares of the issuer held by Kingsford. Mr. Hu disclaims beneficial ownership of all of the ordinary shares of the issuer held by Kingsford except to the extent of his pecuniary interest therein.
 
(2)   High Rank owns approximately 93.3% of the total outstanding shares of Kingsford. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, High Rank may be deemed to beneficially own all of the ordinary shares of the issuer held by Kingsford. High Rank disclaims beneficial ownership of the ordinary shares of the issuer held by Kingsford except to the extent of its pecuniary interest therein.

 

 

 

                     
CUSIP No.
  
G2352K 108 
   Page  
8 
   of   
9 
     
(3)   Qiuping Lai owns approximately 12.4% of the total outstanding shares of High Rank, which in turn holds 93.3% of the total outstanding shares of Kingsford. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, Mr. Lai may be deemed to beneficially own all of the ordinary shares of the issuer held by Kingsford. Mr. Lai disclaims beneficial ownership of the ordinary shares of the issuer held by Kingsford except to the extent of his pecuniary interest therein.
     
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:
 
    
 
  Better Rise Investment Limited (“Better Rise”) owns approximately 6.7% of the total outstanding shares of Kingsford, which holds approximately 25.9% of the total outstanding ordinary shares of the issuer. As such, the shareholders of Better Rise, through Better Rise and Kingsford, have the right to receive dividends from, and proceeds from the sale of, approximately 1.7% of the total outstanding ordinary shares of the issuer. The shareholders of Better Rise consist of three officers of the issuer, one former officer of the issuer, and Mr. Hu’s wife, who is also an employee of the issuer.
 
    
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

 

 

 

                     
CUSIP No.
  
G2352K 108 
   Page  
9 
   of   
9 
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 20, 2010
         
     
Yinan Hu  /s/ Yinan Hu    
  Yinan Hu   
     
 
     
Kingsford Resources Limited  By:   /s/ Yinan Hu    
    Name:   Yinan Hu   
    Title:   Director   
 
     
High Rank Investments Limited  By:   /s/ Qiuping Lai    
    Name:   Qiuping Lai   
    Title:   Director   
 
     
Qiuping Lai  /s/ Qiuping Lai    
  Qiuping Lai   
     
 

 

 

 

LIST OF EXHIBITS
     
Exhibit No.   Description
 
    
99.1
  Joint Filing Agreement

 

 

Exhibit 99.1
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, par value $0.001 per share, 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 to follow]

 

 

 

Signature Page
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of January 20, 2010.
         
     
Yinan Hu  /s/ Yinan Hu    
  Yinan Hu   
     
 
     
Kingsford Resources Limited  By:   /s/ Yinan Hu    
    Name:   Yinan Hu   
    Title:   Director   
 
     
High Rank Investments Limited  By:   /s/ Qiuping Lai    
    Name:   Qiuping Lai   
    Title:   Director   
 
     
Qiuping Lai  /s/ Qiuping Lai    
  Qiuping Lai