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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13G
(Rule 13d-102)
Information to Be Included in Statements Filed Pursuant to Rules 13d-1 (b), (c) and (d) and
Amendments Thereto Filed Pursuant To 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1) *
TAL Education Group
(Name of Issuer)
Class A Common Shares, US$0.001 par value per share
(Title of Class of Securities)
G8663P 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) |
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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).
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Name of Reporting Person | |||
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Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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3 |
SEC Use Only | |||
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4 |
Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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9 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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10 |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
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Percent of Class Represented by Amount in Row 9 | |||
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Type of Reporting Person | |||
(1) Represents 8,812,500 Class B common shares held by Perfect Wisdom International Limited, a British Virgin Islands company, that are convertible into 8,812,500 Class A common shares. Each Class B common share is convertible at the option of the holder into one Class A common share, whereas Class A common shares are not convertible into Class B common shares under any circumstances. The rights of the holders of Class A common shares and Class B common shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B common share is entitled to ten votes per share, whereas each Class A common share is entitled to one vote per share.
(2) Based on 68,314,150 Class A common shares outstanding as of December 31, 2012 and assuming all Class B common shares held by such reporting person are converted into the same number of Class A common shares.
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Name of Reporting Person | |||
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Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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3 |
SEC Use Only | |||
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4 |
Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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8 |
Shared Dispositive Power | ||||
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9 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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10 |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
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Percent of Class Represented by Amount in Row 9 | |||
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Type of Reporting Person | |||
(3) Represents 8,812,500 Class B common shares held by Perfect Wisdom International Limited, a British Virgin Islands company, that are convertible into 8,812,500 Class A common shares and 312,500 Class A common share held by Yachao Liu. Each Class B common share is convertible at the option of the holder into one Class A common share, whereas Class A common shares are not convertible into Class B common shares under any circumstances. The rights of the holders of Class A common shares and Class B common shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B common share is entitled to ten votes per share, whereas each Class A common share is entitled to one vote per share.
(4) Based on 68,314,150 Class A common shares outstanding as of December 31, 2012 and assuming all Class B common shares held by such reporting person are converted into the same number of Class A common shares.
Item 1(a). |
Name of Issuer: | |
Item 1(b). |
Address of Issuers Principal Executive Offices: 32 Zhongguancun Avenue, Haidian District Beijing 100080 The Peoples Republic of China | |
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Item 2(a). |
Name of Person Filing:
Yachao Liu | |
Item 2(b). |
Address of Principal Business Office or, if none, Residence: c/o Yachao Liu 18/F, Hesheng Building 32 Zhongguancun Avenue, Haidian District Beijing 100080 The Peoples Republic of China
Yachao Liu 18/F, Hesheng Building 32 Zhongguancun Avenue, Haidian District Beijing 100080 The Peoples Republic of China | |
Item 2(c) |
Citizenship: Yachao Liu The Peoples Republic of China | |
Item 2(d). |
Title of Class of Securities: | |
Item 2(e). |
CUSIP Number: | |
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Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a: | |
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Not applicable | |
Item 4. |
Ownership: |
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The following information with respect to the ownership of the common shares of the issuer by each of the reporting persons is provided as of December 31, 2012. The table below is prepared based on 68,314,150 shares of Class A common shares and 87,806,000 shares of Class B common shares outstanding as of December 31, 2012. |
For Perfect Wisdom International Limited
Reporting Person: Perfect Wisdom International Limited |
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Class A |
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Class B |
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Total common |
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Percentage of |
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(a) Amount beneficially owned |
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8,812,500 |
(1) |
8,812,500 |
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8,812,500 |
(1) |
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(b) Percent of class: |
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11.4 |
%(1)(2) |
10.0 |
%(3) |
5.6 |
%(4) |
9.3 |
%(5) |
(c) Number of shares as to which the person has: |
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(i) Sole power to vote or to direct the vote |
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8,812,500 |
(1) |
8,812,500 |
(1) |
8,812,500 |
(1) |
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(ii) Shared power to vote or to direct the vote |
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0 |
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0 |
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0 |
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(iii) Sole power to dispose or to direct the disposition of |
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8,812,500 |
(1) |
8,812,500 |
(1) |
8,812,500 |
(1) |
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(iv) Shared power to dispose or to direct the disposition of |
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0 |
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0 |
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0 |
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Notes:
(1) |
Represents 8,812,500 Class B common shares held by the reporting person that are convertible into 8,812,500 Class A common shares at any time at the option of the reporting person. Pursuant to Rule 13d-3(d)(1), all shares of Class B common shares (which are convertible into shares of Class A common shares) held by the reporting person shall be deemed to be converted for the purposes of (i) determining the aggregate amount of shares of Class A common shares beneficially owned by the reporting person and (ii) calculating the percentages of the Class A common shares owned by such person. |
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(2) |
To derive this percentage, (x) the numerator is 8,812,500, being 8,812,500 Class A common shares that are convertible from the same number of Class B common shares held by the reporting person, and (y) the denominator is the sum of (i) 68,314,150, being the numbers of the Companys total Class A common shares outstanding as of December 31, 2012 and (ii) 8,812,500, being the number of Class A common shares that the reporting person has the rights to acquire upon conversion of the same number of Class B common shares held by the reporting person. |
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(3) |
To derive this percentage, (x) the numerator is 8,812,500, being the number of Class B common shares held by the reporting person, and (y) the denominator is 87,806,000, being the number of the Companys total Class B common shares outstanding as of December 31, 2012. |
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(4) |
To derive this percentage, (x) the numerator is 8,812,500, being 8,812,500 Class A common shares that are convertible from the same number of Class B common shares held by the reporting person, and (y) the denominator is the sum of (i) 68,314,150, being the number of the Companys total Class A common shares outstanding as of December 31, 2012 and (ii) 87,806,000, being the number of the Companys total Class B common shares outstanding as of December 31, 2012 that are convertible into the same number of Class A common shares. |
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(5) |
Percentage of aggregate voting power represents voting power of all common shares held by the reporting person with respect to all outstanding shares of our Class A and Class B common shares. Each holder of our Class A common shares is entitled to one vote per Class A common share. Each holder of our Class B common shares is entitled to ten votes per Class B common share. |
For Yachao Liu
Reporting Person: Yachao Liu |
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Class A |
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Class B |
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Total common |
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Percentage of |
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(a) Amount beneficially owned |
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9,125,000 |
(1) |
8,812,500 |
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9,125,000 |
(1) |
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(b) Percent of class: |
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11.8 |
%(1)(2) |
10.0 |
%(3) |
5.8 |
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9.3 |
%(5) |
(c) Number of shares as to which the person has: |
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(i) Sole power to vote or to direct the vote |
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9,125,000 |
(1) |
8,812,500 |
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9,125,000 |
(1) |
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(ii) Shared power to vote or to direct the vote |
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0 |
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0 |
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0 |
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(iii) Sole power to dispose or to direct the disposition of |
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9,125,000 |
(1) |
8,812,500 |
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9,125,000 |
(1) |
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(iv) Shared power to dispose or to direct the disposition of |
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0 |
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0 |
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0 |
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Notes:
(1) |
Represents 8,812,500 Class B common shares held by the reporting person that are convertible into 8,812,500 Class A common shares at any time at the option of the reporting person and 312,500 Class A common shares held by the reporting person. Pursuant to Rule 13d-3(d)(1), all shares of Class B common shares (which are convertible into shares of Class A common shares) held by the reporting person shall be deemed to be converted for the purposes of (i) determining the aggregate amount of shares of Class A common shares beneficially owned by the reporting person and (ii) calculating the percentages of the Class A common shares owned by such person. |
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(2) |
To derive this percentage, (x) the numerator is 9,125,000, being (i) 8,812,500 Class A common shares that are convertible from the same number of Class B common shares held by the reporting person and (ii) 312,500 Class A common shares held by the reporting person, and (y) the denominator is the sum of (i) 68,314,150, being the numbers of the Companys total Class A common shares outstanding as of December 31, 2012 and (ii) 8,812,500, being the number of Class A common shares that the reporting person has the rights to acquire upon conversion of the same number of Class B common shares held by the reporting person, and (iii) 312,500 Class A common shares held by the reporting person. |
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(3) |
To derive this percentage, (x) the numerator is 8,812,500, being the number of Class B common shares held by the reporting person, and (y) the denominator is 87,806,000, being the number of the Companys total Class B common shares outstanding as of December 31, 2012. |
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(4) |
To derive this percentage, (x) the numerator is 9,125,000, being (i) 8,812,500 Class A common shares that are convertible from the same number of Class B common shares held by the reporting person and (ii) 312,500 Class A common shares held by the reporting person, and (y) the denominator is the sum of (i) 68,314,150, being the number of the Companys total Class A common shares outstanding as of December 31, 2012 and (ii) 87,806,000, being the number of the Companys total Class B common shares outstanding as of December 31, 2012 that are convertible into the same number of Class A common shares. |
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(5) |
Percentage of aggregate voting power represents voting power of all common shares held by the reporting person with respect to all outstanding shares of our Class A and Class B common shares. Each holder of our Class A common shares is entitled to one vote per Class A common share. Each holder of our Class B common shares is entitled to ten votes per Class B common share. |
Item 5. |
Ownership of Five Percent or Less of a Class: |
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Not applicable |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person: |
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Not applicable |
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Controlling Person: |
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Not applicable |
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Item 8. |
Identification and Classification of Members of the Group: |
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Not applicable |
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Item 9. |
Notice of Dissolution of Group: |
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Not applicable |
Item 10. |
Certifications: |
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Not applicable |
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: February 14, 2013 |
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Perfect Wisdom International Limited |
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By: |
/s/Yachao Liu |
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Name: |
Yachao Liu |
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Title: |
Director |
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Yachao Liu |
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/s/ Yachao Liu | |
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Yachao Liu |
Exhibit A
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 common shares, with US$ 0.001 per share, of TAL Education Group, a Cayman Islands 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.
[Remainder of this page has been left intentionally blank.]
Signature Page
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 14, 2011.
Perfect Wisdom International Limited |
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By: |
/s/Yachao Liu |
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Name: |
Yachao Liu |
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Title: |
Director |
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Yachao Liu |
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/s/Yachao Liu | |
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Yachao Liu |