The following information with respect to the ownership of the ordinary shares by each of the reporting persons is provided as ofDecember 31, 2023.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Amount
beneficially
owned | | | Percent
of class | | | Percent of
aggregate
voting
power | | | 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 | |
| Calvin Choi | | | 79,643,248 | | | | 16.7 | % | | | 48.7 | % | | | 15,059,470 | | | | 64,583,778 | | | | 15,059,470 | | | | 64,583,778 | |
| Infinity Power Investments Limited | | | 79,643,248 | | | | 16.7 | % | | | 48.7 | % | | | 15,059,470 | | | | 64,583,778 | | | | 15,059,470 | | | | 64,583,778 | |
Pursuant to Rule 13d-3(d)(1), all Class B ordinary shares (whichare convertible into Class A ordinary shares) were deemed to be converted for the purpose of (i) determining the aggregate amount of Class A ordinary shares beneficially owned by the reporting person and (ii) calculating thepercentages of the Class A ordinary shares beneficially owned by the reporting person. The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 476,292,714 issued and outstandingordinary shares (consisting of 242,765,735 Class A ordinary shares and 233,526,979 Class B ordinary shares) of the Company as of December 31, 2023 as a single class. In computing the percentage ownership of the reporting persons, wehave included, where applicable, shares that the reporting persons have the right to acquire within 60 days, including through the exercise of any option, warrant, or other right or the conversion of any other security, after December 31, 2023.
As of December 31, 2023, Calvin Choi held 100% of the issued and outstanding shares of Infinity Power Investments Limited, which inturn held (i) 15,059,470 Class B ordinary shares of the Company and (ii) 34.9% of the issued and outstanding shares of AMTD Group Inc., which in turn held 46,340,530 Class A ordinary shares and 138,501,179 Class B ordinary shares ofthe Company. Each of Infinity Power Investments Limited and AMTD Group Inc. is a British Virgin Islands company. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Calvin Choi maybe deemed to beneficially own all of the shares held by Infinity Power Investments Limited.
For each reporting person, percentage ofaggregate voting power is calculated by dividing the voting power beneficially owned by such reporting person by the voting power of all of the Company’s Class A ordinary shares and Class B ordinary shares as a single class.
| 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 theParent 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.
