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SCHEDULE 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

GigaCloud Technology Inc

(Name of Issuer)

Class A Ordinary Shares, par value US$0.05 per share

(Title of Class of Securities)

G38644 103

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

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

☐¨ Rule 13d-1(b)

☐   Rule 13d-1(c)

☒   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. G38644 103    SCHEDULE 13G    Page 1 of 8

 

  1.    

  Names of Reporting Persons

 

  Red Star Macalline Group Corporation Limited

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  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

 

  2,943,786

   6.   

  Shared Voting Power

 

  0

   7.   

  Sole Dispositive Power

 

  2,943,786

   8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  2,943,786

10.  

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

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  9.4%

12.  

  Type of Reporting Person (See Instructions)

 

  CO

CUSIP No. G38644 103    SCHEDULE 13G    Page 2 of 8

 

  1.    

  Names of Reporting Persons

 

  Hong Kong Red Star Macalline Universal Home Furnishings Limited

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  Hong Kong

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.     

  Sole Voting Power

 

  2,943,786

   6.   

  Shared Voting Power

 

  0

   7.   

  Sole Dispositive Power

 

  2,943,786

   8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  2,943,786

10.  

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

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  9.4%

12.  

  Type of Reporting Person (See Instructions)

 

  CO

CUSIP No. G38644 103    SCHEDULE 13G    Page 3 of 8

 

  1.    

  Names of Reporting Persons

 

  Jianxing Che

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  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

 

  2,943,786

   6.   

  Shared Voting Power

 

  0

   7.   

  Sole Dispositive Power

 

  2,943,786

   8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  2,943,786

10.  

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

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  9.4%

12.  

  Type of Reporting Person (See Instructions)

 

  IN

CUSIP No. G38644 103    SCHEDULE 13G    Page 4 of 8

 

Item 1(a).

Name of Issuer:

GigaCloud Technology Inc

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

Unit A, 12/F, Shun Ho Tower, 24-30 Ice House Street, Central, Hong Kong

 

Item 2(a).

Name of Person Filing:

Red Star Macalline Group Corporation Limited

Hong Kong Red Star Macalline Universal Home Furnishings Limited

Jianxing Che

 

Item 2(b).

Address or Principal Business Office or, if None, Residence:

The principal business address of Red Star Macalline Group Corporation Limited and the business address of Mr. Jianxing Che is 8F, South Building, Block B, No.2, Lane 1466, Shenchang Road, Minhang District, Shanghai, China

The registered address of Hong Kong Red Star Macalline Universal Home Furnishings Limited is 31/F Tower Two Times Square, 1 Matheson Street, Causeway Bay, Hong Kong

 

Item 2(c).

Citizenship:

Red Star Macalline Group Corporation Limited—People’s Republic of China

Hong Kong Red Star Macalline Universal Home Furnishings Limited—Hong Kong

Jianxing Che—People’s Republic of China

 

Item 2(d).

Title of Class of Securities:

Class A ordinary shares, par value US$0.05 per share (“Class A Ordinary Shares”).

 

Item 2(e).

CUSIP Number:

G38644 103.

 

Item 3.

If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 

  (a)  ☐

Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

 

  (b)  ☐

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

 

  (c)  ☐

Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

 

  (d)  ☐

Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

  (e)  ☐

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

  (f)  ☐

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

  (g)  ☐

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

  (h)  ☐

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

  (i)  ☐

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

  (j)  ☐

A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

 

  (k)  ☐

Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

Not applicable.

CUSIP No. G38644 103    SCHEDULE 13G    Page 5 of 8

 

Item 4.

Ownership.

(a) to (c)

The ownership information presented below represents beneficial ownership of Class A Ordinary Shares as of the date of December 31, 2022, based upon 31,357,814 Class A Ordinary Shares outstanding as of September 30, 2022 as reported in the current report on Form 6-K furnished by the Issuer with the U.S. Securities and Exchange Commission on November 30, 2022.

 

                  Number of shares as to which the person has:  

Reporting Person

    Amount
beneficially
owned		      Percent
of class:		     Sole
power
to vote or
to 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:		  

Red Star Macalline Group Corporation Limited

      2,943,786        9.4 %      2,943,786        0        2,943,786        0  

Hong Kong Red Star Macalline Universal Home Furnishings Limited

      2,943,786        9.4 %      2,943,786        0        2,943,786        0  

Jianxing Che

      2,943,786        9.4 %      2,943,786        0        2,943,786        0  

As of December 31, 2022, the beneficial ownership of Red Star Macalline Group Corporation Limited included a total of 2,943,786 Class A Ordinary Shares held of record by Hong Kong Red Star Macalline Universal Home Furnishings Limited. Hong Kong Red Star Macalline Universal Home Furnishings Limited is wholly owned by Red Star Macalline Group Corporation Limited, a company established in China and a public company listed in Hong Kong (HKSE: 1528) and Shanghai (SSE: 601828). The controlling shareholder of Red Star Macalline Group Corporation Limited is Mr. Jianxing Che. Accordingly, Mr. Jianxing Che may be deemed to be the beneficial owner of the shares held by Hong Kong Red Star Macalline Universal Home Furnishings Limited.

 

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.

CUSIP No. G38644 103    SCHEDULE 13G    Page 6 of 8

 

Item 10.

Certification.

Not applicable.

CUSIP No. G38644 103    SCHEDULE 13G    Page 7 of 8

 

SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: January 19, 2023

 

Red Star Macalline Group Corporation Limited
By:   /s/ Jianxing Che
Name: Jianxing Che
Title: Chairman of Board of Directors and CEO
Hong Kong Red Star Macalline Universal Home Furnishings Limited
By:   /s/ Jianxing Che
Name: Jianxing Che
Title: Director and CEO
Jianxing Che
/s/ Jianxing Che

[Signature Page to Schedule 13G]

CUSIP No. G38644 103    SCHEDULE 13G    Page 8 of 8

 

LIST OF EXHIBITS

 

Exhibit
No.		  

Description

A   Joint Filing Agreement

 

EX-99.(A)

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 Class A ordinary shares, par value US$0.05 per share, of GigaCloud Technology Inc, a Cayman Islands exempted company with limited liability, 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

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of January 19, 2023.

 

Red Star Macalline Group Corporation Limited
By:   /s/ Jianxing Che
Name: Jianxing Che
Title: Chairman of Board of Directors and CEO
Hong Kong Red Star Macalline Universal Home Furnishings Limited
By:   /s/ Jianxing Che
Name: Jianxing Che
Title: Director and CEO
Jianxing Che
/s/ Jianxing Che

[Signature Page to 13G Joint Filing Agreement]