UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ZHONG YUAN
BIO-TECHNOLOGY HOLDINGS LIMITED |
(Name of Issuer) |
|
Ordinary shares, $0.001 par value |
(Title of Class of Securities) |
|
G989A3109 |
(CUSIP Number) |
|
Henry F. Schlueter, Esq.
Schlueter & Associates,
P.C.
5655 S. Yosemite Street, Suite
350
Greenwood Village, CO 80111
Tel: 303-292-3883
|
(Name/Address/Telephone Number of Person Authorized
to Receive Notices and Communications) |
|
August
31, 2019 through July 15, 2022 |
(Date
of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement
on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box [ ].
Note: Schedules filed in paper
format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*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. G989A3109 |
13D |
Page 2 of 5 |
1 |
NAME OF REPORTING PERSON
PANG Fung Ming |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ] |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO |
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[ ] |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong |
|
7 |
SOLE VOTING POWER
3,228,506 (1) |
Number of shares beneficially owned by each reporting person with |
8 |
SHARED VOTING POWER
0(1) |
9 |
SOLE DISPOSITIVE POWER
3,228,506 (1) |
10 |
SHARED DISPOSITIVE POWER
0(1) |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,228,506 (1) |
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[ ] |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.2%(2) |
14 |
TYPE OF REPORTING PERSON
IN |
| (1) | (a) On August 31, 2019, the
Issuer closed on a share exchange (the “Share Exchange”) with Zhong Yuan Investment Limited (“ZYI”), the parent
of China Bio-Technology Holdings Limited (“China Bio”). Pursuant to the Share Exchange, ZYI exchanged all of the shares that
it held in China Bio for 161,500,000 ordinary shares of the Issuer. As ZYI was owned of record by Mr. Yau Sing Tang in trust for the benefit
of Prime Legend Limited (20%) and 4 other persons, and as the Reporting Person is the sole officer, director and shareholder of Prime
Legend Limited, 32,300,000 shares were deemed to be beneficially owned by the Reporting Person. |
CUSIP No. G989A3109 |
13D |
Page 3 of 5 |
(b)
On May 4, 2020, Mr. Tang resigned as sole director of ZYI and the Reporting Person was appointed as one of two directors of ZYI
with shared voting and dispositive power over the shares of the Issuer owned by it. As a result, the Reporting Person had shared
voting and dispositive power over an aggregate of 161,500,000 shares of
the Issuer.
(c)
On May 27, 2020, ZYI sold an aggregate 9,911,920 ordinary shares in a private transaction, thereby reducing the beneficial ownership of
the Reporting Person to 151,588,080 shares, over which she had shared voting and dispositive power.
(d)
On July 24, 2020, the Issuer effected a 1:10 reverse stock split of its outstanding ordinary shares, which reduced the number of
shares over which the Reporting Person had shared voting and dispositive power to 15,158,808 ordinary shares.
(e)
On July 24, 2020, ZYI sold an aggregate of 976,867 ordinary shares, resulting
in a reduction of the Reporting Person’s beneficial ownership interest to 14,181,941 shares.
(f)
On July 15, 2021, 300,000 stock options vested out of a grant to the Reporting
Person on May 4, 2020 of 600,000 stock options, increasing the Reporting Person's
beneficial ownership to 14,481,941 ordinary shares.
(g) On December 2, 2021, the
Reporting Person exercised the 300,000 stock options on a cashless basis, resulting in the issuance of 272,118 ordinary shares
to the Reporting Person and reducing the Reporting Person’s total beneficial ownership to 14,454,059 ordinary shares.
(h)
On December 30, 2021, ZYI transferred its entire equity interest in the Issuer consisting of 14,181,941 ordinary
shares, 2,656,388 of which were transferred to Prime Legend Limited. After
the transfer, the Reporting Person’s beneficial ownership consisted of the 272,118 ordinary shares owned of record by her
and the 2,656,388 shares owned of record by Prime Legend Limited, for a total
of 2,928,506 ordinary shares, over all of which she had sole voting and dispositive power.
(i)
On July 15, 2022, the Reporting Person’s remaining 300,000 stock options vested, as a result of which her beneficial ownership of
the Issuer consisted of 272,118 ordinary shares owned of record by her, 300,000 shares underlying stock options and 2,656,388 shares
owned of record by Prime Legend Limited, for a total of 3,228,506 ordinary shares. The Reporting Person has sole voting and dispositive
power over all of these shares.
| (2) | This calculation is based on
17,699,618 ordinary shares issued and outstanding as of the date of filing this Schedule 13D.
|
CUSIP No. G989A3109 |
13D |
Page 4 of 5 |
Item 1. Security and Issuer
This
Schedule 13D relates to the $0.001 par value ordinary shares of Zhong Yuan Bio-Technology Holdings Limited, a corporation organized under
the laws of the Cayman Islands (the “Issuer”). The address of the principal executive office of the Issuer is Suite 901, Tesbury
Centre, 28 Queen’s Road East, Wanchai, Hong Kong.
Item 2. Identity and Background
| (a) | Name: This Schedule 13D is being filed by Fung Ming Pang, the Chief Financial
Officer and a Director of the Issuer (the “Reporting Person”). |
| (b) | The principal business address of the Reporting Person is Suite 901, Tesbury
Centre, 28 Queen’s Road East, Wanchai, Hong Kong. |
| (c) | Present Principal Occupation: The Reporting Person is the Chief Financial
Officer and a Director of the Issuer. |
| (d) | Convictions: During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | Civil Proceeding: During the past five years, the Reporting Person has not
been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was
or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such laws. |
| (f) | Citizenship: The Reporting Person is a citizen of Hong Kong SAR of the People’s
Republic of China. |
Item 3. Source and Amount of
Funds or Other Consideration
There were no personal
funds used by the Reporting Person in the acquisition of any of the ordinary shares of the Issuer. The Reporting Person's beneficial ownership
resulted from her status as the sole officer, director and shareholder of Prime Legend Limited. which was a beneficiary of the trust that
acquired ordinary shares pursuant to the Share Exchange and the recipient of shares from ZYI and from the vesting and cashless exercise
of stock options of the Issuer.
Item 4. Purpose of Transaction
The Reporting Person
has held, and continues to hold, all shares of the Issuer owned by her for investment purposes.
Item 5. Interest in Securities
of the Issuer
(a) The
responses to Items 11 and 13 of the cover page to this Schedule 13D are incorporated herein.
CUSIP No. G989A3109 |
13D |
Page 5 of 5 |
(b) The
responses to Items 7 through 10 of the cover page to this Schedule 13D are incorporated herein.
(c) The
Reporting Person has not entered into any transactions in the shares during the sixty days immediately prior to the filing of this Schedule
13D.
(d)
As of the date of filing this Schedule 13D, no person other than the Reporting Person is known to have the power to direct the receipt
of dividends from, or proceeds from the sale of, any of the shares beneficially owned by the Reporting Person.
(e)
Not applicable.
Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer
Other than as described herein,
there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person, with respect
to the securities of the Issuer.
Item 7. Material to be Filed
as Exhibits
Signatures
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.
Date: January 24, 2024 |
|
/s/ Fung Ming Pang |
|
|
Fung Ming Pang |
Zhong Yuan BioTechnology (PK) (USOTC:ZHYBF)
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