Cloopen Group Holding Ltd Chief Financial Officer Li Yipeng filed a statement of changes in beneficial ownership on October 29, 2026, reporting the disposal of 2,800,000 Class A ordinary shares upon completion of a go-private merger effective October 28, 2026.

Key Highlights

  • Reporting person: Li Yipeng, Chief Financial Officer of Cloopen Group Holding Ltd (OTC:RAASY)
  • Shares disposed: 2,800,000 Class A ordinary shares, held indirectly through Flawless Success Limited as nominee for an employee trust
  • Transaction date: October 28, 2026, coded as a disposal (D) under the merger agreement
  • Per-share cash consideration: US$0.4940 per Class A ordinary share, or US$2.9641 per ADS (each ADS representing six Class A ordinary shares), without interest
  • Post-transaction ownership: Zero Class A ordinary shares beneficially owned following the reported transaction
  • Merger parties: SpringX Holdings Limited (Parent), AutumnX Holdings Limited (Holdco), and SummerX Holdings Limited (Merger Sub), with the issuer surviving as a wholly-owned subsidiary of Holdco

Cloopen CFO Reports Zero Remaining Stake After Merger Completion

According to the filing, the disposal arose from the Agreement and Plan of Merger dated May 12, 2026, among Cloopen Group Holding Ltd, SpringX Holdings Limited as Parent, AutumnX Holdings Limited as Holdco, and SummerX Holdings Limited as Merger Sub. The filing states that Merger Sub was merged with and into the issuer, with the issuer surviving as a wholly-owned subsidiary of Holdco, and that "upon completion of the Merger, the Issuer became a privately-held company."

The filing discloses that at the effective time of the merger, each Class A ordinary share with a par value of US$0.0001 per share "was cancelled and ceased to exist in exchange for the right to receive US$0.4940 in cash per Class A Ordinary Share, without interest." Each American depositary share, representing six Class A ordinary shares, was canceled in exchange for US$2.9641 in cash per ADS, without interest. Cloopen Group Holding Ltd is a cloud-based communications and collaboration services provider, and the shares covered in this filing had been held as part of the issuer's share incentive plans.

The filing further explains that the 2,800,000 Class A ordinary shares reported were held of record by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the issuer's share incentive plans. Those shares had been deposited with The Bank of New York Mellon in exchange for ADSs held by Flawless Success Limited. According to the filing, "such deposit effected only a change in the form of beneficial ownership without changing the Reporting Person's pecuniary interest," and the amounts reported are stated in terms of underlying Class A ordinary shares rather than ADSs. Following the transaction, Li Yipeng's indirect beneficial ownership stands at zero shares.

What Was Disclosed

Li Yipeng, CFO of Cloopen Group Holding Ltd (OTC:RAASY), reported the disposal of 2,800,000 Class A ordinary shares on October 28, 2026, at US$0.4940 per share under a go-private merger agreement dated May 12, 2026, leaving the reporting person with zero beneficial ownership.