Summary by Moomoo AI
Tencent Holdings Limited, along with its subsidiaries Image Frame Investment (HK) Limited and Huang River Investment Limited, have filed an Amendment No. 4 to Schedule 13D with the United States Securities and Exchange Commission, indicating changes in their ownership of NIO Inc. shares. As of May 14, 2024, Tencent and its subsidiaries have sold enough shares to reduce their beneficial ownership below the 5% threshold, making this filing an exit statement. Tencent's beneficial ownership now stands at 4.9%, with Image Frame and Huang River owning 2.4% and 2.5% respectively. The transactions leading to this amendment include the sale of 25,300,000 American Depositary Shares (ADSs) by Huang River in May 2024. The filing also confirms that none of the Reporting Persons or Related Persons has been involved in legal proceedings related to securities laws in the past five years. This amendment serves as the final update to the Schedule 13D initially filed on June 19, 2020, and marks the end of Tencent's status as a beneficial owner of 5% or more of NIO Inc.'s outstanding Class A Ordinary Shares.