# EDGAR Filing Document

**Accession Number:** 0001798421
**File Stem:** 0000950170-23-001422
**Filing Date:** 2023-1
**Character Count:** 18502
**Document Hash:** 2998d025931e8281430dff82c7775dea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-001422.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0000950170-23-001422

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**GROUP MEMBERS**: EBETTER INTERNATIONAL GROUP LTD

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gaotu Techedu Inc.
- **CENTRAL INDEX KEY:** 0001768259
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91115
- **FILM NUMBER:** 23570174

**BUSINESS ADDRESS:**
- **STREET 1:** 5F, GIENTECH BUILDING, 17 EAST ZONE
- **STREET 2:** 10 XIBEIWANG EAST ROAD, HAIDIAN
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100193
- **BUSINESS PHONE:** 861082826826

**MAIL ADDRESS:**
- **STREET 1:** 5F, GIENTECH BUILDING, 17 EAST ZONE
- **STREET 2:** 10 XIBEIWANG EAST ROAD, HAIDIAN
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100193

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GSX Techedu Inc.
- **DATE OF NAME CHANGE:** 20190215
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Chen Xiangdong
- **CENTRAL INDEX KEY:** 0001798421

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** TOWER C, BEYONDSOFT BLDG, 7 EAST ZONE
- **STREET 2:** 10 XIBEIWANG EAST ROAD, HAIDIAN DISTRICT
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100193

**UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**

**SCHEDULE 13G**

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to § 240.13d-2

**Under the Securities Exchange Act of 1934**

**(Amendment No. 3)\***

**Gaotu Techedu Inc.**

(Name of Issuer)

**Ordinary shares, par value of $0.0001 per share**

(Title of Class of Securities)

**36257Y 109\*\***

(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.

\*\* CUSIP number 36257Y 109 has been assigned to the American Depositary Shares ("ADSs") of Gaotu Techedu Inc. (the "Issuer"), which are quoted on The New York Stock Exchange under the symbol "GOTU." Every three ADSs represent two Class A ordinary shares of the Issuer. The CUSIP number of the Class A ordinary shares is G4165J 104.

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).

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Name of Reporting Person<br>Larry Xiangdong Chen | &nbsp;&nbsp;Name of Reporting Person<br>Larry Xiangdong Chen | &nbsp;&nbsp;Name of Reporting Person<br>Larry Xiangdong Chen |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>(a) <br>(b)  | &nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>(a) <br>(b)  | &nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>(a) <br>(b)  |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC Use Only | &nbsp;&nbsp;SEC Use Only | &nbsp;&nbsp;SEC Use Only |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Citizenship<br>People's Republic of China | &nbsp;&nbsp;Citizenship<br>People's Republic of China | &nbsp;&nbsp;Citizenship<br>People's Republic of China |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;5 | &nbsp;&nbsp;Sole Voting Power<br>78,238,621(1) |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;6 | &nbsp;&nbsp;Shared Voting Power<br>0 |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;7 | &nbsp;&nbsp;Sole Dispositive Power<br>78,238,621(1) |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;8 | &nbsp;&nbsp;Shared Dispositive Power<br>0 |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person <br>78,238,621(1) | &nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person <br>78,238,621(1) | &nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person <br>78,238,621(1) |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares <br> | &nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares <br> | &nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares <br> |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Percent of Class Represented by Amount in Row (9) <br>45.3%. The voting power of the shares beneficially owned represent 88.7% of the total outstanding voting power.(2) | &nbsp;&nbsp;Percent of Class Represented by Amount in Row (9) <br>45.3%. The voting power of the shares beneficially owned represent 88.7% of the total outstanding voting power.(2) | &nbsp;&nbsp;Percent of Class Represented by Amount in Row (9) <br>45.3%. The voting power of the shares beneficially owned represent 88.7% of the total outstanding voting power.(2) |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Type of Reporting Person <br>IN | &nbsp;&nbsp;Type of Reporting Person <br>IN | &nbsp;&nbsp;Type of Reporting Person <br>IN |

---

____________

(1) Represents 73,305,288 Class B ordinary shares and 800,000 Class A ordinary shares held by Ebetter International Group Limited, a British Virgin Islands company, and 4,133,333 Class A ordinary shares represented by 6,200,000 ADSs held by Mr. Larry Xiangdong Chen. Ebetter International Group Limited is ultimately owned by The Better Learner Trust, a trust established under the laws of the Cayman Islands and managed by Cantrust (Far East) Limited as the trustee. Mr. Larry Xiangdong Chen is the settlor of The Better Learner Trust, and he and his family members are the trust's beneficiaries. Under the terms of this trust, Mr. Larry Xiangdong Chen has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares of the Issuer held by Ebetter International Group Limited. Mr. Larry Xiangdong Chen is the sole director of Ebetter International Group Limited. The registered address of Ebetter International Group Limited is at the offices of OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands. The business address of Mr. Larry Xiangdong Chen is Pactera Building, 10 Xibeiwang East Road, Haidian District, Beijing 100193, People's Republic of China.

(2) The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on a total of 172,694,114 issued and outstanding ordinary shares (being the sum of 99,388,826 Class A ordinary shares, with each being entitled to one vote, and 73,305,288 Class B ordinary shares, with each being entitled to ten (10) votes) of the Issuer as a single class as of December 31, 2022.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Name of Reporting Person<br>Ebetter International Group Limited | &nbsp;&nbsp;Name of Reporting Person<br>Ebetter International Group Limited | &nbsp;&nbsp;Name of Reporting Person<br>Ebetter International Group Limited |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>(a) <br>(b)  | &nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>(a) <br>(b)  | &nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>(a) <br>(b)  |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC Use Only | &nbsp;&nbsp;SEC Use Only | &nbsp;&nbsp;SEC Use Only |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Place of Organization <br>British Virgin Islands | &nbsp;&nbsp;Place of Organization <br>British Virgin Islands | &nbsp;&nbsp;Place of Organization <br>British Virgin Islands |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;5 | &nbsp;&nbsp;Sole Voting Power<br>74,105,288(1)  |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;6 | &nbsp;&nbsp;Shared Voting Power<br>0 |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;7 | &nbsp;&nbsp;Sole Dispositive Power<br>74,105,288(1) |
| &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;Number of Shares Beneficially Owned by Each Reporting Person With: | &nbsp;&nbsp;8 | &nbsp;&nbsp;Shared Dispositive Power<br>0 |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person <br>74,105,288(1)  | &nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person <br>74,105,288(1)  | &nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person <br>74,105,288(1)  |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares <br> | &nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares <br> | &nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares <br> |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Percent of Class Represented by Amount in Row (9) <br>42.9%. The voting power of the shares beneficially owned represent 88.2% of the total outstanding voting power.(2)  | &nbsp;&nbsp;Percent of Class Represented by Amount in Row (9) <br>42.9%. The voting power of the shares beneficially owned represent 88.2% of the total outstanding voting power.(2)  | &nbsp;&nbsp;Percent of Class Represented by Amount in Row (9) <br>42.9%. The voting power of the shares beneficially owned represent 88.2% of the total outstanding voting power.(2)  |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Type of Reporting Person <br>CO | &nbsp;&nbsp;Type of Reporting Person <br>CO | &nbsp;&nbsp;Type of Reporting Person <br>CO |

---

____________

(1) Represents 73,305,288 Class B ordinary shares and 800,000 Class A ordinary shares held by Ebetter International Group Limited, a British Virgin Islands company. The registered address of Ebetter International Group Limited is at the offices of OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

(2) The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on a total of 172,694,114 issued and outstanding ordinary shares (being the sum of 99,388,826 Class A ordinary shares, with each being entitled to one vote, and 73,305,288 Class B ordinary shares, with each being entitled to ten (10) votes) of the Issuer as a single class as of December 31, 2022.

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**Item 1(a). Name of Issuer:** 

Gaotu Techedu Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:** 

Pactera Building, 10 Xibeiwang East Road

Haidian District, Beijing 100193

People's Republic of China

**Item 2(a). Name of Person Filing:** 

Larry Xiangdong Chen

Ebetter International Group Limited

**Item 2(b). Address of Principal Business Office, or, if none, Residence:** 

Larry Xiangdong Chen

Pactera Building, 10 Xibeiwang East Road

Haidian District, Beijing 100193

People's Republic of China

Ebetter International Group Limited<br>OMC Chambers, Wickhams Cay 1<br>Road Town, Tortola, British Virgin Islands

**Item 2(c). Citizenship:**

Larry Xiangdong Chen — People's Republic of China

Ebetter International Group Limited — British Virgin Islands

**Item 2(d). Title of Class of Securities:** 

Ordinary shares, par value $0.0001 per share, of the Issuer

The Issuer's ordinary shares consist of Class A ordinary shares and Class B ordinary shares. The rights of the holders of Class A ordinary shares and Class B ordinary shares are identical, except with respect to conversion rights and voting rights. Each Class B ordinary share is convertible at the option of the holder at any time into one Class A ordinary share. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstance. Each Class B ordinary share is entitled to ten (10) votes per share, whereas each Class A ordinary share is entitled to one vote per share.

**Item 2(e). CUSIP No.:**

36257Y 109

This CUSIP number applies to the ADSs, every three ADSs representing two Class A ordinary shares of the Issuer. The CUSIP number of Class A ordinary shares is G4165J 104.

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d -2(b) or (c), check whether the persons filing is a:**

Not applicable

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**Item 4. Ownership:**

The following information with respect to the ownership of the ordinary shares of the Issuer by each of the reporting persons is provided as of December 31, 2022:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Amount beneficially owned** | &nbsp;&nbsp;**Percent of class** | &nbsp;&nbsp;**Percent of<br>aggregate<br>voting<br>power** | &nbsp;&nbsp;**Sole power to vote or direct the vote** | &nbsp;&nbsp;**Shared power to vote or to direct the vote** | &nbsp;&nbsp;**Sole power to dispose or to direct the disposition of** | &nbsp;&nbsp;**Shared power to dispose or to direct the disposition of** |
| &nbsp;&nbsp;Larry Xiangdong Chen | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78238621(1) | &nbsp;&nbsp; 45.3%(2) | &nbsp;&nbsp;88.7%(3) | &nbsp;&nbsp;78238621(1) | &nbsp;&nbsp;0 | &nbsp;&nbsp; 78238621(1) | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Ebetter International Group Limited  | &nbsp;&nbsp;74105288(4) | &nbsp;&nbsp; 42.9%(2) | &nbsp;&nbsp; 88.2%(3) | &nbsp;&nbsp;74105288(4) | &nbsp;&nbsp;0 | &nbsp;&nbsp;74105288(4) | &nbsp;&nbsp;0 |

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(1)Represents 73,305,288 Class B ordinary shares and 800,000 Class A ordinary shares held by Ebetter International Group Limited, a British Virgin Islands company, and 4,133,333 Class A ordinary shares represented by 6,200,000 ADSs held by Mr. Larry Xiangdong Chen. Ebetter International Group Limited is ultimately owned by The Better Learner Trust, a trust established under the laws of the Cayman Islands and managed by Cantrust (Far East) Limited as the trustee. Mr. Larry Xiangdong Chen is the settlor of The Better Learner Trust, and he and his family members are the trust's beneficiaries. Under the terms of this trust, Mr. Larry Xiangdong Chen has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares of the Issuer held by Ebetter International Group Limited. Mr. Larry Xiangdong Chen is the sole director of Ebetter International Group Limited.

(2)The percentage of the class of securities beneficially owned by each reporting person is based on a total of 172,694,114 issued and outstanding ordinary shares, being the sum of 99,388,826 Class A ordinary shares and 73,305,288 Class B ordinary shares, of the Issuer as a single class as of December 31, 2022. In computing the percentage ownership of the reporting persons, we have included 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, 2022.

(3)For each reporting person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such reporting person by the voting power of all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2022.

(4)Represents 73,305,288 Class B ordinary shares and 800,000 Class A ordinary shares held by Ebetter International Group Limited, a British Virgin Islands company.

**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

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**Item 8. Identification and Classification of Members of the Group:**

Not applicable

**Item 9. Notice of Dissolution of Group:**

Not applicable

**Item 10. Certifications:**

Not applicable

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**LIST OF EXHIBITS**

Exhibit 99.1 — [<u>Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to Schedule 13G filed on February 5, 2020 by the reporting persons with the Securities and Exchange Commission)</u>](https://www.sec.gov/Archives/edgar/data/1768259/000119312520024745/d880275dex991.htm)

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**SIGNATURE**

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.

Dated: January 31, 2023

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| |
|:---|
| &nbsp;&nbsp;**Larry Xiangdong Chen**<br>|
| &nbsp;&nbsp;/s/ Larry Xiangdong Chen |

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| | |
|:---|:---|
|  | &nbsp;&nbsp;**Ebetter International Group Limited**<br>|
| &nbsp;&nbsp;By:  | &nbsp;&nbsp;/s/ Larry Xiangdong Chen |
| &nbsp;&nbsp;Name: | &nbsp;&nbsp;Larry Xiangdong Chen |
| &nbsp;&nbsp;Title: | &nbsp;&nbsp;Director |

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[Signature Page to Schedule 13G/A]

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