# EDGAR Filing Document

**Accession Number:** 0001529192
**File Stem:** 0001193125-23-035705
**Filing Date:** 2023-2
**Character Count:** 17363
**Document Hash:** 18bf4e29d60245b8c2a3e6da1d458092
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-035705.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001193125-23-035705

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**GROUP MEMBERS**: ERIC YA SHEN

**GROUP MEMBERS**: XIAOCHUN ZHANG

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vipshop Holdings Ltd
- **CENTRAL INDEX KEY:** 0001529192
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86788
- **FILM NUMBER:** 23618240

**BUSINESS ADDRESS:**
- **STREET 1:** VIPSHOP HEADQUARTERS, 128 DINGXIN ROAD
- **STREET 2:** HAIZHU DISTRICT,
- **CITY:** Guangzhou
- **STATE:** F4
- **ZIP:** 510220
- **BUSINESS PHONE:** 86 (20) 2233-0000

**MAIL ADDRESS:**
- **STREET 1:** VIPSHOP HEADQUARTERS, 128 DINGXIN ROAD
- **STREET 2:** HAIZHU DISTRICT,
- **CITY:** Guangzhou
- **STATE:** F4
- **ZIP:** 510220
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elegant Motion Holdings Ltd
- **CENTRAL INDEX KEY:** 0001555780
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 0630

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

**BUSINESS ADDRESS:**
- **STREET 1:** DURRELL HOUSE
- **STREET 2:** 28 NEW STREET
- **CITY:** ST. HELIER
- **STATE:** Y9
- **ZIP:** JE2 3RA
- **BUSINESS PHONE:** 216-479-8361

**MAIL ADDRESS:**
- **STREET 1:** DURRELL HOUSE
- **STREET 2:** 28 NEW STREET
- **CITY:** ST. HELIER
- **STATE:** Y9
- **ZIP:** JE2 3RA

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, DC 20549** 

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**SCHEDULE 13G/A** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**(Amendment No. 7)\*** 

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## Vipshop Holdings Limited
**(Name of Issuer)** 

**Class A ordinary shares, par value US$0.0001 per share** 

**(Title of Class of Securities)** 

**G93629 106** 

**(CUSIP Number)** 

**December 31, 2022** 

**(Date of Event Which Requires Filing of this Statement)** 

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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)

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\* 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).

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**CUSIP No. G93629 106**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;Name of Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;Elegant Motion Holdings Limited |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC Use Only |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>&nbsp;&nbsp;&nbsp;&nbsp;British Virgin Islands |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 5 | &nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power<br>15,941,084 shares (represented by 15,560,358 Class B ordinary shares and 380,726 Class A ordinary shares in the form of American depositary shares ("ADSs"))<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 6 | &nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 7 | &nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power<br>15,941,084 shares (represented by 15,560,358 Class B ordinary shares and 380,726 Class A ordinary shares in the form of ADSs)<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 8 | &nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;15,941,084 shares |
| &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;Percent of Class Represented by Amount in Row 9<br>&nbsp;&nbsp;&nbsp;&nbsp;13.6%<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;Type of Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;CO |

---

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Notes:

(1) Directly held by Elegant Motion Holdings Limited, which is ultimately wholly owned by the SYZXC Trust. See Item
4. (2) Assumes conversion of all Class B ordinary shares into Class A ordinary shares.

------

**CUSIP No. G93629 106**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;Name of Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;Eric Ya Shen |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC Use Only |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>&nbsp;&nbsp;&nbsp;&nbsp;People's Republic of China |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 5 | &nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power<br>2,077,977 shares (represented by options to acquire 2,075,444 Class A ordinary shares exercisable within 60 days after December 31, 2022 and 2,533 Class A ordinary shares in the form of ADSs, which are directly held by Eric Ya Shen) |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 6 | &nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power<br>15,941,084 shares (represented by 15,560,358 Class B ordinary shares and 380,726 Class A ordinary shares in the form of ADSs)<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 7 | &nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power<br>2,077,977 shares (represented by options to acquire 2,075,444 Class A ordinary shares exercisable within 60 days after December 31, 2022 and 2,533 Class A ordinary shares in the form of ADSs, which are directly held by Eric Ya Shen) |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 8 | &nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power<br>15,941,084 shares (represented by 15,560,358 Class B ordinary shares and 380,726 Class A ordinary shares in the form of ADSs)<sup>(1)</sup> |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;18,019,061 shares |
| &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;Percent of Class Represented by Amount in Row 9<br>&nbsp;&nbsp;&nbsp;&nbsp;15.1%<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;Type of Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;IN |

---

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Notes:

(1) Directly held by Elegant Motion Holdings Limited, which is ultimately wholly owned by the SYZXC Trust. See Item
4. (2) Assumes conversion of all Class B ordinary shares into Class A ordinary shares.

------

**CUSIP No. G93629 106**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;Name of Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;Xiaochun Zhang |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC Use Only |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>&nbsp;&nbsp;&nbsp;&nbsp;People's Republic of China |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 5 | &nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 6 | &nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power<br>15,941,084 shares (represented by 15,560,358 Class B ordinary shares and 380,726 Class A ordinary shares in the form of ADSs)<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 7 | &nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> Shares<br> Beneficially <br> Owned by<br> Each<br> Reporting<br> Person<br> With | 8 | &nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power<br>15,941,084 shares (represented by 15,560,358 Class B ordinary shares and 380,726 Class A ordinary shares in the form of ADSs)<sup>(1)</sup> |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;15,941,084 shares |
| &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;Percent of Class Represented by Amount in Row 9<br>&nbsp;&nbsp;&nbsp;&nbsp;13.6%<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;Type of Reporting Person<br>&nbsp;&nbsp;&nbsp;&nbsp;IN |

---

------

Notes:

(1) Directly held by Elegant Motion Holdings Limited, which is ultimately wholly owned by the SYZXC Trust. See Item
4. (2) Assumes conversion of all Class B ordinary shares into Class A ordinary shares.

------

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

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Vipshop Holdings Limited (the "Issuer")

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

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Vipshop Headquarters, 128 Dingxin Road

Haizhu District, Guangzhou 510220

People's Republic of China

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

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Elegant Motion Holdings Limited

Eric Ya Shen

Xiaochun Zhang

(collectively, the "Reporting Persons")

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

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For Elegant Motion Holdings Limited:

Trident Chambers, Wickhams Cay, PO Box 146

Road Town, Tortola, British Virgin Islands

For Eric Ya Shen and Xiaochun Zhang:

Vipshop Headquarters, 128 Dingxin Road

Haizhu District, Guangzhou 510220

People's Republic of China

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| | |
|:---|:---|
| **Item 2(c)** | **Citizenship:**  |

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Elegant Motion Holdings Limited – British Virgin Islands

Eric Ya Shen and Xiaochun Zhang – People's Republic of China

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

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Class A ordinary shares, par value US$0.0001 per share, of the Issuer

The Issuer's ordinary shares consist of Class A ordinary shares and Class B ordinary shares, each with par value of US$0.0001 per share. 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 holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to ten votes per share on all matters submitted to them for vote.

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| | |
|:---|:---|
| **Item 2(e).** | **CUSIP Number:**  |

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G93629 106

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**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:** <br>

Not applicable

**Item 4.** **Ownership.** <br>

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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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Person** | **Amount<br>beneficially<br>owned:** | **Percent<br>of class:** | **Percent of**<br>**aggregate**<br>**voting**<br>**power** | **Sole power to<br>vote or direct<br>the vote:** | **Shared<br>power to<br>vote or to<br>direct the<br>vote:** | **Sole power to<br>dispose or to<br>direct the<br>disposition of:** | **Shared<br>power to<br>dispose or<br>to direct<br>the<br>disposition<br>of:** |
|  Elegant Motion Holdings Limited | 15941084 | 13.6% | 60.6% | 15941084 | 0 | 15941084 | 0 |
|  Eric Ya Shen | 18019061 | 15.1% | 61.0% | 2077977 | 15941084 | 2077977 | 15941084 |
|  Xiaochun Zhang | 15941084 | 13.6% | 60.6% | 0 | 15941084 | 0 | 15941084 |

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Pursuant to Rule 13d-3(d)(1), all Class B ordinary shares (which are convertible into Class A ordinary shares) were deemed to be converted for the purpose of (i) determining the aggregate amount of Class A ordinary shares beneficially owned by the Reporting Persons and (ii) calculating the percentages of the Class A ordinary shares beneficially owned by the Reporting Persons. The percentage of the class of securities beneficially owned by each Reporting Person is calculated based on a total of 117,181,688 issued and outstanding ordinary shares (consisting of 101,621,330 Class A ordinary shares and 15,560,358 Class B ordinary shares) of the Issuer as of December 31, 2022 as a single class. In computing the percentage ownership of the Reporting Persons, the Reporting Persons have included, where applicable, 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.

As of December 31, 2022, 15,560,358 Class B ordinary shares of the Issuer and 380,726 Class A ordinary shares in the form of ADSs of the Issuer were held by Elegant Motion Holdings Limited, a British Virgin Islands company. Elegant Motion Holdings Limited is ultimately wholly owned by the SYZXC Trust. Under the terms of the SYZXC Trust, Eric Ya Shen and his wife Xiaochun Zhang have the power to direct the trustee with respect to the retention or disposal of the ordinary shares of the Issuer held by Elegant Motion Holdings Limited and the exercise of any voting and other rights attached thereto. Other than the trustee, no other person has the power to direct the receipt of dividends from, or proceeds from the sale of the ordinary shares of the Issuer held by Elegant Motion Holdings Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Eric Ya Shen and Xiaochun Zhang may be deemed to beneficially own all the ordinary shares of the Issuer held by Elegant Motion Holdings Limited.

**Item 5.** **Ownership of Five Percent or Less of a Class.** <br>

Not applicable

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**Item 6.** **Ownership of More Than Five Percent on Behalf of Another Person.** <br>

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.** <br>

Not applicable

**Item 8.** **Identification and Classification of Members of the Group.** <br>

Not applicable

**Item 9.** **Notice of Dissolution of Group.** <br>

Not applicable

**Item 10.** **Certifications.** <br>

Not applicable

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**LIST OF EXHIBITS** 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| A | [Joint Filing Agreement (incorporated by reference to Exhibit A to Schedule 13G/A filed on February 11, 2015 by the reporting persons with the Securities and Exchange Commission)](http://www.sec.gov/Archives/edgar/data/1529192/000110465915008504/a15-4286_1ex99da.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: February 13, 2023

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| | |
|:---|:---|
| **Elegant Motion Holdings Limited** | **Elegant Motion Holdings Limited** |
| By: | /s/ Authorized Signatories |
| Name: | Stepway Limited |
| Title: | Director |
| **Eric Ya Shen** | **Eric Ya Shen** |
| /s/ Eric Ya Shen | /s/ Eric Ya Shen |
| **Xiaochun Zhang** | **Xiaochun Zhang** |
| /s/ Xiaochun Zhang | /s/ Xiaochun Zhang |

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