# EDGAR Filing Document

**Accession Number:** 0001785680
**File Stem:** 0002062327-25-000002
**Filing Date:** 2025-11
**Character Count:** 9108
**Document Hash:** 1a6a0ccf5242edd05f59b95a12384092
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002062327-25-000002.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0002062327-25-000002

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Santech Holdings Ltd
- **CENTRAL INDEX KEY:** 0001785680
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93559
- **FILM NUMBER:** 251469811

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 15TH FLOOR, AIA CENTRAL,
- **STREET 2:** 1 CONNAUGHT ROAD CENTRAL,
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **BUSINESS PHONE:** 85225939309

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 15TH FLOOR, AIA CENTRAL,
- **STREET 2:** 1 CONNAUGHT ROAD CENTRAL,
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hywin Holdings Ltd.
- **DATE OF NAME CHANGE:** 20190816
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CARMEL HOLDINGS LTD
- **CENTRAL INDEX KEY:** 0002062327

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** PORTCULLIS CHAMBERS
- **STREET 2:** 4TH FLOOR, ELLEN SKELTON BUILDING
- **CITY:** ROAD TOWN, TORTOLA
- **STATE:** D8
- **ZIP:** VG1110
- **BUSINESS PHONE:** 852 2593 9309

**MAIL ADDRESS:**
- **STREET 1:** PORTCULLIS CHAMBERS
- **STREET 2:** 4TH FLOOR, ELLEN SKELTON BUILDING
- **CITY:** ROAD TOWN, TORTOLA
- **STATE:** D8
- **ZIP:** VG1110

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Santech Holdings Ltd**

*(Name of Issuer)*

**Ordinary share, par value US$0.0001 per share**

*(Title of Class of Securities)*

**44951X104**

*(CUSIP Number)*

**Lawrence Wai Lok**<br>Level 15, AIA Central<br>No.1 Connaught Road Central<br>Hong Kong K3 00000<br>852 2593 9309

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/11/2025**

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

| **CUSIP No.** | **44951X104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Carmel Holdings Limited** | Name of reporting person<br>**Carmel Holdings Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**112000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**112000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**112000000.00** | Aggregate amount beneficially owned by each reporting person<br>**112000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**66.7%** | Percent of class represented by amount in Row (11)<br>**66.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **44951X104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Wai Lok** | Name of reporting person<br>**Wai Lok** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**113862620.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**113862620.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**113862620.00** | Aggregate amount beneficially owned by each reporting person<br>**113862620.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**67.8%** | Percent of class represented by amount in Row (11)<br>**67.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Ordinary share, par value US$0.0001 per share

**(b) Name of Issuer:**
Santech Holdings Ltd

**(c) Address of Issuer's Principal Executive Offices:**
15TH FLOOR, AIA CENTRAL,, 15TH FLOOR, AIA CENTRAL,, HONG KONG, K3, 00000

This Amendment No. 1 (this "Amendment No. 1" or this "Schedule 13D/A") amends and supplements the statement on Schedule 13D originally filed with the Securities and Exchange Commission on March 24, 2025 by Lawrence Wai Lok and Carmel Holdings Limited (the "Reporting Persons"). Unless otherwise defined herein, capitalized terms used in this Amendment No. 1 shall have the meanings ascribed to them in the original Schedule 13D.
Except as amended and supplemented hereby, the information set forth in the original Schedule 13D remains unchanged.

**Item 4. Purpose of Transaction**

Mr. Lawrence Wai Lok acquired the additional shares pursuant to the ESOP awards described above for incentive compensation purposes. The acquisition did not involve any change in control of the Issuer, and Mr. Lawrence Wai Lok currently has no plans or proposals that would result in any of the actions enumerated in paragraphs (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of November 11, 2025, Mr. Lawrence Wai Lok beneficially owns an aggregate of 113,862,620 ordinary shares, representing approximately 67.78% of the Issuer's total issued and outstanding ordinary shares (based on 168,000,000 shares outstanding). Of these, 112,000,000 shares are held through Carmel Holdings Limited, a British Virgin Islands company wholly owned and controlled by Mr. Lawrence Wai Lok, and 1,862,620 shares are held by Mr. Lawrence Wai Lok.

**(b)**
Mr. Lawrence Wai Lok has sole voting and dispositive power over all such shares. Carmel Holdings Limited has sole voting and dispositive power over the 112,000,000 shares it holds.

**(c)**
During the 60 days preceding the filing of this Schedule 13D, none of the Reporting Persons has effected any transactions in the Shares except as reported herein.

### 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.

**Reporting Person:** Carmel Holdings Limited

**Signature:** /s/ Wai Lok

**Name/Title:** Wai Lok

**Date:** 11/12/2025

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.

**Reporting Person:** Wai Lok

**Signature:** /s/ Wai Lok

**Name/Title:** Wai Lok

**Date:** 11/12/2025