Li Yipeng, the Chief Financial Officer of Cloopen Group Holding Ltd, has disposed of 2.8 million shares of the company following a recent merger agreement. This significant transaction reflects the ongoing changes within the company as it transitions from a publicly traded entity to a privately held one.

Background

Cloopen Group Holding Ltd, identified by its Central Index Key (CIK) 0001804583, operates in the prepackaged software services sector. The company has been involved in various filings with the SEC, with the most recent being a Form 4 filed on October 29, 2026. Prior filings include Form 3 submissions earlier in the same year.

What the Filing Says

The SEC filing indicates that Li Yipeng disposed of 2.8 million Class A ordinary shares on October 28, 2026. This transaction is part of the terms outlined in a merger agreement dated May 12, 2026. The filing states, "Pursuant to the Merger Agreement, each Class A ordinary share... was cancelled and ceased to exist in exchange for the right to receive US$0.4940 in cash per Class A Ordinary Share." This indicates that the shares were exchanged for cash as part of the merger process.

Impact

This transaction affects Li Yipeng directly, as he was a significant officer of the company. The merger and subsequent share disposal may also influence other stakeholders, including employees and investors who were involved with Cloopen Group prior to its transition to a privately held entity.

What's Next

The filing does not say what happens next.