Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Securities and Exchange Commission

Washington, D.C. 20549

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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. 2)*

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Connect Biopharma Holdings Limited

(Name of Issuer)

Ordinary shares, par value $0.000174 per share

(Title of Class of Securities)

207523101**

(CUSIP Number)

December 31, 2023

(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)

*    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.

**    There is no CUSIP number assigned to the Ordinary Shares of the Issuer (“Ordinary Shares”). CUSIP number 207523101 has been assigned to the American Depositary Shares of the Issuer (“ADSs”). Each ADS represents one Ordinary Share.

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. 207523101			Schedule 13G			Page 1 of 4

1			Names of Reporting Persons Zheng Wei
2			Check the Appropriate Box if a Member of a Group (a) ☐    (b) ☐
3			SEC Use Only
4			Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With						5			Sole Voting Power 6,487,545
						6			Shared Voting Power 0
						7			Sole Dispositive Power 6,487,545
						8			Shared Dispositive Power 0
9			Aggregate Amount Beneficially Owned by Each Reporting Person 6,487,545
10			Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable
11			Percent of Class Represented by Amount in Row 9 11.7%
12			Type of Reporting Person IN

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CUSIP No. 207523101			Schedule 13G			Page 2 of 4

ITEM 1. (a) Name of Issuer:

Connect Biopharma Holdings Limited (the "Issuer").

(b) Address of Issuer’s Principal Executive Offices:

12265 El Camino Real, Suite 350, San Diego CA 92130.

ITEM 2. (a) Name of Person Filing:

This statement is filed on behalf of Zheng Wei (the “Reporting Person”).

(b) Address or Principal Business Office:

The business address of the Reporting Person is c/o Connect Biopharma Holdings Limited., 12265 El Camino Real, Suite 350, San Diego CA 92130.

(c) Citizenship of each Reporting Person is:

Zheng Wei is a citizen of the United States.

(d) Title of Class of Securities:

Ordinary Shares, par value $0.000174 per share. The Ordinary Shares are sold on the U.S. market as ADSs, each of which represents one Ordinary Share.

(e) CUSIP Number:

207523101

ITEM 3.

Not applicable.

ITEM 4. Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Ordinary Shares as of December 31, 2023. The percentage calculation is based upon 55,102,954 Ordinary Shares outstanding as of December 31, 2023.

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CUSIP No. 207523101			Schedule 13G			Page 3 of 4

Reporting Person			Amount beneficially owned			Percent of class:			Sole power to vote or to direct the vote:			Shared power to vote or to direct the vote:			Sole power to dispose or to direct the disposition of:			Shared power to dispose to direct the disposition of:
Zheng Wei			6,498,545			11.7%			6,487,545			0			6,487,545			0

The Reporting Person is the beneficial owner of 6,487,545 Ordinary Shares, which consists of (i) 5,928,164 Ordinary Shares held of record by the Reporting Person and (ii) 559,381 Ordinary Shares underlying stock options held of record by the Reporting Person that are exercisable as of March 1, 2024.

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.

Not applicable.

ITEM 8. Identification and Classification of Members of the Group.

Not applicable.

ITEM 9. Notice of Dissolution of Group.

Not applicable.

ITEM 10. Certification.

Not applicable.

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CUSIP No. 207523101			Schedule 13G			Page 4 of 4

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.

Date: February 13, 2024

Zheng Wei

/s/ Zheng Wei    

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