<SEC-DOCUMENT>0001104659-25-115697.txt : 20251125
<SEC-HEADER>0001104659-25-115697.hdr.sgml : 20251125
<ACCEPTANCE-DATETIME>20251125075206
ACCESSION NUMBER:		0001104659-25-115697
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251125
DATE AS OF CHANGE:		20251125

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUPER HI INTERNATIONAL HOLDING LTD.
		CENTRAL INDEX KEY:			0001995306
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94788
		FILM NUMBER:		251515072

	BUSINESS ADDRESS:	
		STREET 1:		1 PAYA LEBAR LINK #09-04 PLQ
		CITY:			PAYA LEBAR
		STATE:			U0
		ZIP:			408533
		BUSINESS PHONE:		86-186-6195-1778

	MAIL ADDRESS:	
		STREET 1:		1 PAYA LEBAR LINK #09-04 PLQ
		CITY:			PAYA LEBAR
		STATE:			U0
		ZIP:			408533

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Super Hi International Holding Ltd.
		DATE OF NAME CHANGE:	20230927

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shu Ping
		CENTRAL INDEX KEY:			0002050145
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	MAIL ADDRESS:	
		STREET 1:		C/O SUPER HI INTERNATIONAL HOLDING LTD
		STREET 2:		1 PAYA LEBAR LINK #09-04 PLQ
		CITY:			PAYA LEBAR
		STATE:			U0
		ZIP:			408533
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Shu Ping -->
          <cik>0002050145</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Ordinary shares, par value of US$0.000005 per share</securitiesClassTitle>
      <dateOfEvent>09/09/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001995306</issuerCIK>
        <issuerCUSIP>86803S106</issuerCUSIP>
        <issuerName>SUPER HI INTERNATIONAL HOLDING LTD.</issuerName>
        <address>
          <com:street1>1 Paya Lebar Link, #09-04</com:street1>
          <com:street2>PLQ 1 Paya Lebar Quarter</com:street2>
          <com:city>Singapore</com:city>
          <com:stateOrCountry>U0</com:stateOrCountry>
          <com:zipCode>408533</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Yixin Jiang</personName>
          <personPhoneNum>(86) 18661951778</personPhoneNum>
          <personAddress>
            <com:street1>1 Paya Lebar Link, #09-04</com:street1>
            <com:street2>PLQ 1 Paya Lebar Quarter</com:street2>
            <com:city>Singapore</com:city>
            <com:stateOrCountry>U0</com:stateOrCountry>
            <com:zipCode>408533</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002050145</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Ping Shu</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>U0</citizenshipOrOrganization>
        <soleVotingPower>71561070.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>71561070.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>71561070.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.0</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>The number of shares in rows (7) and (9) represents 71,561,070 ordinary shares held by SP NP LTD, an investment holding company incorporated in the British Virgin Islands and controlled by Ping Shu. The registered office of SP NP LTD is Trinity Chambers, P.O., Box 4301, Road Town, Tortola, British Virgin Islands. See Item 5.

The percent in row (13) is based on 650,299,000 ordinary shares outstanding as of September 2, 2025, as reported in the Issuer's Form 6-K dated September 2, 2025. See Item 5.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>SP NP LTD</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>D8</citizenshipOrOrganization>
        <soleVotingPower>71561070.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>71561070.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>71561070.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.0</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>The number of shares in rows (7) and (9) represents 71,561,070 ordinary shares held by SP NP LTD, an investment holding company incorporated in the British Virgin Islands and controlled by Ping Shu. The registered office of SP NP LTD is Trinity Chambers, P.O., Box 4301, Road Town, Tortola, British Virgin Islands. See Item 5.

The percent in row (13) is based on 650,299,000 ordinary shares outstanding as of September 2, 2025, as reported in the Issuer's Form 6-K dated September 2, 2025. See Item 5.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Ordinary shares, par value of US$0.000005 per share</securityTitle>
        <issuerName>SUPER HI INTERNATIONAL HOLDING LTD.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>1 Paya Lebar Link, #09-04</com:street1>
          <com:street2>PLQ 1 Paya Lebar Quarter</com:street2>
          <com:city>Singapore</com:city>
          <com:stateOrCountry>U0</com:stateOrCountry>
          <com:zipCode>408533</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Schedule 13D (this "Statement") is being filed by Ms. Shu Ping and SP NP LTD (collectively, the "Reporting Persons") with respect to the ordinary shares of SUPER HI INTERNATIONAL HOLDING LTD. (the "Issuer"). The Reporting Persons previously reported their beneficial ownership of the Issuer's ordinary shares on Schedule 13G filed with the Securities and Exchange Commission (the "SEC") on January 3, 2025 (the "Prior Schedule 13G"). As a result of the Distribution in Specie described in Items 3 and 4 of this Statement, and the increase in the percentage of the Issuer's outstanding ordinary shares beneficially owned by the Reporting Persons, the Reporting Persons are no longer eligible to report their beneficial ownership on Schedule 13G and are therefore reporting such beneficial ownership on this Schedule 13D.</commentText>
      </item1>
      <item2>
        <filingPersonName>Ping Shu
SP NP LTD</filingPersonName>
        <principalBusinessAddress>The business address of Ping Shu is 1 Paya Lebar Link, #09-04, PLQ 1 Paya Lebar Quarter, Singapore 408533

The business address of SP NP LTD is Trinity Chambers, P.O., Box 4301, Road Town, Tortola, British Virgin Islands</principalBusinessAddress>
        <principalJob>Ping Shu, the chairlady and director of the Issuer

SP NP LTD, an investment holding company incorporated in the British Virgin Islands and controlled by Ping Shu. The entire issued share capital of SP NP LTD is wholly owned by UBS Trustees (B.V.I.) Limited as the trustee of the Rose Trust, a discretionary trust established by Ms. Shu as settlor and protector for the benefit of herself, her spouse Mr. Yong Zhang and their family members.</principalJob>
        <hasBeenConvicted>During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</convictionDescription>
        <citizenship>Ping Shu--Singapore
SP NP LTD--British Virgin Islands</citizenship>
      </item2>
      <item3>
        <fundsSource>The Reporting Persons did not pay any cash consideration for the Shares received in the Distribution in Specie (as defined below). On September 9, 2025, NP UNITED HOLDING LTD ("NP United"), one of the controlling shareholders of the Issuer, distributed in specie all of the ordinary shares of the Issuer then held by it (the "Distribution Shares") to its shareholders, including SP NP LTD, in proportion to their respective shareholding percentages in NP United (the "Distribution in Specie").

Prior to the Distribution in Specie, NP United held 180,197,011 ordinary shares of the Issuer, representing approximately 27.71% of the Issuer's outstanding ordinary shares. As a shareholder of NP United, SP NP LTD was entitled to receive 28,964,868 ordinary shares of the Issuer in the Distribution in Specie. As a result of the Distribution in Specie, SP NP LTD became the direct holder of such 28,964,868 ordinary shares of the Issuer without the payment of any additional consideration.

Immediately after giving effect to the Distribution in Specie, SP NP LTD directly held an aggregate of 71,561,070 ordinary shares of the Issuer, as further described in Item 5 below.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The Distribution in Specie described in Item 3 above was effected by NP United in order to simplify the shareholding structure of the Issuer by eliminating NP United as an intermediate holding company. As a result of the Distribution in Specie, SP NP LTD became the direct holder of the Shares that were previously beneficially owned indirectly through NP United, and the beneficial ownership of the Issuer's ordinary shares by the Reporting Persons increased as set forth in Item 5 below.

Other than as described in this Schedule 13D, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to review their investment in the Issuer on a continuing basis and may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, purchasing additional securities of the Issuer or disposing of some or all of the securities of the Issuer, in the open market, in privately negotiated transactions or otherwise, or changing their intention with respect to any and all matters referred to in subparagraphs (a) through (j) above.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>(a) - (b) As of the date of this Schedule 13D, SP NP LTD directly beneficially owns 71,561,070 ordinary shares of the Issuer (the "Shares"), representing approximately 11.0% of the Issuer's outstanding ordinary shares, based on 650,299,000 ordinary shares outstanding as disclosed by the Issuer in its announcement reported in the Issuer's Form 6-K dated September 2, 2025.

Ms. Ping Shu, as the settlor and protector of the Rose Trust (as defined in the Issuer's announcement reported in the Issuer's Form 6-K dated September 2, 2025), which holds all of the issued share capital of SP NP LTD, may be deemed to beneficially own the Shares held by SP NP LTD. Accordingly, each of the Reporting Persons may be deemed to beneficially own 71,561,070 ordinary shares of the Issuer, representing approximately 11.0% of the Issuer's outstanding ordinary shares.

SP NP LTD has the sole power to vote and to dispose of the Shares directly held by it, subject to the terms of the relevant trust arrangements. Ms. Ping Shu may be deemed to share voting and dispositive power with respect to such Shares by virtue of her role in the Rose Trust.</percentageOfClassSecurities>
        <numberOfShares>(a) - (b) As of the date of this Schedule 13D, SP NP LTD directly beneficially owns 71,561,070 ordinary shares of the Issuer (the "Shares"), representing approximately 11.0% of the Issuer's outstanding ordinary shares, based on 650,299,000 ordinary shares outstanding as disclosed by the Issuer in its announcement dated September 2, 2025.

Ms. Ping Shu, as the settlor and protector of the Rose Trust (as defined in the Issuer's announcement dated September 2, 2025), which holds all of the issued share capital of SP NP LTD, may be deemed to beneficially own the Shares held by SP NP LTD. Accordingly, each of the Reporting Persons may be deemed to beneficially own 71,561,070 ordinary shares of the Issuer, representing approximately 11.0% of the Issuer's outstanding ordinary shares.

SP NP LTD has the sole power to vote and to dispose of the Shares directly held by it, subject to the terms of the relevant trust arrangements. Ms. Ping Shu may be deemed to share voting and dispositive power with respect to such Shares by virtue of her role in the Rose Trust.</numberOfShares>
        <transactionDesc>Except for the Distribution in Specie described in Items 3 and 4 of this Schedule 13D, during the 60 days preceding the date hereof, none of the Reporting Persons has effected any transaction in the ordinary shares of the Issuer.</transactionDesc>
        <listOfShareholders>To the best knowledge of the Reporting Persons, no person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Shares beneficially owned by the Reporting Persons, except as may be set forth in the trust arrangements described above.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Except as described in this Schedule 13D, including the trust arrangements relating to the Rose Trust as set forth in Item 2 above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or, to the best knowledge of the Reporting Persons, any other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities of the Issuer, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Exhibit 99.1           Joint Filing Agreement dated as of November 25 by and among the Reporting Persons</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Ping Shu</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ping Shu</signature>
          <title>Ping Shu/ Director</title>
          <date>11/25/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>SP NP LTD</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ping Shu</signature>
          <title>Ping Shu/Director</title>
          <date>11/25/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2531965d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">&nbsp;<B>EXHIBIT 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><B>JOINT FILING
AGREEMENT</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In accordance with Rule 13d-1(k)
promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting
Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including
amendments thereto) with respect to the ordinary shares, par value of US$0.000005 per share, of SUPER HI INTERNATIONAL HOLDING LTD., a
Cayman Islands exempted company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed
in any number of counterparts, all of which taken together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the undersigned hereby execute this Agreement as of </FONT>November 25, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ping Shu</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ </FONT>Ping Shu</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ping
    Shu</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SP NP LTD</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/</FONT> Ping Shu</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ping
    Shu</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 252.05pt">&nbsp;</P>

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