Canadian Solar Inc.
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

Canadian Solar Inc.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
136635109
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ 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.

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).

 
 


 

                     
CUSIP No.
 
136635109 
  Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS
JAFCO Asia Technology Fund II
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   00
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   00
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   00
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    00
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  Nil
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  Nil
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 2 of 7 Pages


 

                     
CUSIP No.
 
136635109 
  Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS
JAFCO Investment (Asia Pacific) Ltd.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Singapore
       
  5   SOLE VOTING POWER
     
NUMBER OF   00
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   00
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   00
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    00
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  Nil
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  Nil
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 3 of 7 Pages


 

                     
CUSIP No.
 
136635109 
  Page  
  of   
8 Pages 

 

           
1   NAMES OF REPORTING PERSONS
JAFCO Asia Technology Fund II (Barbados) Limited
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Barbados
       
  5   SOLE VOTING POWER
     
NUMBER OF   00
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   00
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   00
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    00
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  Nil
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  Nil
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 4 of 7 Pages


 

     
ITEM 1(A)
  NAME OF ISSUER:
 
   
 
  Canadian Solar Inc.
 
   
ITEM 1(B)
  ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
 
   
 
  Xin Zhuang Industry Park
Changshu, Suzhou
Jiangsu 215562
People’s Republic of China
 
   
ITEM 2(A)
  NAME OF PERSON FILING:
 
   
 
  JAFCO Asia Technology Fund II
 
   
ITEM 2(B)
  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
 
   
 
  c/o JAFCO Investment (Asia Pacific) Ltd
6 Battery Road
#42-01
Singapore 049909
 
   
ITEM 2(C)
  CITIZENSHIP:
 
   
 
  Cayman Islands
 
   
ITEM 2(D)
  TITLE OF CLASS OF SECURITIES:
 
   
 
  Common Shares
 
   
ITEM 2(E)
  CUSIP NUMBER:
 
   
 
  136635109
 
   
ITEM 3
  IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
 
   
 
  N/A
 
   
ITEM 4
  OWNERSHIP:
 
   
 
  Please refer to Item 5.
 
   
ITEM 5
  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
 
   
 
  This statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than 5 percent of the common shares of the Issuer. þ
 
   
ITEM 6
  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
 
   
 
  N/A
Page 5 of 7 Pages

 


 

     
ITEM 7
  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
 
   
 
  N/A
 
   
ITEM 8
  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
 
   
 
  N/A
 
   
ITEM 9
  NOTICE OF DISSOLUTION OF GROUP
 
   
 
  N/A
 
   
ITEM 10
  CERTIFICATION
 
   
 
  N/A
Page 6 of 7 Pages

 


 

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.
         
  JAFCO Asia Technology Fund II

Date: January 18, 2008
 
 
  Signature:  /s/ Hiroshi Yamada    
     
  Name/Title: Hiroshi Yamada/Director   
 
 
  JAFCO Investment (Asia Pacific) Ltd.
(Co. Reg. No. 199001150W)
Date: January 18, 2008
 
 
  Signature:  /s/ Hiroshi Yamada   
     
  Name/Title: Hiroshi Yamada/Director   
 
 
  JAFCO Asia Technology Fund II (Barbados) Limited

Date: January 18, 2008
 
 
  Signature:  /s/ Hiroshi Yamada   
 
  Name/Title: Hiroshi Yamada/Director   
     
 
Page 7 of 7 Pages
JOINT FILING AGREEMENT