UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

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

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

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).

(1) Solely in its capacity as the general partner of PAG Investment, LP.

(1) Solely in its capacity as the sole shareholder of of PAG Limited.

Gobi Acquisition Corp.

33/F, Three Pacific Place

1 Queen’s Road East,

Hong Kong

This statement is filed by the entities listed below (the “Reporting Persons”):

PAG Investment, LLC

PAG Investment LP

PAG Limited

PAG Capital II Limited

For PAG Investment, LLC, PAG Investment LP and PAG Limited:

PO Box 472, 2nd Floor,

Harbour Place,

103 South Church St.,

George Town, Grand Cayman KY1-1106,

Cayman Islands

For PAG Capital II Limited:

Commence Chambers,

P.O. Box 2208, Road Town,

Tortola, British Virgin Islands

PAG Investment, LLC — Cayman Islands

PAG Investment LP — Cayman Islands

PAG Limited — Cayman Islands

PAG Capital II Limited — British Virgin Islands

Class A ordinary shares of the Issuer, par value $0.0001 per share

G4022Y 104

The information required by Items 4(a) - (c) is set forth in Rows (5) - (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

As of December 31, 2021, PAG Investment, LLC, as the record holder, holds 310, 851 Class A ordinary shares and 6,310, 634 Class B ordinary shares of the Issuer, which in the aggregate represent approximately 20.5% of the Issuer’s issued and outstanding ordinary shares and assuming the conversion of all Class B ordinary shares into Class A ordinary shares. As of December 31, 2021, PAG Investment LP, as the record holder, holds 20,000,000 Class A ordinary shares of the Issuer, which represents approximately 62.1% of the Issuer’s issued and outstanding ordinary shares and assuming the conversion of all Class B ordinary shares into Class A ordinary shares. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer’s initial business combination or earlier at the option of the holders thereof at a one-for-one basis, subject to adjustment, as more fully described in the Issuer’s amended and restated memorandum and articles of association or under the heading “Description of Securities—Founder Shares” in the issuer’s IPO prospectus.

PAG Investment, LP is the sole member of PAG Investment, LLC. PAG Limited is the general partner of PAG Investment, LP. PAG Capital II Limited is the sole shareholder of PAG Limited. Messrs. Weijian Shan, David Wong and Lincoln Pan are the directors of PAG Capital II Limited and as such may be deemed to have voting and dispositive control of the ordinary shares held of record by PAG Investment, LLC and PAG Investment, LP. However, because the voting and disposition of any equity interest in the Issuer require the approval of two or more of the directors of PAG Capital II Limited, none of the individuals is deemed a beneficial owner of the ordinary shares under the so-called "rule of three.”

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

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.

Dated: February 14, 2022

CUSIP No. G4022Y 104

Schedule 13G

Page 9 of 9

LIST OF EXHIBITS