Li Auto Inc 6-K, filed Sep 7, 2021
Li Auto Inc. (LI)
About this 6-K
Li Auto Inc filed this 6-K on September 7, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2021
Commission File Number: 001-39407
Li Auto Inc.
(Registrant’s Name)
11 Wenliang Street
Shunyi District, Beijing 101399
People’s Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EXPLANATORY NOTE
We made an announcement dated September 5, 2021 with The Stock Exchange of Hong Kong Limited in relation to the partial exercise by the joint global coordinators, on behalf of the international underwriters, of the option to purchase additional Class A ordinary shares from us certain stabilizing actions, and the end of the stabilization period in connection with our global offering and listing of Class A ordinary shares on The Stock Exchange of Hong Kong Limited. For details, please refer to exhibit 99.1 to this current report on Form 6-K.
Safe Harbor Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” and similar statements. Statements that are not historical facts, including statements about the allotment and issuance of Class A ordinary shares and additional net proceeds, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. There can be no guarantee that the allotment and issuance of Class A ordinary shares will be completed as planned, or that the expected benefits from the additional net proceeds will be achieved. You should consider the risk factors included in the registration statement (including any documents incorporated by reference), prospectus, and prospectus supplements that have been filed with the U.S. Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement and are based on assumptions that we believe to be reasonable as of this date, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Li Auto Inc. | ||
|---|---|---|
| By | /s/ Tie Li | |
| Name | : | Tie Li |
| Title | : | Director and Chief Financial Officer |
Date: September 7, 2021
Exhibit 99.1
Hong Kong Exchanges and ClearingLimited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and Hong Kong Securities Clearing Company Limited(“HKSCC”) take no responsibility for the contents of this announcement, make no representation as to its accuracy orcompleteness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or anypart of the contents of this announcement.
Unless otherwise defined herein,capitalized terms used in this announcement shall have the same meanings as those defined in the Hong Kong prospectus dated Tuesday, August 3,2021 (the “Prospectus”) issued by Li Auto Inc. (the “Company”).
This announcement is madepursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of HongKong).
This announcement is for informationpurposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This announcement is nota prospectus. Potential investors should read the Prospectus for detailed information about the Company and the Global Offering describedbelow before deciding whether or not to invest in the Offer Shares.
This announcement does notconstitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction.Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. SecuritiesAct of 1933, as amended (the “U.S. Securities Act”). Any public offering of our securities to be made in the UnitedStates will be made by means of a prospectus that may be obtained from us and that will contain detailed information about us and ourmanagement, as well as financial statements. We have filed our registration statement on Form F-3 with the United States Securitiesand Exchange Commission in connection with the Global Offering.
The Company is controlled throughweighted voting rights. Prospective investors should be aware of the potential risks of investing in a company with a WVR structure, inparticular that the WVR Beneficiaries, whose interests may not necessarily be aligned with those of our Shareholders as a whole, willbe in a position to exert significant influence over the outcome of Shareholders’ resolutions, irrespective of how other Shareholdersvote. For further information about the risks associated with our WVR structure, see the section headed “Risk Factors – RisksRelating to Our Corporate Structure” in the Prospectus. Prospective investors should make the decision to invest in the Companyonly after due and careful consideration.
Li Auto Inc.
理想汽車
(A companycontrolled through weighted voting rights and incorporated in the Cayman Islands with limited liability)
(Stock Code: 2015)
PARTIAL EXERCISE OF THE OVER-ALLOTMENTOPTION,
STABILIZING ACTIONS AND ENDOF STABILIZATION PERIOD
PARTIAL EXERCISE OF THE OVER-ALLOTMENTOPTION
The Company refers to the Prospectus and the allotment results announcement of the Company dated August 11, 2021. On September 3, 2021 (after trading hours), the Joint Global Coordinators, on behalf of the International Underwriters, have partially exercised the Over-allotment Option in respect of an aggregate of 13,869,700 Class A Ordinary Shares (the “Over-allotment Shares”), representing approximately 13.87% of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option.
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Pursuant to the Stock Borrowing Agreement entered into between Goldman Sachs International and Inspired Elite Investments Limited, Goldman Sachs International has borrowed 15,000,000 Class A Ordinary Shares from Inspired Elite Investments Limited to cover over-allocations in the International Offering. The Over-allotment Shares will be used to facilitate the return to Inspired Elite Investments Limited of part of the borrowed Class A Ordinary Shares. The Company will allot and issue the Over-allotment Shares at HK$118.00 per Class A Ordinary Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%), being the International Offer Price.
Approval of Listing
The Listing Committee of the Hong Kong Stock Exchange has granted the approval for the listing of and permission to deal in the Over-allotment Shares. Listing of the Over-allotment Shares on the Main Board of the Hong Kong Stock Exchange will commence at 9:00 a.m. on September 8, 2021.
Total Number of Shares ofthe Company upon the Partial Exercise of the Over-allotment Option
The Company’s total number of issued and outstanding Class A Ordinary Shares immediately before and immediately after the completion of the partial exercise of the Over-allotment Option (assuming the total number of issued and outstanding Class A Ordinary Shares remains unchanged since the Latest Practicable Date, except for the Class A Ordinary Shares issued pursuant to the Global Offering) is 1,696,033,630 Class A Ordinary Shares and 1,709,903,330 Class A Ordinary Shares, respectively. The Company’s total number of issued and outstanding Class B Ordinary Shares immediately before and immediately after the completion of the partial exercise of the Over-allotment Option is 355,812,080 Class B Ordinary Shares.
Use of Proceeds
The Company will receive additional net proceeds of approximately HK$1.6 billion for the issue of the Over-allotment Shares, after deducting estimated offering expenses payable by us in relation to the exercise of the Over-allotment Option. The Company intends to apply the additional net proceeds towards the same purposes as set out in the section headed “Future Plans and Use of Proceeds” in the Prospectus.
PUBLIC FLOAT
The Company confirms that immediately following completion of the partial exercise of the Over- allotment Option, the Company will continue to comply with the public float requirements under Rule 8.08(1)(a) of the Listing Rules.
STABILIZING ACTIONS AND ENDOF STABILIZATION PERIOD
The Company announces that the stabilization period in connection with the Global Offering ended on September 5, 2021, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering.
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Goldman Sachs (Asia) L.L.C., as Stabilizing Manager, or any person acting for it during the stabilization period, has undertaken the following stabilizing actions:
| (1) | over-allocations of an aggregate of 15,000,000 Class A Ordinary Shares in the International Offering,<br>representing 15% of the total number of the Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment<br>Option); |
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| (2) | the borrowing of an aggregate of 15,000,000 Class A Ordinary Shares from Inspired Elite Investments<br>Limited pursuant to the Stock Borrowing Agreement to cover over-allocations in the International Offering; |
| --- | --- |
| (3) | successive purchases of an aggregate of 2,418,300 Class A Ordinary Shares in the price range of HK$101.80<br>to HK$118.00 per Class A Ordinary Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Stock Exchange trading<br>fee of 0.005%) on the market during the stabilization period. The last purchase made by the Stabilizing Manager on the market during the<br>course of the stabilization period was on August 20, 2021 at the price of HK$102.40 per Class A Ordinary Share (exclusive of<br>brokerage of 1.0%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%); |
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| (4) | the sale of an aggregate of 1,288,000 Class A Ordinary<br>Shares in the price range of HK$118.10 to HK$119.50 per Class A Ordinary Share (exclusive of brokerage of 1%, SFC transaction levy<br>of 0.0027% and the Stock Exchange trading fee of 0.005%) on the market during the stabilization period; and |
| --- | --- |
| (5) | the partial exercise of the Over-allotment Option by the Joint<br>Global Coordinators, on behalf of the International Underwriters, on September 3, 2021, in respect of an aggregate of 13,869,700<br>Class A Ordinary Shares, representing approximately 13.87% of the Offer Shares initially available under the Global Offering before<br>any exercise of the Over-allotment Option, to facilitate the return to Inspired Elite Investments Limited of part of the borrowed Class A<br>Ordinary Shares under the Stock Borrowing Agreement which were used to cover over-allocations in the International Offering. |
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| By order of the Board | |
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| LiAuto Inc. | |
| Xiang Li | |
| Chairman |
Hong Kong, September 5, 2021
As of the date of this announcement,the board of directors of the Company comprises Mr. Xiang Li, Mr. Yanan Shen, and Mr. Tie Li as executive directors, Mr. XingWang and Mr. Zheng Fan as non-executive directors, and Mr. Hongqiang Zhao, Mr. Zhenyu Jiang, and Prof. Xing Xiao as independentnon-executive directors.
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Exhibit 99.2
FF301
Monthly Return for Equity Issuer and Hong Kong DepositaryReceipts listed under Chapter 19B of the Exchange Listing Rules on Movements in
Securities
| For the month ended: | 31 August 2021 | Status: | New Submission |
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To : Hong Kong Exchanges and Clearing Limited
| Name of Issuer: | Li Auto Inc. |
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| Date<br>Submitted: | 06 September 2021 |
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I. Movements in Authorised / Registered Share Capital
| 1. Type of shares | Ordinary shares | Class of shares | Class A | Listed on SEHK (Note 1) | Yes | ||||
|---|---|---|---|---|---|---|---|---|---|
| Stock code | 02015 | Description | |||||||
| Number of authorised/registered shares | Par value | Authorised/registered share capital | |||||||
| Balance at close of preceding month | 4,500,000,000 | USD | 0.0001 | ||||||
| Increase / decrease (-) | 0 | ||||||||
| Balance at close of the month | 4,500,000,000 | USD | 0.0001 |
All values are in US Dollars.
| 2. Type of shares | WVR ordinary shares | Class of shares | Class B | Listed on SEHK (Note 1) | No | ||||
|---|---|---|---|---|---|---|---|---|---|
| Stock code | 02015 | Description | |||||||
| Number of authorised/registered shares | Par value | Authorised/registered share capital | |||||||
| Balance at close of preceding month | 500,000,000 | USD | 0.0001 | ||||||
| Increase / decrease (-) | 0 | ||||||||
| Balance at close of the month | 500,000,000 | USD | 0.0001 |
All values are in US Dollars.
Total authorised/registered share capital at the end of the month: USD 500,000
Remarks:
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| Balance upon listing on August 12, 2021. |
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II. Movements in Issued Shares
| 1. Type of shares | Ordinary shares | Class of shares | Class A | Listed on SEHK (Note 1) | Yes | |
|---|---|---|---|---|---|---|
| Stock code | 02015 | Description | ||||
| Balance at close of preceding month | 1,696,033,630 | |||||
| Increase / decrease (-) | 0 | |||||
| Balance at close of the month | 1,696,033,630 | |||||
| 2. Type of shares | WVR ordinary shares | Class of shares | Class B | Listed on SEHK (Note 1) | No | |
| --- | --- | --- | --- | --- | --- | --- |
| Stock code | 02015 | Description | ||||
| Balance at close of preceding month | 355,812,080 | |||||
| Increase / decrease (-) | 0 | |||||
| Balance at close of the month | 355,812,080 |
Remarks:
| Opening balance upon listing on August 12, 2021. |
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III. Details of Movements in Issued Shares
(A). Share Options (under Share Option Schemes of theIssuer)
| 1. Type of shares issuable | Ordinary shares | Class of shares | Class A | Shares issuable to be listed on SEHK (Note 1) | Yes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock code of shares issuable (if listed on SEHK) (Note 1) | 02015 | |||||||||||
| Particulars of share option<br><br> scheme | Number of share <br><br>options outstanding<br> at<br><br> close of preceding<br><br> month | Movement during the month | Number of share options<br><br> outstanding at<br> close of<br><br> the month | No. of new shares of<br><br> issuer issued<br> during the<br><br> month pursuant thereto (A) | No. of new shares of<br><br> issuer which may<br> be<br><br> issued pursuant thereto<br><br> as at close of the month | The total number of<br><br> securities which may be<br><br> issued upon exercise of<br><br> all share options to be<br><br> granted under the<br><br> scheme at close of the<br><br> month | ||||||
| 1). | 2019 Plan (Share incentive plan adopted on 2/7/2019<br> as amended from time<br><br> <br>to time) | 55,317,578 | Cancelled | -54,000 | 55,261,578 | 0 | 55,261,578 | 66,913,000 | ||||
| Others | -2,000 | |||||||||||
| General Meeting approval<br><br> <br>date (if applicable) _______________________________ | ||||||||||||
| 2). | 2020 Plan (Share incentive plan adopted on 9/7/2020 as amended from time to time) | 35,485,500 | Cancelled | -259,000 | 35,226,500 | 0 | 35,226,500 | 102,690,000 | ||||
| General Meeting approval<br><br> <br>date (if applicable) _______________________________ |
Total A (Ordinary shares Class A): 0
Total funds raised during the month from exercise of options: HKD 0
Remarks:
| Opening<br>balance upon listing on August 12, 2021 (the "Listing Date")<br><br><br><br><br><br><br><br>1) Others : -2,000 refers to 2,000 options being exercised.<br>The exercise of 2,000 options was settled using the Class A Ordinary Shares issued to the Depositary for bulk issuance of ADSs reserved<br>for further issuances upon the exercise or vesting of awards granted under the Share Incentive Plans. |
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(B). Warrants to Issue Shares of the Issuer which areto be ListedNot applicable
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(C). Convertibles (i.e. Convertible into Issue Sharesof the Issuer which are to be Listed)
| 1. Type of shares issuable | Ordinary shares | Class of shares | Class A | Shares issuable to be listed on SEHK (Note 1) | No | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock code of shares issuable (if listed on SEHK) (Note 1) | |||||||||||
| Description of the Convertibles | Currency | Amount at close of<br><br> preceding<br> month | Movement during the month | Amount at close of the<br><br> month | No. of new shares of<br><br> issuer issued during the<br><br> month pursuant thereto (C) | No. of new shares of<br><br> issuer which may be<br><br> issued pursuant thereto<br><br> as at close of the month | |||||
| 1). | USD | 862,500,000 | 862,500,000 | 0 | 60,861,104 | ||||||
| Type of convertibles Bond/Notes <br> Stock code of the Convertibles <br> (if listed on SEHK) (Note 1) <br> Subscription/Conversion price 14.17<br> General Meeting approval date<br> (if applicable) |
All values are in US Dollars.
Total C (Ordinary shares Class A): 0
(D). Any other Agreements or Arrangements to Issue Sharesof the Issuer which are to be listed, including Options (other than Share Options Schemes)
| 1. Type of shares issuable | Ordinary shares | Class of shares | Class A | Shares issuable to be listed on SEHK (Note 1) | Yes | ||||
|---|---|---|---|---|---|---|---|---|---|
| Stock code of shares issuable (if listed on SEHK) (Note 1) | 02015 | ||||||||
| Description | General Meeting approval date<br>(if applicable) | No. of new shares of<br><br> issuer issued<br> during the<br><br> month pursuant thereto (D) | No. of new shares of<br><br> issuer which may be<br><br> issued pursuant thereto<br><br> as at close of the month | ||||||
| 1). | 2019 Plan - restricted shares (Share incentive plan<br>adopted on 2/7/2019 as amended from time to time) | 0 | 0 | ||||||
| 2). | 2019 Plan - restricted share unit (Share incentive<br>plan adopted on 2/7/2019 as amended from time to time) | 0 | 0 | ||||||
| 3). | 2020 Plan - restricted shares (Share incentive plan<br>adopted on 9/7/2020 as amended from time to time) | 0 | 0 | ||||||
| 4). | 2020 Plan - restricted share unit (Share incentive<br>plan adopted on 9/7/2020 as amended from time to time) | 0 | 8,586 |
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Total D (Ordinary shares Class A): 0
(E).Other Movements in Issued ShareNot applicable
| Total<br> increase / decrease (-) in Ordinary shares Class A during the month (i.e. Total of A to E) 0<br><br> <br><br><br><br><br>Total increase / decrease<br>(-) in Ordinary shares Class A during the month (i.e. Total of A to E) 0 |
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IV. Information about Hong Kong Depositary Receipt (HDR) Not applicable
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V. Confirmations
| We<br>hereby confirm to the best knowledge, information and belief that, in relation to each of the securities issued by the issuer during the<br>month as set out in Part III and IV which has not been previously disclosed in a return published under Main Board Rule 13.25A / GEM Rule<br>17.27A, it has been duly authorised by the board of directors of the listed issuer and, insofar as applicable:<br><br><br><br><br><br><br><br>(Note 2)<br><br><br><br><br><br><br><br>(i) all money due to the listed issuer in respect of the<br>issue of securities has been received by it;<br><br><br><br><br><br><br><br>(ii) all pre-conditions for listing imposed by the Rules<br>Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited under "Qualifications of listing" have been fulfilled;<br>(iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled;<br><br><br><br>(iv) all the securities of each class are in all respects<br>identical (Note 3);<br><br><br><br><br><br><br><br>(v) all documents required by<br>the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and<br>that compliance has been made with other legal requirements;<br><br><br><br><br><br><br><br>(vi) all the definitive documents of title have been delivered/are<br>ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue;<br><br><br><br><br><br><br><br>(vii) completion has taken place<br>of the purchase by the issuer of all property shown in the listing document to have been purchased or agreed to be purchased by it and<br>the purchase consideration for all such property has been duly satisfied; and<br><br><br><br><br><br><br><br>(viii) the trust deed/deed poll relating to the<br>debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been<br>filed with the Registrar of Companies. |
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Remarks:
| Capitalized terms used herein shall have the same meanings<br>as those defined in the Company's prospectus dated August 3, 2021. | |
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| Submitted by: | Wang Yang |
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| Title: | Joint Company Secretary |
| (Director, Secretary or other Duly Authorised Officer) |
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Notes
| 1. | SEHK refers to Stock Exchange of Hong Kong. |
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| 2. | Items (i) to (viii) are suggested forms of confirmation which may be amended to meet individual cases.<br>Where the issuer has already made the relevant confirmations in a return published under Main Board Rule 13.25A / GEM Rule 17.27A in relation<br>to the securities issued, no further confirmation is required to be made in this return. |
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| 3. | “Identical” means in this context: |
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| ． | the securities are of the same nominal value with the same amount<br>called up or paid up; |
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| ． | they are entitled to dividend/interest at the same rate and for the same period, so that at the next<br>ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and |
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| ． | they carry the same rights as to unrestricted transfer, attendance<br>and voting at meetings and rank pari passu in all other respects. |
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| 4. | If there is insufficient space, please submit additional document. |
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| 5. | In the context of repurchase of shares: |
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| ． | “shares issuable to be listed on SEHK” should be<br>construed as “shares repurchased listed on SEHK”; and |
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| ． | “stock code of shares issuable (if listed on SEHK)”<br>should be construed as “stock code of shares repurchased (if listed on SEHK)”; and |
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| ． | “type of shares issuable” should be construed as<br>“type of shares repurchased”; and |
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| ． | “issue and allotment date” should be construed as<br>“cancellation date” |
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| 6. | In the context of redemption of shares: |
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| ． | “shares issuable to be listed on SEHK” should be<br>construed as “shares redeemed listed on SEHK”; and |
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| ． | “stock code of shares issuable (if listed on SEHK)”<br>should be construed as “stock code of shares redeemed (if listed on SEHK)”; and |
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| ． | “type of shares issuable” should be construed as<br>“type of shares redeemed”; and |
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| ． | “issue and allotment date” should be construed as<br>“redemption date” |
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