QuickLinks -- Click here to rapidly navigate through this document As filed with the Securities and Exchange Commission on July 27, 2020
Registration No. 333-239812
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 2
TO
FORM F-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Li Auto Inc.
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant's name into English)
| | | | |
Cayman Islands (State or other jurisdiction of incorporation or organization) | | 3711 (Primary Standard Industrial Classification Code Number) | | Not Applicable (I.R.S. Employer Identification No.) |
8th Floor, Block D, Building 8
4th District of Wangjing East Garden
Chaoyang District, Beijing 100102
People's Republic of China
+86 (10) 8742-7209
(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)
Cogency Global Inc.
122 East 42nd Street, 18th Floor
New York, NY 10168
(800) 221-0102
(Name, address, including zip code, and telephone number, including area code, of agent for service)
| | | | |
Copies to: |
Z. Julie Gao, Esq. Skadden, Arps, Slate, Meagher & Flom LLP c/o 42/F, Edinburgh Tower, The Landmark 15 Queen's Road Central Hong Kong +852 3740-4700 | | Haiping Li, Esq. Skadden, Arps, Slate, Meagher & Flom LLP 46/F, Tower 2, Jing An Kerry Center 1539 Nanjing West Road, Shanghai People's Republic of China +86 (21) 6193-8200 | | David T. Zhang, Esq. Steve Lin, Esq. Kirkland & Ellis International LLP c/o 26th Floor, Gloucester Tower, The Landmark 15 Queen's Road Central Hong Kong +852 3761-3300 |
Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. o
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.
Emerging growth company ý
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. o
- †
- The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.
CALCULATION OF REGISTRATION FEE
| | | | | | | | |
| | | | | | | | |
|
Title of Each Class of Securities to Be Registered
| | Amount to Be Registered(2)(3)
| | Proposed Maximum Offering Price Per Share(3)
| | Proposed Maximum Aggregate Offering Price(2)(3)
| | Amount of Registration Fee(4)
|
---|
|
Class A ordinary shares, par value US$0.0001 per share(1) | | 218,500,000 | | US$5.00 | | US$1,092,500,000 | | US$141,806.50 |
|
- (1)
- American depositary shares issuable upon deposit of Class A ordinary shares registered hereby will be registered under a separate registration statement on Form F-6 (Registration No. 333-240079). Each American depositary share represents two Class A ordinary shares.
- (2)
- Includes Class A ordinary shares that are issuable upon the exercise of the underwriters' option to purchase additional ADSs. Also includes Class A ordinary shares initially offered and sold outside the United States that may be resold from time to time in the United States either as part of their distribution or within 40 days after the later of the effective date of this registration statement and the date the shares are first bona fide offered to the public. These Class A ordinary shares are not being registered for the purpose of sales outside the United States.
- (3)
- Estimated solely for the purpose of determining the amount of registration fee in accordance with Rule 457(a) under the Securities Act of 1933, as amended.
- (4)
- Previously paid.
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant files a further amendment which specifically states that this Registration Statement will thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement becomes effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
EXPLANATORY NOTE
This Amendment No. 2 is being filed solely for the purpose of filing an exhibit to this registration statement on Form F-1, or the Registration Statement, to update the filing status of such exhibit in Part II of the Registration Statement, and to amend and restate the exhibit index set forth in Part II of the Registration Statement. No changes have been made to the Registration Statement other than this explanatory note as well as revised versions of the cover page, filing status of such exhibit, and exhibit index of the Registration Statement. This Amendment No. 2 does not contain copies of the prospectus included in the Registration Statement, which remains unchanged from Amendment No. 1 to the Registration Statement, filed on July 24, 2020.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Cayman Islands law does not limit the extent to which a company's articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime.
The post-offering amended and restated articles of association that we expect to adopt to become effective immediately prior to the completion of this offering provide for indemnification of our directors and officers, and their personal representatives, against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such persons, other than by reason of such person's dishonesty, willful default or fraud, in or about the conduct of our company's business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.
Pursuant to the indemnification agreements the form of which is filed as Exhibit 10.3 to this registration statement, we agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or officer.
The underwriting agreement, the form of which is filed as Exhibit 1.1 to this registration statement, will also provide for indemnification by the underwriters of us and our officers and directors for certain liabilities, including liabilities arising under the Securities Act, but only to the extent that such liabilities are caused by information relating to the underwriters furnished to us in writing expressly for use in this registration statement and certain other disclosure documents.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
Item 7. RECENT SALES OF UNREGISTERED SECURITIES.
During the past three years, we have issued the following securities. We believe that each of the following issuances was exempt from registration under the Securities Act pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering or in reliance on Regulation S under the Securities Act regarding sales by an issuer in offshore transactions. No underwriters were involved in these issuances of securities.
| | | | | | |
Securities/Purchaser | | Date of Sale or Issuance | | Number of Securities | | Consideration |
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Class A Ordinary Shares | | | | | | |
Da Gate Limited | | June 14, 2019 | | 15,000,000 | | US$1,500.00 |
Class B Ordinary Shares | | | | | | |
Amp Lee Ltd. | | June 14, 2019 | | 240,000,000 | | US$24,000.00 |
Series Pre-A Preferred Shares | | | | | | |
Amp Lee Ltd. | | June 14, 2019 | | 10,000,000 | | US$1,000.00 |
II-1
| | | | | | |
Securities/Purchaser | | Date of Sale or Issuance | | Number of Securities | | Consideration |
---|
Sea Wave Overseas Limited | | June 14, 2019 | | 10,000,000 | | US$1,000.00 |
Rainbow Six Limited | | June 14, 2019 | | 7,500,000 | | US$750.00 |
Fresh Drive Limited | | June 14, 2019 | | 7,500,000 | | US$750.00 |
RUNNING GOAL LIMITED | | July 2, 2019 | | 3,000,000 | | US$300.00 |
Future Capital Discovery Fund I, L.P. | | July 2, 2019 | | 3,000,000 | | US$300.00 |
Future Capital Discovery Fund II, L.P. | | July 2, 2019 | | 9,000,000 | | US$900.00 |
Series A-1 Preferred Shares | | | | | | |
Sea Wave Overseas Limited | | June 14, 2019 | | 2,986,364 | | US$298.64 |
Rainbow Six Limited | | June 14, 2019 | | 3,650,000 | | US$365.00 |
Angel Like Limited | | June 14, 2019 | | 1,659,091 | | US$165.91 |
ZHEJIANG LEO (HONGKONG) LIMITED | | July 2, 2019 | | 58,068,182 | | US$5,806.82 |
Rainbow Six Limited | | July 2, 2019 | | 8,295,455 | | US$829.55 |
ROYDSWELL NOBLE LIMITED | | July 2, 2019 | | 1,659,091 | | US$165.91 |
Ningbo Meihuamingshi | | August 29, 2019 | | 1,659,091 | | exercise of warrants |
Shanghai Huashenglingfei | | August 29, 2019 | | 16,590,909 | | exercise of warrants |
Jiaxing Zizhiyihao | | August 29, 2019 | | 1,659,091 | | exercise of warrants |
Xiamen Yuanjia | | August 29, 2019 | | 33,181,818 | | exercise of warrants |
Series A-2 Preferred Shares | | | | | | |
Angel Like Limited | | June 14, 2019 | | 1,267,716 | | US$126.77 |
Striver Holdings Ltd. | | June 14, 2019 | | 12,677,156 | | US$1,267.72 |
Tianjin Lanchixinhe | | August 29, 2019 | | 12,677,156 | | exercise of warrants |
Shanghai Jingheng | | August 29, 2019 | | 12,677,156 | | exercise of warrants |
Ningbo Meishan Ximao | | August 29, 2019 | | 34,228,322 | | exercise of warrants |
Shanghai Huashenglingfei | | August 29, 2019 | | 6,338,578 | | exercise of warrants |
Ningbo Meishan Zhongka | | August 29, 2019 | | 3,803,147 | | exercise of warrants |
Hangzhou Shangyijiacheng | | August 29, 2019 | | 43,102,331 | | exercise of warrants |
Series A-3 Preferred Shares | | | | | | |
Amp Lee Ltd. | | June 14, 2019 | | 9,085,295 | | US$908.53 |
Rainbow Six Limited | | June 14, 2019 | | 10,775,583 | | US$1,077.56 |
Light Room Limited | | June 14, 2019 | | 1,690,287 | | US$169.03 |
Wisdom Haoxin Limited | | June 14, 2019 | | 1,056,430 | | US$105.64 |
ZHEJIANG LEO (HONGKONG) LIMITED | | July 2, 2019 | | 10,564,297 | | US$1,056.43 |
Tianjin Lanchixinhe | | August 29, 2019 | | 2,112,859 | | exercise of warrants |
Shanghai Jingheng | | August 29, 2019 | | 3,169,289 | | exercise of warrants |
Ningbo Meishan Hongzhan | | August 29, 2019 | | 4,225,719 | | exercise of warrants |
Jiaxing Zizhiyihao | | August 29, 2019 | | 2,112,859 | | exercise of warrants |
Xiamen Yuanjia | | August 29, 2019 | | 2,746,717 | | exercise of warrants |
Shenzhen Jiayuanqihang | | August 29, 2019 | | 10,564,297 | | exercise of warrants |
Ningbo Meishan Zhongka | | August 29, 2019 | | 7,395,008 | | exercise of warrants |
Series B-1 Preferred Shares | | | | | | |
Amp Lee Ltd. | | June 14, 2019 | | 7,629,770 | | US$762.98 |
Sea Wave Overseas Limited | | June 14, 2019 | | 762,977 | | US$76.30 |
Rainbow Six Limited | | June 14, 2019 | | 15,259,540 | | US$1,525.95 |
Wisdom Haoxin Limited | | June 14, 2019 | | 762,977 | | US$76.30 |
II-2
| | | | | | |
Securities/Purchaser | | Date of Sale or Issuance | | Number of Securities | | Consideration |
---|
Tembusu Limited | | July 2, 2019 | | 3,051,908 | | US$305.19 |
GZ Limited | | July 2, 2019 | | 9,918,701 | | US$991.87 |
EAST JUMP MANAGEMENT LIMITED | | July 2, 2019 | | 11,444,655 | | US$1,144.47 |
Future Capital Discovery Fund II, L.P. | | July 2, 2019 | | 381,488 | | US$38.15 |
Jiaxing Fanhe | | August 29, 2019 | | 3,814,885 | | US$381.49 |
Tianjin Lanchixinhe | | August 29, 2019 | | 3,051,908 | | exercise of warrants |
Ningbo Meishan Shanxingshiji | | August 29, 2019 | | 5,340,839 | | exercise of warrants |
Hubei Meihuashengshi | | August 29, 2019 | | 1,144,465 | | exercise of warrants |
Xiamen Xinweidachuang | | August 29, 2019 | | 30,519,080 | | exercise of warrants |
Hangzhou Yixing | | August 29, 2019 | | 3,814,885 | | exercise of warrants |
Beijing Qingmiaozhuang | | August 29, 2019 | | 6,103,816 | | exercise of warrants |
Jiaxing Zizhiyihao | | August 29, 2019 | | 762,977 | | exercise of warrants |
Xiamen Yuanjia | | August 29, 2019 | | 7,629,770 | | exercise of warrants |
China TH Capital Limited | | August 29, 2019 | | 3,814,885 | | exercise of warrants |
Xiamen Xinweidachuang | | January 23, 2020 | | 3,051,908 | | exercise of warrants |
Series B-2 Preferred Shares | | | | | | |
Amp Lee Ltd. | | June 14, 2019 | | 13,820,511 | | US$1,382.05 |
Rainbow Six Limited | | June 14, 2019 | | 7,063,895 | | US$706.39 |
Hybrid Innovation Limited | | June 14, 2019 | | 84,767 | | US$8.48 |
GZ Limited | | July 2, 2019 | | 1,458,694 | | US$145.87 |
Future Capital Discovery Fund II, L.P. | | July 2, 2019 | | 882,987 | | US$88.30 |
Cango Inc. | | July 2, 2019 | | 7,063,895 | | US$706.39 |
Ningbo Meishan Shanxingshiji | | August 29, 2019 | | 706,390 | | exercise of warrants |
Ningbo Meishan Hongzhan | | August 29, 2019 | | 3,531,948 | | exercise of warrants |
Beijing Shouxin Jinyuan | | September 3, 2019 | | 21,191,686 | | exercise of warrants |
Series B-3 Preferred Shares | | | | | | |
Amp Lee Ltd. | | June 14, 2019 | | 21,191,686 | | US$2,119.17 |
Rainbow Six Limited | | June 14, 2019 | | 7,063,895 | | US$706.39 |
Angel Like Limited | | June 14, 2019 | | 1,412,779 | | US$141.28 |
Striver Holdings Ltd. | | June 14, 2019 | | 10,595,843 | | US$1,059.58 |
Cango Inc. | | July 2, 2019 | | 14,127,791 | | US$1,412.78 |
Future Capital Discovery Fund II, L.P. | | July 2, 2019 | | 1,199,820 | | US$120.0 plus conversion of convertible promissory notes |
Future Capital Discovery Fund I, L.P. | | July 2, 2019 | | 719,892 | | US$72.0 plus conversion of convertible promissory notes |
BRV Aster Fund II, L.P. | | July 2, 2019 | | 4,729,772 | | US$473.0 plus conversion of convertible promissory notes |
BRV Aster Opportunity Fund I, L.P. | | July 2, 2019 | | 3,783,818 | | US$378.4 plus conversion of convertible promissory notes |
II-3
| | | | | | |
Securities/Purchaser | | Date of Sale or Issuance | | Number of Securities | | Consideration |
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Unicorn Partners II Investments Limited | | July 2, 2019 | | 1,439,784 | | US$144.0 plus conversion of convertible promissory notes |
Xiamen Xinweidachuang | | August 29, 2019 | | 14,127,791 | | exercise of warrants |
Jiaxing Zizhiyihao | | August 29, 2019 | | 706,390 | | exercise of warrants |
Qingdao Cheying | | August 29, 2019 | | 3,531,948 | | exercise of warrants |
Ningbo Tianshi Renhe | | August 29, 2019 | | 14,127,791 | | exercise of warrants |
Jilin Shougang Zhenxing | | September 3, 2019 | | 10,595,843 | | exercise of warrants |
Chengdu Shougang Silu | | September 3, 2019 | | 10,595,843 | | exercise of warrants |
Series C Preferred Shares | | | | | | |
Amp Lee Ltd. | | July 2, 2019 | | 39,377,750 | | US$80,000,000 |
Zijin Global Inc. | | July 2, 2019 | | 105,115,219 | | US$234,100,000 |
West Mountain Pond Limited | | July 2, 2019 | | 898,037 | | US$2,000,000 |
Lais Science and Technology Ltd. | | July 2, 2019 | | 1,302,154 | | US$2,900,000 |
Raffles Fund SPC—GX Alternative SP | | July 2, 2019 | | 1,347,055 | | US$3,000,000 |
Bytedance (HK) Limited | | July 2, 2019 | | 13,470,553 | | US$30,000,000 |
Rainbow Six Limited | | July 2, 2019 | | 21,357,922 | | US$45,000,000 |
Angel Like Limited | | July 2, 2019 | | 2,475,510 | | US$5,000,000 |
Striver Holdings Ltd. | | July 2, 2019 | | 11,520,915 | | US$21,809,299 |
Cango Inc. | | July 2, 2019 | | 15,774,736 | | US$30,000,000 |
BRV Aster Fund II, L.P. | | July 2, 2019 | | 2,641,285 | | US$5,000,000 |
Future Capital Discovery Fund I, L.P. | | July 2, 2019 | | 1,056,514 | | US$2,000,000 |
Unicorn Partners II Investments Limited | | July 2, 2019 | | 1,056,514 | | US$2,000,000 |
Chemei Shanghai | | August 29, 2019 | | 11,225,461 | | exercise of warrants |
Xiamen Xinweidachuang | | August 29, 2019 | | 7,680,610 | | exercise of warrants |
Xingrui Capital Inc. | | August 29, 2019 | | 3,264,259 | | exercise of warrants |
Jilin Shougang Zhenxing | | September 3, 2019 | | 4,608,366 | | exercise of warrants |
Xiamen Haisi | | January 3, 2020 | | 1,958,556 | | exercise of warrants |
Lighthouse | | January 3, 2020 | | 2,150,571 | | US$215.1 |
Amp Lee Ltd. | | January 23, 2020 | | 3,341,986 | | exercise of anti-dilution rights |
Rainbow Six Limited | | January 23, 2020 | | 1,113,995 | | exercise of anti-dilution rights |
Angel Like Limited | | January 23, 2020 | | 222,799 | | exercise of anti-dilution rights |
Striver Holdings Ltd. | | January 23, 2020 | | 1,670,993 | | exercise of anti-dilution rights |
Future Capital Discovery Fund II, L.P. | | January 23, 2020 | | 189,215 | | exercise of anti-dilution rights |
Future Capital Discovery Fund I, L.P. | | January 23, 2020 | | 113,529 | | exercise of anti-dilution rights |
Cango Inc. | | January 23, 2020 | | 2,227,991 | | exercise of anti-dilution rights |
BRV Aster Fund II, L.P. | | January 23, 2020 | | 745,898 | | exercise of anti-dilution rights |
BRV Aster Opportunity Fund I, L.P. | | January 23, 2020 | | 596,718 | | exercise of anti-dilution rights |
II-4
| | | | | | |
Securities/Purchaser | | Date of Sale or Issuance | | Number of Securities | | Consideration |
---|
Unicorn Partners II Investments Limited | | January 23, 2020 | | 227,058 | | exercise of anti-dilution rights |
Jiaxing Zizhiyihao | | January 23, 2020 | | 111,400 | | exercise of anti-dilution rights |
Xiamen Xinweidachuang | | January 23, 2020 | | 2,227,991 | | exercise of anti-dilution rights |
Qingdao Cheying | | January 23, 2020 | | 556,998 | | exercise of anti-dilution rights |
Ningbo Tianshi Renhe | | January 23, 2020 | | 2,227,991 | | exercise of anti-dilution rights |
Jilin Shougang Zhenxing | | January 23, 2020 | | 1,670,993 | | exercise of anti-dilution rights |
Chengdu Shougang Silu | | January 23, 2020 | | 1,670,993 | | exercise of anti-dilution rights |
Series D Preferred Shares | | | | | | |
Inspired Elite Investments Limited | | July 1, 2020 | | 212,816,737 | | US$500,000,000 |
Kevin Sunny Holding Limited | | July 1, 2020 | | 7,576,722 | | US$20,000,000 |
Amp Lee Ltd. | | July 1, 2020 | | 11,365,082 | | US$30,000,000 |
Convertible Promissory Notes | | | | | | |
Future Capital Discovery Fund I, L.P., Future Capital Discovery Fund II, L.P., Unicorn Partners II Investments Limited, BRV Aster Opportunity Fund I, L.P., and BRV Aster Fund II, L.P. | | January and March, 2019 | | | | aggregated principal amount of US$25,000,000 |
Warrants | | | | | | |
Xiamen Yuanjia, Shanghai Huashenglingfei, Jiaxing Zizhiyihao, Ningbo Meihuamingshi, Hangzhou Shangyijiacheng, Tianjin Lanchixinhe, Shanghai Jingheng, Ningbo Meishan Zhongka, Ningbo Meishan Ximao, Ningbo Meishan Hongzhan, Shenzhen Jiayuanqihang, Xiamen Xinweidachuang, Ningbo Meishan Shanxingshiji, Jiaxing Fanhe, Hangzhou Yixing, Beijing Qingmiaozhuang, Hubei Meihuashengshi, Beijing Shouxin Jinyuan, Chengdu Shougang Silu, Jilin Shougang Zhenxing, Taiyi, Ningbo Tianshi Renhe and Qingdao Cheying | | July 2, 2019 | | Warrants to purchase an aggregate of 53,090,909 Series A-1 preferred shares, 112,826,690 Series A-2 preferred shares, 32,326,748 Series A-3 preferred shares, 65,997,510 Series B-1 preferred shares, 25,430,024 Series B-2 preferred shares and 53,685,606 Series B-3 preferred shares. As of the date of this prospectus, all warrants have been exercised in full. | | US$34,335.75 in aggregate |
II-5
| | | | | | |
Securities/Purchaser | | Date of Sale or Issuance | | Number of Securities | | Consideration |
---|
Changsha Longzhu, Xiamen Xinweidachuang, Jilin Shougang Zhenxing, Jiaxing Yingyuan, Beijing Xingrui, and Xiamen Haisi | | July 2, 2019 | | Warrants to purchase 32,577,557 Series C preferred shares. As of the date of this prospectus, all warrants have been exercised in full. | | US$67,164,645 in aggregate |
Xiamen Xinweidachuang | | January 3, 2020 | | Warrant to purchase 3,051,908 Series B-1 preferred shares. As of the date of this prospectus, this warrant has been exercised in full. | | cancellation of 3,051,908 Series B-1 preferred shares surrendered by Tembusu Limited |
Options | | | | | | |
Certain directors, officers and employees | | Various dates | | Options to purchase 59,294,000 Class A ordinary shares | | Past and future services to us |
Item 8. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.
See Exhibit Index beginning on page II-8 of this registration statement.
The agreements included as exhibits to this registration statement contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties were made solely for the benefit of the other parties to the applicable agreement and (i) were not intended to be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate; (ii) may have been qualified in such agreement by disclosure that was made to the other party in connection with the negotiation of the applicable agreement; (iii) may apply contract standards of "materiality" that are different from "materiality" under the applicable securities laws; and (iv) were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement.
We acknowledge that, notwithstanding the inclusion of the foregoing cautionary statements, we are responsible for considering whether additional specific disclosure of material information regarding material contractual provisions is required to make the statements in this registration statement not misleading.
- (b)
- Financial Statement Schedules
Schedules have been omitted because the information required to be set forth therein is not applicable or is shown in the Consolidated Financial Statements or the Notes thereto.
Item 9. UNDERTAKINGS.
The undersigned registrant hereby undertakes to provide to the underwriter at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriter to permit prompt delivery to each purchaser.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions described in Item 6, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore,
II-6
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
The undersigned registrant hereby undertakes that:
- (1)
- For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.
- (2)
- For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
- (3)
- For the purpose of determining liability under the Securities Act to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
- (4)
- For the purpose of determining any liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in an offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
- (i)
- Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
- (ii)
- Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
- (iii)
- The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
- (iv)
- Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
II-7
Li Auto Inc.
Exhibit Index
| | | |
Exhibit Number | | Description of Document |
---|
| 1.1 | | Form of Underwriting Agreement |
| | | |
| 3.1 | † | Third Amended and Restated Memorandum and Articles of Association of the Registrant, as currently in effect |
| | | |
| 3.2 | † | Fourth Amended and Restated Memorandum and Articles of Association of the Registrant (effective upon the closing of this offering) |
| | | |
| 4.1 | † | Registrant's Specimen American Depositary Receipt (included in Exhibit 4.3) |
| | | |
| 4.2 | † | Registrant's Specimen Certificate for Ordinary Shares |
| | | |
| 4.3 | † | Form of Deposit Agreement, among the Registrant, the depositary and holder of the American Depositary Receipt |
| | | |
| 4.4 | † | Amended and Restated Shareholders Agreement between the Registrant and other parties thereto, dated July 1, 2020 |
| | | |
| 4.5 | † | Amendment to Amended and Restated Shareholders Agreement between the Registrant and other parties thereto, dated July 22, 2020 |
| | | |
| 5.1 | † | Opinion of Maples and Calder (Hong Kong) LLP regarding the validity of the ordinary shares being registered and certain Cayman Islands tax matters |
| | | |
| 8.1 | † | Opinion of Maples and Calder (Hong Kong) LLP regarding certain Cayman Islands tax matters (included in Exhibit 5.1) |
| | | |
| 8.2 | † | Opinion of Han Kun Law Offices regarding certain PRC tax matters (included in Exhibit 99.2) |
| | | |
| 10.1 | † | 2019 Share Incentive Plan |
| | | |
| 10.2 | † | 2020 Share Incentive Plan |
| | | |
| 10.3 | † | Form of Indemnification Agreement between the Registrant and its directors and executive officers |
| | | |
| 10.4 | † | Form of Employment Agreement between the Registrant and its executive officers |
| | | |
| 10.5 | † | English translation of executed form of Power of Attorney between a VIE of the Registrant, its shareholders and Wheels Technology as currently in effect, and a schedule of all executed Powers of Attorneys adopting the same form in respect of each of the VIEs of the Registrant |
| | | |
| 10.6 | † | English translation of the executed form of Spousal Consent Letter by the spouse of an individual shareholder of a VIE of the Registrant, as currently in effect, and a schedule of all executed Spousal Consent Letters adopting the same form in respect of each shareholder of the VIEs of the Registrant |
| | | |
| 10.7 | † | English translation of Equity Pledge Agreement between Beijing CHJ, its shareholders, and Wheels Technology, dated May 13, 2020 |
| | | |
| 10.8 | † | English translation of Exclusive Consultation and Service Agreement between Beijing CHJ and Wheels Technology, dated May 13, 2020 |
| | | |
| 10.9 | † | English translation of Equity Option Agreement between Beijing CHJ, its shareholders, and Wheels Technology, dated May 13, 2020 |
|
| | |
II-8
| | | |
Exhibit Number | | Description of Document |
---|
| 10.10 | † | English translation of Business Operation Agreement between Xindian Information, its shareholders, and Wheels Technology, dated April 2, 2019 |
| | | |
| 10.11 | † | English translation of Equity Pledge Agreement between Xindian Information, its shareholders, and Wheels Technology, dated April 2, 2019 |
| | | |
| 10.12 | † | English translation of Exclusive Consultation and Service Agreement between Xindian Information and Wheels Technology, dated April 2, 2019 |
| | | |
| 10.13 | † | English translation of Equity Option Agreement between Xindian Information, its shareholders, and Wheels Technology, dated April 2, 2019 |
| | | |
| 10.14 | † | Series C Warrant and Preferred Share Purchase Agreement between the Registrant and other parties thereto, dated July 2, 2019 |
| | | |
| 10.15 | † | Series D Preferred Share Purchase Agreement between the Registrant, Inspired Elite Investments Limited, Kevin Sunny Holding Limited, and other parties thereto, dated July 1, 2020 |
| | | |
| 10.16 | † | Series D Preferred Share Purchase Agreement between the Registrant, Amp Lee Ltd., and other parties thereto, dated July 1, 2020 |
| | | |
| 10.17 | † | Investor Rights Agreement between the Registrant, Xiang Li, Amp Lee Ltd., and Inspired Elite Investments Limited, dated July 9, 2020 |
| | | |
| 10.18 | † | Share Subscription Agreement between the Registrant and Inspired Elite Investments Limited, dated July 22, 2020 |
| | | |
| 10.19 | † | Share Subscription Agreement between the Registrant and Bytedance (HK) Limited, dated July 22, 2020 |
| | | |
| 10.20 | † | Share Subscription Agreement between the Registrant and Zijin Global Inc., dated July 22, 2020 |
| | | |
| 10.21 | † | Share Subscription Agreement between the Registrant and Kevin Sunny Holding Limited, dated July 22, 2020 |
| | | |
| 21.1 | † | Significant Subsidiaries of the Registrant |
| | | |
| 23.1 | † | Consent of PricewaterhouseCoopers Zhong Tian LLP, an independent registered public accounting firm |
| | | |
| 23.2 | † | Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1) |
| | | |
| 23.3 | † | Consent of Han Kun Law Offices (included in Exhibit 99.2) |
| | | |
| 23.4 | † | Consent of Hongqiang Zhao |
| | | |
| 24.1 | † | Powers of Attorney (included on signature page) |
| | | |
| 99.1 | † | Code of Business Conduct and Ethics of the Registrant |
| | | |
| 99.2 | † | Opinion of Han Kun Law Offices regarding certain PRC law matters |
| | | |
| 99.3 | † | Consent of China Insights Consultancy |
II-9
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Beijing, China on July 27, 2020.
| | | | | | |
| | Li Auto Inc. |
| | By: | | /s/ Xiang Li
|
| | | | Name: | | Xiang Li |
| | | | Title: | | Chairman and Chief Executive Officer |
II-10
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
| | | | |
Signature | | Title | | Date |
---|
| | | | |
/s/ Xiang Li
Xiang Li | | Chairman and Chief Executive Officer (Principal Executive Officer) | | July 27, 2020 |
*
Yanan Shen | | Director and President | | July 27, 2020 |
*
Tie Li | | Director and Chief Financial Officer (Principal Financial and Accounting Officer) | | July 27, 2020 |
*
Xing Wang | | Director | | July 27, 2020 |
| | | | | | |
*By: | | /s/ Xiang Li
Name: Xiang Li Attorney-in-fact | | | | |
II-11
SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES
Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Li Auto Inc. has signed this registration statement or amendment thereto in New York, New York on July 27, 2020.
| | | | | | |
| | Authorized U.S. Representative |
| | Cogency Global Inc. |
| | By: | | /s/ Colleen A. De Vries
|
| | | | Name: | | Colleen A. De Vries |
| | | | Title: | | Senior Vice President |
II-12
QuickLinks
PART II INFORMATION NOT REQUIRED IN PROSPECTUSLi Auto Inc. Exhibit IndexSIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES