As filed with the U.S. Securities and Exchange Commission on May 10, 2023
Registration No. 333-239225
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 17 TO
FORM F-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
ALE GROUP HOLDING LIMITED
(Exact name of registrant as specified in its charter)
| British Virgin Islands | | 8742 | | Not Applicable |
(State or other jurisdiction of
incorporation or organization) | | (Primary Standard Industrial
Classification Code Number) | | (I.R.S. Employer
Identification Number) |
Unit 1005, 10/F, Tower A, New Mandarin Plaza, 14 Science Museum Road, Tsim Sha Tsui, Hong Kong
(+852) 3620 2688
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Puglisi & Associates
850 Library Avenue
Suite 204
Newark, Delaware 19711
(Name, address, including zip code, and telephone number, including area code, of agent for service)
With a Copy to:
Joan Wu, Esq.
Ying Li, Esq. Guillaume de Sampigny, Esq.
Hunter Taubman Fischer & Li LLC
950 Third Avenue, 19th Floor New York, New York 10022 (212) 530-2208 | | Elizabeth F. Chen, Esq. Pryor Cashman LLP 7 Times Square New York, New York 10036 (212) 326-0199 |
Approximate date of commencement of proposed sale to the public: Promptly 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: ☐
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
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. ☐
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. ☐
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 ☒
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 ☐
The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the U.S. Securities and Exchange Commission, acting pursuant to such Section 8(a), may determine.
EXPLANATORY NOTE
This post-effective amendment No. 17 to the registration statement on Form F-1 (“Registration Statement”) is being filed solely to include Exhibit 1.1 and Exhibit 23.1 to the Registration Statement as indicated in the Exhibit Index contained in Part II of the Registration Statement.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Our Amended and Restated Charter, which has become effective on June 25, 2021, empowers us to indemnify our directors and officers against certain liabilities they incur by reason of their being our director or officer.
We have also entered into indemnification agreements with each of our directors and executive officers in connection with this offering. Under these agreements, we have agreed 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 our director or officer.
The underwriting agreement in connection with this offering also provides for indemnification of us and our officers, directors or persons controlling us for certain liabilities.
We intend to obtain directors’ and officer’s liability insurance coverage that will cover certain liabilities of our directors and officers arising out of claims based on acts or omissions in their capacities as directors or officers.
ITEM 7. RECENT SALES OF UNREGISTERED SECURITIES.
On January 22, 2020, we issued 10,000 founder shares to Yip Wai Man Raymond pursuant to the exemption from registration available under Section 4(a)(2) of the Securities Act and Regulation S promulgated thereunder.
ITEM 8. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.
(a) Exhibits
See the Exhibit Index attached to this registration statement, which is incorporated by reference herein.
(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.
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 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 a primary 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.
EXHIBIT INDEX
| Exhibit No. | | Description |
| 1.1* | | Form of Underwriting Agreement (including Form of Lock-up Agreement in the Exhibit) |
| 3.1*** | | Amended and Restated Memorandum and Articles of Association, effective June 28, 2020 |
| 3.2*** | | Amended and Restated Memorandum and Articles of Association, effective June 25, 2021 |
| 4.1*** | | Specimen Certificate for Ordinary Shares |
| 5.1*** | | Opinion of Conyers Dill & Pearman regarding the validity of the Ordinary Shares being registered |
| 8.1*** | | Opinion of Conyers Dill & Pearman as to BVI tax matters (included in Exhibit 5.1) |
| 8.2*** | | Opinion of Messina Madrid Law PA regarding certain U.S. Federal Income Taxation matters |
| 8.3*** | | Opinion of Han Kun Law Offices Regarding Certain PRC Legal Matters |
| 10.1*** | | Form of Consulting Agreement |
| 10.2*** | | Share Exchange Agreement dated March 11, 2020 between ALE Group Holding Limited and ALE (BVI) Limited |
| 10.3*** | | Form of Subscription Agreement |
| 10.4*** | | Amended and Restated Employment Agreement by and between CEO Tak Ching (Anthony) Poon and the Company dated August 6, 2020 |
| 10.5*** | | Amended and Restated Employment Agreement by and between CFO Wai Man (Raymond) Yip and the Company dated August 6, 2020 |
| 16.1*** | | Letter of Friedman LLP to the U.S. Securities and Exchange Commission dated November 23, 2022 (incorporated by reference from the Form 6-K filed on November 23, 2022) |
| 21.1*** | | Subsidiaries |
| 23.1* | | Consent of Friedman LLP, the Independent Registered Public Accounting Firm |
| 23.2*** | | Consent of Conyers Dill & Pearman (included in Exhibit 5.1) |
| 23.3*** | | Consent of Messina Madrid Law PA (included in Exhibit 8.2) |
| 23.4*** | | Consent of Miao & Co. (In Association with Han Kun Law Offices) (included in Exhibit 99.7) |
| 24.1*** | | Power of Attorney |
| 99.1*** | | Code of Business Conduct and Ethics of the Registrant |
| 99.2*** | | Consent of Tak Ching (Anthony) Poon |
| 99.3*** | | Registrant’s Representation Pursuant to Requirements of Form 20-F, Item 8.A.4 |
| 99.4*** | | Consent of Sze Wai Lee |
| 99.5*** | | Consent of Kit Ho Chow |
| 99.6*** | | Consent of Chi Wai (Jerry) Ng |
| 99.7*** | | Opinion of Miao & Co. (In Association with Han Kun Law Offices) regarding certain Hong Kong Legal Matters |
| 99.8*** | | Audit Committee Charter |
| 99.9*** | | Nominating and Corporate Governance Committee Charter |
| 99.10*** | | Compensation Committee Charter |
| 99.11*** | | Consent of Han Kun Law Offices (included in Exhibit 8.3) |
| 99.12*** | | Request for Waivers and Representation under Item 8.A.4. of Form 20-F |
| 107*** | | Filing Fee |
| * | Filed herewith |
| *** | Previously filed |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on post-effective amendment No.17 to the Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, on May 10, 2023.
| | ALE Group Holding Limited |
| | | |
| | By: | /s/ Tak Ching (Anthony) Poon |
| | | Tak Ching (Anthony) Poon |
| | | Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
| /s/ Tak Ching (Anthony) Poon | | Chief Executive Officer, Chairman of the Board | | May 10, 2023 |
| Name: Tak Ching (Anthony) Poon | | (Principal Executive Officer) | | |
| | | | | |
| * | | Chief Financial Officer, Director | | May 10, 2023 |
| Name: Wai Man (Raymond) Yip | | (Principal Accounting and Financial Officer) | | |
SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES
Pursuant to the Securities Act of 1933 as amended, the undersigned, the duly authorized representative in the United States of America, has signed this registration statement thereto in Newark, DE, on May 10, 2023.
| | By: | /s/ Donald J. Puglisi |
| | | Name: | Donald J. Puglisi |
| | | Title: | Managing Director Puglisi & Associates |
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