Autohome Inc. launches public providing in Hong Kong



BEIJING, March 3, 2021 / PRNewswire / – Autohome Inc. (NYSE: ATHM) (the “Firm”), the premier on-line vacation spot for automotive customers in China, at present introduced the launch of its Hong Kong public providing (the “Hong Kong Public Providing”), which is a part of the worldwide providing (the “Providing”) of 30,291,200 shares (the “Provided Shares”) and the itemizing of its shares on principal counsel of the Hong Kong Inventory Change Restricted (the “Hong Kong Inventory Change”) below the inventory code “2518”.

The Firm’s US Depository Shares (“ADS”), every representing 4 shares of the Firm, will proceed to be listed and traded on the New York Inventory Change (“NYSE”). Traders collaborating within the Provide will solely be capable to purchase shares and will be unable to take supply of ADS. When registering, the Hong Konglisted shares will probably be absolutely fungible with ADSs listed on the NYSE.

The Provide initially contains 3,029,200 Shares Provided below the Hong Kong Public Provide and 27,262,000 Provided Shares (together with 10,096,800 Promote Shares) for the worldwide providing (the “Worldwide Provide”), representing roughly 10% and 90% of the whole variety of Shares Provided within the Provide, respectively, topic to the adjustment and the over-allotment choice. Topic to the extent of oversubscription within the Hong Kong Public Provide and in accordance with the clawback mechanism as described within the prospectus issued by the Firm in Hong Kong as of March 4, 2021, the whole variety of shares accessible below the Hong Kong Public Provide could also be adjusted as much as a most of 15,146,000 Provided Shares, representing roughly 50% of the Provided Shares initially accessible in throughout the framework of the Provide. As well as, the Firm plans to grant the worldwide underwriters an over-allotment choice to require the Firm to problem as much as 4,544,000 extra shares below the Worldwide Provide, which represents roughly 15% of the whole variety of shares. ‘provided shares initially accessible below the Provide.

The Bid Value for the Hong Kong Public Providing (the “Hong Kong Bid Value”) is not going to exceed HK $ 251.8 per share (the “Most Provide Value”). The bid worth for the Worldwide Bid portion of the Bid (the “Worldwide Bid Value”) could also be greater than the Most Bid Value. The Firm will worth the worldwide provide on or about March 9, 2021, Hong Kong time, bearing in mind, amongst different elements, the closing worth of ADS on the New York Inventory Change on the final buying and selling day at most. late March 8, 2021 and investor demand in the course of the commercialization course of. The Hong Kong Last Provide Value will probably be set on the decrease of the Last Worldwide Provide Value and the Most Provide Value of HK $ 251.8 per share. The shares will probably be traded in a lot of 100 shares.

The Firm intends to make use of the online proceeds of the Providing for the next functions: to put money into the Firm’s know-how and product improvement; incubate new companies; strengthen the corporate’s nationwide and overseas presence and develop an automotive ecosystem and a enterprise normally functions.

Absolutely Hong Kong Public Providing Digital Software Course of

The Firm has determined to undertake a completely digital software course of for the Hong Kong public providing, with out printed copies of prospectuses or software varieties. A completely digital software course of is per how customers and firm stakeholders interact and work together with one another and with the corporate. The Firm believes that such a way may also assist to mitigate the environmental affect of printing and reduce the exploitation of pure assets, amongst different issues. The prospectus is obtainable on the Hong Kong Inventory Change web site at www.hkexnews.hk and the corporate’s web site at http://ir.autohome.com.cn/.

The Firm encourages candidates for the Hong Kong public providing to view its prospectus and apply on-line by way of the White Type eIPO service at www.eipo.com.hk, or by way of the CCASS EIPO service (straight or by way of their brokers or custodians). Hong Kong’s public providing will begin at 9:00 a.m. on Thursday, March 4, 2021 Hong Kong time and can shut at midday on Tuesday, March 9, 2021 Hong Kong Time.

Potential candidates can name the Computershare Hong Kong Investor Companies Restricted hotline if they’ve any questions in regards to the Hong Kong public providing bid. The hotline quantity is +852 2862 8600 and will probably be open from 9:00 a.m. to 9:00 p.m. Thursday, March 4, 2021, Friday, March 5, 2021 and Monday, March 8, 2021, of 9:00 a.m. to six:00 p.m. Saturday, March 6, 2021, and the Sunday March 7, 2021, and of 09h00 at 12 midday on Tuesday, March 9, 2021 Hong Kong time.

China Worldwide Capital Company Hong Kong Securities Restricted, Goldman Sachs (Asia) LLC (in alphabetical order with out assigned classification) and Credit score Suisse (Hong Kong) Restricted are the co-sponsors, co-representatives, world co-coordinators, co-bookrunners and joint leads of the proposed Providing.

The Worldwide Provide is being effected solely via a preliminary prospectus complement dated March 2, 2021 and the accompanying prospectus included in an automated pre-registration assertion on Type F-3 filed with the Securities and Change Fee of the USA (the “SEC”) on March 2, 2021, which routinely got here into impact on the time of submitting. The registration assertion on Type F-3 and the preliminary prospectus complement can be found on the SEC’s web site at: http://www.sec.gov.

The proposed funding is topic to market and different situations and there could be no assurance as as to if or when the funding could be made, or as to the precise dimension or phrases of the funding. This press launch is not going to represent a proposal to promote or the solicitation of a proposal or invitation to purchase securities of the Firm, nor any provide or sale of such securities in any state or different jurisdiction wherein such a proposal, solicitation or the sale can be unlawful previous to registration or qualification below the securities legal guidelines of such state or different jurisdiction. This press launch doesn’t represent a prospectus (together with as outlined by the legal guidelines of Hong Kong) and potential buyers ought to learn the Firm’s prospectus for detailed details about the Firm and the proposed provide, earlier than deciding whether or not or to not put money into the Firm. This press launch has not been reviewed or accredited by The Inventory Change of Hong Kong Restricted or the Securities and Futures Fee of Hong Kong.

The worth of the Provided Shares of the Firm could also be stabilized in accordance with the Securities and Futures Guidelines (Value Stabilization). Particulars of the envisaged stabilization and the way it is going to be regulated below the Securities and Futures Ordinance (Chapter 571 of the Legal guidelines of Hong Kong) will seem within the Firm’s prospectus dated March 4, 2021.

About Autohome Inc.

Autohome Inc. (NYSE: ATHM) is a number one on-line vacation spot for automotive customers in China. Its mission is to enhance the automotive shopping for and proudly owning expertise for automotive customers in China. Autohome supplies automotive customers with authentic generated content material, professionally generated content material, user-generated content material and AI-generated content material, a complete automotive library and in-depth vehicle itemizing data, masking l ‘complete cycle of shopping for and proudly owning a automotive. The power to achieve a big and engaged consumer base of automotive customers has made Autohome a most well-liked platform for automotive producers and sellers to run their promoting campaigns. As well as, the corporate’s supplier subscription and promoting providers permit sellers to market their stock and providers by way of Autohome’s platform, extending the attain of their bodily showrooms to doubtlessly hundreds of thousands of {dollars}. Web customers in China and producing gross sales alternatives for them. The corporate provides gross sales leads, knowledge analytics, and advertising and marketing providers to assist automakers and dealerships enhance effectivity and facilitate transactions. Autohome operates its “Autohome Mall”, a full-service on-line transaction platform, to facilitate transactions for automakers and sellers. As well as, by way of its web sites and cellular purposes, it additionally supplies different value-added providers, together with auto financing, auto insurance coverage, used automotive transactions and after-sales providers. . For extra data, please go to www.autohome.com.cn.

Secure Harbor Declaration

This press launch comprises statements which will represent “forward-looking” statements in accordance with the “protected harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could also be recognized by terminology akin to “will “,” Expects “,” anticipates “,” future “,” intends “,” plans “,” believes “,” estimates “and comparable statements. Amongst different issues, Autohome’s description of the providing provided on this announcement comprises forward-looking statements. Autohome can also make written or oral forward-looking statements in its periodic stories to the Securities and Change Fee (“SEC”), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic information, together with statements about Autohome’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A lot of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to: Autohome’s aims and techniques; Autohome’s future enterprise improvement, outcomes of operations and monetary situation; the anticipated development of the net automotive promoting market in China; Autohome’s potential to draw and retain customers and advertisers and additional enhance model recognition; Autohome’s expectations concerning demand and market acceptance of its services and products; competitors within the on-line automotive promoting trade; fluctuations normally financial and enterprise situations in China and assumptions underlying or associated to any of the above. Additional data concerning these and different dangers is included in Autohome’s filings with the SEC and within the Hong Kong Registered Prospectus. All data offered on this press launch and within the attachments is as of the date of this press launch, and Autohome doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below the appliance. . legislation.

Contacts:

Investor Relations
Anita chen
Telephone: (86) 10 5985 7483
E-mail: [email protected]

Media relationss
For extra data, please contact:
Fantastic Sky Monetary Group Restricted
Guo Grey
Telephone: (852) 3970 2195
E-mail: [email protected]

SOURCE Autohome Inc.

Associated hyperlinks

http://www.autohome.com.cn/



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