As filed with the Securities and Exchange Commission on December 21, 2017

Registration No. 333-    

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

FORM S-8

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

VIPSHOP HOLDINGS LIMITED

(Exact Name of Registrant as Specified in Its Charter)

 


 

Cayman Islands

 

Not Applicable

(State or Other Jurisdiction of

 

(I.R.S. Employer

Incorporation or Organization)

 

Identification No.)

 

No. 20 Huahai Street

Liwan District, Guangzhou 510370

People’s Republic of China

(Address, Including Zip Code, of Principal Executive Offices)

 


 

Vipshop Holdings Limited 2014 Share Incentive Plan

(Full Title of the Plan)

 


 

Law Debenture Corporate Services Inc.

801 2nd Avenue, Suite 403

New York, NY 10017

(212) 750-6474

(Name, Address and Telephone Number, Including Area Code, of Agent for Service)

 


 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer         x

 

Accelerated filer

o

Non-accelerated filer (Do not check if a smaller reporting company)          o

 

 

 

 

 

Smaller reporting company

o

 

 

Emerging growth company

o

 

If an emerging growth company, 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

 

Copies to:

 

Donghao Yang, Chief Financial Officer
Vipshop Holdings Limited
No. 20 Huahai Street
Liwan District, Guangzhou 510370
People’s Republic of China
+86 (20) 2233-0000

 

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

 


 

CALCULATION OF REGISTRATION FEE

 

 

 

 

 

 

 

 

 

 

Title of Securities to Be
Registered
(1)

 

Amount to Be
Registered
(1)(2)

 

Proposed Maximum
Offering Price per
Share

 

Proposed Maximum Aggregate
Offering Price

 

Amount of
Registration
Fee

Class A ordinary shares, par value US$0.0001 per share

 

976,394

(3)(5)

US$

42.35

(3)

US$

41,350,285.90

 

US$

5,148.11

Class A ordinary shares, par value US$0.0001 per share

 

4,260,903

(4)(5)

US$

42.35

(4)

US$

180,449,242.05

 

US$

22,465.93

Total

 

5,237,297

 

 

 

US$

221,799,527.95

 

US$

27,614.04

 

(1)                         These shares may be represented by the Registrant’s American depositary shares, or ADSs, each of which represents 0.2 ordinary share, par value US$0.0001 per share. The Registrant’s ADSs issuable upon deposit of the Class A ordinary shares registered hereby have been registered under a separate registration statement on Form F-6 (File No. 333-180029).

(2)                         Represents Class A ordinary shares issuable upon exercise of options and pursuant to other awards granted under the Vipshop Holdings Limited 2014 Share Incentive Plan (the “Plan”). In accordance with Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall be deemed to cover any additional shares that may be offered and issued to prevent dilution resulting from stock splits, stock dividends or similar transactions as provided in the Plan. Any ordinary shares covered by an award granted under the Plan (or portion of an award) that terminates, expires or lapses for any reason will be deemed not to have been issued for purposes of determining the maximum aggregate number of ordinary shares that may be issued under the Plan.

(3)                         The amount to be registered represents restricted shares granted under the Plan and the corresponding proposed maximum offering price per share is estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and Rule 457(h) of the Securities Act based upon the average of the high and low prices of the Registrant’s ADSs as quoted on the New York Stock Exchange on December 15, 2017, adjusted for ADS to Class A ordinary shares ratio.

(4)                         The shares to be registered are reserved for future award grants under the Plan, and the corresponding proposed maximum offering price per share is estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and Rule 457(h) of the Securities Act based upon the average of the high and low prices of the Registrant’s ADSs as quoted on the New York Stock Exchange on December 15, 2017, adjusted for ADS to Class A ordinary shares ratio.

(5)                         These shares represent Class A ordinary shares that have been added to the award pool under the Plan, effective January 1, 2015, January 1, 2016 and January 1, 2017, pursuant to the Plan’s evergreen provisions, which were not previously registered under the registration statement on Form S-8 (File No. 333-199515), as filed with the Commission on October 22, 2014 (the “Prior Registration Statement”).

 

 

 



 

EXPLANATORY NOTE

 

This Registration Statement is filed by Vipshop Holdings Limited (the “Registrant”) to register additional securities issuable pursuant to the Plan and consists of only those items required by General Instruction E to Form S-8. Pursuant to certain provisions of the Plan (referred to as the “evergreen provisions”), the number of Class A ordinary shares that are available for award grant purposes under the Plan is automatically increased each year in accordance with a formula set forth in the Plan. The additional securities registered hereby consist of 5,237,297 Class A ordinary shares that were automatically added to the Plan, effective January 1, 2015, January 1, 2016 and January 1, 2017, pursuant to the Plan’s evergreen provisions.

 

In accordance with General Instruction E to Form S-8, the contents of the Prior Registration Statement are incorporated herein by reference, except as otherwise set forth herein.

 


 



 

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3.         Incorporation of Documents by Reference

 

The following documents previously filed by the Registrant with the Securities and Exchange Commission (the “Commission”) are incorporated by reference herein:

 

(a)                                 The Registrant’s annual report on Form 20-F (File No. 001- 35454) for the year ended December 31, 2016, filed with the Commission on April 14, 2017.

 

(b)                                 Not applicable.

 

(c)                                  The description of the securities incorporated by reference in the Registrant’s registration statement on Form 8-A (File No. 001-35454) filed with the Commission on March 9, 2012 pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), together with all amendments and reports filed for the purpose of updating that description.

 

All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this registration statement and prior to the filing of a post-effective amendment to this registration statement, which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to be incorporated by reference in this registration statement will be deemed to be modified or superseded to the extent that a statement contained in this registration statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to be a part of this registration statement.

 

Item 8.         Exhibits

 

See the Exhibit Index included herein.

 



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

4.1

 

Second Amended and Restated Memorandum and Articles of Association of the Registrant adopted by the shareholders of the Registrant on September 15, 2014 (incorporated by reference to Exhibit 99.2 to the Registrant’s Report of Foreign Private Issuer on Form 6-K (File No. 001-35454) furnished to the Commission on September 16, 2014)

4.2

 

Specimen Certificate of Class A Ordinary Shares of the Registrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Registration Statement on Form S-8 (File No. 333-199515) filed with the Commission on October 22, 2014)

4.3

 

Deposit Agreement dated as of March 22, 2012, among the Registrant, Deutsche Bank Trust Company Americas as depositary, and the holders and beneficial owners of American depositary shares evidenced by American depositary receipts issued thereunder (incorporated by reference to Exhibit 4.3 to the Registrant’s Registration Statement on Form S-8 (File No. 333-181559) filed with the Commission on May 21, 2012)

4.4

 

Form of Amendment to Deposit Agreement among the Registrant, Deutsche Bank Trust Company Americas as depositary, and the holders and beneficial owners of American depositary shares evidenced by American depositary receipts issued thereunder including the form of American Depositary Receipt (incorporated by reference to Exhibit 99.(A)(2) to the Registrant’s Registration Statement on Form F-6EF (File No. 333-199491) filed by Deutsche Bank Trust Company Americas with the Commission on October 21, 2014)

5.1*

 

Opinion of Travers Thorp Alberga, Cayman Islands counsel to the Registrant, regarding the legality of the Class A ordinary shares being registered

10.1

 

Vipshop Holdings Limited 2014 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Registration Statement on Form S-8, as amended, initially filed with the Commission on October 22, 2014)

23.1*

 

Consent of Deloitte Touche Tohmatsu

23.2*

 

Consent of Travers Thorp Alberga (included in Exhibit 5.1)

24.1*

 

Power of Attorney (included on signature page hereto)

 


*      Filed herewith.

 



 

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 S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Guangzhou, People’s Republic of China, on December 21, 2017.

 

 

 

VIPSHOP HOLDINGS LIMITED

 

 

 

 

By:

/s/ Eric Ya Zhen

 

 

Name:

Eric Ya Shen

 

 

Title:

Chairman and Chief Executive Officer

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, severally and not jointly, each of Eric Ya Shen and Donghao Yang, with full power to act alone, as his or her true and lawful attorney-in-fact, with the power of substitution, for and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact may lawfully do or cause to be done by virtue hereof.

 

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 indicated on December 21, 2017.

 

Signature

 

Title

 

 

 

/s/ Eric Ya Shen 

 

Chairman and Chief Executive Officer

Eric Ya Shen

 

(principal executive officer)

 

 

 

/s/ Donghao Yang 

 

Chief Financial Officer

Donghao Yang

 

(principal financial and accounting officer)

 

 

 

/s/ Arthur Xiaobo Hong 

 

Vice Chairman and Chief Operating Officer

Arthur Xiaobo Hong

 

 

 

 

 

/s/ Bing Wu 

 

Director

Bing Wu

 

 

 

 

 

/s/ Jacky Xu 

 

Director

Jacky Xu

 

 

 

 

 

/s/ Chun Liu 

 

Director

Chun Liu

 

 

 

 

 

/s/ Frank Lin 

 

Director

Frank Lin

 

 

 

 

 

/s/ Xing Liu 

 

Director

Xing Liu

 

 

 

 

 

/s/ Kathleen Chien 

 

Director

Kathleen Chien

 

 

 

 

 

/s/ Nanyan Zheng 

 

Director

Nanyan Zheng

 

 

 



 

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 Vipshop Holdings Limited, has signed this registration statement or amendment thereto in New York on December 21, 2017.

 

 

Authorized U.S. Representative

 

 

 

By:

/s/ Giselle Manon

 

Name:

Giselle Manon, on behalf of Law Debenture Corporate Services Inc.

 

Title:

SOP Officer

 


Exhibit 5.1

 

 

Office:

+852 2801 6066

Mobile:

+852 6621 8994

rthorp@traversthorpalberga.com

 

To:

Vipshop Holdings Limited

 

No. 20 Huahai Street

 

Liwan District, Guangzhou 510370

 

The People’s Republic of China

 

21 December 2017

 

Dear Sirs

 

Vipshop Holdings Limited

 

We have examined the Registration Statement on Form S-8 to be filed by Vipshop Holdings Limited, a Cayman Islands exempted company incorporated with limited liability (the “Registrant”), with the Securities and Exchange Commission (the “Registration Statement”), relating to the registration under the Securities Act of 1933, as amended, of an amount of 5,237,297 class A ordinary shares of the Registrant (the “Shares”) for issuance pursuant to the 2014 Share Incentive Plan adopted on 1 July 2014 (the “Plan”) which were automatically added to the Plan, effective 1 January 1 2015, 1 January 2016 and 1 January 2017, pursuant to the Plan’s evergreen provisions.

 

As Cayman Islands counsel to the Registrant, we have examined the corporate authorisations of the Registrant in connection with the Plan and the issue of the Shares by the Registrant and have assumed that the Shares will be issued in accordance with the Plan and the board resolutions authorizing the issue dated 1 July 2014 and the minutes of a meeting of the shareholders dated 15 September pursuant to which the shareholders of the Company resolved that all shares issued under the Plan shall be class A ordinary shares of the Company.

 

It is our opinion that the Shares to be issued by the Registrant have been duly and validly authorised, and when issued, sold and paid for in the manner described in the Plan and in accordance with the relevant resolutions adopted by the Board of Directors of the Registrant (or any committee to whom the Board of Directors have delegated their powers with respect to administration of the Plan) and when appropriate entries have been made in the Register of Members of the Registrant, will be legally issued, fully paid and nonassessable.

 

We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement and any amendments thereto.

 

Yours faithfully

 

/s/ TRAVERS THORP ALBERGA

TRAVERS THORP ALBERGA

 

 

Tel:  +852 2801 6066    1205A The Centrium

 

Fax: +852 2801 6767    60 Wyndham Street

 

www.traversthorpalberga.com Central HONG KONG Cayman Islands & British Virgin Islands Attorneys-at-Law

 

Resident Hong Kong Partners: Richard Thorp, Jos Briggs (England & Wales), Lucy Nicklas (New South Wales, Australia), Julie Engwirda

 


Exhibit 23.1

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated April 14, 2017, relating to (1) the consolidated financial statements and the financial statement schedule of Vipshop Holdings Limited and its subsidiaries (the “Group”) (which report expresses an unqualified opinion and includes an explanatory paragraph regarding the translation of Renminbi amounts into U.S. dollars for the convenience of the readers), and (2) the effectiveness of the Group’s internal control over financial reporting, appearing in the Annual Report on Form 20-F of the Group for the year ended December 31, 2016.

 

/s/ Deloitte Touche Tohmatsu

 

Deloitte Touche Tohmatsu

 

Certified Public Accountants

 

Hong Kong

 

December 21, 2017