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 |
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Not Applicable |
(State or Other Jurisdiction of |
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(I.R.S. Employer |
Incorporation or Organization) |
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Identification No.) |
No. 20 Huahai Street
Liwan District, Guangzhou 510370
Peoples 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 |
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Accelerated filer |
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Non-accelerated filer (Do not check if a smaller reporting company) o |
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Smaller reporting company |
o |
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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 |
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Z. Julie Gao, Esq. |
CALCULATION OF REGISTRATION FEE
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Title of Securities to Be |
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Amount to Be |
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Proposed Maximum |
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Proposed Maximum Aggregate |
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Amount of | |||
Class A ordinary shares, par value US$0.0001 per share |
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976,394 |
(3)(5) |
US$ |
42.35 |
(3) |
US$ |
41,350,285.90 |
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US$ |
5,148.11 |
Class A ordinary shares, par value US$0.0001 per share |
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4,260,903 |
(4)(5) |
US$ |
42.35 |
(4) |
US$ |
180,449,242.05 |
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US$ |
22,465.93 |
Total |
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5,237,297 |
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US$ |
221,799,527.95 |
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US$ |
27,614.04 |
(1) These shares may be represented by the Registrants American depositary shares, or ADSs, each of which represents 0.2 ordinary share, par value US$0.0001 per share. The Registrants 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 Registrants 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 Registrants 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 Plans 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 Plans 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 Registrants 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 Registrants 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. |
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Description |
4.1 |
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4.2 |
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4.3 |
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4.4 |
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5.1* |
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10.1 |
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23.1* |
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23.2* |
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24.1* |
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* 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, Peoples Republic of China, on December 21, 2017.
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VIPSHOP HOLDINGS LIMITED | |
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By: |
/s/ Eric Ya Zhen | |
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Name: |
Eric Ya Shen |
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Title: |
Chairman and Chief Executive Officer |
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 persons 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 |
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Title |
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/s/ Eric Ya Shen |
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Chairman and Chief Executive Officer |
Eric Ya Shen |
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(principal executive officer) |
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/s/ Donghao Yang |
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Chief Financial Officer |
Donghao Yang |
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(principal financial and accounting officer) |
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/s/ Arthur Xiaobo Hong |
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Vice Chairman and Chief Operating Officer |
Arthur Xiaobo Hong |
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/s/ Bing Wu |
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Director |
Bing Wu |
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/s/ Jacky Xu |
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Director |
Jacky Xu |
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/s/ Chun Liu |
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Director |
Chun Liu |
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/s/ Frank Lin |
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Director |
Frank Lin |
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/s/ Xing Liu |
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Director |
Xing Liu |
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/s/ Kathleen Chien |
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Director |
Kathleen Chien |
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/s/ Nanyan Zheng |
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Director |
Nanyan Zheng |
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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.
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Authorized U.S. Representative | |
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By: |
/s/ Giselle Manon |
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Name: |
Giselle Manon, on behalf of Law Debenture Corporate Services Inc. |
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Title: |
SOP Officer |
Office: |
+852 2801 6066 |
Mobile: |
+852 6621 8994 |
rthorp@traversthorpalberga.com
To: |
Vipshop Holdings Limited |
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No. 20 Huahai Street |
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Liwan District, Guangzhou 510370 |
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The Peoples 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 Plans 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
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Tel: +852 2801 6066 1205A The Centrium |
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Fax: +852 2801 6767 60 Wyndham Street |
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www.traversthorpalberga.com Central HONG KONG Cayman Islands & British Virgin Islands Attorneys-at-Law |
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Resident Hong Kong Partners: Richard Thorp, Jos Briggs (England & Wales), Lucy Nicklas (New South Wales, Australia), Julie Engwirda |
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 Groups 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 |
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Deloitte Touche Tohmatsu |
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Certified Public Accountants |
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Hong Kong |
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December 21, 2017 |
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