As filed
with the Securities and Exchange Commission on July 12, 2018
Registration
No. 333-225987
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Post-Effective
Amendment No. 1
to
Form F-3
REGISTRATION
STATEMENT
UNDER
THE SECURITIES
ACT OF 1933
FANHUA INC.
(Exact name
of registrant as specified in its charter)
Not Applicable
(Translation
of Registrant’s name into English)
Cayman
Islands
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Not
Applicable
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification Number)
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27/F, Pearl River Tower
No. 15 West Zhujiang Road
Guangzhou, Guangdong 510623
People’s Republic of China
Tel: +86 20
83886888
(Address and
telephone number of Registrant’s principal executive offices)
Cogency Global
Inc.
10 East 40th
Street, 10th Floor
New York, New
York 10016
+1 800 221-0102
(Name, address
and telephone number of agent for service)
Copies to:
David T. Zhang, Esq.
Benjamin W.
James, Esq.
Kirkland &
Ellis International LLP
c/o 26th Floor,
Gloucester Tower, The Landmark
15 Queen's
Road Central, Hong Kong
+852 3761-3318
Approximate
date of commencement of proposed sale to the public:
From time to time after the effective date of this registration
statement.
If the only securities
being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following
box.
o
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, please 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, please 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 registration statement pursuant to General Instruction I.C. or a post-effective amendment thereto that shall become
effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.
þ
If this Form
is a post-effective amendment to a registration statement filed pursuant to General Instruction I.C. filed to register additional
securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.
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
o
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
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Amount
to be
Registered
(2)
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Proposed
Maximum Offering Price per Ordinary Share
(3)
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Proposed
Maximum
Aggregate Offering
Price
(3)
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Amount
of
Registration Fee
(4)
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Ordinary
shares, par value US$0.001 per share
(1)
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66,000,000
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US$
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1.3985
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US$
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92,301,000
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US$
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11,492
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(1)
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American depositary shares issuable upon deposit of the
ordinary shares registered hereby have been registered under separate registration statements on Form F-6 (Registration No.
333-146765) filed with the Securities and Exchange Commission. Each ADS represents twenty ordinary shares.
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(2)
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Pursuant to Rule 416(a) of the Securities Act of 1933,
as amended, this registration statement also covers such additional ordinary shares of Fanhua Inc., or the Registrant, as may
hereafter be offered or issued by reason of any share dividend, share split, bonus issue, recapitalization or similar transaction
effected without the Registrant’s receipt of consideration which would increase the number of outstanding ordinary shares.
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(3)
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The
proposed maximum aggregate offering price, estimated solely for the purpose of calculating the registration fee, has been computed
pursuant to Rule 457(c) promulgated under the Securities Act of 1933, as amended, and is based on the average of the high and
low sales prices of the Registrant’s American depository shares on June 28, 2018, as reported on the NASDAQ Global Select
Market.
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(4)
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Pursuant
to Rule 457(p) under the Securities Act, the registrant is offsetting the full amount
of the registration fee due under this registration statement with registration fees
previously paid with respect to 66,000,000 of unsold securities previously
registered on the registration statement on Form F-3 (File No. 333-225872) initially
filed on 6/25/2018, including (i) $10,447 offset with the original filing of this
Form F-3 on June 29, 2018, and (ii) $1,045 offset herewith.
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Explanatory Note
The sole purpose of this amendment is to correct the Calculation of Registration
Fee on the facing page of the registration statement, by revising the Proposed Maximum Aggregate Offering Price and the Amount
of Registration Fee. No other changes have been made to the registration statement. Accordingly, this amendment consists only
of the facing page, this explanatory note and Part II of the registration statement.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
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Item 8.
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Indemnification of Directors
and Officers
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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. Our amended and restated memorandum and articles of association
provide for indemnification of officers and directors against all actions, proceedings, costs, charges, losses, damages and expenses
incurred in their capacities as such, except through their own willful neglect or default.
Pursuant to the form of indemnification
agreements filed as Exhibit 10.3 to our F-1 registration statement (File No. 333-146605), as amended, initially filed
with the SEC on October 10, 2007, we will agree to indemnify our directors and 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.
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.
Any underwriting agreement entered into
in connection with an offering of the ADSs will also provide for indemnification of our officers and directors in certain cases.
See Index to Exhibits beginning on page II-5
of this registration statement.
(a) The
undersigned Registrant hereby undertakes:
(1) To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price
set forth in the “Calculation of Registration Fee” table in the effective registration statement; and
(iii) To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement;
Provided
,
however
,
that:
Paragraphs (a)(1)(i), (a)(1)(ii)
and (a)(1)(iii) of this section do not apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act, that are incorporated by reference in the registration statement, or is contained in a
form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.
(2) That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment 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) To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
the termination of the offering.
(4) To
file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A. of
Form 20-F at the start of any delayed offering or throughout a continuous offering. Financial statements and information
otherwise required by Section 10(a)(3) of the Securities Act need not be furnished,
provided
, that the Registrant includes
in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and
other information necessary to ensure that all other information in the prospectus is at least as current as the date of those
financial statements. Notwithstanding the foregoing, a post-effective amendment need not be filed to include financial statements
and information required by Section 10(a)(3) of the Securities Act or Rule 3-19 of Regulation S-X if such financial
statements and information are contained in periodic reports filed with or furnished to the SEC by the Registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Form F-3.
(5) That,
for the purpose of determining liability under the Securities Act to any purchaser:
(i) Each
prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the
date the filed prospectus was deemed part of and included in the registration statement; and
(ii) Each
prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance
on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information
required by section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of
the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of
securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any
person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement
relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities
at that time shall be deemed to be the initial
bona fide
offering thereof.
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 effective date, 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 effective date.
(b) The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act , each filing
of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated
by reference in the registration statement 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.
(c) 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 foregoing provisions, the Registrant has been advised that in the opinion of the Securities
and Exchange Commission 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.
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 Form F-3 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 July 12, 2018.
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FANHUA INC.
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By:
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/s/ Chunlin Wang
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Name:
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Chunlin Wang
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Title:
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Chief Executive Officer and
Chairman of the Board of Directors
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POWER
OF ATTORNEY
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.
Signature
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Title
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Date
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/s/
Chunlin Wang
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Chief
Executive Officer and Chairman of the Board of Directors
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July
12, 2018
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Name:
Chunlin Wang
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(principal
executive officer)
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/s/
Peng Ge
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Chief
Financial Officer and Director
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July
12, 2018
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Name:
Peng Ge
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(principal
financial and accounting officer)
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*
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Name:
Yinan Hu
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Director
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July
12, 2018
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*
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Name:
Yunxiang Tang
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Independent
Director
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July
12, 2018
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*
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Name:
Stephen Markscheid
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Independent
Director
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July
12, 2018
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*
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Name:
Allen Warren Lueth
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Independent
Director
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July
12, 2018
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*
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Name:
Mengbo Yin
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Independent
Director
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July
12, 2018
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*By:
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/s/ Chunlin Wang
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Name: Chunlin Wang
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Attorney-in-fact
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SIGNATURE OF AUTHORIZED UNITED STATES
REPRESENTATIVE
Pursuant to the Securities Act, the
undersigned, the duly authorized representative in the United States of Fanhua Inc., has signed this registration statement
or amendment thereto in New York, New York, on July 12, 2018.
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Authorized U.S. Representative
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Cogency Global Inc.
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By:
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/s/
Colleen A. De Vries
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Name:
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Colleen A. De Vries
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Title:
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Senior Vice President
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INDEX TO EXHIBITS
Exhibit
Number
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Description
of Document
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3.1
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Amended
and Restated Memorandum and Articles of Association (incorporated by reference to Exhibit 1.3 of the Registrant’s Annual
Report on Form 20-F (File No. 001-33768) filed with the Securities and Exchange Commission on April 19, 2017)
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4.1
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Registrant’s
Specimen American Depositary Receipt (included in Exhibit 4.3)
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4.2
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Registrant’s
Specimen Certificate for Ordinary Shares (incorporated by reference to Exhibit 4.2 to the Registrant’s registration
statement on Form F-1 (File No. 333-146605), as amended, initially filed with the Securities and Exchange Commission
on October 10, 2007)
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4.3
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Form
of Deposit Agreement among the Registrant, the depositary and holders of the American depositary receipts (incorporated by
reference to Exhibit 4.3 to the Registrant’s registration statement on Form F-1/A (File No. 333-146605),
as amended, initially filed with the Securities and Exchange Commission on October 25, 2007)
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5.1*
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Opinion of Maples and Calder (Hong Kong) LLP
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10.1
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Share
Purchase Agreement, dated March 29, 2017, between Fosun Industrial Holdings Limited and Fanhua Inc.(incorporated by reference
to Exhibit 4.9 to the Registrant’s Annual Report on Form 20-F (File No.001-33768) with the Securities and Exchange Commission
on April 19, 2017)
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23.1*
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Consent of Deloitte Touche Tohmatsu, Independent Registered Public Accounting Firm
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23.2*
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Consent of KPMG Huazhen LLP, Independent Auditors of Sincere Fame International Limited
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23.3*
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Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)
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23.4*
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Consent of Global Law Office
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24.1*
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Powers of Attorney (included as part of the signature page in Part II of this registration statement)
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II-5
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