BZUN Baozun Inc

 

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER 

PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

For the month of November 2023

 

 

Commission File Number: 001-37385

 

Baozun Inc.

 

No. 1-9, Lane 510, West Jiangchang Road 

Shanghai 200436 

The People’s Republic of China 

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Baozun Inc.
	By:	/s/ Arthur Yu
	Name:	Arthur Yu
	Title:	Chief Financial Officer

 

Date: November 24, 2023

 

 

Exhibit Index

 

Exhibit 99.1 – Announcement relating to grant of restricted share unit awards

 

 

Safe Harbor Statement

 

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continues,” “ongoing,” “targets,” “guidance,” “going forward,” “outlook” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Baozun’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to Baozun’s filings with the United States Securities and Exchange Commission and its announcements, notices or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this announcement is as of the date hereof and is based on assumptions that Baozun believes to be reasonable as of this date, and Baozun undertakes no obligation to update such information, except as required under applicable law.

 

 

Exhibit 99.1

 

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

 

Under our weighted voting rights structure, our share capital comprises Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share entitles the holder to exercise one vote, and each Class B ordinary share entitles the holder to exercise ten votes, respectively, on any resolution tabled at our general meetings, except as may otherwise be required by law or by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or provided for in our memorandum and articles of association. Shareholders and prospective investors should be aware of the potential risks of investing in a company with a weighted voting rights structure. Our American depositary shares, each representing three of our Class A ordinary shares, are listed on the Nasdaq Global Select Market in the United States under the symbol BZUN.

 

 

Baozun Inc.

 

寶尊電商有限公司* 

(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) 

(Stock code: 9991)

 

GRANT OF RESTRICTED SHARE UNIT AWARDS

 

Baozun Inc. (the “Company”, together with its consolidated subsidiaries and its affiliated consolidated entities, the “Group”) hereby announces that on November 24, 2023 (Hong Kong time), the Company granted restricted share unit awards (the “RSUs”) under the 2022 share incentive plan of the Company (the “2022 Plan”) to certain grantees (the “Grantees”), the details of which are set forth as follows.

  

Date of Grant:		November 24, 2023 (Hong Kong time) (the “Grant Date”)
Number of RSUs granted:		77,019
Number of underlying Class A ordinary shares of the Company:		77,019 Class A ordinary shares (the “Share(s)”) or 25,673 American depository shares (the “ADS(s)”) of the Company
The Grantees:		3 Grantees who are all employees of the Group.
		None of the grants are required to be disclosed on an individual basis pursuant to Rule 17.06A(2) of Chapter 17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).
Purchase price:		The Grantees are not required to pay any purchase price for the Shares issuable under the RSUs.

 

 

Closing price of the Shares on the Grant Date:		HK$7.71 per Share for Shares traded on the Stock Exchange on November 24, 2023 (Hong Kong time), being the trading day on the Stock Exchange on the Grant Date.
		US$2.93 per ADS, for ADSs traded on the Nasdaq Global Select Market on November 22, 2023 (United States time), being the latest trading day on the Nasdaq Global Select Market immediately before the Grant Date.
Vesting period and conditions:		Subject to the satisfaction of the individual performance review and satisfaction of certain milestones or performance targets relating to the Group including but not limited to the growth of revenue and profit of the Group for the relevant period as set out in the award agreements applicable to the respective Grantees, the vesting schedules are set as follows:

 

		Number of Grantees		Number of RSUs		Vesting period		Circumstances for any shorter vesting period
		2 employees		54,000		15% of the RSUs shall be vested on October 10, 2024; 25% of the RSUs shall be vested on October 10, 2025; 30% of the RSU shall be vested on October 10, 2026; a n d t h e remaining 30% of the RSUs shall be vested on October 10, 2027		Not applicable
		1 employee		23,019		100% of the RSUs shall be vested on October 10, 2024		Grants of RSUs with performance based vesting conditions according to the terms and conditions of the 2022 Plan

 

Clawback mechanism:

Subject to the terms and conditions in the 2022 Plan, the RSUs may be forfeited or clawbacked if the Grantees (i) seriously commit or persistently breach or not comply with any policy of the Group or any applicable laws and rules applicable to such Grantee, including but not limited to the applicable employee handbook; (ii) engage in intentional misconduct or gross negligence in such Grantee’s duties which result in a material loss of the Group; (iii) engage in any gross misconduct; or (iv) engage in any activity which is inimical, contrary or harmful to the interests of the Company.

 

 

The RSUs are subject to the terms and conditions of the 2022 Plan and award agreements applicable to the Grantees. Details of the 2022 Plan are set out in Appendix IV – The 2022 Plan of the circular of the Company dated October 5, 2022.

 

As of the date of this announcement, 8,023,244 Shares remained available for future grants under the 2022 Plan in accordance with the terms of the 2022 Plan.

 

By order of the Board  Baozun Inc.  Vincent Wenbin Qiu  Chairman

 

Hong Kong, November 24, 2023

 

As at the date of this announcement, our board of directors comprises Mr. Vincent Wenbin Qiu as the chairman, Mr. Junhua Wu, Mr. Satoshi Okada and Ms. Yang Liu as directors, and Mr. Yiu Pong Chan, Mr. Steve Hsien-Chieng Hsia and Mr. Benjamin Changqing Ye as independent directors.

 

* for identification purposes only

 

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