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 October 2020

 

Commission File Number 001-37385

 

Baozun Inc.

(Translation of registrant’s name into English)

 

Building B, No. 1268 Wanrong 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  o

 

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):  o

 

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):  o

 

 

 


 

EXPLANATORY NOTE

 

We made an announcement dated October 23, 2020 with The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) in relation to the partial exercise by the Joint Representatives, for themselves and on behalf of the international underwriters, of their option to purchase additional Class A ordinary shares from us in connection with our global offering and listing of Class A ordinary shares on the Hong Kong Stock Exchange  (the “Global Offering and Secondary Listing”), the end of the stabilization period and the relevant stabilizing actions that Citigroup Global Markets Asia Limited, the Stabilizing Manager, has undertaken in connection with the Global Offering and Secondary Listing. For details, please refer to Exhibit 99.1 to this current report on Form 6-K.

 

Safe Harbor Statements

 

The announcement in Exhibit 99.1 to this current report on Form 6-K 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,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” and similar statements. Statements that are not historical facts, including statements about the allotment and issuance of Class A ordinary shares and additional net proceeds, are or contain 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. There can be no guarantee that the allotment and issuance of Class A ordinary shares will be completed as planned, or that the expected benefits from the additional net proceeds will be achieved. You should consider the risk factors included in the registration statement on Form F-3ASR (including any documents incorporated by reference therein), the prospectus contained therein and the prospectus supplements thereto that have been filed with the U.S. Securities and Exchange Commission. All information provided in the announcement is as of the date of the announcement and is based on assumptions that we believe to be reasonable as of this date, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

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EXHIBIT INDEX

 

Exhibit

 

Description

 

 

 

99.1

 

Announcement — Partial Exercise of the Over-allotment Option, Stabilizing Actions and End of Stabilization Period.

 

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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/ Robin Bin Lu

 

Name:

Robin Bin Lu

 

Title:

Chief Financial Officer

 

 

 

Date: October 23, 2020

 

 

 

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Exhibit 99.1

 

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the Hong Kong Stock Exchange) and Hong Kong Securities Clearing Company 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.

 

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities.

 

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 as amended from time to time (the U.S. Securities Act). Any public offering of our securities to be made in the United States will be made by means of a prospectus that may be obtained from us and that will contain detailed information about us and our management, as well as financial statements. We have filed a shelf registration statement on F-3ASR and a final prospectus supplement with the United States Securities and Exchange Commission in connection with the Global Offering.

 

Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those defined in the Hong Kong prospectus dated September 18, 2020 (the Prospectus) issued by Baozun Inc. (the Company).

 

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 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.

 

GRAPHIC

 

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)

 

PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION,
STABILIZING ACTIONS

AND END OF STABILIZATION PERIOD

 

PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION

 

The Company refers to the Prospectus and the allotment results announcement of the Company dated September 28, 2020. On October 23, 2020 (after trading hours), the Joint Representatives, on behalf of the International Underwriters, have partially exercised the Over-allotment Option in respect of an aggregate of 3,833,700 Class A ordinary shares (the Over-allotment Shares), representing approximately 9.58% of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option.

 


*   For identification purposes only

 

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Pursuant to the Stock Borrowing Agreement entered into between Citigroup Global Markets Asia Limited and Tsubasa Corporation, Citigroup Global Markets Asia Limited has borrowed 6,000,000 Class A ordinary shares from Tsubasa Corporation to cover over-allocations in the International Offering. The Over-allotment Shares will be used to facilitate the return to Tsubasa Corporation of part of the borrowed Class A ordinary shares. The Company will allot and issue the Over-allotment Shares at HK$82.90 per Class A ordinary share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%), being the International Offer Price.

 

Approval of Listing

 

The Hong Kong Stock Exchange has granted the approval for the listing of and permission to deal in the Over-allotment Shares. Listing of the Over-allotment Shares on the Main Board of the Hong Kong Stock Exchange will commence at 9:00 a.m. on October 29, 2020.

 

Total Number of Shares of the Company upon the Partial Exercise of the Over-allotment Option

 

The Companys total number of issued and outstanding Class A  ordinary  shares  immediately before and immediately after the completion of the partial exercise of the Over-allotment Option (assuming the total number of issued and outstanding Class A ordinary shares remains unchanged since the Latest Practicable Date, except for the Class A ordinary shares issued following the completion of the Global Offering) is 216,145,720 Class A ordinary shares and 219,979,420 Class A ordinary shares, respectively. The Companys total number of issued and outstanding Class B ordinary shares immediately before and immediately after the completion of the partial exercise of the Over- allotment Option is 13,300,738 Class B ordinary shares.

 

Use of Proceeds

 

The Company will receive additional net proceeds of approximately HK$311.36 million for the issue of the Over-allotment Shares, after deducting offering expenses payable by us in relation to the exercise of the Over-allotment Option. The Company intends to apply the additional net proceeds towards the same purposes as set out in the section headed Use of Proceedsin the Prospectus.

 

STABILIZING ACTIONS AND END OF STABILIZATION PERIOD

 

The Company further announces that the stabilization period in connection with the Global Offering ended on October 23, 2020, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering.

 

Citigroup Global Markets Asia Limited, as Stabilizing Manager, or any person acting for it during the stabilization period, has undertaken the following stabilizing actions:

 

(1)                       over-allocations of an aggregate of 6,000,000 Class A ordinary shares in the International Offering, representing 15% of the total number of the Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option);

 

(2)                       the borrowing of an aggregate of 6,000,000 Class A ordinary shares from Tsubasa Corporation pursuant to the Stock Borrowing Agreement to cover over-allocations in the International Offering;

 

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(3)                       successive purchases of an aggregate of 2,166,300 Class A ordinary shares at the price of HK$82.90 per Class A ordinary share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%) on the market during the stabilization period. The last purchase made by the Stabilizing Manager on the market during the course of the stabilization period was on October 8, 2020 at the price of HK$82.85 per Class A ordinary share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%); and

 

(4)                       the partial exercise of the Over-allotment Option by the Joint Representatives, on behalf of the International Underwriters, on October 23, 2020, in respect of an aggregate of 3,833,700 Class A ordinary shares, representing 9.58% of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option), to facilitate the return to Tsubasa Corporation of part of the borrowed Class A ordinary shares under the Stock Borrowing Agreement which were used to cover over-allocations in the International Offering.

 

The portion of the Over-allotment Option which has not been exercised by the Joint Representatives, on behalf of the International Underwriters, lapsed on October 23, 2020.

 

 

By order of the Board

 

Baozun Inc.

 

Vincent Wenbin Qiu

 

Chairman

 

Hong Kong, October 23, 2020

 

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

 

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