S-8 1 dp151554_s8.htm FORM S-8

As filed with the Securities and Exchange Commission on June 1, 2021

Registration No. 333-             

 

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

 

FORM S-8 

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

Boqii Holding Limited 

(Exact name of registrant as specified in its charter)

 

 
     
Cayman Islands   Not Applicable
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

Building 9, No. 388, Shengrong Road, Pudong 

New District, Shanghai 201210 

The People’s Republic of China 

+86-21-61096226  

(Address, Including Zip Code, and Telephone Number, Including Area Code, of registrant’s Principal Executive Offices)

 

 

Amended and Restated 2018 Global Share Plan 

(Full title of the plan)

 

 

Cogency Global Inc. 

122 East 42nd Street, 18th Floor 

New York, NY 10168 

+1 800 221-0102 

(Name, address and telephone number, including area code, of agent for service)

 

 

Copies to:

 

     

Yingzhi (Lisa) Tang

Director, co-Chief Executive Officer and Chief Financial Officer

Boqii Holding Limited

 

Building 9, No. 388, Shengrong Road, Pudong

New District, Shanghai 201210

The People’s Republic of China

+86-21-61096226

 

 

Li He, Esq.

Davis Polk & Wardwell LLP

c/o 18th Floor, The Hong Kong Club

Building

3A Chater Road

Central, Hong Kong

+852 2533 3300

 


 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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     Accelerated filer  
       
Non-accelerated filer     Smaller reporting company  
       
        Emerging growth company  

 

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.  

 

 

CALCULATION OF REGISTRATION FEE

                 
 

Title of Securities 

to be Registered(1)

 

Amount 

to be 

Registered(2)

Proposed

Maximum

Offering Price 

Per Share

 

Proposed

Maximum
Aggregate

Offering Price

  Amount of
Registration Fee
Class A ordinary shares, par value $0.001 per share   5,435,676(3)   $1.564652   $8,504,941.32   $927.89
Class A ordinary shares, par value $0.001 per share   3,552,160(4)   $4.17   $14,812,507.2   $1,616.04
Total   8,987,836(5)   —     $23,317,448.52   $2,543.93
 
 
(1)The Class A ordinary shares of Boqii Holding Limited (the “Registrant”) registered hereunder are represented by the Registrant’s American depositary shares (“ADSs”), with each ADSs representing 0.75 Class A ordinary shares, par value US$0.001 per share. The registrant’s ADSs issuable upon deposit of the Class A ordinary shares have been registered under a separate registration statement on Form F-6 (333-248968).

(2)Represents Class A ordinary shares which are issuable pursuant to the authorized award grants under the Amended and Restated 2018 Global Share Plan (the “Plan”) of the Registrant. Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement is deemed to cover an indeterminate number of Class A ordinary shares which may be offered and issued to prevent dilution resulting from share splits, share dividends or similar transactions as provided in the Plan.

(3)Represents Class A ordinary shares issuable upon the exercise of outstanding options previously granted under the Plan as of the date of this registration statement (excluding those having been forfeited), and the corresponding proposed maximum offering price per share represents the weighted average of the exercise price of these outstanding options.

(4)Represents Class A ordinary shares which are reserved for future award grants under the Plan. The proposed maximum offering price per share, which is estimated solely for the purposes of calculating the registration fee under Rule 457(h) and Rule 457(c) under the Securities Act, is based on US$4.17 per ADS, the average of the high and low prices for the Registrant’s ADSs as quoted on the New York Stock Exchange on May 28, 2021.

(5)Any Class A ordinary shares covered by an award granted under the Plan (or portion of an award) that is forfeited, cancelled or otherwise expires for any reason without having been exercised shall be deemed not to have been issued for purposes of determining the maximum aggregate number of Class A ordinary shares which may be issued under the Plan.

 

 

 

PART I

 

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

 

ITEM 1. PLAN INFORMATION*

 

ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION*

 

 
* Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8. The documents containing information specified in this Part I will be separately provided to the participants in the Plan covered by this Registration Statement, as specified by Rule 428(b)(1) under the Securities Act.

 

 

 

PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE

 

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

 

(1)     The Registrant’s prospectus filed with the Commission on September 30, 2020 pursuant to Rule 424(b)(5) under the Securities Act (Securities Act File No. 333-248641); and

 

(2)    The description of the Registrant’s Class A ordinary shares contained in the Registrant’s registration statement on Form 8-A under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) filed on September 22, 2020, as modified by any amendment or report filed for the purpose of updating such description (Exchange Act File No. 001-39547).

 

All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment 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 herein and to be a part hereof from the date of filing of such documents.

 

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein, or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

 

ITEM 4. DESCRIPTION OF SECURITIES

 

Not applicable.

 

ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL

 

Not applicable.

 

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS

 

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 or committing a crime. Under the Twelfth Amended and Restated Memorandum and Articles of Association of the Registrant, as currently in effect, every director and officer of our company shall be indemnified against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such person, other than by reason of such person’s own dishonesty, willful default or fraud as determined by a court of competent jurisdiction, in connection with the execution or discharge of his duties, powers, authorities or discretions as a director or officer of our company, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by him in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.

 

Pursuant to the form of indemnification agreement previously filed as Exhibit 10.2 to the Registrant’s registration statement on Form F-1, as amended (File No. 333-248641), we will agree to indemnify our directors and executive officers against certain liabilities and expenses that they incur in connection with claims made by reason of their being a director or officer of our company.

 

 

 

 

The Registrant maintains standard policies of insurance under which coverage is provided (a) to its directors and officers against loss arising from claims made by reason of breach of duty or other wrongful act and (b) to the Registrant with respect to payments which may be made by the Registrant to such officers and directors pursuant to the above indemnification provision or otherwise as a matter of law.

 

ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED

 

Not applicable.

 

ITEM 8. EXHIBITS

 

The Exhibits listed on the accompanying Exhibit Index are filed as a part of, or incorporated by reference into, this Registration Statement (See Exhibit Index below).

 

ITEM 9. UNDERTAKINGS

 

(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; 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) and (a)(1)(ii) 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 Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in 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.

 

(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 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this 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, or otherwise, the Registrant has been advised that in the opinion of the 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.

 

 

 

EXHIBIT INDEX 

     

Exhibit 

Number

 

Description of Exhibit

   
 4.1   Twelfth amended and restated memorandum and articles of association of the Registrant (incorporated herein by reference to Exhibit  3.2 to the Registrant’s registration statement on Form F-1 initially filed on September 8, 2020) (Securities Act File No. 333-248641)
   
4.2   Registrant’s Specimen Certificate for Class A Ordinary Shares (incorporated herein by reference to Exhibit 4.2 to the Registrant’s registration statement on Form F-1 initially filed on September 22, 2020, as amended) (Securities Act File No. 333-248641)
     
4.3

Form of Deposit Agreement between the Registrant, the depositary and holders of the American Depositary Shares (incorporated herein by reference to Exhibit 4.3 to the Registrant’s registration statement on Form F-1 initially filed on September 22, 2020, as amended) (Securities Act File No. 333-248641)

     
5.1   Opinion of Maples and Calder (Hong Kong) LLP (filed herewith)
   
10.1   Amended and Restated 2018 Global Share Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant’s registration statement on Form F-1 initially filed on September 8, 2020, as amended) (Securities Act File No. 333-248641)
   
23.1   Consent of Maples and Calder (Hong Kong) LLP (Hong Kong) (included in Exhibit 5.1)
   
23.2   Consent of Independent Registered Public Accounting Firm (filed herewith)
   
24.1   Power of Attorney (included on the signature page of this Registration Statement)

 

 

 

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 on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the People’s Republic of China, on June 1, 2021.

 

       
  Boqii Holding Limited
   
     
  By:  

/s/ Yingzhi (Lisa) Tang 

  Name:   Yingzhi (Lisa) Tang
  Title:   Director, co-Chief Executive Officer and Chief Financial Officer

 

 

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Hao (Louis) Liang and Yingzhi (Lisa) Tang and each of them, individually, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead in any and all capacities, in connection with this registration statement, including to sign in the name and on behalf of the undersigned, this registration statement and any and all amendments thereto, including post-effective amendments and registrations filed pursuant to Rule 462 under the U.S. Securities Act of 1933, as amended, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto such attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his or her substitute, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on June 1, 2021.

 

     

Signature 

 

Title 

   

/s/ Hao (Louis) Liang 

  Director, Chairman and Chief Executive Officer (principal executive officer)
Hao (Louis) Liang
   

/s/ Yingzhi (Lisa) Tang 

  Director, co-Chief Executive Officer and Chief Financial Officer
Yingzhi (Lisa) Tang
   

/s/ Di (Jackie) Chen 

  Director
Di (Jackie) Chen
   

/s/ Dong Li 

  Director
Dong Li
   

/s/ Leaf Hua Li 

  Director
Leaf Hua Li
 

/s/ Noorsurainah Tengah 

  Director
Noorsurainah Tengah
   

/s/ Ying (Christina) Zhang 

  Co-Chief Financial Officer (principal financial officer and principal accounting officer)
Ying (Christina) Zhang
         

 

 

 

 

SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

 

Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Boqii Holding Limited, has signed this registration statement or amendment thereto in New York on June 1, 2021.

 

       
 

Authorized U.S. Representative

Cogency Global Inc.

 

     
  By:    

/s/ Colleen A. De Vries

      Name: Colleen A. De Vries
      Title: Senior Vice President on behalf of Cogency Global Inc.