360金融美股招股说明书(2022-11-25版)

424B51tm2228449-8424b5.htm424B5 TABLEOFCONTENTS ProspectusSupplement (ToProspectusdatedNovember17,2022) FiledPursuanttoRule424(b)(5) RegistrationNo.333-268425 360DigiTech,Inc. 5,540,000ClassAOrdinaryShares Thisprospectussupplementrelatestoanofferingofanaggregateof5,540,000classAordinaryshares,parvalueUS$0.00001pershare,of360DigiTech,Inc.Weareoffering5,540,000classAordinaryshares,parvalueUS$0.00001pershare,consistingofaninternationalofferingof4,980,000classAordinarysharesofferedhereby,andaHongKongpublicofferingof560,000classAordinaryshares.ThepublicofferingpricefortheinternationalofferingandtheHongKongpublicofferingisHK$50.03perclassAordinaryshare,orapproximatelyUS$6.37perclassAordinarysharebasedonanexchangerateofHK$7.8499toUS$1.00. Asofthedateofthisprospectussupplement,oursharecapitalcomprisesclassAordinarysharesandclassBordinaryshares.EachclassBordinaryshareisentitledto20votes,andeachclassAordinaryshareisentitledtoonevoteonallmatterssubjecttovoteatageneralmeetingofus.ImmediatelyuponthecompletionofoursecondarylistingontheHongKongStockExchange,alltheclassBordinaryshareswillbeconvertedintoclassAordinarysharesonaone-for-onebasispursuanttotheconversionnoticedeliveredbyAerovaneCompanyLimitedtotheCompany.Asaresult,noclassBordinarysharesofuswillbeissuedoroutstanding. ADSsrepresentingourclassAordinarysharesarelistedontheNasdaqGlobalSelectMarketunderthesymbol“QFIN.”OnNovember22,2022,thelastreportedtradingpriceoftheADSsontheNasdaqwasUS$13.14perADS,orHK$51.57perclassAordinaryshare,baseduponanexchangerateofHK$7.8499toUS$1.00. TheinternationalofferingcontemplatedhereinconsistsofaU.S.offeringandanon- U.S.offeringmadeoutsidetheUnitedStatesincompliancewithapplicablelaw.WearepayingaregistrationfeeforclassAordinarysharessoldintheUnitedStates,aswellasforclassAordinarysharesinitiallyofferedandsoldoutsidetheUnitedStatesintheGlobalOfferingthatmayberesoldfromtimetotimeintotheUnitedStates. Approval-in-principlehasbeengrantedbytheHongKongStockExchangeforthelistingof,andpermissiontodealin,ourclassAordinarysharesontheHongKongStockExchangepursuanttoChapter19CoftheHongKongStockExchangeListingRulesunderthestockcode“3660.” See“RiskFactors”beginningonpageS-27ofthisprospectussupplementandinanydocumentsincorporatedbyreferenceintothisprospectussupplementforadiscussionofcertainrisksthatshouldbeconsideredinconnectionwithaninvestmentinourclassAordinaryshares. 360DigiTech,Inc.isnotaChineseoperatingcompanybutratheraCaymanIslandsholdingcompanythatdoesnotconductbusinessdirectlyandhasnoequityownershipinitsvariableinterestentities,ortheVIEs.WeconductouroperationsinChinathrough(i)ourPRCsubsidiariesand(ii)theVIEswithwhichwehavemaintainedcontractualarrangements.PRClawsandregulationsrestrictandimposeconditionsonforeigninvestmentininternet-basedbusinesses,suchasthedistributionofonlineinformation.Forexample,foreigninvestorsaregenerallynotallowedtoownmorethan50%oftheequityinterestsinavalue-addedtelecommunicationsserviceproviderinaccordancewiththeSpecialManagementMeasuresfortheAccessofForeignInvestment(NegativeList)andotherapplicablelawsandregulations.WeareaCaymanIslandscompanyandourPRCsubsidiariesareconsideredforeign-investedenterprises.Accordingly,weoperatecertainofourbusinessesinChinathroughtheVIEs,andrelyoncontractualarrangementsamongourPRCsubsidiaries,theVIEsandthenomineeshareholdersoftheVIEstocontrolthebusinessoperationsoftheVIEs.Asusedinthisprospectussupplement,“we,”“us,”“ourcompany,”“our,”or“360DigiTech,”refersto360DigiTech,Inc.,itssubsidiaries,and,inthecontextofdescribingouroperationsandconsolidatedfinancialinformation,theVIEsandtheirsubsidiariesinChina,includingbutnotlimitedtoShanghaiQiyu,Fuzhou TABLEOFCONTENTS FinancingGuaranteeandShanghaiFinancingGuarantee.InvestorsintheADSsarenotpurchasingequityinterestintheVIEsinChinabutinsteadarepurchasingequityinterestinaholdingcompanyincorporatedintheCaymanIslands. However,thecontractualarrangementsmaynotbeaseffectiveasdirectownershipinprovidinguswithcontrolovertheVIEsandwemayincursubstantialcoststoenforcethetermsofthearrangements.AllofthesecontractualarrangementsaregovernedbyandinterpretedinaccordancewithPRClaw,anddisputesarisingfromthesecontractualarrangementsbetweenusandtheVIEswillberesolvedthrougharbitrationinChina.Accordingly,thesecontractswouldbeinterpretedinaccordancewithPRClawandanydisputesarisingfromthesecontractswouldberesolvedinaccordancewithPRClegalprocedures.Thesearrangementshavenotbeentestedinarbitraltribunalsorcourts.ThelegalsysteminthePRCisnotasdevelopedasinsomeotherjurisdictions,suchastheUnitedStates,andtheuncertaintiesinvolvedinitcouldlimitourabilitytoenforcethesecontractualarrangements.Further,thereareveryfewprecedentsandlittleformalguidanceastohowcontractualarrangementsinthecontextofaVIEshouldbeinterpretedorenforcedunderPRClaw.Thereremainsignificantuncertaintiesregardingtheultimateoutcomeofsucharbitrationshouldlegalactionbecomenecessary. TherearealsosubstantialuncertaintiesregardingtheinterpretationandapplicationofcurrentandfuturePRClaws,regulationsandrulesregardingthestatusoftherightsof