424B31prospectus_424_b.htm FiledpursuanttoRule424(b)(3)RegistrationStatementonFormF-6RegistrationNo.:333-226185 CUSIP ISIN AmericanDepositaryShares(EachAmericanDepositaryShare representing4FullyPaidClassAOrdinaryShares) [FORMOFFACEOFRECEIPT] AMERICANDEPOSITARYRECEIPT for AMERICANDEPOSITARYSHARES representing DEPOSITEDCLASSAORDINARYSHARES of PDDHoldingsInc. (IncorporatedunderthelawsoftheCaymanIslands) DEUTSCHEBANKTRUSTCOMPANYAMERICAS,asdepositary(hereincalledthe“Depositary”),herebycertifiesthatistheownerofAmericanDepositaryShares(hereinafter“ADS”),representingdepositedClassAordinaryshares,eachofParValueofUS$0.000005includingevidenceofrightstoreceivesuchClassAordinaryshares(the“Shares”)ofPDDHoldingsInc.,acompanyincorporatedunderthelawsoftheCaymanIslands(the“Company”).AsofthedateoftheDepositAgreement(hereinafterreferredto),eachADSrepresents4SharesdepositedundertheDepositAgreementwiththeCustodianwhichatthedateofexecutionoftheDepositAgreementisDeutscheBankAG,HongKongBranch(the“Custodian”).TheratioofDepositarySharestosharesofstockissubjecttosubsequentamendmentasprovidedinArticleIVoftheDepositAgreement.TheDepositary’sCorporateTrustOfficeislocatedat1ColumbusCircle,NewYork,NewYork10019,U.S.A. (1)TheDepositAgreement.ThisAmericanDepositaryReceiptisoneofanissueofAmericanDepositaryReceipts(“Receipts”),allissuedortobeissueduponthetermsandconditionssetforthintheDepositAgreement,datedasofJuly25,2018(asamendedfromtimetotime,the“DepositAgreement”),byandamongtheCompany,theDepositary,andallHoldersandBeneficialOwnersfromtimetotimeofReceiptsissuedthereunder,eachofwhombyacceptingaReceiptagreestobecomeapartytheretoandbecomesboundbyallthetermsandconditionsthereof.TheDepositAgreementsetsforththerightsand obligationsofHoldersandBeneficialOwnersofReceiptsandtherightsanddutiesoftheDepositaryinrespectoftheSharesdepositedthereunderandanyandallothersecurities,propertyandcashfromtimetotime,receivedinrespectofsuchSharesandheldthereunder(suchShares,othersecurities,propertyandcasharehereincalled“DepositedSecurities”).CopiesoftheDepositAgreementareonfileattheCorporateTrustOfficeoftheDepositaryandtheCustodian. EachownerandeachBeneficialOwner,uponacceptanceofanyADSs(oranyinteresttherein)issuedinaccordancewiththetermsandconditionsoftheDepositAgreement,shallbedeemedforallpurposesto (a)beapartytoandboundbythetermsoftheDepositAgreementandapplicableADR(s),and(b)appointtheDepositaryitsattorney-in-fact,withfullpowertodelegate,toactonitsbehalfandtotakeanyandallactionscontemplatedintheDepositAgreementandtheapplicableADR(s),toadoptanyandallproceduresnecessarytocomplywithapplicablelawandtotakesuchactionastheDepositaryinitssolediscretionmaydeemnecessaryorappropriatetocarryoutthepurposesoftheDepositAgreementandtheapplicableADR(s)(thetakingofsuchactionstobetheconclusivedeterminantofthenecessityandappropriatenessthereof). ThestatementsmadeonthefaceandreverseofthisReceiptaresummariesofcertainprovisionsoftheDepositAgreementandtheMemorandumandArticlesofAssociation(asineffectonthedateoftheDepositAgreement)andarequalifiedbyandsubjecttothedetailedprovisionsoftheDepositAgreement,towhichreferenceisherebymade.AllcapitalizedtermsusedhereinwhicharenototherwisedefinedhereinshallhavethemeaningsascribedtheretointheDepositAgreement.TotheextentthereisanyinconsistencybetweenthetermsofthisReceiptandthetermsoftheDepositAgreement,thetermsoftheDepositAgreementshallprevail.ProspectiveandactualHoldersandBeneficialOwnersareencouragedtoreadthetermsoftheDepositAgreement.TheDepositarymakesnorepresentationorwarrantyastothevalidityorworthoftheDepositedSecurities.TheDepositaryhasmadearrangementsfortheacceptanceoftheAmericanDepositarySharesintoDTC.EachBeneficialOwnerofAmericanDepositarySharesheldthroughDTCmustrelyontheproceduresofDTCandtheDTCParticipantstoexerciseandbeentitledtoanyrightsattributabletosuchAmericanDepositaryShares.TheReceiptevidencingtheAmericanDepositarySharesheldthroughDTCwillberegisteredinthenameofanomineeofDTC.SolongastheAmericanDepositarySharesareheldthroughDTCorunlessotherwiserequiredbylaw,ownershipofbeneficialinterestsintheReceiptregisteredinthenameofDTC(oritsnominee)willbeshownon,andtransfersofsuchownershipwillbeeffectedonlythrough,recordsmaintainedby(i)DTC(oritsnominee),or(ii)DTCParticipants(ortheirnominees). (2)SurrenderofReceiptsandWithdrawalofDepositedSecurities.Uponsurrender,attheCorporateTrustOfficeoftheDepositary,ofADSsevidencedbythisReceiptforthepurposeofwithdrawaloftheDepositedSecuritiesrepresentedthereby,anduponpaymentof(i)thefeesandchargesoftheDepositaryforthemakingofwithdrawalsofDepositedSecuritiesandcancellationofReceipts(assetforthinSection5.9oftheDepositAgreementandArticle(9)hereof)and(ii)allfees,taxesand/orgovernmentalchargespayableinconnectionwithsuchsurrenderandwithdrawal,and,subjecttothetermsandconditionsoftheDepositAgreement,theMemorandumandArticlesofAssociation,Section7.10oftheDepositAgreement,Article(22)hereofandtheprovisionsoforgoverningtheDepositedSecuritiesandotherapplicablelaws,theHolderoftheAmericanDepositarySharesevidencedherebyisentitledt