尚乘国际美股招股说明书(2023-04-21版)

424B31d412806d424b3.htm424(B)(3) TableofContents FiledPursuanttoRule424(b)(3)RegistrationNo.333-264433 ProspectusSupplement (ToProspectusdatedApril22,2022) AMTDIDEAGroup45,000,000AmericanDepositaryShares Representing90,000,000ClassAOrdinaryShares Thisprospectussupplementrelatestoanofferingofanaggregateof45,000,000Americandepositaryshares(the“ADSs”),representing90,000,000ClassAordinaryshares,parvalueUS$0.0001pershare,ofAMTDIDEAGrouptoagroupofselectedinvestors.TheADSs,eachrepresentingtwoClassAordinaryshares,arelistedontheNewYorkStockExchange(“NYSE”),underthesymbol“AMTD.”OnApril20,2023,thelastreportedsalepriceoftheADSsonNYSEwasUS$1.69perADS. WehaveenteredintosharesubscriptionagreementswitheachofMintInternational(Holding)TrustLtd.,GHInvestmentOfficeLtd,RadiantCentricInvestmentInc.,HilburgUniversalHoldingsGroupandPioneerHoldingInc.,ortheinvestors,forthepurchaseofthesecuritiesbeingofferedhereby.Inthisoffering,MintInternational(Holding)TrustLtdwillpurchase10,000,000ADSs,GHInvestmentOfficeLtd.willpurchase8,750,000ADSs,RadiantCentricInvestmentInc.willpurchase9,500,000ADSs,HilburgUniversalHoldingsGroupwillpurchase8,750,000ADSs,andPioneerHoldingInc.willpurchase8,000,000ADSs,eachatapriceofUS$2.08perADS. See“RiskFactors”beginningonpageS-26ofthisprospectussupplementandinanydocumentsincorporatedbyreferenceintothisprospectussupplementandtheaccompanyingprospectusforadiscussionofcertainrisksthatshouldbeconsideredinconnectionwithaninvestmentintheADSsorClassAordinaryshares. AMTDIDEAGroupisaCaymanIslandsholdingcompany.OuroperationsareprimarilyconductedbyouroperatingsubsidiariesinHongKong,Singapore,theUnitedStates,France,andItaly.InvestorsintheADSsandClassAordinarysharesthusarepurchasingequityinterestsinaCaymanIslandsholdingcompanythathasnosubstantiveoperations.Asaholdingcompany,AMTDIDEAGroupmayrelyondividendsfromoursubsidiariesforcashrequirements,includinganypaymentofdividendstoourshareholders.TheabilityofoursubsidiariestopaydividendstoAMTDIDEAGroupmayberestrictedbylawsandregulationsapplicabletothemorthedebttheyincurontheirownbehalfortheinstrumentsgoverningtheirdebt.Foradetaileddescription,see“ProspectusSupplementSummary—CashTransfersandDividendDistribution.”Inaddition,ourstrategicinvestmentbusinessissubjecttoliquidityrisks,andwemayneedadditionalfinancingbutmaynotbeabletoobtainitonfavorabletermsoratall,allofwhichmayimposeliquidityrisksonusandadverselyaffectourabilitytopaydividendstoourshareholders. AlthoughwedonothaveanymaterialoperationsinMainlandChinaoranyvariableinterestentitiesinplace,thebusinessoperationsofcertaininvesteecompaniesofoursareconductedinMainlandChina.PRClawsdonotcurrentlyprohibitdirectforeigninvestmentinourinvesteecompaniesinMainlandChina,andourinvestorscouldpotentiallyownequityinterestsinourinvesteecompaniesinMainlandChina. Nonetheless,we,togetherwithourinvesteecompaniesinMainlandChinafacerisksanduncertainties associatedwiththecomplexandevolvingPRClawsandregulations,andPRCregulatoryauthoritiescoulddisallowthecorporatestructurethroughwhichweinvestinourinvesteecompaniesorholdoursubsidiary,ifany,inMainlandChina,andcouldextendsuchprohibitiontoourHongKongoperations,whichcouldleadtoamaterialchangeinouroperationsand/oramaterialchangeinthevalueoftheADSs,andcouldcausethevalueoftheADSsandClassAordinarysharestosignificantlydeclineorbecomeworthless.See“Item3.KeyInformation—D.RiskFactors—RisksRelatingtoDoingBusinessinMainlandChinaandHongKong—ThePRCgovernment’ssignificantauthoritytointerveneinorinfluencetheMainlandChinaoperationsofanoffshoreholdingcompanyatanytimecouldlimitourabilitytotransferoruseourcashoutsideofPRC,andcouldotherwiseresultinamaterialadversechangeto TableofContents ourbusinessoperations,includingourHongKongoperationsandcausetheADSsandClassAordinarysharestosignificantlydeclineinvalueorbecomeworthless”inourannualreportonForm20-FfortheyearendedDecember31,2021,orour2021Form20-F,whichisincorporatedintheaccompanyingprospectusbyreference. Wefacevariouslegalandoperationalrisksanduncertaintiesrelatingtoouroperations.AlthoughwedonothaveanymaterialoperationsinMainlandChinaoranyvariableinterestentitiesinplace,weandcertaininvesteecompaniesofourswhosebusinessoperationsareprimarilyconductedinMainlandChinafacerisksanduncertaintiesassociatedwiththecomplexandevolvingPRClawsandregulationsandastowhetherandhowthePRCgovernmentstatementsandregulatorydevelopments,suchasthoserelatingtoregulatoryapprovalsonoffshoreofferings,anti-monopolyregulatoryactions,oversightoncybersecurityanddataprivacy,andvariableinterestentities,wouldapplytousorourinvesteecompanies.Shouldthesestatementsorregulatoryactionsapplytoourinvesteecompaniesortoourselves,includingourHongKongoperations,inthefuture,orifweexpandourbusinessoperationsintoMainlandChinasuchthatwebecomesubjecttothemtoagreaterextent,ourabilitytoconductourbusiness,investintoormaintainourinvestmentinMainlandChinaasforeigninvestmentsoracceptforeigninvestments,orlistonaU.S.orotheroverseasexchangemayberestricted.Forexample,PRCregulatorshavebeenincreasinglyfocusedonregulationinareasofdatasecuritya