波奇宠物美股招股说明书(2023-07-31版)

424B51d698855d424b5.htm424(B)(5) TableofContents PROSPECTUSSUPPLEMENT (ToprospectusdatedNovember15,2022) FiledpursuanttoRule424(b)(5)RegistrationNo.333-267919 BoqiiHoldingLimited Upto$8,040,000ofAmericanDepositaryShares Thisprospectussupplementrelatestotheissuanceandsaleof(i)upto$8,000,000ofourAmericandepositaryshares(the“ADSs”),eachADSrepresenting4.5ClassAordinaryshares,parvalue$0.001pershare,oftheCompany(the“PurchaseShares”)thatwemayselltoVGMasterFundSPC(“VG”),fromtimetotimepursuanttoapurchaseagreement,datedJuly28,2023(the“PurchaseAgreement”),thatwehaveenteredintowithVG,and(ii)anadditional$40,000ofourADSsbeingissuedtoVGascommitmentsharesunderthePurchaseAgreement.See“VGTransaction”foradescriptionofthePurchaseAgreementandadditionalinformationregardingVG.VGisan“underwriter”withinthemeaningofSection2(a)(11)oftheSecuritiesActof1933,asamended(the“SecuritiesAct”). ThepurchasepriceforthePurchaseShareswillbebaseduponformulassetforthinthePurchaseAgreement.WewillpaytheexpensesincurredinregisteringtheADSssoldunderthePurchaseAgreement,includinglegalandaccountingfees.See“PlanofDistribution”formoreinformation. OurADSsarecurrentlylistedontheNYSEunderthesymbol“BQ.”OnJuly27,2023,thelastreportedsalepriceofourADSsonTheNYSEwas$1.47perADS.PursuanttoGeneralInstructionI.B.5ofFormF-3,innoeventwillwesellthesecuritiescoveredherebyinapublicprimaryofferingwithavalueexceedingmorethanone-thirdoftheaggregatemarketvalueofourvotingandnon-votingcommonequityheldbynon-affiliatesinany12-monthperiodsolongastheaggregatemarketvalueofouroutstandingvotingand non-votingcommonequityheldbynon-affiliatesremainsbelowUS$75,000,000.TheaggregatemarketvalueofourissuedandoutstandingClassAordinarysharesheldbynon-affiliates,orpublicfloat,wasapproximatelyUS$21.31million,whichwascalculatedbasedon47,005,394ClassAordinarysharesissuedandoutstandingheldbynon-affiliatesandaperADSclosingpriceofUS$2.04asreportedontheNYSEonJune22,2023.Duringthe12calendarmonthspriortoandincludingthedateofthisprospectus,wehavenotofferedorsoldanysecuritiespursuanttoGeneralInstructionI.B.5ofFormF-3. Investinginoursecuritiesinvolvesrisks.Beforebuyinganysecurities,youshouldcarefullyconsidertherisksthatwehavedescribedin“SupplementalRiskFactors”beginningonpageS-17ofthisprospectussupplement,aswellasthosedescribedinourfilingsundertheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”). BoqiiHoldingLimitedisaCaymanIslandsholdingcompanywithnobusinessoperations.OurcorporatestructureinvolvesuniqueriskstoinvestorsintheADSs.TheCompanyconductsitsoperationsinChinathroughitsPRCsubsidiariesandtheconsolidatedvariableinterestentities,orthe“VIEs”,andtheVIEs’subsidiaries.TheCompany,itsshareholderswhoarenon-PRCresidentsanditssubsidiariesdonotandarenotlegallypermittedtohaveanyequityinterestsintheVIEsascurrentPRClawsandregulationsrestrictforeigninvestmentincompaniesthatengageinvalue-addedtelecommunicationservicesandcertainotherrestrictedservicesrelatedtoourbusinesses.Asaresult,theCompanyoperatesrelevantbusinessesinChinathroughcertaincontractualarrangementsbyandamongitsPRCsubsidiaries(namelyNanjingXinmuInformationTechnologyCo.,Ltd.,Xincheng(Shanghai)InformationTechnologyCo.,Ltd.andShanghaiMeiyizhiSupplyChainCo.,Ltd.,orcollectively,the“WFOEs”),theVIEsandtherespectiveshareholdersoftheVIEs.ThisstructureallowstheWFOEstodirecttheactivitiesoftheVIEs,andbeconsideredtheprimarybeneficiaryoftheVIEsforaccountingpurposes,whichservesthepurposeofconsolidatingtheVIEs’operatingresultsintheCompany’sfinancialstatementsundertheaccountingprinciplesgenerallyacceptedintheUnitedStates,orU.S.GAAP.Thisstructurealsoprovidescontractualexposuretoforeigninvestmentinsuchcompanies.InvestorsintheCompany’sADSsarepurchasingequitysecuritiesofaCaymanIslandsholdingcompanyratherthanequitysecuritiesissuedbytheCompany’ssubsidiariesandtheVIEs.ThesecuritiesofferedinthisprospectusaresecuritiesofourCaymanIslandsholdingcompany,notofitsoperatingsubsidiariesortheVIEs.InvestorsoftheCompany’sADSsmayneverholdequityinterestsinourPRCoperatingsubsidiariesortheVIEs.Asusedinthisprospectus,“Boqii,”“we,”“us,”“ourcompany,”“theCompany,”“theGroup”and“our”refertoBoqiiHoldingLimited,aCaymanIslandsexemptedcompanyanditssubsidiariesand,inthecontextofdescribingouroperationsandconsolidatedfinancialinformation,itsVIEsandtheir respectivesubsidiaries,unlessspecificreferenceismadetoanentity.“VIEs”referstotheconsolidatedPRCvariableinterestentities,includingSuzhouTaichengSupplyChainCo.,Ltd.,Guangcheng(Shanghai)InformationTechnologyCo.,Ltd.,NanjingXingmuBiotechnologyCo.,Ltd.andSuzhouXingyunYuemingSupplyChainCo.,Ltd. Asofthedateofthisprospectus,tothebestknowledgeofourCompany,ourdirectorsandmanagement,theVIEagreementshavenotbeentestedinacourtoflawinthePRC.However,ifnewlawsandregulationsspecifythattheVIEagreementsareinviolationofrelevantPRClawsandregulationsandthePRCgovernmentaccordinglydeemsthatourcontractualarrangementswiththeVIEsdonotcomplywithPRCregulatoryrestrictionsonforeigninvestmentintherelevantindustries,wecouldbesubjecttomaterialpenaltiesorbeforcedtorelinquishourinterestsint