红黄蓝教育美股招股说明书(2023-10-30版)

424B31e619019_424b3-geh.htm FiledpursuanttoRule424(b)(3)RegistrationStatementonFormF-6RegistrationNo.:333-220440 [FORMOFADR] NumberCUSIPNUMBER: AmericanDepositaryShares (eachAmericanDepositarySharerepresentingtherighttoreceiveten(10)fullypaidClassAordinaryshares) AMERICANDEPOSITARYRECEIPT for AMERICANDEPOSITARYSHARES representing DEPOSITEDCLASSAORDINARYSHARES of GRAVITASEDUCATIONHOLDINGS,INC. (IncorporatedunderthelawsoftheCaymanIslands) CITIBANK,N.A.,anationalbankingassociationorganizedandexistingunderthelawsoftheUnitedStatesofAmerica,asdepositary(the“Depositary”),herebycertifiesthatistheownerofAmericanDepositaryShares(hereinafter“ADS”)representingdepositedClassAordinaryshares,includingevidenceofrightstoreceivesuchClassAordinaryshares(the“Shares”),ofGRAVITASEDUCATIONHOLDINGS,INC.(formerlyknownas“RYBEducation,Inc.”),anexemptedcompanywithlimitedliabilityorganizedunderthelawsoftheCaymanIslands(the“Company”).AsofthedateofissuanceofthisADR,eachADSrepresentstherighttoreceiveten(10)SharesdepositedundertheDepositAgreement(ashereinafterdefined)withtheCustodian,whichatthedateoftheexecutionoftheDepositAgreementwasCitibank,N.A.(the“Custodian”).TheADS(s)-to-Share(s)ratioissubjecttoamendmentasprovidedinArticlesIVandVIoftheDepositAgreement.TheDepositary’sPrincipalOfficeislocatedat388GreenwichStreet,NewYork,NewYork10013,U.S.A. (1)TheDepositAgreement.ThisAmericanDepositaryReceiptisoneofanissueofAmericanDepositaryReceipts(“ADRs”),allissuedandtobeissueduponthetermsandconditionssetforthintheDepositAgreement,datedasofSeptember26,2017,asamendedbyAmendmentNo.1totheDepositAgreement,datedasofOctober14,2022(assoamendedandasfurtheramendedandsupplementedfromtimetotime,the“DepositAgreement”),byandamongtheCompany,the Depositary,andallHoldersandBeneficialOwnersfromtimetotimeofADSsissuedthereunder.TheDepositAgreementsetsforththerightsandobligationsofHoldersandBeneficialOwnersofADSsandtherightsanddutiesoftheDepositaryinrespectoftheSharesdepositedthereunderandanyandallotherDepositedProperty(asdefinedintheDepositAgreement)fromtimetotimereceivedandheldondepositinrespectoftheADSs.CopiesoftheDepositAgreementareonfileatthePrincipalOfficeoftheDepositaryandwiththeCustodian.EachHolderandeachBeneficialOwner,uponacceptanceofanyADSs(oranyinteresttherein)issuedinaccordancewiththetermsandconditionsoftheDepositAgreement,shallbedeemedforallpurposesto(a)beapartytoandboundbythetermsoftheDepositAgreementandtheapplicableADR(s),and(b)appointtheDepositaryitsattorney-in-fact,withfullpowertodelegate,toactonitsbehalfandtotakeanyandallactionscontemplatedintheDepositAgreementandtheapplicableADR(s),toadoptanyandallproceduresnecessarytocomplywithapplicablelawandtotakesuchactionastheDepositaryinitssolediscretionmaydeemnecessaryorappropriatetocarryoutthepurposesoftheDepositAgreementandtheapplicableADR(s),thetakingofsuchactionstobetheconclusivedeterminantofthenecessityandappropriatenessthereof.ThemannerinwhichaBeneficialOwnerholdsADSs(e.g.,inabrokerageaccountvs.asregisteredholder)mayaffecttherightsandobligationsof,themannerinwhich,andtheextenttowhich,servicesaremadeavailableto,BeneficialOwnerspursuanttothetermsoftheDepositAgreement. ThestatementsmadeonthefaceandreverseofthisADRaresummariesofcertainprovisionsoftheDepositAgreementandtheArticlesofAssociationoftheCompany(asineffectonthedateofthesigningoftheDepositAgreement)andarequalifiedbyandsubjecttothedetailedprovisionsoftheDepositAgreementandtheArticlesofAssociation,towhichreferenceisherebymade. AllcapitalizedtermsnotdefinedhereinshallhavethemeaningsascribedtheretointheDepositAgreement. TheDepositarymakesnorepresentationorwarrantyastothevalidityorworthoftheDepositedProperty.TheDepositaryhasmadearrangementsfortheacceptanceoftheADSsintoDTC.EachBeneficialOwnerofADSsheldthroughDTCmustrelyontheproceduresofDTCandtheDTCParticipantstoexerciseandbeentitledtoanyrightsattributabletosuchADSs.TheDepositarymayissueUncertificatedADSssubject,however,tothetermsandconditionsofSection2.13oftheDepositAgreement. A-2 (2)SurrenderofADSsandWithdrawalofDepositedSecurities.TheHolderofthisADR(andoftheADSsevidencedhereby)shallbeentitledtoDelivery(attheCustodian’sdesignatedoffice)oftheDepositedSecuritiesatthetimerepresentedbytheADSsevidencedherebyuponsatisfactionofeachofthefollowingconditions:(i)theHolder(oraduly-authorizedattorneyoftheHolder)hasdulyDeliveredADSstotheDepositaryatitsPrincipalOfficetheADSsevidencedhereby(and,ifapplicable,thisADRevidencingsuchADSs)forthepurposeofwithdrawaloftheDepositedSecuritiesrepresentedthereby,(ii)ifapplicableandsorequiredbytheDepositary,thisADRDeliveredtotheDepositaryforsuchpurposehasbeenproperlyendorsedinblankorisaccompaniedbyproperinstrumentsoftransferinblank(includingsignatureguaranteesinaccordancewithstandardsecuritiesindustrypractice),(iii)ifsorequiredbytheDepositary,theHolderoftheADSshasexecutedanddeliveredtotheDepositaryawrittenorderdirectingtheDepositarytocausetheDepositedSecuritiesbeingwithdrawntobeDeliveredtooruponthewrittenorderoftheperson(s)designatedinsuchorder,and(iv)allapplicablefeesandchargesof,