普普文化美股招股说明书(2024-03-19版)

424B51ea0201795-424b5_popculture.htmPROSPECTUSSUPPLEMENT FiledpursuanttoRule424(b)(5)RegistrationNo.333-266130 ProspectusSupplement (ToProspectusdatedNovember4,2022) 1,500,000ClassAOrdinaryShares PopCultureGroupCo.,Ltd ThisisanofferingofthesecuritiesofPopCultureGroupCo.,Ltd,aCaymanIslandsholdingcompany.Unlessotherwisestated,asusedinthisprospectus,referencesto“we,”“us,”“our,”“PopCultureGroup,”andthe“Company”aretoPopCultureGroupCo.,Ltd,acompanyorganizedunderthelawsoftheCaymanIslands. Weareoffering1,500,000ClassAordinarysharesofparvalueUS$0.01pershareinthecapitaloftheCompany(the“ClassAOrdinaryShares”),pursuanttothisprospectussupplementandtheaccompanyingprospectus,atapurchasepriceofUS$2.86pershare. TheauthorizedsharecapitaloftheCompanyisUS$60,000.00dividedinto4,400,000ClassAOrdinarySharesofparvalueUS$0.01each,600,000ClassBordinarysharesofparvalueUS$0.01each(the“ClassBOrdinaryShares”),and1,000,000ClassCordinarysharesofparvalueUS$0.01each(the“ClassCOrdinaryShares”).Wehave1,862,733ClassAOrdinaryShares,576,308ClassBOrdinaryShares,andnoClassCOrdinarySharesissuedandoutstanding,respectively,asofthedateofthisprospectussupplement.HoldersofClassAOrdinarySharesandClassBOrdinaryShareshavethesamerightsexceptforvotingandconversionrights.Inrespectofmattersrequiringavoteofallshareholders,eachholderofClassAOrdinaryShareswillbeentitledtoonevoteperoneClassAordinaryshareandeachholderofClassBOrdinaryShareswillbeentitledtosevenvotesperoneClassBordinaryshare.TheClassAOrdinarySharesarenotconvertibleintosharesofanyotherclass.TheClassBOrdinarySharesareconvertibleintoClassAOrdinarySharesatanytimeafterissuanceattheoptionoftheholderonaone-to-onebasis.ThetermsoftheClassCOrdinarySharesshallbethesameasClassAOrdinaryShares,exceptthatholdersofClassCOrdinarySharesarenotentitledtovote. OurClassAOrdinarySharesarelistedonTheNasdaqCapitalMarket,orNasdaq,underthesymbol“CPOP.”OnMarch18,2024,thelastreportedsalepriceofourClassAOrdinarySharesonNasdaqwasUS$3.27pershare. Wearean“emerginggrowthcompany”asdefinedintheJumpstartOurBusinessActof2012,orthe“JOBSAct,”asamended,and,assuch,willbesubjecttoreducedpubliccompanyreportingrequirements. Theaggregatemarketvalueofouroutstandingordinarysharesheldbynon-affiliates,orpublicfloat,asofMarch19,2024,wasapproximatelyUS$12.98million,whichwascalculatedbasedon1,805,393ClassAOrdinarySharesheldbynon-affiliatesasofMarch19,2024andapersharepriceofUS$7.19,whichwastheclosingpriceofourClassAOrdinarySharesonNasdaqonFebruary20,2024.PursuanttoGeneralInstructionI.B.5ofFormF-3,innoeventwillwesellthesecuritiescoveredherebyinapublicprimaryofferingwithavalueexceedingmorethanone-thirdoftheaggregatemarketvalueofourordinarysharesinany12-monthperiodsolongastheaggregatemarketvalueofouroutstandingordinarysharesheldbynon-affiliatesremainsbelowUS$75,000,000.Duringthe12calendarmonthspriortoandincludingthedateofthisprospectus,wehavenotsoldanysecuritiespursuanttoGeneralInstructionI.B.5ofFormF-3. WeareanoffshoreholdingcompanywithnomaterialoperationsofourownandnotaChineseoperatingcompany.OuroperationsareconductedinChinabyoursubsidiaries.ThisisanofferingoftheClassAOrdinarySharesoftheoffshoreholdingcompanyintheCaymanIslands,insteadofsecuritiesoftheoperatingentitiesinChina.Therefore,youwillnotdirectlyholdanyequityinterestsintheoperatingentities. WearesubjecttocertainlegalandoperationalrisksassociatedwithhavingthemajorityofouroperationsinChina,whichcouldsignificantlylimitorcompletelyhinderourabilitytooffersecuritiestoinvestorsandcausethevalueofoursecuritiestosignificantlydeclineorbeworthless.See“Item3.KeyInformation—D.RiskFactors—RisksRelatingtoDoingBusinessinthePRC—AnyactionsbytheChinesegovernment,includinganydecisiontointerveneorinfluencetheoperationsofthePRCoperatingentitiesortoexertcontroloveranyofferingofsecuritiesconductedoverseasand/orforeigninvestmentinChina-basedissuers,maycauseustomakematerialchangestotheoperationsofthePRCoperatingentities,maylimitorcompletelyhinderourabilitytoofferorcontinuetooffersecuritiestoinvestors,andmaycausethevalueofsuchsecuritiestosignificantlydeclineorbeworthless”inourmostrecentannualreportonForm20-F(the“2023AnnualReport”).Recently,thePRCgovernmentadoptedaseriesofregulatoryactionsandissuedstatementstoregulatebusinessoperationsinthePRC,includingcrackingdownonillegalactivitiesinthesecuritiesmarket,adoptingnewmeasurestoextendthescopeofcybersecurityreviews,andexpandingtheeffortsinanti-monopolyenforcement.Forexample,theGeneralOfficeoftheCentralCommitteeoftheCommunistPartyofChinaandtheGeneralOfficeoftheStateCounciljointlyissuedtheOpinionsonSeverelyCrackingDownonIllegalSecuritiesActivitiesAccordingtoLaw,ortheOpinions,whichweremadeavailabletothepubliconJuly6,2021.TheOpinionsemphasizedtheneedtostrengthentheadministrationoverillegalsecuritiesactivitiesandtheneedtostrengthenthesupervisionoveroverseaslistingsbyChinesecompanies.OnDecember28,2021,theCyberspaceAdministrationofChina,togetherwith12othergovernmentaldepartmentsofthePRC,jointlypromulgatedtheMeasuresforCybersecurityReview(2021version)(the“CybersecurityReviewMeasures”),w