F-1/A 1 d890887df1a.htm AMENDMENT NO. 3 TO THE FORM F-1 Amendment No. 3 to the Form F-1

As filed with the Securities and Exchange Commission on August 25, 2020

Registration No. 333-242283

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Amendment No. 3

to

Form F-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

XPeng Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

Cayman Islands   3711   Not Applicable

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification Number)

No. 8 Songgang Road, Changxing Street

Cencun, Tianhe District, Guangzhou

Guangdong 510640

People’s Republic of China

+86-020-6680-6680

(Address and Telephone Number of Registrant’s Principal Executive Offices)

 

 

Cogency Global Inc.

122 East 42nd Street, 18th Floor

New York, N.Y. 10168

+1 (800) 221-0102

(Name, address and telephone number of agent for service)

 

 

 

Copies to:

Yi Gao, Esq.

Simpson Thacher & Bartlett LLP

c/o 35th Floor, ICBC Tower

3 Garden Road

Central, Hong Kong

+852-2514-7600

 

Kevin P. Kennedy, Esq.

Simpson Thacher & Bartlett LLP

2475 Hanover Street

Palo Alto, California 94304

(650) 251-5000

 

Benjamin Su, Esq.

Daying Zhang, Esq.

Latham & Watkins LLP

18th Floor, One Exchange Square

8 Connaught Place

Central, Hong Kong

+852-2912-2500

 

 

Approximate date of commencement of proposed sale to the public:

As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box.  ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company   ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act.  ☒

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

 

 

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of

Securities to be Registered(1)

 

Amount

to be

Registered(2)(3)

 

Proposed

Maximum

Offering Price

per share(3)

 

Proposed

Maximum

Aggregate

Offering Price(2)(3)

 

Amount of

Registration Fee(4)

Class A ordinary shares, par value US$0.00001 per share

  195,500,000   US$6.50   US$1,270,750,000   US$164,943.35

 

 

 

(1)

American depositary shares, or ADSs, issuable upon deposit of the Class A ordinary shares registered hereby will be registered under a separate registration statement on Form F-6 (Registration No. 333-248098). Each ADS represents two Class A ordinary shares.

(2)

Includes (a) Class A ordinary shares represented by ADSs that may be purchased by the underwriters pursuant to their over-allotment option and (b) all Class A ordinary shares represented by ADSs initially offered and sold outside the United States that may be resold from time to time in the United States either as part of the distribution or within 40 days after the later of the effective date of this registration statement and the date the securities are first bona fide offered to the public.

(3)

Estimated solely for the purpose of computing the amount of the registration fee pursuant to Rule 457(a) under the Securities Act of 1933, as amended.

(4)

Previously paid.

 

 

The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to such Section 8(a), may determine.

 

 

 


EXPLANATORY NOTE

This Amendment No. 3 is being filed solely for the purpose of changing the basis for calculating the registration fee to the estimated maximum offering price per Class A ordinary share pursuant to Rule 457(a) under the Securities Act of 1933, as amended. No changes have been made to the Registration Statement other than this explanatory note as well as revised version of the cover page and exhibit index of the Registration Statement. This Amendment No. 3 does not contain a copy of the prospectus included in the Registration Statement, which remains unchanged from Amendment No. 2 to the Registration Statement, filed on August 21, 2020. Accordingly, this Amendment No. 3 consists only of the cover page, this explanatory note and Part II of the Registration Statement.


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

 

Item 6.

Indemnification of Directors and Officers

Cayman Islands law does not limit the extent to which a company’s articles of association may provide indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to the public interest, such as providing indemnification against civil fraud or the consequences of committing a crime. The registrant’s articles of association provide that each officer or director of the registrant shall be indemnified out of the assets of the registrant against any liability incurred by him or her in defending any proceedings, whether civil or criminal, in which judgment is given in his or her favor, or the proceedings are otherwise disposed of without any finding or admission of any material breach of duty on his or her part, or in which he or she is acquitted or in connection with any application in which relief is granted to him or her by the court from liability for negligence, default, breach of duty or breach of trust in relation to the affairs of the registrant.

Under the form of indemnification agreements to be filed as Exhibit 10.1 to this registration statement, we will agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.

The form of underwriting agreement to be filed as Exhibit 1.1 to this registration statement will also provide for indemnification of us and our officers and directors.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

 

Item 7.

Recent Sales of Unregistered Securities

We are incorporated as XPeng Inc. in December 2018 and has since then issued and sold the securities described below without registering the securities under the Securities Act. None of these transactions involved any underwriters’ underwriting discounts or commissions, or any public offering. We believe that each of the following issuances was exempt from registration under the Securities Act in reliance on Regulation S or Rule 701 under the Securities Act or pursuant to Section 4(2) of the Securities Act regarding transactions not involving a public offering. As we effected a share split on March 30, 2020, through which each one of the previously issued ordinary shares and preferred shares was split into 25 ordinary shares and preferred shares, respectively, the following share numbers have given effect to such share split.

 

Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

Simplicity Holding Limited

  December 27, 2018    230,234,375 ordinary shares(1)   US$51,596,941.03   n/a

Efficiency Investment Limited

  December 27, 2018    60,000,000 ordinary shares(1)   US$391,446.89   n/a

Quality Enterprises Limited

  December 27, 2018    20,000,000 ordinary shares(1)   US$130,588.79   n/a

Success Sharing Development Holding Limited

  December 27, 2018    137,202,575 ordinary shares(1)   US$522,168.80   n/a

XPD Holdings Limited

  December 27, 2018    583,575 ordinary shares(1)   US$789,639.92   n/a

 

II-1


Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

Taobao China Holding Limited

  September 12, 2019    50,540,875 Series A preferred shares   US$46,586,904.24   n/a

GGV (Xpeng) Limited

  September 12, 2019    18,571,950 Series A-1 preferred shares   US$19,090,909.00   n/a

Morningside TMT Holding IV Limited

  September 12, 2019    14,639,425 Series A-1 preferred shares   US$15,048,485.00   n/a

Matrix Partners China IV Hong Kong Limited

  September 12, 2019    10,317,750 Series A-1 preferred shares   US$10,606,051.00   n/a

Shunwei Top Venture Limited

  September 12, 2019    2,947,925 Series A-1 preferred shares   US$3,030,303.03   n/a

XPD Holdings Limited

  September 12, 2019    583,575 Series A-2 preferred shares(2)   US$789,639.92   n/a

Taobao China Holding Limited

  September 12, 2019    54,709,700 Series B preferred shares   US$117,787,479.98   n/a

GGV (Xpeng) Limited

  September 12, 2019    4,376,775 Series B preferred shares   US$9,375,000.00   n/a

Morningside TMT Holding IV Limited

  September 12, 2019    3,377,400 Series B preferred shares   US$7,234,375.00   n/a

Matrix Partners China IV Hong Kong Limited

  September 12, 2019    2,917,850 Series B preferred shares   US$6,249,990.00   n/a

Markarian Investments Limited

  September 12, 2019    14,589,250 Series B preferred shares   US$31,250,000.00   n/a

Simplicity Holding Limited

  September 12, 2019    29,871,475 Series B-1 preferred shares   US$94,487,730.81   n/a

GGV (Xpeng) Limited

  September 12, 2019    7,148,750 Series B-1 preferred shares   US$22,595,040.30   n/a

Morningside TMT Holding IV Limited

  September 12, 2019    12,556,625 Series B-1 preferred shares   US$39,645,090.61   n/a

Morningside Special IV Hong Kong Limited

  September 12, 2019    7,287,250 Series B-1 preferred shares   US$23,182,070.70   n/a

Matrix Partners China IV Hong Kong Limited

  September 12, 2019    2,297,800 Series B-1 preferred shares   US$7,285,332.53   n/a

Xenon Investment Limited

  September 12, 2019    21,387,275 Series B-1 preferred shares   US$67,550,819.37   n/a

Sino EV Limited

  September 12, 2019    2,297,800 Series B-1 preferred shares   US$7,257,526.05   n/a

Magical Star Project Company Limited

  September 12, 2019    2,665,450 Series B-1 preferred shares   US$8,554,319.93   n/a

Proficient Development Project Company Limited

  September 12, 2019    1,571,700 Series B-1 preferred shares   US$5,044,098.99   n/a

 

II-2


Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

CK Investment Holdings Limited

  September 12, 2019    358,450 Series B-1 preferred shares   US$1,156,005.01   n/a

HH XP (HK) Holdings Limited

  September 12, 2019    2,297,800 Series B-1 preferred shares   US$7,285,337.53   n/a

Robert S Bao

  September 12, 2019    919,125 Series B-1 preferred shares   US$2,914,135.01   n/a

Taobao China Holding Limited

  September 12, 2019    18,382,450 Series B-1 preferred shares   US$57,965,973.97   n/a

Simplicity Holding Limited

  September 12, 2019    7,033,275 Series B-2 preferred shares   US$25,584,370.19   n/a

GGV (Xpeng) Limited

  September 12, 2019    1,776,075 Series B-2 preferred shares   US$6,455,725.91   n/a

Xenon Investment Limited

  September 12, 2019    3,381,375 Series B-2 preferred shares   US$12,281,967.23   n/a

KTB China Synergy Fund

  September 12, 2019    1,298,750 Series B-2 preferred shares   US$4,710,964.00   n/a

KTB AI Limited Partnership

  September 12, 2019    2,697,425 Series B-2 preferred shares   US$10,049,577.92   n/a

Sino EV Limited

  September 12, 2019    559,475 Series B-2 preferred shares   US$2,032,107.30   n/a

Luminous Ace Limited

  September 12, 2019    783,250 Series B-2 preferred shares   US$2,885,000.00   n/a

Truly Magnetic Project Company Limited

  September 12, 2019    1,214,850 Series B-2 preferred shares   US$4,483,643.55   n/a

HH XP (HK) Holdings Limited

  September 12, 2019    1,998,100 Series B-2 preferred shares   US$7,285,337.53   n/a

Taobao China Holding Limited

  September 12, 2019    5,394,850 Series B-2 preferred shares   US$19,563,516.22   n/a

PV Xenon Investment II Limited

  December 2, 2019    10,612,100 Series C preferred shares   US$40,000,000.00   n/a

Fast Pace Limited

  December 2, 2019    13,265,100 Series C preferred shares   US$50,000,000.00   n/a

Simplicity Holding Limited

  December 2, 2019    43,642,225 Series C preferred shares   US$164,500,000.00   n/a

GGV (Xpeng) Limited

  December 2, 2019    3,183,625 Series C preferred shares   US$12,000,000.00   n/a

Matrix Partners China IV Hong Kong Limited

  December 2, 2019    1,326,500 Series C preferred shares   US$5,000,000.00   n/a

 

II-3


Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

Shunwei Top Venture Limited

  December 2, 2019    397,950 Series C preferred shares   US$1,500,000.00   n/a

Golden Eagle (Asia) Investment Limited

  December 2, 2019    2,653,025 Series C preferred shares   US$10,000,000.00   n/a

Duowan Entertainment Corp.

  December 2, 2019    1,326,500 Series C preferred shares   US$5,000,000.00   n/a

Evolution Special Opportunity Fund I, L.P.

  December 2, 2019    2,306,975 Series C preferred shares   US$8,695,652.00   n/a

Evolution Fund I Co- investment, L.P.

  December 2, 2019    346,050 Series C preferred shares   US$1,304,348.00   n/a

Bryan White

  December 2, 2019    265,300 Series C preferred shares   US$1,000,000.00   n/a

Markarian Investments Limited

  December 2, 2019    265,300 Series C preferred shares   US$1,000,000.00   n/a

Pacific Rays Limited

  April 10, 2020    26,137,425 Series C preferred shares(3)   US$98,519,394.25   n/a

Shanghai Cheyou Enterprise Management Partnership (Limited Partnership)

  April 24, 2020    15,753,000 Class A ordinary shares and 27,567,750 Series A preferred shares(4)   US$25,531,932.02   n/a

Shanghai Yuanxin Enterprise Management Partnership (Limited Partnership)

  April 24, 2020    8,935,900 Series B-1 preferred shares and 2,220,100 Series B-2 preferred shares(4)   US$36,034,997.19   n/a

CX TMT Holding IV Limited

  April 24, 2020    3,932,550 Series A-1 preferred shares, 999,350 Series B preferred shares, 5,432,025 Series B-1 preferred shares and 999,050 Series B-2 preferred shares(4)   US$27,032,426.33   n/a

Pacific Rays Limited

  April 24, 2020    14,739,650 Series A-1 preferred shares and 36,473,100 Series B preferred shares(4)   US$95,379,531.89   n/a

Zhuhai Guangkong Zhongying Industrial Investment Fund Partnership (Limited Partnership)

  April 24, 2020    2,653,125 Series A-1 preferred shares(4)   US$ 2,848,416.76   n/a

 

II-4


Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

Shanghai Jihe Enterprise Management Consulting Partnership (Limited Partnership)

  April 24, 2020    2,917,850 Series A-2 preferred shares, 729,450 Series B preferred shares, 919,125 Series B-1 preferred shares and 3,996,200 Series B-2 preferred shares(4)   US$22,830,179.38   n/a

Shanghai Guangyi Investment Management Center (Limited Partnership)

  April 24, 2020    2,334,275 Series A-2 preferred
shares(4)
  US$ 3,162,255.32   n/a

Speed Up Holdings Limited

  April 24, 2020    2,334,275 Series A-2 preferred shares and 459,550 Series B-1 preferred shares(4)   US$4,602,990.67   n/a

Shanghai Huiyu Enterprise Management Partnership (Limited Partnership)

  April 24, 2020    7,294,625 Series B preferred shares(4)   US$ 15,914,950.50   n/a

XP Management Limited

  April 24, 2020    13,130,325 Series B preferred
shares(4)
  US$28,611,848.48   n/a

Yincheng Investment Limited

  April 24, 2020    3,888,600 Series B-1 preferred shares and 614,800 Series B-2 preferred shares(4)   US$14,418,155.34   n/a

Ningbo Dingpeng Equity Investment Partnership (Limited Partnership)

  April 24, 2020    4,595,600 Series B-1 preferred shares and 1,998,100 Series B-2 preferred shares(4)   US$21,659,089.41   n/a

Shanghai Yuanxin Enterprise Management Partnership (Limited Partnership)

  May 11, 2020    795,907 Series C preferred shares(3)   US$3,000,000.00   n/a

Hongdi Brian Gu

  May 26, 2020    318,363 Series C preferred shares   US$1,200,000.00   n/a

Quack Holding Limited

  June 28, 2020    17,643,400 Class A ordinary shares(5)   US$176.44   n/a

Like Minded Enterprise Limited

  June 28, 2020    15,760,000 Class A ordinary shares(5)   US$157.60   n/a

Xpeng Fortune Holdings Limited

  June 28, 2020    33,349,070 Class A ordinary shares(5)   US$333.49   n/a

Respect Holding Limited

  June 28, 2020    21,000,000 Class B ordinary shares(5)   US$210.00   n/a

Aspex Master Fund

  July 22, 2020    20,758,851 Series C preferred shares   US$90,000,000.00   n/a

 

II-5


Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

Coatue PE Asia 33 LLC

  July 22, 2020    20,758,851 Series C preferred shares   US$90,000,000.00   n/a

HH XP (HK) Holdings Limited

  July 22, 2020    16,145,773 Series C preferred shares   US$70,000,000.00   n/a

SCC Growth VI Holdco E, Ltd.

  July 22, 2020    16,145,773 Series C preferred shares   US$70,000,000.00   n/a

Hel Ved Master Fund

  July 22, 2020    2,306,539 Series C preferred shares   US$10,000,000.00   n/a

Matrix Partners China IV Hong Kong Limited

  July 24, 2020    4,613,078 Series C preferred shares   US$20,000,000.00   n/a

Anatole Partners Master Fund, L.P.

  July 24, 2020    3,010,034 Series C preferred shares   US$13,050,000.00   n/a

Anatole Partners Enhanced Master Fund, L.P.

  July 24, 2020    449,775 Series C preferred shares   US$1,950,000.00   n/a

Tairen Alpha Fund Limited

  July 24, 2020    3,459,809 Series C preferred shares   US$15,000,000.00   n/a

3W Global Fund

  July 24, 2020    3,459,809 Series C preferred shares   US$15,000,000.00   n/a

ZWC XP Investments Limited

  July 24, 2020    3,459,809 Series C preferred shares   US$15,000,000.00   n/a

CloudAlpha Master Fund

  July 24, 2020    2,306,539 Series C preferred shares   US$10,000,000.00   n/a

Summer Rocket Holdings Limited

  July 24, 2020    2,306,539 Series C preferred shares   US$10,000,000.00   n/a

Grand Horizon Plus Investment Limited

  July 24, 2020    2,306,539 Series C preferred shares   US$10,000,000.00   n/a

Azure Kingfisher Limited

  July 24, 2020    2,306,539 Series C preferred shares   US$10,000,000.00   n/a

Pine Summit International Limited

  July 24, 2020    1,153,270 Series C preferred shares   US$5,000,000.00   n/a

Neumann Capital

  July 24, 2020    1,153,270 Series C preferred shares   US$5,000,000.00   n/a

Shengyu Ventures Limited

  July 24, 2020    461,308 Series C preferred shares   US$2,000,000.00   n/a

Luminous Time Limited

  July 24, 2020    461,308 Series C preferred shares   US$2,000,000.00   n/a

Cheung Shun Ching

  July 24, 2020    461,308 Series C preferred shares   US$2,000,000.00   n/a

Celestial Dragon Holdings Limited

  July 24, 2020    461,308 Series C preferred shares   US$2,000,000.00   n/a

 

II-6


Securities/Purchaser

 

Date of Issuance

  

Number of Securities

 

Consideration

in U.S. Dollars

 

Underwriting
Discount and
Commission

Robert S Bao

  July 24, 2020    230,654 Series C preferred shares   US$1,000,000.00   n/a

Ampere Partners Holding Limited

  July 24, 2020    230,654 Series C preferred shares   US$1,000,000.00   n/a

Credit Suisse AG, Singapore Branch

  July 24, 2020    3,459,809 Series C preferred shares   US$15,000,000.00   n/a

Al-Rayyan Holding LLC

  July 29, 2020    23,065,390 Series C preferred shares   US$100,000,000.00   n/a

Taobao China Holding Limited

  August 6, 2020    49,590,589 Series C preferred shares   US$215,000,000.00   n/a

Aerospace Holding Company LLC

  August 6, 2020    23,065,390 Series C preferred shares   US$100,000,000.00   n/a

Quack Holding Limited

  August 6, 2020    14,850,560 Class A ordinary shares(6)   US$148.50   n/a

XPeng Fortune Holdings Limited

  August 6, 2020    9,695,210 Class A ordinary shares   US$96.95   n/a

Dazzling Mount Holdings Limited

  August 6, 2020    3,501,425 Series A-2 preferred shares and 1,922,624 Series B preferred shares(4)   US$8,059,249.80   n/a

Simplicity Holding Limited

  August 6, 2020    16,926,907 Series B preferred shares(4)   US$33,183,603.35   n/a

Efficiency Investment Limited

  August 6, 2020    1,137,879 Series B preferred shares(4)   US$2,230,703.89   n/a

Hongdi Brian Gu

  August 6, 2020    1,896,465 Series B preferred shares(4)   US$3,717,839.82   n/a

 

(1)

As part of the Registrant’s reorganization, on June 14, 2019, the Registrant redeemed a certain number of ordinary shares from the investor, while later on August 8, 2019, the Registrant issued the same number of ordinary shares back to such investor.

(2)

As part of the Registrant’s reorganization, the Registrant redeemed 23,343 ordinary shares from XPD Holdings Limited, and re-designated and re-classified such ordinary shares into the same number of Series A-2 preferred shares.

(3)

Consideration for such shares was initially paid to Chengxing Zhidong in the form of interest-free loans denominated in RMB. After the relevant shareholder completes the regulatory registrations for overseas investment, Chengxing Zhidong will repay the loan, and the shareholder will pay the equivalent amount to XPeng Inc. in U.S. dollars.

(4)

Shares purchased pursuant to warrants granted on September 12, 2019.

(5)

Shares issued in connection with the restructuring of Success Sharing.

(6)

Shares issued pursuant to the RSUs granted to Hongdi Brian Gu.

In June 2020, XPeng Inc. adopted a share incentive plan, or the Plan allows us to grant options, restricted shares, RSUs and other equity awards to our employees, directors and consultants. As of the date of this prospectus, 96,274,295 RSUs were granted and outstanding, and shares underlying 43,044,280 of such RSUs have been issued to XPeng Fortune Holdings Limited, which has been established for our share incentive plan.

 

Item 8.

Exhibits and Financial Statement Schedules

 

(a)

Exhibits

See Exhibit Index beginning on page II-7 of this Registration Statement.

 

II-7


(b)

Financial Statement Schedules.

All supplement schedules are omitted because of the absence of conditions under which they are required or because the information is shown in the financial statements or notes thereto.

 

Item 9.

Undertakings

The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant under the provisions described in Item 6, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes that:

 

  (1)

For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

 

  (2)

For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

II-8


EXHIBIT INDEX

 

Exhibit
No.
 

Description of Exhibit

  1.1***   Form of Underwriting Agreement
  3.1***   Sixth Amended and Restate Memorandum and Articles of Association of the Registrant, amended and restated on August 5, 2020
  3.2***   Form of Seventh Amended and Restated Memorandum and Articles of Association of the Registrant
  4.1***   Specimen of Ordinary Share Certificate
  4.2**   Form of Deposit Agreement among the Registrant, Citibank, N.A., as depositary, and the holders and beneficial owners of ADSs issued thereunder
  4.3**   Form of American Depositary Receipt evidencing American Depositary Shares (included in Exhibit 4.2)
  4.4***   Fourth Amended and Restated Shareholders Agreement, dated June 28, 2020
  4.5***   Supplemental Agreement to the Fourth Amended and Restated Shareholders Agreement, dated August 5, 2020
  4.6***   Registration Right Agreement, dated August 20, 2020
  5.1***   Opinion of Harney Westwood & Riegels regarding the validity of the ordinary shares being registered
10.1***   Form of Indemnification Agreement between the Registrant and its directors and executive officers
10.2***   Form of Employment Agreement between the Registrant and its executive officers based in the PRC
10.3***   English translation of Equity Interest Pledge Agreement by and among Xiaopeng Technology, Zhipeng IoV and shareholders of Zhipeng IoV, dated May 28, 2018
10.4***   English translation of Power of Attorney by and among Xiaopeng Technology, Zhipeng IoV and shareholders of Zhipeng IoV, dated May  28, 2018
10.5***   English translation of Loan Agreement by and among Xiaopeng Technology and shareholders of Zhipeng IoV, dated May 28, 2018
10.6***   English translation of Exclusive Service Agreement between Xiaopeng Technology and Zhipeng IoV, dated May 28, 2018
10.7***   English translation of Exclusive Option Agreement by and among Xiaopeng Technology, Zhipeng IoV and shareholders of Zhipeng IoV, dated May 28, 2018
10.8***   English translation of Equity Interest Pledge Agreement by and among Xiaopeng Chuxing, Yidian Chuxing and shareholders of Yidian Chuxing, dated May 28, 2018
10.9***   English translation of Power of Attorney by and among Xiaopeng Chuxing, Yidian Chuxing and shareholders of Yidian Chuxing, dated May 28, 2018
10.10***   English translation of Loan Agreement by and among Xiaopeng Chuxing and shareholders of Yidian Chuxing, dated May 28, 2018
10.11***   English translation of Exclusive Service Agreement between Xiaopeng Chuxing and Yidian Chuxing, dated May 28, 2018
10.12***   English translation of Exclusive Option Agreement by and among Xiaopeng Chuxing, Yidian Chuxing and shareholders of Yidian Chuxing, dated May 28, 2018
10.13***   English translation of Loan Agreement, between Zhaoqing High-Tech Industry Development Zone Construction Investment and Development Co., Limited and Chengxing Zhidong, dated May 27, 2017

 

II-9


Exhibit
No.
 

Description of Exhibit

10.14***   English translation of Amendment No.  1 to the Loan Agreement, by and among Zhaoqing High-Tech Industry Development Zone Construction Investment and Development Co., Limited, Chengxing Zhidong and Zhaoqing Xiaopeng Automobile Co., Ltd., dated August 25, 2017
10.15***†   English translation of Xiaopeng Brand Vehicle Cooperative Manufacturing Agreement, between Xiaopeng Technology and Haima Automobile Co., Ltd., dated March 31, 2017
10.16***†   English translation of Xiaopeng Brand Vehicle Distribution Agreement, between Xiaopeng Technology and Haima Automobile Co., Ltd., dated March 31, 2017
10.17***   Amended and Restated 2019 Share Incentive Plan
10.18***   Form of Employment Agreement between the Registrant and its executive officers based in the United States
10.19***   Form of Employment Agreement between the Registrant and its executive officers based in Hong Kong
21.1***   Subsidiaries of Registrant
23.1***   Consent of PricewaterhouseCoopers Zhong Tian LLP
23.2***   Consent of Harney Westwood & Riegels (included in Exhibit 5.1)
23.3***   Consent of Fangda Partners (included in Exhibit 99.2)
23.4***   Consent of IHS Global Inc.
23.5***   Consent of Donghao Yang
24.1***   Powers of Attorney (included on the signature page in Part II of this Registration Statement)
99.1***   Code of Business Conduct and Ethics of the Registrant
99.2***   Opinion of Fangda Partners regarding certain PRC law matters

 

**

Incorporated by reference to the Registration Statement on Form F-6 filed with the Securities and Exchange Commission with respect to American depositary shares representing our ordinary shares.

***

Previously filed.

Portions of this exhibit have been omitted in accordance with Item 601(b)(10) of Regulation S-K.

 

II-10


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Guangdong, China on August 25, 2020.

 

XPENG INC.
By:  

/s/ Xiaopeng He

  Name:     Xiaopeng He
  Title:   Chairman and Chief Executive Officer

 

 

Signature

  

Capacity

 

Date

/s/ Xiaopeng He

  

Chairman and Chief Executive Officer

(principal executive officer)

  August 25, 2020
Xiaopeng He

/s/ Heng Xia

   Director and President   August 25, 2020
Heng Xia

/s/ Hongdi Brian Gu

   Vice Chairman and President   August 25, 2020
Hongdi Brian Gu

*

   Director and Senior Vice President   August 25, 2020
Tao He

*

   Director   August 25, 2020
Ji-Xun Foo

*

   Director   August 25, 2020
Fei Yang

*

   Director   August 25, 2020
Qin Liu

*

   Director   August 25, 2020
Yongfu Yu

*

  

Vice President of Finance and Accounting

(principal financial and accounting officer)

  August 25, 2020
Hsuehching Lu

 

*By:  

/s/ Xiaopeng He

  Name:     Xiaopeng He
  Attorney-in-fact

 

II-11


SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of XPeng Inc. has signed this registration statement or amendment thereto in New York on August 25, 2020.

 

US Authorized Representative

Cogency Global Inc.

 

By:  

/s/ Colleen A. De Vries

  Name: Colleen A. De Vries
  Title: Senior Vice President

 

II-12