F-1/A 1 d893059df1a.htm AMENDMENT NO. 3 TO FORM F-1 Amendment No. 3 to Form F-1

As filed with the Securities and Exchange Commission on June 15, 2021

Registration No. 333-256615

 

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

AMENDMENT NO. 3 TO

FORM F-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

AiHuiShou International Co. Ltd.

(Exact name of Registrant as specified in its charter)

 

 

Not Applicable

(Translation of Registrant’s name into English)

 

 

 

Cayman Islands   5990   Not Applicable

(State or other jurisdiction of

incorporation or organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification Number)

12th Floor, No. 6 Building, 433 Songhu Road, Shanghai

People’s Republic of China

+86 21 5290-7031

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

 

 

Cogency Global Inc.

122 East 42nd Street, 18th Floor

New York, NY 10168

+1 800-221-0102

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

 

Copies to:

 

Z. Julie Gao, Esq.

Shu Du, Esq.

Skadden, Arps, Slate, Meagher & Flom LLP

c/o 42/F, Edinburgh Tower, The Landmark

15 Queen’s Road Central

Hong Kong

+852 3740-4700

 

Benjamin Su, Esq.

Allen C. Wang, 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

  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$0.001 per share(1)

  12,445,300   US$22.50   US$280,019,250   US$30,550

 

 

(1)

American depositary shares issuable upon deposit of Class A ordinary shares registered hereby will be registered under a separate registration statement on Form F-6 (Registration No. 333-257023). Every three American depositary shares represent two Class A ordinary shares.

(2)

Includes Class A ordinary shares that are issuable upon the exercise of the underwriters’ over-allotment option. Also includes Class A ordinary shares initially offered and sold outside the United States that may be resold from time to time in the United States either as part of their distribution or within 40 days after the later of the effective date of this registration statement and the date the shares are first bona fide offered to the public. These Class A ordinary shares are not being registered for the purpose of sales outside the United States.

(3)

Estimated solely for the purpose of determining the amount of registration fee in accordance with Rule 457(a) under the Securities Act of 1933.

(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 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 


EXPLANATORY NOTE

This Amendment No. 3 is being filed solely for the purpose of filing an exhibit to this registration statement on Form F-1, or the Registration Statement, and to amend and restate the exhibit index set forth in Part II of the Registration Statement. No changes have been made to the Registration Statement other than this explanatory note as well as revised versions of the cover page and exhibit index of the Registration Statement. This Amendment No. 3 does not contain copies of the prospectus included in the Registration Statement, which remains unchanged from Amendment No. 2 to the Registration Statement, filed on June 11, 2021.


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 for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime.

The post-offering memorandum and articles of association that we expect to adopt and to become effective immediately prior to the completion of this offering provide that we shall indemnify our directors and officers (each an indemnified person) against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such indemnified person, other than by reason of such person’s own dishonesty, willful default or fraud, in or about the conduct of our company’s business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including, without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such indemnified person in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.

Pursuant to the indemnification agreements, the form of which is filed as Exhibit 10.2 to this registration statement, we 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 officer.

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

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to 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.

In the past three years, we have issued the following securities (including options to acquire our ordinary shares and restricted share units). We believe that each of the following issuances was exempt from registration under the Securities Act pursuant to Section 4(2) of the Securities Act regarding transactions not involving a public offering or in reliance on Regulation S under the Securities Act regarding sales by an issuer in offshore transactions. No underwriters were involved in these issuances of securities.

 

Securities/Purchaser

  Date of
Issuance
    Number of
Securities
   

Consideration

Series C-3 preferred shares

     

Euro Eco Limited

    June 26, 2018       1,884,512     US$5,000,000

YYT Capital Inc.

    December 7, 2018       563,845     US$ equivalent of RMB10,000,000

Qianhai Ark (Cayman) Investment Co. Limited

 

 

December 7, 2018

 

 

 

1,691,535

 

 

US$ equivalent of RMB30,000,000

 

II-1


Securities/Purchaser

  Date of
Issuance
  Number of
Securities
 

Consideration

JD.com Development Limited

  December 7, 2018   5,564,491   US$ equivalent of RMB98,688,292

Shanghai Chenxi Venture Capital Center (Limited Partnership)

 

February 8, 2021

 

1,884,511

 

US$ equivalent of RMB33,422,500

Shenzhen Tiantu Xingli Investment Enterprise (Limited Partnership)

 

February 8, 2021

 

3,383,070

 

US$ equivalent of RMB60,000,000

Shanghai Jinglin Jinghui Equity Investment Center (Limited Partnership)

 

February 8, 2021

 

563,845

 

US$ equivalent of RMB10,000,000

Qianhai Fund of Fund Equity Investment (Shenzhen) Co., Ltd.

 

February 8, 2021

 

1,262,446

 

US$ equivalent of RMB22,389,948

Design Time Limited

  May 5, 2021   225,538   US$3,506,233

Pluto Connection Limited

  April 28, 2021   563,845   US$8,765,581

YIHENG CAPITAL PARTNERS, L.P.

  April 28, 2021   225,538   US$3,506,233

Tiger Pacific Master Fund LP

  April 28, 2021   225,538   US$3,506,233

Tian Zhan Investment Limited

  May 12, 2021   169,153   US$2,629,674

Being Capital Fund I LP

  April 30, 2021   338,307   US$5,259,349

JD.com Development Limited

  April 30, 2021   225,538   US$3,506,233

INTERNET FUND IV PTE. LTD.

  April 30, 2021   281,923   US$4,382,791

Shou Bainian

  April 28, 2021   2,255,380   US$ equivalent of RMB40,000,000

Shanghai Liange Enterprise Management Partnership (Limited Partnership)

  May 25, 2021   2,819,225   US$ equivalent of RMB50,000,000

Series D-1 preferred shares

     

JD.com Development Limited

  July 5, 2018   2,115,755   US$22,917,594

Series D-2 preferred shares

     

Internet Fund IV Pte. Ltd.

  July 5, 2018   7,952,405   US$101,340,522

Series E preferred shares

     

Generation Mu HK Investment Limited

  June 3, 2019   560,410   US$10,000,000

Internet Fund IV Pte. Ltd.

  June 3, 2019   560,410   US$10,000,000

JD.com Development Limited

  June 3, 2019   27,500,098  

US$20,114,688,
JD Group’s Paipai secondhand business, and certain exclusive traffic resources

Fresh Capital Fund I, L.P.

  August 24, 2019   280,205   US$5,000,000

Tiantu China Consumer Fund II, L.P.

  August 16, 2019   280,205   US$5,000,000

Morningside China TMT Fund II, L.P.

  September 16, 2019   840,614   US$15,000,000

Guotai Junan Finance (Hong Kong) Limited

 

September 9, 2020

 

1,401,024

 

US$25,000,000

JD.com Development Limited

  September 14, 2020   2,802,048   US$50,000,000

Refresher Limited

  February 8, 2021   403,747   US$ equivalent of RMB50,000,000

InnoVen Capital China Pte. Ltd.

  May 12, 2021   56,041   US$1,000,000

 

II-2


Securities/Purchaser

  Date of
Issuance
  Number of
Securities
 

Consideration

Bourgeon Inc

  May 25, 2021   807,494   US$ equivalent of RMB100,000,000

Shanghai Qihuai Enterprises Management Partnership (Limited Partnership)

  May 25, 2021   403,747   US$ equivalent of RMB50,000,000

Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partnership (Limited Partnership)

  May 25, 2021   282,623   US$ equivalent of RMB35,000,000

Series F preferred shares

     

Design Time Limited

  May 5, 2021   720,439   US$14,000,000

Pluto Connection Limited

  April 28, 2021   1,801,097   US$35,000,000

YIHENG CAPITAL PARTNERS, L.P.

  April 28, 2021   720,439   US$14,000,000

Tiger Pacific Master Fund LP

  April 28, 2021   720,439   US$14,000,000

Tian Zhan Investment Limited

  May 12, 2021   540,329   US$10,500,000

Being Capital Fund I LP

  April 30, 2021   1,080,658   US$21,000,000

JD.com Development Limited

  April 30, 2021   720,439   US$14,000,000

INTERNET FUND IV PTE. LTD.

  April 30, 2021   900,548   US$17,500,000

Cosmic Blue Investments Limited

  May 25, 2021   2,572,995   US$50,000,000 in the form of cash and business resources

Series E Convertible Loans

     

Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partnership (Limited Partnership)

 

September 4, 2020

 

Convertible to
282,623 Series E
preferred shares

 

RMB35,000,000

Ningbo Qingyu Investment Management Co., Ltd.

 

September 4, 2020

 

Convertible to
403,747 Series E
preferred shares

 

RMB50,000,000

Zibo Minsheng Ouming Equity Investment Partnership (Limited Partnership)

 

November 19, 2020

 

Convertible to
807,494 Series E
preferred shares

 

RMB100,000,000

Ordinary Shares

     

Shanghai Jinglin Jinghui Equity Investment Center (Limited Partnership)

 

 

February 8, 2021

 

 

992,513

 

 

US$ equivalent of RMB30,000,000

Design Time Limited

  May 5, 2021   160,411   US$2,493,767

Pluto Connection Limited

  April 28, 2021   401,028   US$6,234,419

YIHENG CAPITAL PARTNERS, L.P.

  April 28, 2021   160,411   US$2,493,767

Tiger Pacific Master Fund LP

  April 28, 2021   160,412   US$2,493,767

Tian Zhan Investment Limited

  May 12, 2021   120,309   US$1,870,326

Being Capital Fund I LP

  April 30, 2021   240,617   US$3,740,651

JD.com Development Limited

  April 30, 2021   160,411   US$2,493,767

INTERNET FUND IV PTE. LTD.

  April 30, 2021   200,514   US$3,117,209

 

II-3


Securities/Purchaser

  Date of
Issuance
  Number of
Securities
 

Consideration

Warrant

     

InnoVen Capital China Pte. Ltd.

  December 9, 2020   Certain number
of Series E
preferred shares
depending on the
subscription price
  US$1,000,000

China Equities HK Limited

  May 10, 2021   153,570 ordinary
shares
  US$2.65 per share, subject to certain price adjustments

Options

     

Certain directors, officers and employees

 

May 11, 2010 to
April 13, 2021

 

Options to purchase
19,728,141
ordinary shares
and 2,964,091
restricted share
units

 

Exercise prices ranging from US$0.03 per share to US$2.8 per share

Item 8. Exhibits and Financial Statement Schedules.

(a) Exhibits

See Exhibit Index beginning on page II-5 of this registration statement.

The agreements included as exhibits to this registration statement contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties were made solely for the benefit of the other parties to the applicable agreement and (i) were not intended to be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate; (ii) may have been qualified in such agreement by disclosure that was made to the other party in connection with the negotiation of the applicable agreement; (iii) may apply contract standards of “materiality” that are different from “materiality” under the applicable securities laws; and (iv) were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement.

We acknowledge that, notwithstanding the inclusion of the foregoing cautionary statements, we are responsible for considering whether additional specific disclosure of material information regarding material contractual provisions is required to make the statements in this registration statement not misleading.

(b) Financial Statement Schedules

Schedules have been omitted because the information required to be set forth therein is not applicable or is shown in the Consolidated Financial Statements or the Notes thereto.

Item 9. Undertakings.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to 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,

 

II-4


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 pursuant to 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-5


AIHUISHOU INTERNATIONAL CO. LTD.

Exhibit Index

 

Exhibit
Number

  

Description of Document

  1.1    Form of Underwriting Agreement
  3.1    Amended and Restated Memorandum and Articles of Association of the Registrant, as currently in effect
  3.2    Form of Amended and Restated Memorandum and Articles of Association of the Registrant, effective immediately prior to the closing of this offering
  4.1    Registrant’s Specimen American Depositary Receipt (included in Exhibit 4.3)
  4.2    Registrant’s Specimen Certificate for Class A Ordinary Shares
  4.3    Form of Deposit Agreement, among the Registrant, the depositary and the holders and beneficial owners of American Depositary Shares issued thereunder
  4.4    Eighth Amended and Restated Shareholders Agreement among the Registrant and other parties thereto dated April 16, 2021
  5.1    Opinion of Maples and Calder (Hong Kong) LLP regarding the validity of the ordinary shares being registered and certain Cayman Islands tax matters
  8.1    Opinion of Maples and Calder (Hong Kong) LLP regarding certain Cayman Islands tax matters (included in Exhibit 5.1)
  8.2    Opinion of Han Kun Law Offices regarding certain PRC tax matters (included in Exhibit 99.2)
10.1    Amended and Restated Share Incentive Plan
10.2    2021 Share Incentive Plan
10.3    Form of Indemnification Agreement between the Registrant and its directors and executive officers
10.4    Form of Employment Agreement between the Registrant and its executive officers
10.5    English translation of the Exclusive Technology Consulting and Management Service Agreement dated August  31, 2012 between Shanghai Aihui and Shanghai Wanwuxinsheng
10.6    English translation of the Fifth Supplemental Agreement to the Exclusive Technology Consulting and Management Service Agreement dated March 12, 2021 between Shanghai Aihui and Shanghai Wanwuxinsheng
10.7    English translation of the Business Operation Agreement dated August  31, 2012 among Shanghai Aihui, Shanghai Wanwuxinsheng and the shareholders of Shanghai Wanwuxinsheng
10.8    English translation of the Third Amended and Restated Option Purchase Agreement dated December 7, 2020 among Shanghai Aihui, Shanghai Wanwuxinsheng and Mr. Kerry Xuefeng Chen
10.9    English translation of the Third Amended and Restated Option Purchase Agreement dated December 7, 2020 among Shanghai Aihui, Shanghai Wanwuxinsheng and Mr. Wenjun Sun
10.10    English translation of the Third Amended and Restated Share Pledge Agreement dated December  7, 2020 among Shanghai Aihui and the shareholders of Shanghai Wanwuxinsheng

 

II-6


Exhibit
Number

  

Description of Document

10.11    English translation of the Voting Proxy Agreement dated August  31, 2012 among Shanghai Aihui, Shanghai Wanwuxinsheng and the shareholders of Shanghai Wanwuxinsheng
10.12    English translation of the Amended and Restated Power of Attorney dated March 12, 2021 executed by Mr. Kerry Xuefeng Chen
10.13    English translation of the Amended and Restated Power of Attorney dated March 12, 2021 executed by Mr. Wenjun Sun
10.14    English translation of the Exclusive Business Cooperation Agreement between Shanghai Aihui and Shenzhen Lvchuang dated June 19, 2019
10.15    English translation of the Share Pledge Agreement among Shanghai Aihui, Shenzhen Lvchuang and the shareholder of Shenzhen Lvchuang dated June 19, 2019,
10.16    English translation of the Exclusive Option Purchase Agreement among Shanghai Aihui, Shenzhen Lvchuang and the shareholder of Shenzhen Lvchuang dated June 19, 2019,
10.17    English translation of the Power of Attorney executed by the shareholder of Shenzhen Lvchuang on June 19, 2019
10.18    Amended and Restated Business Cooperation Agreement dated April 20, 2021 between JD.com, Inc. and the Registrant
10.19    Series E Preferred Share Purchase Agreement dated June 3, 2019 among Generation Mu HK Investment Limited, Internet Fund IV Pte. Ltd., Tiantu China Consumer Fund II, L.P., Fresh Capital Fund I, L.P. and Morningside China TMT Fund II, L.P., the Registrant and other parties thereto
10.20    Series E Preferred Share Purchase Agreement dated June 3, 2019 among JD.com, Inc., JD.com Development Limited, the Registrant and other parties thereto
10.21    Follow-on Series E Preferred Share Purchase Agreement dated September 4, 2020 among Guotai Junan Finance (Hong Kong) Limited, JD.com Development Limited, Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partnership (Limited Partnership), Shanghai Zhengmu Investment Center (Limited Partnership) and Ningbo Qingyu Investment Management Co., Ltd., the Registrant and other parties thereto
10.22    Convertible Loan Agreement dated September 4, 2020 among Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partnership (Limited Partnership), Shanghai Wanwuxinsheng and the Registrant
10.23    Convertible Loan Agreement dated September 4, 2020 among Shanghai Zhengmu Investment Center (Limited Partnership) Shanghai Wanwuxinsheng and the Registrant
10.24    Convertible Loan Agreement dated September 4, 2020 among Ningbo Qingyu Investment Management Co., Ltd., Shanghai Wanwuxinsheng and the Registrant
10.25    Amendment to the Follow-On Series E Preferred Share Purchase Agreement dated as of November 19, 2020 among Zibo Minsheng Ouming Equity Investment Partnership (Limited Partnership), Guotai Junan Finance (Hong Kong) Limited, JD.com Development Limited, Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partnership (Limited Partnership), Shanghai Zhengmu Investment Center (Limited Partnership) and Ningbo Qingyu Investment Management Co., Ltd., the Registrant and other parties thereto
10.26    Convertible Loan Agreement dated November 19, 2020 among Zibo Minsheng Ouming Equity Investment Partnership (Limited Partnership), the Registrant and Shanghai Wanwuxinsheng

 

II-7


Exhibit
Number

  

Description of Document

10.27    Warrant Instrument dated November 19, 2020 between InnoVen Capital China Pte. Ltd. and the Registrant
10.28    Share Repurchase Agreement dated February 8, 2021 between C&XF Group Limited and the Registrant
10.29    Share Repurchase Agreement dated February 8, 2021 between Qianhai Ark (Cayman) Investment Co. Limited and the Registrant
10.30    Share Purchase Agreement dated April 16, 2021 between the Registrant and Series F investors
10.31    Warrant dated May 10, 2021 between China Equities HK Limited and the Registrant
10.32    Share Purchase Agreement dated May 25, 2021 between the Registrant and Cosmic Blue Investments Limited
10.33    English translation of Business Cooperation Framework Agreement dated May 25, 2021 between the Registrant and Chengdu Kuaigou Technology Co., Ltd.
21.1    Principal Subsidiaries of the Registrant
23.1    Consent of Deloitte Touche Tohmatsu, an independent registered public accounting firm
23.2    Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)
23.3    Consent of Han Kun Law Offices (included in Exhibit 99.2)
23.4    Consent of Jingbo Wang
23.5    Consent of Guoxing Jiang
24.1    Powers of Attorney (included on signature page)
99.1    Code of Business Conduct and Ethics of the Registrant
99.2    Opinion of Han Kun Law Offices regarding certain PRC law matters
99.3    Consent of China Insights Consultancy

 

Previously filed.

 

II-8


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 Shanghai, China, on June 15, 2021.

 

AiHuiShou International Co. Ltd.
By:   /s/ Kerry Xuefeng Chen
  Name:   Kerry Xuefeng Chen
  Title:   Chairman of the Board of Directors and Chief Executive Officer

 

II-9


POWER OF ATTORNEY

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities indicated on June 15, 2021.

 

Signature

  

Title

/s/ Kerry Xuefeng Chen

   Founder, Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer)
Kerry Xuefeng Chen

*

   Director and President
Yongliang Wang

*

   Director
Lei Xu

*

   Director
Wei Tang

/s/ Chen Chen

   Director and Chief Financial Officer (Principal Financial and Accounting Officer)
Chen Chen

 

*By:

 

/s/ Kerry Xuefeng Chen

 

Name: Kerry Xuefeng Chen

  Attorney-in-fact

 

II-10


SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of AiHuiShou International Co. Ltd., has signed this registration statement or amendment thereto in New York, New York on June 15, 2021.

 

Authorized U.S. Representative

Cogency Global Inc.

By:   /s/ Colleen A. De Vries
  Name:   Colleen A. De Vries
  Title:   Senior President on behalf of Cogency Global Inc.

 

II-11