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Key Specifications and Features of Li L9
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| |||
|
Form Factors
|
| | 5,218 mm (L) × 1,998 mm (W) × 1,800 mm (H) | |
|
Wheelbase
|
| | 3,105 mm | |
|
Range
|
| |
Composite: 1,315 km (CLTC) / 1,100 km (WLTC)
EV Mode: 215 km (CLTC) / 180 km (WLTC) |
|
|
Range Extension System
|
| |
1.5-L four-cylinder turbo-charged engine
•
40.5% maximum thermal efficiency
•
5.9 L/100 km fuel consumption under the CLTC standard operating conditions
Capable of external supply of electricity at up to 3.5 kW
|
|
|
Electric Motors
|
| |
Dual-motor all-wheel drive:
•
Maximum power: 330 kW
•
Maximum torque: 620 Nm
|
|
|
Battery Pack
|
| |
Capacity: 44.5 kWh
New-generation NCM lithium battery |
|
|
Acceleration (0-100 km/h)
|
| | 5.3 s | |
|
Suspension
|
| |
Double-wishbone (front) and five-link (rear)
Smart air spring Continuous damping control (CDC) system |
|
|
Autonomous Driving System
|
| |
Li AD Max: full-stack self-developed
Perception hardware:
•
Forward 128-line LiDAR (×1)
•
8-megapixel cameras (×6)
•
2-megapixel cameras (×5)
•
Forward millimeter wave radar (×1)
•
Ultrasonic sensors (×12)
Computing and data processing capabilities:
•
Qualcomm Snapdragon automotive-grade 8155 chips (×2)
•
Dual 5G operator switching
|
|
|
Intelligent and Comfortable Cabin
|
| |
3D in-car interactions:
•
6 microphones
•
3D ToF transmitters
•
Deep learning-based multimodal 3D interactive technology
Multimedia:
•
Super-sized head-up display (HUD)
•
Interactive safe driving screen on the steering wheel
•
15.7-inch automotive-grade 3K OLED screens (× 3)
Premium passenger comfort:
•
Automatic seat adjustment and heating (all three rows)
•
Seat ventilation and spa-level massage across ten acupressure points (first and second rows)
|
|
| | |
For the Year Ended December 31,
|
| |
For the Three Months Ended March 31,
|
| |||||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| | |||||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| | |||||||||||||||||||||||
| | |
(in thousands, except for share and per share data)
|
| | |||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | | | | | |||||
Summary Consolidated
Statements of Comprehensive Loss Data: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
–Vehicle sales
|
| | | | 280,967 | | | | | | 9,282,703 | | | | | | 26,128,469 | | | | | | 4,100,127 | | | | | | 3,463,673 | | | | | | 9,308,609 | | | | | | 1,468,397 | | | | ||
–Other sales and services
|
| | | | 3,400 | | | | | | 173,906 | | | | | | 881,310 | | | | | | 138,297 | | | | | | 111,528 | | | | | | 253,427 | | | | | | 39,977 | | | | ||
Total revenues
|
| | | | 284,367 | | | | | | 9,456,609 | | | | | | 27,009,779 | | | | | | 4,238,424 | | | | | | 3,575,201 | | | | | | 9,562,036 | | | | | | 1,508,374 | | | | ||
Cost of sales(1): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
–Vehicle sales
|
| | | | (279,555) | | | | | | (7,763,628) | | | | | | (20,755,578) | | | | | | (3,257,003) | | | | | | (2,878,994) | | | | | | (7,219,912) | | | | | | (1,138,913) | | | | ||
–Other sales and services
|
| | | | (4,907) | | | | | | (143,642) | | | | | | (492,747) | | | | | | (77,323) | | | | | | (79,474) | | | | | | (178,269) | | | | | | (28,121) | | | | ||
Total cost of sales
|
| | | | (284,462) | | | | | | (7,907,270) | | | | | | (21,248,325) | | | | | | (3,334,326) | | | | | | (2,958,468) | | | | | | (7,398,181) | | | | | | (1,167,034) | | | | ||
Gross (loss)/profit
|
| | | | (95) | | | | | | 1,549,339 | | | | | | 5,761,454 | | | | | | 904,098 | | | | | | 616,733 | | | | | | 2,163,855 | | | | | | 341,340 | | | | ||
Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
–Research and development(1)
|
| | | | (1,169,140) | | | | | | (1,099,857) | | | | | | (3,286,389) | | | | | | (515,706) | | | | | | (514,500) | | | | | | (1,373,962) | | | | | | (216,737) | | | | ||
–Selling, general and administrative(1)
|
| | | | (689,379) | | | | | | (1,118,819) | | | | | | (3,492,385) | | | | | | (548,031) | | | | | | (509,924) | | | | | | (1,202,967) | | | | | | (189,763) | | | | ||
Total operating expenses
|
| | | | (1,858,519) | | | | | | (2,218,676) | | | | | | (6,778,774) | | | | | | (1,063,737) | | | | | | (1,024,424) | | | | | | (2,576,929) | | | | | | (406,500) | | | | ||
Loss from operations
|
| | | | (1,858,614) | | | | | | (669,337) | | | | | | (1,017,320) | | | | | | (159,639) | | | | | | (407,691) | | | | | | (413,074) | | | | | | (65,160) | | | | ||
Other (expense)/income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Interest expense
|
| | | | (83,667) | | | | | | (66,916) | | | | | | (63,244) | | | | | | (9,924) | | | | | | (14,582) | | | | | | (10,138) | | | | | | (1,599) | | | | ||
Interest income and investment income, net
|
| | | | 79,631 | | | | | | 254,916 | | | | | | 740,432 | | | | | | 116,190 | | | | | | 178,472 | | | | | | 162,874 | | | | | | 25,693 | | | | ||
Changes in fair value of warrants and derivative liabilities
|
| | | | (426,425) | | | | | | 272,327 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Others, net
|
| | | | (128,799) | | | | | | 20,133 | | | | | | 187,320 | | | | | | 29,395 | | | | | | (90,211) | | | | | | 279,703 | | | | | | 44,122 | | | | ||
(Loss)/Income before income tax expense
|
| | | | (2,417,874) | | | | | | (188,877) | | | | | | (152,812) | | | | | | (23,978) | | | | | | (334,012) | | | | | | 19,365 | | | | | | 3,056 | | | | ||
Net loss
|
| | | | (2,438,536) | | | | | | (151,657) | | | | | | (321,455) | | | | | | (50,442) | | | | | | (359,967) | | | | | | (10,866) | | | | | | (1,713) | | | | ||
Net loss attributable to ordinary shareholders of Li Auto Inc.
|
| | | | (3,281,607) | | | | | | (791,985) | | | | | | (321,455) | | | | | | (50,442) | | | | | | (359,967) | | | | | | (10,866) | | | | | | (1,713) | | | | ||
Weighted average number of ordinary shares used in computing net loss per share
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Basic and diluted
|
| | | | 255,000,000 | | | | | | 870,003,278 | | | | | | 1,853,320,448 | | | | | | 1,853,320,448 | | | | | | 1,809,393,256 | | | | | | 1,929,740,892 | | | | | | 1,929,740,892 | | | | ||
Net loss per share attributable to
ordinary shareholders |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Basic and diluted
|
| | | | (12.87) | | | | | | (0.91) | | | | | | (0.17) | | | | | | (0.03) | | | | | | (0.20) | | | | | | (0.01) | | | | | | (0.00) | | | | ||
Net loss
|
| | | | (2,438,536) | | | | | | (151,657) | | | | | | (321,455) | | | | | | (50,442) | | | | | | (359,967) | | | | | | (10,866) | | | | | | (1,713) | | | | ||
Total other comprehensive income/(loss), net of tax
|
| | | | 2,851 | | | | | | (1,020,728) | | | | | | (516,687) | | | | | | (81,079) | | | | | | 107,644 | | | | | | (85,116) | | | | | | (13,427) | | | | ||
Total comprehensive loss, net of tax
|
| | | | (2,435,685) | | | | | | (1,172,385) | | | | | | (838,142) | | | | | | (131,521) | | | | | | (252,323) | | | | | | (95,982) | | | | | | (15,140) | | | | ||
Comprehensive loss attributable
to ordinary shareholders of Li Auto Inc. |
| | | | (3,278,756) | | | | | | (1,812,713) | | | | | | (838,142) | | | | | | (131,521) | | | | | | (252,323) | | | | | | (95,982) | | | | | | (15,140) | | | | ||
Non-GAAP Financial Measure:(2)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Adjusted net (loss)/income
|
| | | | (2,012,111) | | | | | | (281,189) | | | | | | 779,901 | | | | | | 122,385 | | | | | | (177,039) | | | | | | 477,085 | | | | | | 75,259 | | | |
| | |
For the Year Ended December 31,
|
| |
For the Three Months Ended March 31,
|
| ||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | | | | |||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cost of sales
|
| | | | — | | | | | | 1,515 | | | | | | 26,713 | | | | | | 4,192 | | | | | | 6,209 | | | | | | 10,665 | | | | | | 1,682 | | |
Research and development expenses
|
| | | | — | | | | | | 60,789 | | | | | | 741,793 | | | | | | 116,404 | | | | | | 116,609 | | | | | | 324,532 | | | | | | 51,194 | | |
Selling, general and administrative
expenses |
| | | | — | | | | | | 80,491 | | | | | | 332,850 | | | | | | 52,231 | | | | | | 60,110 | | | | | | 152,754 | | | | | | 24,096 | | |
Total | | | | | — | | | | | | 142,795 | | | | | | 1,101,356 | | | | | | 172,827 | | | | | | 182,928 | | | | | | 487,951 | | | | | | 76,972 | | |
| | |
As of December 31,
|
| |
As of March 31,
|
| ||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2022
|
| ||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| ||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| |||||||||
Summary Consolidated Balance Sheets Data:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | | 1,296,215 | | | | | | 8,938,341 | | | | | | 27,854,224 | | | | | | 4,370,936 | | | | | | 32,055,546 | | | | | | 5,056,638 | | |
Restricted cash
|
| | | | 140,027 | | | | | | 1,234,178 | | | | | | 2,638,840 | | | | | | 414,092 | | | | | | 2,661,026 | | | | | | 419,767 | | |
Time deposits and short-term investments
|
| | | | 2,272,653 | | | | | | 19,701,382 | | | | | | 19,668,239 | | | | | | 3,086,376 | | | | | | 16,471,460 | | | | | | 2,598,309 | | |
Total assets
|
| | | | 9,513,422 | | | | | | 36,373,276 | | | | | | 61,848,913 | | | | | | 9,705,443 | | | | | | 65,794,345 | | | | | | 10,378,800 | | |
Total liabilities
|
| | | | 4,932,291 | | | | | | 6,569,679 | | | | | | 20,784,611 | | | | | | 3,261,558 | | | | | | 24,337,583 | | | | | | 3,839,157 | | |
Total mezzanine equity
|
| | | | 10,255,662 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total shareholders’ (deficit)/equity
|
| | | | (5,674,531) | | | | | | 29,803,597 | | | | | | 41,064,302 | | | | | | 6,443,885 | | | | | | 41,456,762 | | | | | | 6,539,643 | | |
Total liabilities, mezzanine equity and
shareholders’ (deficit)/equity |
| | | | 9,513,422 | | | | | | 36,373,276 | | | | | | 61,848,913 | | | | | | 9,705,443 | | | | | | 65,794,345 | | | | | | 10,378,800 | | |
| | |
For the Year Ended December 31,
|
| |
For the Three Months Ended March 31,
|
| ||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| | | | | | | |||
Summary Consolidated Cash Flow Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net cash (used in)/provided by operating activities
|
| | | | (1,793,710) | | | | | | 3,139,804 | | | | | | 8,340,385 | | | | | | 1,308,788 | | | | | | 926,343 | | | | | | 1,833,769 | | | | | | 289,270 | | |
Net cash (used in)/provided by investing activities
|
| | | | (2,574,836) | | | | | | (18,737,725) | | | | | | (4,257,244) | | | | | | (668,054) | | | | | | (2,892,396) | | | | | | 1,564,251 | | | | | | 246,755 | | |
Net cash provided by financing activities
|
| | | | 5,655,690 | | | | | | 24,710,697 | | | | | | 16,709,533 | | | | | | 2,622,090 | | | | | | — | | | | | | 902,991 | | | | | | 142,443 | | |
Effects of exchange rate changes on cash and
cash equivalents and restricted cash |
| | | | 53,722 | | | | | | (376,646) | | | | | | (472,129) | | | | | | (74,086) | | | | | | (24,104) | | | | | | (77,503) | | | | | | (12,226) | | |
Net increase/(decrease) in cash, cash equivalents and restricted cash
|
| | | | 1,340,866 | | | | | | 8,736,130 | | | | | | 20,320,545 | | | | | | 3,188,738 | | | | | | (1,990,157) | | | | | | 4,223,508 | | | | | | 666,242 | | |
Cash, cash equivalents and restricted cash at
the beginning of the year/period |
| | | | 95,523 | | | | | | 1,436,389 | | | | | | 10,172,519 | | | | | | 1,596,290 | | | | | | 10,172,519 | | | | | | 30,493,064 | | | | | | 4,810,163 | | |
Cash, cash equivalents and restricted cash at
the end of the year/period |
| | | | 1,436,389 | | | | | | 10,172,519 | | | | | | 30,493,064 | | | | | | 4,785,028 | | | | | | 8,182,362 | | | | | | 34,716,572 | | | | | | 5,476,405 | | |
| | |
For the Three Months Ended March 31,
|
| |||||||||||||||
| | |
2021
|
| |
2022
|
| ||||||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||
| | |
(in thousands, unaudited)
|
| |||||||||||||||
Selected Consolidated Cash Flow Data: | | | | | | | | | | | | | | | | | | | |
Net cash (used in)/provided by operating activities
|
| | | | 926,343 | | | | | | 1,833,769 | | | | | | 289,270 | | |
Net cash used in investing activities
|
| | | | (2,892,396) | | | | | | 1,564,251 | | | | | | 246,755 | | |
Net cash provided by financing activities
|
| | | | — | | | | | | 902,991 | | | | | | 142,443 | | |
Effects of exchange rate changes on cash and cash equivalents and restricted cash
|
| | | | (24,104) | | | | | | (77,503) | | | | | | (12,226) | | |
Net (decrease)/increase in cash, cash equivalents and restricted
cash |
| | | | (1,990,157) | | | | | | 4,223,508 | | | | | | 666,242 | | |
Cash, cash equivalents and restricted cash at the beginning of the year/period
|
| | | | 10,172,519 | | | | | | 30,493,064 | | | | | | 4,810,163 | | |
Cash, cash equivalents and restricted cash at the end of the year/period
|
| | | | 8,182,362 | | | | | | 34,716,572 | | | | | | 5,476,405 | | |
| | |
For the Three Months Ended
|
| |||||||||||||||
| | |
March 31,
2021 |
| |
March 31,
2022 |
| |
March 31,
2022 |
| |||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||
| | |
(in thousands, unaudited)
|
| |||||||||||||||
Net loss
|
| | | | (359,967) | | | | | | (10,866) | | | | | | (1,713) | | |
Shared-based compensation expenses
|
| | | | 182,928 | | | | | | 487,951 | | | | | | 76,972 | | |
Adjusted net (loss)/income
|
| | | | (177,039) | | | | | | 477,085 | | | | | | 75,259 | | |
| | |
As of March 31, 2022
|
| |||||||||||||||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||||||||||||||
| | |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| ||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||
Shareholders’ Equity: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class A Ordinary Shares (US$0.0001 par value;
4,500,000,000 shares authorized, 1,709,903,330 shares issued and 1,574,524,378 outstanding on an actual basis; and 1,817,574,930 shares issued and 1,682,195,978 outstanding on an as-adjusted basis) |
| | | | 1,176 | | | | | | 186 | | | | | | 1,244 | | | | | | 196 | | |
Class B Ordinary Shares (US$0.0001 par value; 500,000,000 shares authorized, 355,812,080 shares issued and outstanding on an actual basis; and 355,812,080 issued and outstanding on an as-adjusted basis)
|
| | | | 235 | | | | | | 37 | | | | | | 235 | | | | | | 37 | | |
Treasury shares
|
| | | | (88) | | | | | | (14) | | | | | | (88) | | | | | | (14) | | |
Additional paid-in capital
|
| | | | 49,878,927 | | | | | | 7,868,207 | | | | | | 62,383,543 | | | | | | 9,840,762 | | |
Accumulated other comprehensive income
|
| | | | (1,606,987) | | | | | | (253,496) | | | | | | (1,606,987) | | | | | | (253,496) | | |
Accumulated deficit
|
| | | | (6,816,501) | | | | | | (1,075,277) | | | | | | (6,816,501) | | | | | | (1,075,277) | | |
Total shareholders’ equity
|
| | |
|
41,456,762
|
| | | |
|
6,539,643
|
| | | |
|
53,961,446
|
| | | |
|
8,512,208
|
| |
| | |
Per
Ordinary Share |
| |
Per ADS
|
|
Assumed offering price
|
| |
US$18.58
|
| |
US$37.15
|
|
Net tangible book value as of March 31, 2022
|
| |
US$3.33
|
| |
US$6.66
|
|
Increase in net tangible book value attributable to this offering
|
| |
US$0.79
|
| |
US$1.58
|
|
As-adjusted net tangible book value after this offering
|
| |
US$4.12
|
| |
US$8.24
|
|
Net dilution to new investors
|
| |
US$14.46
|
| |
US$28.91
|
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|
Service
|
| |
Fees
|
|
|
•
To any person to which ADSs are issued or to any person to which a distribution is made in respect of ADS distributions pursuant to stock dividends or other free distributions of stock, bonus distributions, stock splits or other distributions (except where converted to cash)
|
| | Up to US$0.05 per ADS issued | |
|
•
Cancellation of ADSs, including the case of termination of the deposit agreement
|
| | Up to US$0.05 per ADS cancelled | |
|
•
Distribution of cash dividends
|
| | Up to US$0.05 per ADS held | |
|
•
Distribution of cash entitlements (other than cash dividends) and/or cash proceeds from the sale of rights, securities and other entitlements
|
| | Up to US$0.05 per ADS held | |
|
•
Distribution of ADSs pursuant to exercise of rights.
|
| | Up to US$0.05 per ADS held | |
|
•
Distribution of securities other than ADSs or rights to purchase additional ADSs
|
| | Up to US$0.05 per ADS held | |
|
•
Depositary services
|
| | Up to US$0.05 per ADS held on the applicable record date(s) established by the depositary bank | |
|
If we:
|
| |
Then:
|
|
| Change the nominal or par value of our ordinary shares | | | The cash, shares or other securities received by the depositary will become deposited securities. | |
| Reclassify, split up or consolidate any of the deposited securities | | | Each ADS will automatically represent its equal share of the new deposited securities. | |
| Distribute securities on the ordinary shares that are not distributed to you, or Recapitalize, reorganize, merge, liquidate, sell all or substantially all of our assets, or take any similar action | | | The depositary may distribute some or all of the cash, shares or other securities it received. It may also deliver new ADSs or ask you to surrender your outstanding ADRs in exchange for new ADRs identifying the new deposited securities. | |
Exhibit 107.1
Calculation of Filing Fee Table
424B5
(Form Type)
Li Auto Inc.
(Exact Name of Registrant as Specified in Its Charter)
Newly Registered and Carry Forward Securities
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount
of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial Effective Date | Filing
Fee Previously Paid In Connection with Unsold Securities to Be Carried Forward | ||||||||||||||||||||||||||||
Newly Registered Securities | |||||||||||||||||||||||||||||||||||||||
Fees to Be Paid | Equity | Class A ordinary shares, par value US$0.0001 per share(1) | Rule 456(b) and Rule 457(r) | — | — | US$ | 2,000,000,000 | US$ | 0.0000927 | US$ | 185,400 | ||||||||||||||||||||||||||||
Fees Previously Paid | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Carry Forward Securities | |||||||||||||||||||||||||||||||||||||||
Carry Forward Securities | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total Offering Amounts | US$ | 2,000,000,000 | US$ | 185,400 | |||||||||||||||||||||||||||||||||||
Total Fees Previously Paid | — | ||||||||||||||||||||||||||||||||||||||
Total Fee Offsets | — | ||||||||||||||||||||||||||||||||||||||
Net Fee Due | US$ | 185,400 |
(1) American depositary shares issuable upon deposit of Class A ordinary shares registered hereby have been registered under a separate registration statement on Form F-6 (Registration No. 333-240079). Each American depositary share represents two Class A ordinary shares.