BEIJING, March 24, 2022 (GLOBE NEWSWIRE) — JD.com, Inc. (“JD.com”) (Nasdaq: JD; HKEx: 9618), a number one provide chain-based expertise and repair supplier, as we speak introduced that JD Logistics, Inc. (“JD Logistics”) (HKEx: 2618), a consolidated subsidiary of JD.com, has entered right into a putting settlement, pursuant to which JD Logistics has agreed to situation 150,500,000 of its atypical shares to a gaggle of third-party traders for a complete buy value of roughly US$398 million in a placement (the “JDL Placement”). Concurrently, JD.com, by its wholly-owned subsidiary (the “JD Entity”), has entered right into a subscription settlement with JD Logistics, pursuant to which the JD Entity has agreed to subscribe for, and JD Logistics has agreed to situation, 261,400,000 atypical shares of JD Logistics, on the similar per share value for the JDL Placement, for a complete buy value of roughly US$692 million in money (the “JD Subscription”).
The JDL Placement and JD Subscription should not inter-conditional, and each topic to sure customary closing circumstances, together with the approval of the Inventory Alternate of Hong Kong Inventory Restricted (the “Hong Kong Inventory Alternate”) for the itemizing of the newly issued shares, and the closing circumstances for the JD Subscription additionally embody the approval of JD Logistics’ impartial shareholders.
There might be no assurance that any of the proposed transactions might be accomplished. See “Protected Harbor Assertion” under for the dangers and uncertainties for the proposed transactions, together with dangers and uncertainties on the timing of the consummation of the transactions and the danger that sure closing circumstances of the transactions will not be glad on a well timed foundation, or in any respect.
Upon completion of the JDL Placement and the JD Subscription, JD.com, by the JD Entity, will preserve its shareholding in JD Logistics at roughly 63.5%, and proceed to consolidate JD Logistics’ monetary outcomes into its monetary statements.
About JD.com
JD.com is a number one provide chain-based expertise and repair supplier. JD.com’s cutting-edge retail infrastructure seeks to allow customers to purchase no matter they need, every time and wherever they need it. JD.com has opened its expertise and infrastructure to companions, manufacturers and different sectors, as a part of its Retail as a Service providing to assist drive productiveness and innovation throughout a variety of industries.
Protected Harbor Assertion
This announcement incorporates forward-looking statements. These statements are made underneath the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and comparable statements. JD.com can also make written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Alternate Fee (the “SEC”), in bulletins made on the web site of the Hong Kong Inventory Alternate, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic info, together with statements about JD.com’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A lot of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the danger and uncertainties as to the timing of the consummation of the transactions; the danger that sure closing circumstances of the transactions will not be glad on a well timed foundation, or in any respect; potential hostile reactions or modifications to enterprise relationships ensuing from the announcement or completion of the transactions; hostile modifications usually financial or market circumstances; actions by third events, together with authorities businesses, that will adversely have an effect on the proposed transactions; JD.com’s development methods; its future enterprise growth, outcomes of operations and monetary situation; its capacity to draw and retain new prospects and to extend revenues generated from repeat prospects; its expectations relating to demand for and market acceptance of its services and products; developments and competitors in China’s e-commerce market; modifications in its revenues and sure value or expense gadgets; the anticipated development of the Chinese language e-commerce market; legal guidelines, rules and governmental insurance policies regarding the industries by which JD.com or its enterprise companions function; potential modifications in legal guidelines, rules and governmental insurance policies or modifications within the interpretation and implementation of legal guidelines, rules and governmental insurance policies that might adversely have an effect on the industries by which JD.com or its enterprise companions function, together with, amongst others, initiatives to boost supervision of corporations listed on an abroad change and tighten scrutiny over information privateness and information safety; dangers related to JD.com’s acquisitions, investments and alliances, together with fluctuation available in the market worth of JD.com’s funding portfolio; influence of the COVID-19 pandemic; pure disasters and geopolitical occasions; change in tax charges and monetary dangers; depth of competitors; and basic market and financial circumstances in China and globally. Additional info relating to these and different dangers is included in JD.com’s filings with the SEC and the bulletins on the web site of the Hong Kong Inventory Alternate. All info offered herein is as of the date of this announcement, and JD.com undertakes no obligation to replace any forward-looking assertion, besides as required underneath relevant legislation.
For investor and media inquiries, please contact:
JD.com
Investor Relations
Ms. Ruiyu Li
+86 (10) 8912-6805
E-mail: IR@JD.com
