BEIJING, March 24, 2022 (Globe NEWSWIRE) — JD.com, Inc. (“JD.com”) (Nasdaq: JD HKEx: 9618), a foremost supply chain-dependent engineering and support service provider, nowadays introduced that JD Logistics, Inc. (“JD Logistics”) (HKEx: 2618), a consolidated subsidiary of JD.com, proposes to carry out a inserting of new standard shares for an aggregate amount of money of up to around US$400 million (the “JDL Placement”). In addition, JD.com intends to enter into a membership agreement with JD Logistics concurrently to subscribe for new everyday shares to be issued by JD Logistics, at the same for every share cost for the JDL Placement, for a overall buy selling price of up to approximately US$700 million in hard cash (the “JD Subscription”). The JDL Placement and JD Membership are both equally subject to industry situations, and are not inter-conditional.
The proposed JDL Placement and JD Subscription will be matter to the execution of definitive transaction paperwork, which includes putting arrangement and membership arrangement, respectively. Additional, the completion of JDL Placement and JD Subscription will be topic to specified closing situations, including the approval of the Stock Trade of Hong Kong Inventory Confined (the “Hong Kong Stock Trade”) for the listing of the newly issued shares, and the closing situations for the JD Membership will also incorporate the acceptance of JD Logistics’ unbiased shareholders.
There can be no assurance that the definitive agreements for any of the proposed transactions will be executed, or any of the proposed transactions will be finished. See “Safe Harbor Statement” beneath for the risks and uncertainties for the proposed transactions, together with pitfalls and uncertainties on the timing of the execution of the transaction documents or consummation of the transactions and the risk that certain closing situations of the transactions may well not be contented on a timely basis, or at all.
This press launch shall not represent an give to offer or a solicitation of an offer to invest in any securities, nor shall there be a sale of the securities in any point out or jurisdiction in which these an give, solicitation or sale would be illegal.
JD.com is a major supply chain-based mostly technology and services service provider. JD.com’s slicing-edge retail infrastructure seeks to allow buyers to obtain whatever they want, each time and anywhere they want it. JD.com has opened its technologies and infrastructure to associates, models and other sectors, as portion of its Retail as a Company featuring to help push productiveness and innovation across a assortment of industries.
Secure Harbor Statement
This announcement is made up of forward-searching statements. These statements are built beneath the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These ahead-seeking statements can be discovered by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and identical statements. JD.com could also make penned or oral forward-hunting statements in its periodic reports to the U.S. Securities and Exchange Fee (the “SEC”), in announcements made on the website of the Hong Kong Inventory Trade, in its annual report to shareholders, in press releases and other penned products and in oral statements made by its officers, administrators or staff to third events. Statements that are not historical information, together with statements about JD.com’s beliefs and expectations, are ahead-looking statements. Ahead-looking statements include inherent hazards and uncertainties. A amount of variables could trigger actual results to vary materially from individuals contained in any forward-looking assertion, together with but not restricted to the pursuing: the possibility and uncertainties as to the timing of the execution of the transaction documents and the consummation of the transactions the threat that specific closing situations of the transactions may well not be content on a timely basis, or at all possible adverse reactions or variations to organization relationships resulting from the announcement or completion of the transactions adverse alterations in standard economic or marketplace ailments actions by third events, which includes govt businesses, that may adversely have an effect on the proposed transactions JD.com’s development methods its potential organization enhancement, benefits of functions and monetary condition its skill to catch the attention of and retain new customers and to raise revenues produced from repeat customers its anticipations relating to demand for and market acceptance of its products and providers tendencies and competitors in China’s e-commerce sector improvements in its revenues and specified price or cost items the predicted progress of the Chinese e-commerce current market guidelines, restrictions and governmental policies relating to the industries in which JD.com or its organization associates run probable adjustments in rules, rules and governmental procedures or changes in the interpretation and implementation of rules, laws and governmental insurance policies that could adversely affect the industries in which JD.com or its business enterprise partners run, such as, between other people, initiatives to enrich supervision of providers detailed on an overseas exchange and tighten scrutiny around info privateness and facts safety threats associated with JD.com’s acquisitions, investments and alliances, such as fluctuation in the market place value of JD.com’s investment decision portfolio influence of the COVID-19 pandemic organic disasters and geopolitical gatherings adjust in tax prices and financial pitfalls intensity of competitors and standard current market and economic conditions in China and globally. Even further facts regarding these and other pitfalls is bundled in JD.com’s filings with the SEC and the bulletins on the web page of the Hong Kong Inventory Trade. All data supplied herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-wanting assertion, besides as required below applicable law.
For investor and media inquiries, please make contact with:
Ms. Ruiyu Li
+86 (10) 8912-6805
E-mail: [email protected]