SHANGHAI, China, November 01, 2022 (GLOBE NEWSWIRE) — Baozun Inc. BZUN (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands implement their e-commerce strategies in China, announced the voluntary conversion of the Company’s status from its secondary listing status into a primary listing status on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) effective today. Baozun is now a dual primary listed company on both the Hong Kong Stock Exchange and the Nasdaq Global Select Market (“Nasdaq”).
Mr. Vincent Qiu, Chairman and Chief Executive Officer of Baozun, commented, “Today marks a significant milestone in our capital markets journey. With an initial listing on the Hong Kong Stock Exchange, we expect to further expand our investor base and provide more liquidity to our securities, offering greater convenience and flexibility to our investors and stakeholders.”
The Company’s Nasdaq-listed American Depositary Shares (“ADS(s)”) and Hong Kong Stock Exchange-listed Class A common shares (the “Class A Common Shares”) are negotiable and investors may continue to do so elect to hold their shares in the form of ADSs traded on the Nasdaq or in Class A common shares traded on the Hong Kong Stock Exchange. ADSs and Class A Common Stock are convertible in either direction, subject to certain restrictions. Conversions between ADSs and Class A Ordinary Shares in either direction will generally be completed electronically within two business days in Hong Kong, USA under normal circumstances. If you are an investor, please contact your broker for more information on the process and costs of switching between ADSs and Class A Common Stock. If you are a broker, please contact JPMorgan Chase Bank, NA, acting as US Custodian, or its Hong Kong custodian to exchange between ADSs and Class A Common Stock. All costs attributable to a withdrawal…
