F-6 POS 1 e663737_f6pos-fgl.htm

As filed with the Securities and Exchange Commission on June 24, 2024

Registration No. 333 - 234548

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________

POST-EFFECTIVE AMENDMENT NO. 2 TO FORM F-6

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933 FOR AMERICAN DEPOSITARY SHARES EVIDENCED BY

AMERICAN DEPOSITARY RECEIPTS

________________

FRESH2 GROUP LIMITED

(Exact name of issuer of deposited securities as specified in its charter)

________________

N/A

(Translation of issuer’s name into English)

________________

British Virgin Islands

(Jurisdiction of incorporation or organization of issuer)

_____________________________________

CITIBANK, N.A.

(Exact name of depositary as specified in its charter)

________________

388 Greenwich Street

New York, New York 10013

(877) 248 - 4237

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

________________

Fresh2 Group Limited

880 3RD AVE FL 7

New York, NY 10022

United States

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

_____________________________________

Copies to:

Carter Ledyard & Milburn LLP

28 Liberty Street, 41st Floor,

New York, NY 10005

(212) 238 8844

Herman H. Raspé, Esq.

Patterson Belknap Webb & Tyler LLP

1133 Avenue of the Americas

New York, New York 10036

(212) 336-2301

_____________________________________

	It is proposed that this filing become effective under Rule 466:	☐ immediately upon filing.
		☐ on (Date) at (Time).

If a separate registration statement has been filed to register the deposited shares, check the following box: ☐

The Registrant hereby amends this Post-Effective Amendment No. 2 to 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 Post-Effective Amendment No. 2 to Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, or until this Post-Effective Amendment No. 2 to Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

This Post-Effective Amendment No. 2 to Registration Statement on Form F-6 may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument.

PART I

INFORMATION REQUIRED IN PROSPECTUS

Cross Reference Sheet

Item 1.

DESCRIPTION OF SECURITIES TO BE REGISTERED

Item Number and Caption			Location in Form of American Depositary Receipt (“Receipt”) Filed Herewith as Prospectus

1.	Name of Depositary and address of its principal executive office		Face of Receipt - Introductory Article.

2.	Title of Receipts and identity of deposited securities		Face of Receipt - Top Center.

Terms of Deposit:
	(i)	The amount of deposited securities represented by one American Depositary Share (“ADSs”)	Face of Receipt - Upper right corner.

	(ii)	The procedure for voting, if any, the deposited securities	Reverse of Receipt - Paragraphs (17) and (18).

	(iii)	The collection and distribution of dividends	Reverse of Receipt - Paragraph (15).

	(iv)	The transmission of notices, reports and proxy soliciting material	Face of Receipt - Paragraph (14); Reverse of Receipt - Paragraph (17) and (18).

	(v)	The sale or exercise of rights	Reverse of Receipt – Paragraphs (15) and (17).

	(vi)	The deposit or sale of securities resulting from dividends, splits or plans of reorganization	Face of Receipt - Paragraphs (6); Reverse of Receipt - Paragraphs (15), (17) and (19).

	(vii)	Amendment, extension or termination of the deposit agreement	Reverse of Receipt - Paragraphs (23) and (24) (no provision for extensions).

	(viii)	Rights of holders of Receipts to inspect the transfer books of the Depositary and the list of holders of ADSs	Face of Receipt - Paragraph (14).

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Item Number and Caption

Location in Form of American

Depositary Receipt (“Receipt”)

Filed Herewith as Prospectus

	(ix)	Restrictions upon the right to deposit or withdraw the underlying securities	Face of Receipt – Paragraphs (2), (4), (6), (7), (9), and (10).

	(x)	Limitation upon the liability of the Depositary	Face of Receipt - Paragraph (8); Reverse of Receipt - Paragraphs (20) and (21).

	(xi)	Fees and charges which may be imposed directly or indirectly on holders of ADSs	Face of Receipt - Paragraph (11).

Item 2.		AVAILABLE INFORMATION	Face of Receipt - Paragraph (14).

Fresh2 Group Limited (the “Company”) is subject to the periodic reporting requirements of the United States Securities Exchange Act of 1934, as amended, and, accordingly, is required to file or submit certain reports with, and submits certain reports to, the United States Securities and Exchange Commission (the “Commission”). These reports can be retrieved from the Commission’s internet website (www.sec.gov), and can be inspected and copied at the public reference facilities maintained by the Commission at 100 F Street, N.E., Washington D.C. 20549.

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PROSPECTUS

The Prospectus consists of the proposed form of American Depositary Receipt included as Exhibit A to the Form of Amendment No. 2 to Deposit Agreement filed as Exhibit (a)(i) to this Post-Effective Amendment No. 2 to Registration Statement on Form F-6 and is incorporated herein by reference.

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PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 3.

EXHIBITS

(a)(i) Form of Amendment No. 2 to the Deposit Agreement, by and among the Fresh2 Group Limited (the “Company”), Citibank, N.A., as depositary (the “Depositary”), and all Holders and Beneficial Owners of American Depositary Shares issued thereunder. ^___ Filed herewith as Exhibit (a)(i).

(a)(ii) Amendment No. 1 to the Deposit Agreement, dated as of November 4, 2022, by and among the Company, the Depositary, and all Holders and Beneficial Owners of American Depositary Shares issued thereunder (“Deposit Agreement”).^___ Filed herewith as Exhibit (a)(ii).

(a)(iii) Deposit Agreement, dated as of February 3, 2020, by and among the Company, the Depositary, and all Holders and Beneficial Owners of American Depositary Shares issued thereunder (“Deposit Agreement”).^___ Previously filed as Exhibit (a)(ii) to the Post-Effective Amendment No. 1 to Form F-6 Registration Statement (Reg. no.: 333-234548) with the Commission on October 24, 2022.

(b)(i) Convertible Note Side Letter between the Company and the Depositary, dated as of January 25, 2024. ^___Filed herewith as Exhibit (b)(i).

(b)(ii) Warrant Exercise Letter Agreement between the Company and the Depositary, dated as of January 25, 2024. ^___Filed herewith as Exhibit (b)(ii).

(b)(iii) Warrant Exercise Letter Agreement between the Company and the Depositary, dated as of January 25, 2024. ^___Filed herewith as Exhibit (b)(iii).

(b)(iv) Convertible Note Side Letter between the Company and the Depositary, dated as of September 29, 2023. ^___Filed herewith as Exhibit (b)(iv).

(b)(v) Warrant Exercise Letter Agreement between the Company and the Depositary, dated as of May 22, 2023. ^___ Filed herewith as Exhibit (b)(v).

(b)(vi) Convertible Debenture Side Letter between the Company and the Depositary, dated as of April 22, 2022. ^___ Previously filed as Exhibit (b)(i) to the Post-Effective Amendment No. 1 to Form F-6 Registration Statement (Reg. no.: 333- 234548) with the Commission on October 24, 2022.

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(b)(vii) Convertible Note Side Letter between the Company and the Depositary, dated as of July 23, 2021. ^___ Previously filed as Exhibit (b)(ii) to the Post-Effective Amendment No. 1 to Form F-6 Registration Statement (Reg. no.: 333- 234548) with the Commission on October 24, 2022.

(b)(viii) Convertible Note Side Letter between the Company and the Depositary, dated as of March 16, 2021. ^___ Previously filed as Exhibit (b)(iii) to the Post-Effective Amendment No. 1 to Form F-6 Registration Statement (Reg. no.: 333- 234548) with the Commission on October 24, 2022.

(b)(ix) Convertible Note Side Letter between the Company and the Depositary, dated as of August 7, 2020. ^___ Previously filed as Exhibit (b)(iv) to the Post-Effective Amendment No. 1 to Form F-6 Registration Statement (Reg. no.: 333- 234548) with the Commission on October 24, 2022.

(b)(x) Custodian Services Agreement for Structural Safekeeping Account between the Company and the Depositary, dated August 7, 2020. ^___ Previously filed as Exhibit (b)(v) to the Post-Effective Amendment No. 1 to Form F-6 Registration Statement (Reg. no.: 333- 234548) with the Commission on October 24, 2022.

(c) Every material contract relating to the deposited securities between the Depositary and the issuer of the deposited securities in effect at any time within the last three years. ^___ None.

(d) Opinion of counsel for the Depositary as to the legality of the securities to be registered. ^___ None.

(e) Certificate under Rule 466. ^___ None.

(f) Powers of Attorney for certain officers and directors and the authorized representative of the Company. ^___ Set forth on the signature pages hereto.

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Item 4.

UNDERTAKINGS

(a)

The Depositary undertakes to make available at the principal office of the Depositary in the United States, for inspection by holders of ADSs, any reports and communications received from the issuer of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities, and (2) made generally available to the holders of the underlying securities by the issuer.

(b)

If the amount of fees charged is not disclosed in the prospectus, the Depositary undertakes to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to deliver promptly a copy of such fee schedule without charge to anyone upon request. The Depositary undertakes to notify each registered holder of an ADS thirty (30) days before any change in the fee schedule.

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, Citibank, N.A., acting solely on behalf of the legal entity created by the Deposit Agreement, dated as of February 3, 2020 (the “Deposit Agreement”), by and among Fresh2 Group Limited, Citibank, N.A., as depositary, and all Holders and Beneficial Owners from time to time of American Depositary Shares to be issued thereunder, certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Post-Effective Amendment No. 2 to Registration Statement on Form F-6 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 24^th day of June 2024.

	Legal entity created by the Deposit Agreement, as amended, under which the American Depositary Shares registered thereunder are issued, each American Depositary Share representing the right to receive the specified number of Class A ordinary shares of Fresh2 Group Limited CITIBANK, N.A., solely in its capacity as Depositary

	By:	/s/ Joseph Connor
		Name: Joseph Connor
		Title: Attorney-in-Fact

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, Fresh2 Group Limited certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Post-Effective Amendment No. 2 to Registration Statement on Form F-6 to be signed on its behalf by the undersigned thereunto duly authorized, in New York, New York, on June 24, 2024.

	FRESH2 GROUP LIMITED

	By:	/s/ Haohan XU
	Name: Haohan XU
	Title: Chief Executive Officer

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POWERS OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints each of Haohan Xu to act as his/her true and lawful attorney-in-fact and agent, with full power of substitution, for him/her and in his/her name, place and stead, in any and all such capacities, to sign any and all amendments, including post-effective amendments, and supplements to this Registration Statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the United States Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as s/he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his/her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 2 to Registration Statement on Form F-6 has been signed by the following persons in the following capacities on June 24, 2024.

Signature		Title

/s/ Haohan Xu		Chief Executive Officer and Director
Name: Haohan Xu

/s/ Xiaoyu Li		Chief Finance Officer / Chief Accounting Officer and Director
Name: Xiaoyu Li

/s/ Honggang Tian		Director
Name: Honggang Tian

/s/ Zhigang Zhao		Director
Name: Zhigang Zhao

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SIGNATURE OF AUTHORIZED U.S. REPRESENTATIVE OF REGISTRANT¹

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Fresh2 Group Limited has signed this Post-Effective Amendment No. 2 to Registration Statement on Form F-6 in New York on June 24, 2024.

Authorized U.S. Representative: Fresh2 Group Limited

By:	/s/ Haohan Xu
	Name: Haohan Xu Title: Chief Executive Officer

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Index to Exhibits

Exhibit	Document	Sequentially Numbered Page

(a)(i)	Form of Amendment No. 2 to Deposit Agreement

(a)(ii)	Amendment No. 1 to Deposit Agreement

(b)(i)	Convertible Note Side Letter

(b)(ii)	Warrant Exercise Letter Agreement

(b)(iii)	Warrant Exercise Letter Agreement

(b)(iv)	Convertible Note Side Letter

(b)(v)	Warrant Exercise Letter Agreement

SEC Form F-6 POS filed by Fresh2 Group Limited