SECsense Logo

Highest Performances Holdings Inc. Share Issuance Report - January 2025

$HPH
Form 6-K
Filed on: 2025-01-06
Source
Highest Performances Holdings Inc. Share Issuance Report - January 2025

Here’s a summary of the key information extracted from the financial report:

Company Information

  • Company Name: Highest Performances Holdings Inc.
  • Headquarters: 61F, Pearl River Tower, No. 15 Zhujiang West Road, Zhujiang New Town, Tianhe, Guangzhou, Guangdong Province, People's Republic of China.
  • Contact Number: +86-020-28381666.
  • SEC Commission File Number: 001-38813.
  • Report Date: January 6, 2025.

Share Issuance

  • Transaction Date: Share subscription agreements were entered into on December 30, 2024, and completed on January 2, 2025.
  • Issuance of Class B Ordinary Shares:
  • Total Shares Issued:
    • Sea Synergy Limited: 400,000,000 shares for $400,000.
    • Moonlit Group Ltd: 500,000,000 shares for $500,000.
    • Equality Group Ltd: 100,000,000 shares for $100,000.
  • Total Gross Proceeds: Approximately $1.0 million.
  • Purpose of Funds: General working capital.

Shareholder Structure Post-Issuance

  • Moonlit Group:
  • Holds approximately 36.43% of total shares and 49.81% of voting power.
  • Sea Synergy (wholly-owned by Hu Yinan, Vice Chairman and CEO):
  • Holds approximately 36.05% of total shares and 39.95% of voting power.
  • Equality Group:
  • Holds approximately 7.29% of total shares and 9.96% of voting power.

Class B Ordinary Shares Details

  • Voting Rights:
  • Each Class A share: 1 vote.
  • Each Class B share: 100 votes.
  • Conversion Rights:
  • Class B shares can be converted to Class A shares at the holder's option with board approval.
  • Automatic conversion occurs upon termination of employment, resignation/removal from the board, or loss of ownership in a wholly-owned company.
  • Economic Rights Limitations:
  • Class B shares have no rights to dividends or surplus assets upon liquidation.
  • Class B shares cannot be sold, transferred, assigned, or used as collateral.

Legal Documentation

  • The Share Subscription Agreements are filed as Exhibits 10.1, 10.2, and 10.3.

    This summary encapsulates the essential aspects of the issuance of shares, the changes in shareholder structure, and the specific characteristics of the Class B ordinary shares.