Wo Wo Group PO application submitted to the U S SEC the proposed 40 million financing
on March 8, 2017

Sina

technology news Beijing time on January 10th morning news, Wo Wo Group on Friday with the U.S. Securities and Exchange Commission (SEC) submitted to the IPO (IPO) prospectus documents. Documents show that Wo Wo Group plans to raise up to $40 million of funds through the IPO transaction, quasi NASDAQ Global market, stock code "WOWO".

prospectus, Wo Wo Group 2014 net revenues for the 9 months was $20 million 642 thousand, compared to the same period in 2013 of $27 million 633 thousand; gross profit was $15 million 126 thousand, compared to the same period in 2013 of $22 million 894 thousand; a net loss of $32 million 447 thousand, compared to the same period in 2013 net loss of $21 million 121 thousand.

Wo Wo Group

the first 9 months of 2014, total operating expenses were $47 million 416 thousand, compared to the same period in 2013 for $43 million 902 thousand. Among them, the marketing expenses of $8 million 719 thousand, compared to the same period in 2013 of $8 million 77 thousand; sales, general and administrative expenses were $38 million 697 thousand, compared to the same period in 2013 for $35 million 825 thousand. 9 months before Wo Wo Group 2014 operating loss of $32 million 290 thousand, compared to an operating loss of $21 million 8 thousand in 2013.

in the IPO prospectus submitted before, following Wo Wo Group’s directors and executive shareholding: Chairman and CEO Xu Maodong beneficially holds about 175 million shares, the shareholding ratio of 37.35%; Xiaoyi Niu beneficially holds about 80 million 540 thousand shares, the shareholding ratio of 17.19%; Jianguang Wu held beneficially about 38 million 120 thousand shares, the shareholding ratio of 8.13%; Frank Zhigang Zhao beneficially holds about 10 million 370 thousand shares, the shareholding ratio of 2.21%. The number of directors and executives a total of Wo Wo Group shares beneficially holds about 312 million shares, the total stake of 66.61%.

CDH Barley Limited the major shareholder, beneficially holds about 80 million 540 thousand shares, the shareholding ratio of 17.19%; Tianyou Investment Limited beneficially holds about 47 million 420 thousand shares, the shareholding ratio of 9.94%.

Wo Wo Group

(ie Wowo mall) was founded in March 15, 2010, is one of the largest China life service e-commerce platform, committed to connect businesses and consumers of local life services to help businesses sell the remaining service capabilities, to help consumers rational economic consumer choice, to create the largest life service Chinese idle away in seeking pleasure online mall. (Tang Feng)


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