Zall Development Group Ltd. 2098 LIGHTINTHEBOX HOLDING CO., LTD. LIGHTINTHEBOX HOLDING CO., LTD. 6 32
............................................................ 1....................................................... 6...................................... I-1.................................... II-1....................... III-1............................................. IV-1 i
76,500,000 592,900,000 1
2.75 24 (2) Wincore Holdings 12,766,333 247,539 495,078 2
(2) 42,500,000 3
7,455,000 7,455,000 Lightinthebox Holding Co., Ltd. 14.67(6)(a) (i) 14.67(7) 0.000067 4
American Institute of Certified Public Accountants Accounting Principles Board Financial Accounting Standards Board 18 FASB Statement No. 18 FASB Accounting Standards Codification Hierarchy of Generally Accepted Accounting Principles Wincore Holdings Wincore Holdings Limited % 1.00 7.7499 5
Zall Development Group Ltd. 2098 Cricket Square Hutchins Drive P. O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 2 16 1606 LIGHTINTHEBOX HOLDING CO., LTD. LIGHTINTHEBOX HOLDING CO., LTD. 6
14.44 8,058,333,000 74.99% 42,500,000 30.0% (i) (ii) (i) (ii) 76,500,000 592,900,000 7
(i) (ii) 30.0% 7,455,000 5% 8
76,500,000 592,900,000 1.80 13.95 (i) 1.29 2.58 39.5% (ii) 1.25 2.50 44.0% (a) 9
(b) (i) (2) (ii) (2) (iii) (1) B2B 10
7,455,000 (6) 2.75 (i) (ii) (x) 5% (y) 11
(i) 12
(ii) (iii) 13
(iv) 8,058,333,000 74.99% 14
Wincore Holdings (1) (2) (3) Wincore Holdings (4) 10% 15% 15
(2) (6) (a) 5% 16
10% (b) 10% 15% (c) (i) (ii) 5% Wincore Holdings (2) (i) 5.40 (ii) 17
(i) 45% (ii) (i) (iii) 45% (a) (b) 10% (c) WINCORE HOLDINGS LITB www.lightinthebox.comwww.miniinthebox.com 27 80% 18
Wincore Holdings Wincore Holdings Wincore Holdings 6,681,251 233,277 466,554 5.1% Wincore Holdings 50% 50% 19
51% 49% 20
255,000 51% 21
(1) (2) Light In The Box Limited Light In The Box Limited Light In The Box Limited Light In The Box Limited 22
LightInTheBox Holding Co., Ltd. 100% 100% Lanting International Holding Limited 100% 100% LightInTheBox International LITB, Inc. Logistic Co., Limited Light In The Box Limited 100% LITB Netherlands B.V. 100% 100% 100% (3) 49% (2) 100% (1) (2) (3) 51% 23
(a) www.kuailebox.com www.ouku.com (b) 59.1% 28.5% 0.1% 0.4% 24
(c) (i) (ii) (iii) 13,261,411 13.4% 13,261,411 9.4% 13,261,411 8.9% 7,147,805 7.2% 7,147,805 5.1% 7,147,805 4.8% 3,542,541 3.6% 3,542,541 2.5% 3,542,541 2.4% 2,571,065 2.6% 2,571,065 1.8% 2,571,065 1.7% 25
32,201,191 32.5% 32,201,191 22.8% 32,201,191 21.6% Ceyuan Ventures II, L.P. 13,291,591 13.4% 13,291,591 9.4% 13,291,591 8.9% GSR Ventures III, L.P. 9,932,391 10.0% 9,932,391 7.0% 9,932,391 6.7% TrustBridge Partners III, L.P. 5,075,711 5.1% 5,075,711 3.6% 5,075,711 3.4% Xiaoping Xu 3,901,498 3.9% 3,901,498 2.8% 3,901,498 2.6% 24,440,361 24.7% 24,726,093 17.5% 24,726,093 16.6% AEB Capital, LLC 4,886,100 4.9% 4,886,100 3.5% 4,886,100 3.3% 19,554,261 19.7% 19,839,993 14.0% 19,839,993 13.3% 1,374,050 1.4% 1,304,400 0.9% 1,304,400 0.9% 3,315,264 3.3% 2,958,786 2.1% 2,958,786 2.0% 24,553,810 24.8% 67,053,810 47.4% 74,508,810 50.0% 24,553,810 24.8% 24,553,810 17.4% 24,553,810 16.5% 0.0% 42,500,000 30.0% 49,955,000 33.5% 99,146,087 100.0% 141,505,691 100.0% 148,960,691 100.0% 1 2 The Bank of New York Mellon 3 4 26
2,123,000 16,450,000 55,493,000 430,070,000 (29,917) (39,324) (29,987) (39,407) 27
33.5% 25% 100% 14.06(3) 28
14.76(2) 14.44 8,058,333,000 74.99% 14.67(6)(A)(I) 14.67(7) 14.67(6)(a)(i) 29
14.67(7) 32 14.67(6)(a)(i) 14.67(7) (a) (3) http://ir.lightinthebox.com EDGAR http://www. sec.gov (b) 33.5% (c) 14.67(6)(a)(i) 30
14.67(7) (a) (b) 3000 (c) 14.67(6)(a)(i) 14.67(7) 31
14.67(6)(a)(i) 14.67(7) 32
1. (i) 48 139 (ii) 48 135 (iii) 51 136 (www.hkex.com.hk) (www.zallcn.com) 2. 2,109,359,822 30,000,000 5,013,765,619 1,270,397,652 8,423,523,093 I-1
3. 4. 5. + 20 2 I-2
(1) 43 9,654 (2) 11 6 (3) 1.8 1.2 C B2B I-3
I. LightInTheBox Holding Co., Ltd.LITB LITB LITB LITB <http://ir.lightinthebox.com> <http://www.sec.gov> LIGHTINTHEBOX LightInTheBox Holding Co., Ltd. LightInTheBox Holding Co., Ltd. II-1
II-2
19,972 23,745 79,958 1,217 1,360 249 259 5,753 7,081 10,562 8,890 37,753 121,293 1,792 3,002 266 690 293 640 39,838 125,891 II-3
C LightInTheBox Holding Co., Ltd. 61 36 9,150 18,677 LightInTheBox Holding Co., Ltd. 13 4 7,098 10,263 LightInTheBox Holding Co., Ltd. 524 1,449 12,811 15,560 LightInTheBox Holding Co., Ltd. 7,788 36,847 44,500 36,847 44,500 21 C 0.000067 9,651,565 9,651,565 52,500 41,471 II-4
A 0.000067 15,000,000 15,000,000 5,000 5,000 B 0.000067 17,522,725 17,522,725 11,270 11,270 0.000067 707,825,710 36,680,558 99,194,991 2 7 10,459 153,124 (65,181) (71,621) (30) (119) (38,480) 81,391 C 39,838 125,891 II-5
116,230 200,010 292,417 77,465 116,465 165,267 38,765 83,545 127,150 7,124 10,088 15,963 38,465 53,418 84,245 16,660 22,369 31,929 1,928 64,177 85,875 132,137 (25,412) (2,330) (4,987) 3 3 1,606 (1,884) (1,369) (25,409) (4,211) (4,750) 878 (19) (69) (24,531) (4,230) (4,819) C 2,800 2,971 1,621 (27,331) (7,201) (6,440) (0.76) (0.20) (0.09) (0.76) (0.20) (0.09) II-6
(24,531) (4,230) (4,819) (57) (8) (89) (24,588) (4,238) (4,908) II-7
A B 15,000,000 5,000 17,522,725 11,270 27,246,744 2 3,575 35 (30,649) (10,767) 4,951,667 2,093 2,093 C (2,800) (2,800) (24,531) (24,531) (57) (57) 15,000,000 5,000 17,522,725 11,270 32,198,411 2 5,668 (22) (57,980) (36,062) 4,482,147 2,695 2,695 C (2,971) (2,971) (4,230) (4,230) 2,096 2,096 (8) (8) 15,000,000 5,000 17,522,725 11,270 36,680,558 2 10,459 (30) (65,181) (38,480) (15,000,000) (5,000) (17,522,725) (11,270) 42,174,290 3 59,359 43,092 2,224,610 8,000 8,000 9,883 16,984,736 2 70,795 70,797 767,397 363,400 193 193 4,318 4,318 C (1,621) (1,621) (4,819) (4,819) (89) (89) 99,194,991 7 153,124 (119) (71,621) 81,391 II-8
(24,531) (4,230) (4,819) 899 1,031 1,361 2,093 2,695 4,318 242 515 218 (420) 1,022 906 (272) 1,140 956 744 413 (8) (176) 12 (508) (1003) (864) (9) (5,807) (1,148) 74 (225) (337) 1,727 4,020 9,508 (118) 3,641 3,130 4,154 5,109 3,042 (14,056) 7,399 15,152 (1,582) (917) (2,451) (79,958) (252) (367) (143) (1,000) (1,834) (1,284) (83,552) II-9
8,000 193 75,030 (602) (930) (3,127) (185) (787) 7,070 72,096 (16,677) 13,185 3,696 24 1 77 23,439 6,786 19,972 6,786 19,972 23,745 606 (12) (69) (1,157) II-10
1. LightInTheBox Holding Co., Ltd.LightInTheBox Light In The Box Limited 100% Light In The Box Lanting International Holding Limited 100% Lanting International LITB, Inc. 100% 100% Lanting Jishi Trade (Suzhou) Co., Ltd. 100% LightInTheBox (UK) Limited 100% Light In The BoxLight In The Box Light In The Box Light In The Box II-11
51% 49% II-12
255,000 40,492 51% (1) (2) II-13
2,232 2,042 1,874 1,489 II-14
5,010 2,743 300 (1,078) (204) (179) 1,119 200 647 (894) (298) (798) 2. II-15
5 3 3 4 II-16
906 1,010 II-17
(i) (ii) (iii) (iv) II-18
7 30 24,589 40,694 63,917 17% II-19
II-20
Light In The BoxLanting InternationalLITB, Inc. LightInTheBox (UK) Limited 50% II-21
A B C II-22
683 56,602 II-23
3. 6,642 7,550 (889) (469) 5,753 7,081 4. (1) 7,633 4,659 1,188 1,032 1,525 721 663 337 339 74 57 104 241 879 10,562 8,890 (1) II-24
5. 1,663 3,043 1,183 1,817 1,450 2,099 4,296 6,959 (2,504) (3,957) 1,792 3,002 846 1,031 1,361 6. 906 20 Ador Inc. 44 690 266 20 II-25
906 926 690 20 14 926 1,630 (906) (926) (20) (14) (926) (940) 690 7. Ador Inc. 1,010 (1,010) 1,220 (1,010) 210 90 (90) 90 (90) 9 (7) (2) 9 (7) (2) 32 (22) (10) 32 (22) (10) 36 36 20 20 1,141 (119) (1,022) 1,407 (119) (1,022) 266 II-26
1,022 20 53 17 17 17 5 8. 6,345 9,147 3,702 875 398 152 636 1,950 911 1,004 370 401 (1) 116 751 (2) 85 100 248 1,180 12,811 15,560 (1) 292 116 5,336 9,897 (5,512) (9,262) 116 751 (2) 447 604 1,041 9. C 18 8,000 8,000 12% 15% II-27
18 350,000 350,000 95% 12 90% 12 85% 18 C 255,000 2,096 1,140 2,224,610 8,000 8,000 (2,096) (2,096) 1,140 2,096 744 1,157 (1,157) (8,000) 7,788 II-28
1,140 956 744 413 1,884 1,369 10. A B 15,000,000 A A 0.000067 5,000 A 0.33 A 24,633,333 12 A A A A 17,522,725 B B 0.000067 11,270 B 0.643 B B B B 15,000,000 A 17,522,725 B 32,522,725 A B C B A II-29
1. 300,000 A B C 2. 300,000 C C 150% B B A A C B A A B C A A A A A B B B B B C C C C C II-30
11. C 9,651,565 C 0.000067 35,000 C 3.626 C C C 9,651,565 C 9,651,565 C A B C C C C (i) C (ii) C C 8% C C 38,500 41,471 C 2,971 1,621 C (43,092) 41,471 12. 9.5 8,492,368 16,984,736 4,235 75,030 II-31
20,000 13. 4,444,444 25% 10 357,000 8,000 119,000 4.25 0.96 4.29 307,250 4.75 3.86%-4.05% 3.06%-3.83% 2 2-2.8 58%-61% 56%-60% 0% 0% 4.02-4.03 4.75-4.97 (1) (2) (3) (4) II-32
(5) 1,778,250 1.12 307,250 4.75 2.45 (363,400) 0.65 0.29 0.12 (159,250) 3.46 1.61 0.12 1,562,850 1.71 1,562,850 1.71 6.55 3,892 945,663 0.19 5.40 3,627 524,609 4.03 8.31 226 1,235 1.96 2.45 II-33
191 216 280 657 2.98 14. A 24,633,333 (i) (ii) (iii) 1,820,010 711,571 1,054,778 4.46 711,571 4.75 (3,750) 4.75 (767,397) 4.50 995,202 4.52 II-34
21,34219,318 3,453 1,902 2,479 4,038 3,027 1.70 13 10 9 90 117 134 1,990 2,568 4,175 2,093 2,695 4,318 15. Light In The Box Lanting International 16.5% 25% 12.5% 12.5% (606) 19 69 272 II-35
502 638 45 (502) (683) 8,338 7,959 (8,338) (7,959) (25,409) (4,211) (4,750) 25% 25% 25% (6,352) (1,053) (1,187) 672 403 225 (828) (41) (62) * (606) 1,897 1,105 1,291 4,339 (395) (198) (878) 19 69 II-36
* 579 82 25% 10% II-37
16. (24,531) (4,230) (4,819) C 2,800 2,971 1,621 C C C 2,800 2,971 1,621 A A A B B B LightInTheBox Holding Co., Ltd. (27,331) (7,201) (6,440) (22,288) (6,843) (6,440) (5,043) (358) A B A B (0.76) (0.20) (0.09) (0.76) (0.20) (0.76) (0.20) (0.09) A B C 0.29 0.31 0.38 II-38
6,663,370 1,792,535 A 15,000,000 15,000,000 6,616,438 B 17,522,725 17,522,725 7,729,202 C 9,651,565 9,651,565 4,257,266 29,445,595 34,316,430 71,555,449 1,975,000 1,778,250 1,562,850 5,536,925 1,054,778 995,202 15,000,000 A 17,522,725 B 9,651,565 C 17. 2,897 3,848 5,603 18. 10% 50% II-39
3,293 3,293 19. 46,888 80,274 86,459 69,342 119,736 205,958 116,230 200,010 292,417 % % % 57,853 49.8 101,424 50.7 182,958 62.5 32,721 28.2 47,985 24.0 54,858 18.8 4,097 3.5 12,876 6.4 26,205 9.0 21,559 18.5 37,725 18.9 28,396 9.7 116,230 100 200,010 100 292,417 100 29,117 41,840 46,136 22,448 32,913 42,504 6,541 13,577 12,986 II-40
20. 21. 22. (1) 1,716 2,074 3,005 3,921 3,482 556 198 8,157 (2) 19,006 II-41
LightInTheBox Holding Co., Ltd. 13-cv-6016 (In re LightInTheBox Holding Co., Ltd. Securities Litigation, No. 13-cv-6016) 10(b) 20(a) II-42
LIGHTINTHEBOX LightInTheBox Holding Co., Ltd. LightInTheBox Holding Co., Ltd. II-43
23,745 75,358 79,958 5,802 1,360 2,267 259 695 7,081 9,845 8,890 5,189 121,293 99,156 3,002 3,664 266 249 690 690 640 708 125,891 104,467 II-44
LightInTheBox Holding Co., Ltd. 36 23 18,677 25,236 LightInTheBox Holding Co., Ltd. 4 10,263 10,979 LightInTheBox Holding Co., Ltd. 1,449 2,251 15,560 25,069 44,500 61,284 44,500 61,284 II-45
0.000067 707,825,710 99,194,991 100,354,801 99,194,991 96,617,349 7 7 153,124 155,872 (71,621) (101,608) (119) (131) 3,737,452 (10,957) 81,391 43,183 125,891 104,467 II-46
200,010 292,417 382,407 116,465 165,267 237,095 83,545 127,150 145,312 10,088 15,963 23,926 53,418 84,245 105,186 22,369 31,929 46,916 85,875 132,137 176,028 (2,330) (4,987) (30,716) (1,556) (1,881) 237 2,355 (4,211) (4,750) (29,917) (19) (69) (70) (4,230) (4,819) (29,987) C 2,971 1,621 (7,201) (6,440) (29,987) (0.20) (0.09) (0.30) (0.20) (0.09) (0.30) II-47
(4,230) (4,819) (29,987) (8) (89) (12) (4,238) (4,908) (29,999) II-48
A B 15,000,000 5,000 17,522,725 11,270 32,198,411 2 5,668 (22) (57,980) (36,062) 4,482,147 2,695 2,695 C (2,971) (2,971) (4,230) (4,230) 2,096 2,096 (8) (8) 15,000,000 5,000 17,522,725 11,270 36,680,558 2 10,459 (30) (65,181) (38,480) (15,000,000) (5,000) (17,522,725) (11,270) 42,174,290 3 59,359 43,092 2,224,610 8,000 8,000 9,883 16,984,736 2 70,795 70,797 767,397 363,400 193 193 4,318 4,318 C (1,621) (1,621) (4,819) (4,819) (89) (89) 99,194,991 7 153,124 (119) (71,621) 81,391 611,010 548,800 230 230 2,518 2,518 (3,737,452) (10,957) (10,957) (29,987) (29,987) (12) (12) 96,617,349 7 155,872 (10,957) (131) (101,608) 43,183 II-49
(4,230) (4,819) (29,987) 1,031 1,361 1,855 2,695 4,318 2,518 1,556 242 218 (420) 1,206 1,140 956 744 413 (176) 12 (447) (1,003) (864) (4,000) (5,807) (1,148) 3,639 (225) (337) (79) 4,020 9,508 6,567 3,641 3,130 818 5,109 3,042 9,465 7,399 15,152 (6,889) (917) (2,451) (2,576) 157,519 (79,958) (84,855) (367) (143) (907) (1,000) (1,284) (83,552) 69,181 II-50
8,000 193 230 75,030 (10,650) (930) (3,127) 7,070 72,096 (10,420) 13,185 3,696 51,872 1 77 (259) 6,786 19,972 23,745 19,972 23,745 75,358 (12) (69) (70) (1,157) II-51
1. LightInTheBox Holding Co., Ltd. Light In The Box Limited 100% Light In The Box Lanting International 100% Holding LimitedLanting International LightInTheBox International 100% Logistic Co., Ltd. LightInTheBox Logistic LITB, Inc. 100% 100% Light In The Box (Suzhou) 100% Trading Co., Limited Light In The Box (Chengdu) Technology Co., Limited 100% LightInTheBox (UK) Limited 100% LITB Netherlands B.V. 100% II-52
Light In The BoxLight In The Box Light In The Box Light In The Box 51% 49% II-53
255,000 40,492 51% (1) (2) II-54
II-55
2,042 2,988 1,489 2,274 2,743 300 58 (204) (179) (725) 200 647 769 (298) (798) (895) 2. II-56
5 3 II-57
3 4 II-58
(i) (ii) (iii) (iv) II-59
30 40,694 63,917 94,509 17% II-60
II-61
Light In The BoxLanting InternationalLightInTheBox LogisticLITB, Inc.LightInTheBox (UK) Limited LITB Netherlands B.V. 50% II-62
A B C II-63
683 56,602 48,144 605 605-35 360 350 II-64
1. 2. 718 II-65
3. (1) 4,659 2,332 1,525 1,166 721 297 663 130 339 414 104 24 879 826 8,890 5,189 (1) 4. 3,043 3,723 1,817 2,431 2,099 3,059 6,959 9,213 (3,957) (5,549) 3,002 3,664 1,031 1,361 1,838 II-66
5. Ador Inc. 44 690 266 Ador Ador 690 690 690 690 6. Ador Inc. 1,220 (1,010) 210 1,220 (1,010) 210 90 (90) 90 (90) 9 (7) (2) 9 (7) (2) 32 (22) (10) 32 (22) (10) 36 36 36 (12) 24 20 20 20 (5) 15 1,407 (119) (1,022) 266 1,407 (136) (1,022) 249 17 17 17 5 II-67
7. 9,147 13,154 875 621 152 327 1,950 2,284 1,004 5,343 401 449 (1) 751 1,417 1,280 1,474 15,560 25,069 (1) 116 751 9,897 14,418 (9,262) (13,752) 751 1,417 8. 9.5 8,492,368 16,984,736 4,235 75,030 20,000 1,868,726 3,737,452 10,957 II-68
9. 4,444,444 6,900,000 25% 10 484,000 0.96 4.29 307,250 4.75 1,797,300 1.84 3.26 3.06%-3.83% 3.75%-4.05% 2-2.8 2.2-2.8 56%-60% 57.09%-63.88% 0% 0% 4.75-4.97 2.53-3.26 (1) (2) (3) (4) II-69
(5) 1,562,850 1.71 1,797,300 2.53 (548,800) 0.37 (305,050) 3.87 2,506,300 2.35 2,506,300 2.35 8.26 2,712 669,238 0.67 8.26 1,559 1,469,650 2.69 9.35 922 1,235 119 2.45 1.42 216 280 291 1,054 3.2 II-70
10. 1,820,010 711,571 2,800,300 995,202 4.52 2,800,300 2.54 (601,155) 3.47 (611,010) 3.88 2,583,337 2.58 19,3183,453 2,123 2,479 4,038 2,227 2,286 3.47 10 9 46 117 134 231 2,568 4,175 2,241 2,695 4,318 2,518 II-71
11. Light In The BoxLanting International LightInTheBox Logistic 16.5% 25% 12.5% 12.5% 19 69 70 638 2,885 45 214 132 (683) (3,231) 7,959 10,476 (7,959) (10,476) II-72
8,840 8,642 228 5,683 (426) (618) 8,642 13,707 (4,211) (4,750) (29,917) 25% 25% 25% (1,053) (1,187) (7,479) 403 225 92 (41) (62) (76) 1,105 1,291 2,468 (395) (198) 5,065 19 69 70 II-73
82 25% 10% II-74
12. (4,230) (4,819) (29,987) C 2,971 1,621 C C 2,971 1,621 LightInTheBox Holding Co., Ltd. (7,201) (6,440) (29,987) (6,843) (6,440) (29,987) (358) (0.20) (0.09) (0.30) (0.20) (0.20) (0.09) (0.30) C 0.31 0.38 1,792,535 A 15,000,000 6,616,438 B 17,522,725 7,729,202 C 9,651,565 4,257,266 34,316,430 71,555,449 99,001,560 1,778,250 1,562,850 2,506,300 1,054,778 995,202 2,583,337 II-75
13. 3,848 5,603 5,544 14. 10% 50% 4,293 15. 80,274 86,459 138,570 119,736 205,958 243,837 200,010 292,417 382,407 II-76
% % % 101,424 50.7 182,958 62.5 239,176 62.5 47,985 24.0 54,858 18.8 81,675 21.4 50,601 25.3 54,601 18.7 61,556 16.1 200,010 100 292,417 100 382,407 100 41,840 46,136 65,376 32,913 42,504 52,264 16. 17. II-77
18. (1) 2,074 3,005 3,906 4,388 1,201 344 5,933 (2) II-78
LightInTheBox Holding Co., Ltd. 13-cv-6016 (In re LightInTheBox Holding Co., Ltd. Securities Litigation, No. 13-cv-6016) 10(b) 20(a) 1,550 1,550 19. 2,100 Shantou Demon Network Technology Co., Ltd.Demon30% Demon Demon II-79
LIGHTINTHEBOX LIGHTINTHEBOX HOLDING CO., LTD. LightInTheBox Holding Co., Ltd. II-80
75,358 30,901 5,802 2,267 1,606 695 920 9,845 11,261 5,189 5,053 99,156 49,741 3,664 2,209 249 232 690 690 708 658 1,963 104,467 55,493 II-81
LightInTheBox Holding Co., Ltd. 23 22 25,236 29,351 LightInTheBox Holding Co., Ltd. 10,979 8,282 LightInTheBox Holding Co., Ltd. 2,251 1,760 25,069 19,983 61,284 57,616 61,284 57,616 II-82
0.000067 750,000,000 100,354,801 101,847,447 96,617,349 94,456,773 7 7 155,872 159,190 3,737,452 7,390,674 (10,957) (19,996) (101,608) (141,015) (131) (309) 43,183 (2,123) 104,467 55,493 II-83
292,417 382,407 323,763 165,267 237,095 207,354 127,150 145,312 116,409 15,963 23,926 22,419 84,245 105,186 91,614 31,929 46,916 41,535 132,137 176,028 155,568 (4,987) (30,716) (39,159) (1,556) (938) 237 2,355 773 237 799 (165) (4,750) (29,917) (39,324) (69) (70) (49) (34) (4,819) (29,987) (39,407) C (1,621) (6,440) (29,987) (39,407) (0.09) (0.30) (0.41) (0.09) (0.30) (0.41) II-84
(4,819) (29,987) (39,407) (89) (12) (178) (4,908) (29,999) (39,585) II-85
A B 15,000,000 5,000 17,522,725 11,270 36,680,558 2 10,459 (30) (65,181) (38,480) (15,000,000) (5,000) (17,522,725) (11,270) 42,174,290 3 59,359 43,092 2,224,610 8,000 8,000 9,883 16,984,736 2 70,795 70,797 767,397 363,400 193 193 4,318 4,318 C (1,621) (1,621) (4,819) (4,819) (89) (89) 99,194,991 7 153,124 (119) (71,621) 81,391 611,010 548,800 230 230 2,518 2,518 (3,737,452) (10,957) (10,957) (29,987) (29,987) (12) (12) 96,617,349 7 155,872 (10,957) (131) (101,608) 43,183 1,316,696 175,950 122 122 3,196 3,196 (3,653,222) (9,039) (9,039) (39,407) (39,407) (178) (178) 94,456,773 7 159,190 (19,996) (309) (141,015) (2,123) II-86
(4,819) (29,987) (39,407) 1,361 1,855 2,135 4,318 2,518 3,196 1,556 938 34 (420) 1,206 1,890 956 413 12 (447) (246) (864) (4,000) (3,326) (1,148) 3,639 106 (337) (79) 33 9,508 6,567 4,117 3,130 818 (2,697) 3,042 9,465 (4,674) 15,152 (6,889) (37,901) (2,451) (2,576) (769) 157,519 43,054 (79,958) (84,855) (37,708) (143) (907) 661 (1,000) (2,100) (83,552) 69,181 3,138 II-87
193 230 122 75,030 (10,650) (9,346) (3,127) 72,096 (10,420) (9,224) 3,696 51,872 (43,987) 77 (259) (470) 19,972 23,745 75,358 23,745 75,358 30,901 (69) (70) (49) (1,157) II-88
1. LightInTheBox Holding Co., Ltd. Light In The Box Limited Light In The Box Lanting International Holding LimitedLanting International LightInTheBox International Logistic Co., Ltd. LightInTheBox Logistic LITB, Inc. Light In The Box (Suzhou) Trading Co., Limited Light In The Box (Chengdu) Technology Co., Limited LightInTheBox (UK) Limited LITB Netherlands B.V. LITB Poland Sp. zo.o. 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% II-89
Light In The BoxLight In The Box Light In The Box Light In The Box 51% 49% II-90
255,000 40,492 51% (1) (2) II-91
II-92
2,988 227 2,274 1,782 300 58 5 (179) (725) (128) 647 769 (247) (798) (895) 44 2. II-93
5 3 II-94
3 4 20% 50% II-95
II-96
(i) (ii) (iii) (iv) II-97
7 30 63,917 94,509 80,915 17% II-98
1,036 748 1,227 Light In The BoxLanting InternationalLightInTheBox LogisticLITB, Inc.LightInTheBox (UK) Limited LITB Poland Sp. zo.o. LITB Netherlands B.V. II-99
50% II-100
A B C II-101
56,602 48,144 6,939 330 2014-09 606 II-102
13 2016-02 842 12 II-103
2016-09 3. (1) 2,332 2,329 1,166 1,554 297 414 218 24 63 956 889 5,189 5,053 (1) 4. 3,723 3,887 2,431 2,440 3,059 3,013 9,213 9,340 (5,549) (7,131) 3,664 2,209 1,361 1,838 2,118 II-104
5. Ador Inc. 44 690 266 6. Ador Inc. 1,220 (1,010) 210 1,220 (1,010) 210 90 (90) 90 (90) 9 (7) (2) 9 (7) (2) 32 (22) (10) 32 (22) (10) 36 (12) 24 36 (24) 12 20 (5) 15 20 (10) 10 1,407 (136) (1,022) 249 1,407 (153) (1,022) 232 17 17 17 5 7. Shantou Demon Network Technology Co., Ltd.Demon30% 2,100 Demon Demon 34 II-105
8. 13,154 12,817 621 605 327 301 2,284 1,808 5,343 634 449 376 (1) 1,417 2,465 1,474 977 25,069 19,983 (1) 751 1,417 14,418 17,491 (13,752) (16,443) 1,417 2,465 9. 9.5 8,492,368 16,984,736 4,235 75,030 20,000 12 1,868,726 3,695,337 3,737,452 7,390,674 19,996 II-106
10. 4,444,444 6,900,000 25% 10 307,250 4.75 1,797,300 1.84 3.26 546,400 2.25 139,000 139,000 4.62 210 90 120 3.75%-4.05% 3.59% 2.2-2.8 2.2 57.09%-63.88% 61.2% 0% 0% 2.53-3.26 1.28 (1) (2) II-107
(3) (4) (5) 2,506,300 2.35 546,400 2.25 (175,950) 2.31 (139,000) 4.62 (1,363,700) 2.47 1,374,050 1.98 II-108
1,374,050 1.98 7.49 291 755,550 1.66 7.49 291 494,800 2.37 9.18 1,235 119 253 2.45 1.42 1.28 280 291 5 1,071 2.98 11. 1,820,010 711,571 2,800,300 3,154,800 II-109
2,583,337 2.58 3,154,800 2.22 (1,106,177) 2.27 (1,316,696) 2.12 3,315,264 2.52 3,453 2,123 2,791 4,038 2,227 3,191 7,509 3.02 9 46 185 134 231 580 4,175 2,241 2,431 4,318 2,518 3,196 12. Light In The BoxLanting International LightInTheBox Logistic 16.5% II-110
25% 12.5% 25% 12.5% 69 70 49 2,885 2,650 214 69 132 369 (3,231) (3,088) 10,476 16,232 (10,476) (16,232) II-111
8,642 13,707 5,683 5,993 (618) (380) 13,707 19,320 (4,750) (29,917) (39,324) 25% 25% 25% (1,187) (7,479) (9,831) 225 92 8 (62) (76) (25) (298) 1,291 2,468 4,582 (198) 5,065 5,613 69 70 49 II-112
82 82 25% 10% II-113
13. (4,819) (29,987) (39,407) C 1,621 C C 1,621 LightInTheBox Holding Co., Ltd. (6,440) (29,987) (39,407) (6,440) (29,987) (39,407) (0.09) (0.30) (0.41) (0.09) (0.30) (0.41) C 0.38 C 4,257,266 71,555,449 99,001,560 94,970,054 1,562,850 2,506,300 1,374,050 995,202 2,583,337 3,315,264 14. 5,603 5,544 5,159 II-114
15. 10% 50% 5,089 16. 86,459 138,570 123,113 205,958 243,837 200,650 292,417 382,407 323,763 % % % 182,958 62.5 239,176 62.5 191,361 59.1 54,858 18.8 81,675 21.4 92,430 28.5 54,601 18.7 61,556 16.1 39,972 12.4 292,417 100 382,407 100 323,763 100 II-115
46,136 65,376 77,407 42,504 52,264 41,161 17. 18. 19. (1) 3,005 3,906 4,461 2,286 1,258 842 4,386 II-116
(2) 20. 2098 42,500,000 21,250,000 30% 76,500 7,455,000 3,737,500 2.75 24 76,500 II-117
53,691 10,083 5,802 774 551 57,025 95,259 (72,749) (106,181) 44,543 (288) 1,360 1,835 1,360 1,835 0.000067 750,000,000 100,354,801 101,847,447 96,617,349 94,456,773 7 7 155,872 159,190 (101,608) (141,015) (131) (309) 3,737,452 7,390,674 (10,957) (19,996) 43,183 (2,123) 44,543 (288) II-118
(4,312) (6,949) (6,554) (4,312) (6,949) (6,554) (716) (25,325) (33,570) 209 2,287 717 (4,819) (29,987) (39,407) C (1,621) (6,440) (29,987) (39,407) (4,819) (29,987) (39,407) (89) (12) (178) (4,908) (29,999) (39,585) II-119
(4,819) (29,987) (39,407) 4,318 2,518 3,196 716 25,325 33,570 (2,014) 854 856 1,267 139 (475) (532) (1,151) (2,260) (79,958) (81,557) (14,380) 155,713 20,182 4,316 (12,898) (37,926) (75,642) 61,258 (32,124) 193 230 122 75,030 (10,650) (9,346) (3,127) 72,096 (10,420) (9,224) (4,078) 49,687 (43,608) 8,082 4,004 53,691 4,004 53,691 10,083 II-120
1. 25% 2. 72,749 106,181 716 25,325 33,570 II-121
LIGHTINTHEBOX HOLDING CO., LTD. LITB 14.67(6)(a)(i) 14.67(7) 14.67(6)(a)(i) LITB LITB LITB LITB LITB LITB LITB LITB LITB LITB LITB (a) LITB LITB II-122
(b) LITB LITB (c) (a) (b) LITB LITB LITB LITB 3000 3000 II-123
(i) LITB LITB (ii) LITB LITB (iii) 3000 (i) LITB LITB (ii) LITB (iii) LITB LITB LITB II-124
1) 2) 3) LITB 3000 II-125
292,417 292,417 382,407 382,407 323,763 323,763 (165,267) (165,267) (237,095) (237,095) (207,354) (207,354) 127,150 127,150 145,312 145,312 116,409 116,409 1 (15,963) 22 (15,941) (23,926) 102 (23,824) (22,419) 205 (22,214) 1 (84,245) 42 (84,203) (105,186) 449 (104,737) (91,614) 164 (91,450) 1 (31,929) (272) (32,201) (46,916) 88 (46,828) (41,535) (266) (41,801) (132,137) (208) (132,345) (176,028) 639 (175,389) (155,568) 103 (155,465) (4,987) (208) (5,195) (30,716) 639 (30,077) (39,159) 103 (39,056) (1,556) (1,556) (938) (938) 1,606 1,606 2,355 2,355 773 773 3 (1,369) 662 (707) 2 (97) (97) 3 (299) (299) (4,750) 58 (4,692) (29,917) 639 (29,278) (39,324) 103 (39,221) (69) (69) (70) (70) (49) (49) (34) (34) (4,819) 58 (4,761) (29,987) 639 (29,348) (39,407) 103 (39,304) C 2 (1,621) 1,621 (6,440) 1,679 (4,761) (29,987) 639 (29,348) (39,407) 103 (39,304) II-126
23,745 23,745 75,358 75,358 30,901 30,901 79,958 79,958 5,802 5,802 1,360 1,360 2,267 2,267 1,606 1,606 259 259 695 695 920 920 7,081 7,081 9,845 9,845 11,261 11,261 8,890 8,890 5,189 5,189 5,053 5,053 121,293 121,293 99,156 99,156 49,741 49,741 3,002 3,002 3,664 3,664 2,209 2,209 266 266 249 249 232 232 690 690 690 690 690 690 640 640 708 708 658 658 1,963 1,963 125,891 125,891 104,467 104,467 55,493 55,493 18,677 18,677 25,236 25,236 29,351 29,351 10,263 10,263 10,979 10,979 8,282 8,282 15,560 15,560 25,069 25,069 19,983 19,983 44,500 44,500 61,284 61,284 57,616 57,616 44,500 44,500 61,284 61,284 57,616 57,616 II-127
7 7 7 7 7 7 1,2,3 153,124 132,231 285,355 155,872 132,870 288,742 159,190 132,973 292,163 (10,957) (10,957) (19,996) (19,996) 1,2,3 (71,621) (132,231) (203,852) (101,608) (132,870) (234,478) (141,015) (132,973) (273,988) (119) (119) (131) (131) (309) (309) 81,391 81,391 43,183 43,183 (2,123) (2,123) 125,891 125,891 104,467 104,467 55,493 55,493 1 LITB LITB 2 15 2 IG 11 II-128
LITB 22 102 205 42 449 164 (272) 88 (266) 1,512 1,304 1,943 (1,304) (1,943) (2,046) 2 A B C C C 32 32 (a) (b) A B C AB C LITB 97 132,227 130,703 130,703 (130,703) (130,703) (130,703) C (1,621) II-129
3 32 LITB 299 587 224 224 (224) (224) (224) (662) II-130
III. LITB LITB LITB 1. LITB 2 LITB 2. 3. 4. LITB 5. LITB II-131
LITB 1.64 1.10 1.10 3.84 0.10 0.90 0.10 1.10 1.74 2.00 1.20 4.94 6. LITB 2 10 11 LITB LITB 4,444,444 LITB 6,900,000 LITB 25% LITB II-132
LITB 10 LITB 7. 1 972.8 701.0 670.0 2 972.8 701.0 670.0 II-133
1. 2. II-134
4.29 LightInTheBox Holding Co., Ltd. 42,500,000 30% 7,455,000 (i) (ii) (iii) III-1
4.29 14.67(6)(ii) 1 2 3 224,338 224,338 224,338 12,519,200 12,519,200 12,519,200 89,326 89,326 89,326 477,989 477,989 147,905 625,894 202,504 202,504 202,504 208,659 208,659 208,659 13,244,027 477,989 13,722,016 147,905 13,869,921 1,083,176 1,083,176 1,083,176 14,454 14,454 (14,454) 4,010,176 4,010,176 4,010,176 3,736,630 3,736,630 3,736,630 29,447 29,447 29,447 827,143 827,143 827,143 441,650 441,650 441,650 243,470 243,470 (133,451) 110,019 10,371,692 14,454 10,386,146 (147,905) 10,238,241 153,900 153,900 153,900 10,525,592 14,454 10,540,046 (147,905) 10,392,141 III-2
1 2 3 3,629,542 3,629,542 3,629,542 1,682,081 362,167 2,044,248 2,044,248 130,276 130,276 130,276 186,254 186,254 186,254 15,983 15,983 15,983 5,513,860 492,443 6,006,303 6,006,303 38,231 38,231 38,231 5,552,091 492,443 6,044,534 6,044,534 4,973,501 (477,989) 4,495,512 (147,905) (4,347,607) 18,217,528 18,217,528 18,217,528 4,712,680 4,712,680 4,712,680 19,569 19,569 19,569 3,174,748 3,174,748 3,174,748 7,906,997 7,906,997 7,906,997 10,310,531 10,310,531 10,310,531 29,727 29,727 29,727 9,438,741 9,438,741 9,438,741 9,468,468 9,468,468 9,468,468 842,063 842,063 842,063 10,310,531 10,310,531 10,310,531 III-3
(1) (2) 75,600,000 492,443,000 42,500,000 30% 7,455,000 (i) 492,443 (ii) (14,454) 477,989 (iii) (13,829) (iv) 492,443 478,614 30% (v) (143,584) (vi)(4) 334,405 (i) 75,600,000 492,443,000 55,600,000 362,167,000 20,000,000 130,276,000 III-4
(ii) 7,455,000 2,219,000 14,454,000 (iii) (iv) 42,500,000 7,455,000 75,600,000 492,443,000 (v) 30% 30% (vi) III-5
(3) 7,455,000 3.5% (i) 133,451 (ii) 14,454 147,905 (iii) 478,614 (iv) 133,451 612,065 3.5% (v) (21,422) (vi)(4) 126,483 (i) 20,487,500 133,451,000 7,455,000 2.75 (ii) 2(ii) (iii) 42,500,000 2 (iv) 7,455,000 20,487,500 133,451,000 (v) 3.5% 3.5% (vi) III-6
(4) 36 (i) (ii) 36 3420 36 III-7
III-2 III-7 LightInTheBox Holding Co., Ltd. 4.29 7 III-8
1 4.29(7) 3420 4.29 7 III-9
(a) (b) (c) 4.29(1) III-10
1. 2. XV XV 7 8 352 1 3 8,114,946,000 75.52% 160,344,000 1.49% 1,312,500 0.01% 1 56,613,000 8,058,333,000 2 10,745,577,750 IV-1
XV (a) XV 7 8 (b) 352 (c) 3. XV 2 3 5% (3) 8,058,333,000 74.99% 8,114,946,000 (1) 75.52% 949,224,000 (2) 8.83% Magnolia Wealth International Limited 949,224,000 (2) 8.83% 949,224,000 (2) 8.83% Rich Unicorn Holdings Limited 949,224,000 (2) 8.83% IV-2
(1) 56,613,000 (2) 949,244,000 Rich Unicorn Holdings Limited Magnolia Wealth International Limited 58.76% Magnolia Wealth International Limited 6% (3) 4. 5. 8.10 6. IV-3
7. 8. (a) (b) 9. IV-4
10. (a) (b) (c) Jiang Yong BVI JPL Investment Co., Limited 55% (d) 3,335,200 (e) 12,000,000 (f) IV-5
(g) 10% (h) 10% (i) 53,448,000 (j) 50% (k) 90% (l) 90% IV-6
(m) (n) 11. (a) Cricket Square, Hutchins Drive, P. O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands (b) 2 16 1606 (c) Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House, 24 Shedden Road, George Town Grand Cayman KY1-1110, Cayman Islands (d) 183 22 (e) (f) IV-7
12. 14 2 16 1606 (a) (b) (c) (d) (e) (f) (g) (h) (1) (2) (3) (i) IV-8