As filed with the Securities and Exchange Commission on July 22, 2011
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Sky-mobi Limited
(Exact name of registrant as specified in its charter)
| Cayman Islands | 7372 | Not Applicable | ||
|
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
10/F, Building B, United Mansion
No. 2, Zijinhua Road, Hangzhou
Zhejiang 310013
People’s Republic of China.
(86-571) 8777-0978
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
2010 Share Incentive Plan
(Full Title of the Plan)
CT Corporation System
111 Eighth Avenue
New York, New York 10011
(212) 894-8940
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Carl Yeung
Chief Financial Officer
10/F, Building B, United Mansion
No. 2, Zijinhua Road, Hangzhou, Zhejiang 310013
People’s Republic of China.
(86-571) 8777-0978
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ¨ | Accelerated filer | ¨ | |||
| Non-accelerated filer | x (Do not check if a smaller reporting company) | Smaller reporting company | ¨ | |||
CALCULATION OF REGISTRATION FEE
| Title of Securities to be Registered |
Amount To be Registered (1) |
Proposed Maximum Offering Price Per Share |
Proposed Maximum Aggregate Offering Price |
Amount Of Registration Fee |
||||
|
Common Shares, $0.00005 par value per share (2) |
11,169,000 shares (3) | $0.26 (3) | $2,903,940 | $338 | ||||
| 3,831,000 shares (4) | $1.14 (4) | $4,367,340 | $508 | |||||
|
Total |
15,000,000 shares (5) | — | — | $846 | ||||
| (1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement includes an indeterminate number of additional shares which may be offered and issued to prevent dilution from stock splits, stock dividends or similar transactions as provided in the above-referenced plan. |
| (2) | These shares may be represented by the Registrant’s ADSs, each of which represents eight common shares. The Registrant’s ADSs issuable upon deposit of the common shares registered hereby have been registered under a separate registration statement on Form F-6 (333-170849). |
| (3) | Represents common shares issuable upon exercise of options granted under the 2010 Share Incentive Plan (the “Plan”). Pursuant to Rule 457(h)(1), the proposed maximum offering price per share for such shares is the weighted average exercise price per share. |
| (4) | Represents common shares reserved for future grants under the 2010 Share Incentive Plan. Pursuant to Rule 457(c) and Rule 457(h)(1), the proposed maximum offering price per share for such shares are based on the average of the high and low prices for the Registrant’s American Depositary Shares (each representing eight common shares), or ADS, as quoted on the Nasdaq Global Market on July 19, 2011. |
| (5) | Any common shares covered by an award granted under the Plan (or portion of an award) which terminates, expires, or lapses for any reason shall be deemed not to have been issued for purposes of determining the maximum aggregate number of common shares which may be issued under 2010 Share Incentive Plan. |
| PART I |
|
Item 2. Registrant Information and Employee Plan Annual Information |
| PART II |
| INFORMATION REQUIRED IN THE REGISTRATION STATEMENT |
| SIGNATURES |
| POWER OF ATTORNEY |
| EXHIBIT INDEX |
| Exh. 5.1 | Opinion of Conyers Dill & Pearman. | |
| Exh. 10.1 | Sky-mobi Limited’s 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Registration Statement on Form F-1 (file no. 333-170707) filed with the Securities and Exchange Commission) on November 26, 2010. | |
| Exh. 23.1 | Consent of Deloitte Touche Tohmatsu CPA Ltd. | |
| Exh. 23.2 | Consent of Conyers Dill & Pearman (included in Exhibit 5.1). | |
| Exh. 24.1 | Power of Attorney (included on signature page hereto). |
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 2. Registrant Information and Employee Plan Annual Information*
| * | Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8. The documents containing information specified in this Part I will be separately provided to the participants covered by the Plan, as specified by Rule 428(b)(1) under the Securities Act. |
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference .
The following documents filed by Sky-mobi Limited (the “Registrant”) with the Securities and Exchange Commission (the “Commission”) are incorporated by reference herein:
(a) The Registrant’s prospectus filed (the “Prospectus”) pursuant to Rule 424(b)(4) under the Securities Act on December 10, 2010, dated December 9, 2010;
(b) The Registrant’s Registration Statement of F-6 (File No. 333-170849) filed with the Commission on November 26, 2010;
(c) The Registrant’s Report of Foreign Private Issuer on Form 6-K (File No. 001-34988) filed with the Commission on February 1, 2011;
(d) The Registrant’s Report of Foreign Private Issuer on Form 6-K (File No. 001-34988) filed with the Commission on February 15, 2011;
(e) The Registrant’s Report of Foreign Private Issuer on Form 6-K (File No. 001-34988) filed with the Commission on March 24, 2011;
(f) The Registrant’s Report of Foreign Private Issuer on Form 6-K (File No. 001-34988) filed with the Commission on April 27, 2011;
(g) The Registrant’s Report of Foreign Private Issuer on Form 6-K (File No. 001-34988) filed with the Commission on May 11, 2011; and
(h) The description of the Registrant’s common shares and ADSs contained in the Registrant’s Registration Statement on Form 8-A (File No. 001-34988) filed with the Commission on November 26, 2010, which incorporates by reference the description of the Registrant’s Common Shares and ADSs set forth under “Description of Share Capital” and Description of American Depositary Shares” in the Registrant’s Registration Statement on Form F-1 (file no. 333-170707) originally filed with the Commission on November 19, 2010.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), subsequent to the effective date of this Registration Statement, prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered hereby have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents. Any statement contained herein or in any document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except as so modified or superseded.
Item 4. Description of Securities .
Not applicable.
Item 5. Interests of Named Experts and Counsel .
Not applicable.
Item 6. Indemnification of Directors and Officers .
Cayman Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Our Third Amended and Restated Memorandum and Articles of Association provide for indemnification of officers and directors for losses, damages, costs and expenses incurred in their capacities as such, except through their own dishonesty, fraud, neglect or default.
Pursuant to indemnification agreements, the form of which is filed as Exhibit 10.2 to our Registration Statement on Form F-1, as amended (Registration No. 333-170707), we agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.
The underwriting agreement, the form of which is filed as Exhibit 1.1 to our Registration Statement on Form F-1, as amended (Registration No. 333-170707), also provides for indemnification of us and our officers and directors.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
Not applicable.
|
Exhibit No. |
Description |
|
| 5.1 | Opinion of Conyers Dill & Pearman. | |
| 10.1 | Sky-mobi Limited’s 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Registration Statement on Form F-1 (file no. 333-170707) filed with the Securities and Exchange Commission). | |
| 23.1 | Consent of Deloitte Touche Tohmatsu CPA Ltd. | |
| 23.2 | Consent of Conyers Dill & Pearman (included in Exhibit 5.1). | |
| 24.1 | Power of Attorney (included on signature page hereto). | |
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if this Registration Statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hangzhou, People’s Republic of China, on July 22, 2011.
| Sky-mobi Limited | ||
| By: |
/s/ Michael Tao Song |
|
| Name: Michael Tao Song | ||
| Title: Chairman and Chief Executive Officer | ||
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, severally and not jointly, each of Mr. Michael Tao Song and Mr. Carl Yeung, with full power to act alone, as his or her true and lawful attorneys-in-fact, with the power of substitution, for and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorneys-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each said attorneys-in-fact may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated and as of July 22, 2011.
|
Signature |
Title |
Date |
||
| Chairman of the Board and Chief | ||||
|
/s/ Michael Tao Song |
Executive Officer | July 22, 2011 | ||
| Name: Michael Tao Song | (principal executive officer) | |||
| Chief Financial Officer | ||||
|
/s/ Carl Yeung |
(principal financial and | July 22, 2011 | ||
| Name: Carl Yeung | accounting officer) | |||
|
/s/ Li Ou |
Director | July 22, 2011 | ||
| Name: Li Ou | ||||
|
/s/ Kui Zhou |
Director | July 22, 2011 | ||
| Name: Kui Zhou | ||||
|
/s/ Wei Zhou |
Director | July 22, 2011 | ||
| Name: Wei Zhou | ||||
|
/s/ Fan Bao |
Director | July 22, 2011 | ||
| Name: Fan Bao | ||||
|
/s/Donald J. Puglisi |
||||
|
Name: Donald J. Puglisi |
Authorized U.S. Representative | July 22, 2011 | ||
|
Title: Managing Director |
||||
|
Puglisi & Associates |
Exhibit 5.1
[Conyers Dill & Pearman Letterhead]
July 22, 2011
Sky-mobi Limited
10/F, Building B, United Mansion
No. 2, Zijinhua Road, Hangzhou
Zhejiang 310013
People’s Republic of China
Dear Sirs,
Re: Sky-mobi Limited (the “Company”)
We have acted as special legal counsel in the Cayman Islands to the Company in connection with a Registration Statement on Form S-8 (the “ Registration Statement ”, which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) filed with the Securities and Exchange Commission (the “ Commission ”) on July 22, 2011 relating to the registration under the United States Securities Act of 1933, as amended (the “ Securities Act ”), of approximately 15,000,000 common shares, par value US$0.00005 per share (the “ Common Shares ”), issuable pursuant to the 2010 Share Incentive Plan of the company (the “ Plan ”).
For the purpose of giving this opinion, we have examined copies of the Registration Statement and the Plan. We have also reviewed the amended and restated memorandum of association and articles of association of the Company, copies of written resolutions of all the shareholders of the Company dated March 1, 2010, September 15, 2010 and November 18, 2010, copies of written resolutions of all the directors of the Company dated March 1, 2010, and copies of meeting minutes of the board dated April 1, 2010 and September 15, 2010 and February 12, 2011 (together, the “ Resolutions ”), a Certificate of Good Standing dated June 6, 2011 (the “ Certificate Date ”) issued by the Register of Companies in relation to the Company and such other documents, and made such enquiries as to questions of law, as we have deemed necessary in order to render the opinion set forth below.
We have assumed (a) the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not certified) of all documents examined by us and the authenticity and completeness of the originals from which such copies were taken, (b) the accuracy and completeness of all factual representations made in the Registration Statement, the Plan, and other documents reviewed by us, (c) that the resolutions contained in the Resolutions remain in full force and effect and have not been rescinded or amended, (d) that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any implication in relation to the opinions expressed herein, (e) that, upon the issue of any Common Shares, the Company has received or will receive payment in full, and (f) that no person is aware of any improper purpose for the issue of the Common Shares.
We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the Cayman Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands. This opinion is issued solely for the purposes of the filing of the Registration Statement and the issue of the Common Shares by the Company pursuant to the Plan and is not to be relied upon in respect of any other matter.
On the basis of, and subject to, the foregoing, we are of the opinions that:
| 1. | As at the Certificate Date, the Company is duly incorporated and existing under the laws of the Cayman Islands in good standing (meaning solely that it has not failed to make any filing with any Cayman Islands government authority or to pay any Cayman Islands government fees or tax which would make it liable to be struck off the Register of Companies and thereby cease to exist under the laws of the Cayman Islands). |
| 2. | When issued and paid for in accordance with the terms of the Plan, the Common Shares will be validly issued, fully paid and non-assessable (which term means when used herein that no further sums are required to be paid by the holders thereof in connection with the issue of such shares). |
We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not admit that we are experts within the meaning of Section 11 of the Securities Act or that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.
Yours faithfully,
|
/s/ Conyer Dill & Pearman |
| Conyers Dill & Pearman |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated November 19, 2010, relating to the financial statements and financial statement schedule of Sky-mobi Limited as of and for each of the three years in the period ended March 31, 2010 (which report expresses an unqualified opinion on the financial statements and financial statement schedule and includes an explanatory paragraph referring to the translation of Renminbi amounts to United States dollar amounts for the convenience of the readers in the United States of America), appearing in Registration Statement No. 333-170707 on Form F-1.
We also consent to the reference to us under the heading “Experts” in such Registration Statement.
|
/s/ Deloitte Touche Tohmatsu CPA Ltd. |
| Deloitte Touche Tohmatsu CPA Ltd. |
July 22, 2011