Atour Lifestyle Holdings Limited Announces Pricing of Registered Secondary Offering of American Depositary Shares by Legend Capital

Core Viewpoint - Atour Lifestyle Holdings Limited announced a secondary offering of 10,000,000 American depositary shares (ADSs) at a price of US$16.90 per ADS, which will raise approximately US$169 million for Legend Capital, the selling shareholder [1][2]. Group 1: Secondary Offering Details - The secondary offering consists of 10,000,000 ADSs, each representing three Class A ordinary shares, priced at US$16.90 per ADS [1]. - Legend Capital will not provide any proceeds to the company from this sale, and the gross proceeds to Legend Capital will be approximately US$169 million, assuming no additional ADSs are purchased by underwriters [2]. - The underwriters have a 30-day option to purchase up to 1,500,000 additional ADSs from Legend Capital [1][2]. Group 2: Ownership and Management Changes - Following the completion of the secondary offering, Legend Capital will own approximately 7.6% of the company's issued and outstanding share capital [2]. - Mr. Hongbin Zhou, a director appointed by Legend Capital, has resigned from his position effective upon the completion of the secondary offering [2]. Group 3: Underwriters and Registration - BofA Securities, Inc., CMB International Capital Limited, and Citigroup Global Markets Inc. are acting as joint bookrunners for the secondary offering [3]. - The offering is made under an effective shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission [4]. Group 4: Company Overview - Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, recognized as the upper midscale hotel chain and the first Chinese hotel chain to develop scenario-based retail business [6]. - The company is focused on innovation within the hospitality industry and aims to build new lifestyle brands around its hotel offerings [6].