Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 244

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 14
Chunk 244
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ITEM 14.   MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
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14.A. – 14.D. Material Modifications to the Rights of Security Holders
See “Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.

14.E.   Use of Proceeds
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The following “Use of Proceeds” information relates to the registration statement on Form F-1 (File No. 333-275427), as amended, in connection with the initial public offering of 24,150,000 ADSs (taking into account the full exercise of the over-allotment option of 3,150,000 ADSs) representing 241,500,000 of our ordinary shares at a public offering price of US$21.00 per ADS. The registration statement was declared effective by the SEC on May 9, 2024, and our initial public offering closed in May 2024. Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited, and China International Capital Corporation Hong Kong Securities Limited were the representatives of the underwriters for our initial public offering. The aggregate offering amount registered and sold, including the amount registered and sold for the exercise of the over-allotment option, was US$507.2 million.
We received net proceeds of US$479.6 million from our initial public offering and the exercise of the over-allotment option. For the period from May 9, 2024, the date that the registration statement on Form F-1 was declared effective by the SEC to December 31, 2024, our expenses incurred and paid to others in connection with the issuance and distribution of the ADSs in our offering totaled US$27.6 million, which included US$16.6 million for underwriting discounts and commissions and US$11.0 million for other expenses. None of the expenses included payments to directors or officers of our Company or their associates, persons owning more than 10% or more of our equity securities or our affiliates. None of the net proceeds from the initial public offering and the exercise of the over-allotment option were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates. 
We have used all net proceeds from our IPO in the manners set forth in our IPO prospectus, including for the development of more