Company: BLTE
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117702
Chunk: 74

Company: BELITE BIO, INC
Filing Date: 2025-12-02
Form: 424B5
Chunk 74
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daq Capital Market on January 24, 2025, was $59.42.

Investing in our securities involves risks. We are a holding company incorporated in the Cayman Islands. As a holding company with no material operations of our own, we conduct operations primarily through our direct and indirect wholly owned subsidiaries. The securities offered in this prospectus are securities of our Cayman Islands holding company, not of our operating subsidiaries. In addition, we are a “controlled company” as defined under the Nasdaq Stock Market Rules. Lin Bioscience International Ltd., our principal shareholder, holds more than 50% of the shareholder voting power of our outstanding share capital, and can exert substantial influence over matters such as electing directors and approving material mergers, acquisitions, strategic collaborations or other business combination transactions. For so long as we remain a controlled company as defined under that rule, we are exempt from, and our shareholders generally are not provided with the benefits of, some of the Nasdaq Stock Market corporate governance requirements, including that our board be comprised of a majority of independent directors.

You should carefully consider the risks incorporated by reference under the heading “Risk Factors” on page 11of this prospectus, in any accompanying prospectus supplement or in the documents incorporated by reference into this prospectus or any accompanying prospectus supplement before making a decision to invest in our securities.

This prospectus may not be used to offer or sell any securities unless accompanied by a prospectus supplement.

Neither the United States Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.**

#### This prospectus is dated January 27, 2025.
TABLE OF CONTENTS

TABLE OF CONTENTS

| ​                                                         | ​ | ​ | Page |   |    |   | ​ |
| ABOUT THIS PROSPECTUS                                     | ​ | ​ | ​    | ​ |  1 | ​ | ​ |
| OUR COMPANY                                               | ​ | ​ | ​    | ​ |  3 | ​ | ​ |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS | ​ | ​ | ​    | ​ |  9 | ​ | ​ |
| RISK FACTORS                                              | ​ | ​ | ​    | ​ | 11 | ​ | ​ |
| USE OF PROCEEDS                                           | ​ | ​ | ​    | ​ | 12 | ​ | ​ |
|