Company: LI
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001410578-25-000678
Chunk: 226

Company: Li Auto Inc.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 10
Chunk 226
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 U. S. federal tax law, which is subject to differing interpretations or change, possibly with retroactive effect. There can be no assurance that the IRS or a court will not take a contrary position. This discussion, moreover, does not address the U. S. federal estate, gift, any minimum tax, and other non-income tax considerations, the Medicare tax on certain net investment income, or any state, local or non-U. S. tax considerations, relating to the ownership or disposition of our ADSs or Class A ordinary shares. The following summary does not address all aspects of U. S. federal income taxation that may be important to particular investors in light of their individual circumstances or to persons in special tax situations such as:

  banks and other financial institutions;  

  insurance companies;  

  pension plans;  

  cooperatives;  

  regulated investment companies;  

  real estate investment trusts;  

  broker-dealers;  

  traders that elect to use a mark-to-market method of accounting;  

  certain former U. S. citizens or long-term residents;  

  tax-exempt entities (including private foundations);  

  holders who acquire their ADSs or Class A ordinary shares pursuant to any employee share option or otherwise as compensation;  

  investors that will hold their ADSs or Class A ordinary shares as part of a straddle, hedge, conversion, constructive sale or other integrated transaction for U. S. federal income tax purposes;  

  persons liable for any minimum tax;  

  investors that have a functional currency other than the U. S. dollar;  

  persons that actually or constructively own 10% or more of our stock (by vote or value); or  

  partnerships or other entities or arrangements taxable as partnerships for U. S. federal income tax purposes, or persons holding ADSs or Class A ordinary shares through such entities or arrange...  
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Each U. S. Holder is urged to consult its tax advisor regarding the application of U. S. federal taxation to its particular circumstances, and the state, local, non-U. S. tax, Medicare tax, non-income tax (such as U. S. federal estate or gift tax) and other tax considerations of the ownership and disposition of our ADSs or Class A ordinary shares.

General

For purposes of this discussion, a “ U. S. Holder” is a beneficial owner of