UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

Form 6-K/A

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2019

 

Commission File Number 001-38737

 

 

 

TuanChe Limited

(Exact name of registrant as specified in its charter)

 

 

 

9F, Ruihai Building, No. 21 Yangfangdian Road

Haidian District

Beijing 100038, People’s Republic of China

(86-10) 6398-2942

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨ 

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨ 

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 

 

 

EXPLANATORY NOTE

 

This Amendment No.1 (the “Amendment”) to the report of foreign private issuer on Form 6-K originally furnished by TuanChe Limited (the “Company”) with the Securities and Exchange Commission on March 28, 2019 is being furnished to correct an error contained in our previously issued unaudited consolidated statements of operations.

 

As a result of the rectification, the line item of “net loss attributable to the TuanChe Limited’s ordinary shareholders per share from continuing operations - basic” will be amended from RMB(0.81) (US$(0.12)) to RMB(0.90) (US$(0.13)) in 2018, and the line item of “net loss attributable to the TuanChe Limited’s ordinary shareholders per share from continuing operations – diluted” will be amended from RMB(0.81) (US$(0.12)) to RMB(0.90) (US$(0.13)) in 2018.

 

For ease of reference, the Company is furnishing the corrected unaudited consolidated statement of operations for the 2018 fiscal year with this Form 6-K.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    TuanChe Limited
     
Date: April 25, 2019   By: /s/ Zhihai Mao
        Name: Zhihai Mao
        Title: Chief Financial Officer

 

 

 

 

Exhibit Index

 

Exhibit Number  Description
    
99.1  Unaudited consolidated statements of operations for the fiscal year of 2018.

 

 

 

 

Exhibit 99.1

  

TUANCHE LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS

(Amount in thousands, except per share data)

 

    For the year ended December 31,  
    2017     2018  
    RMB    

RMB

Unaudited 

   

US$

Unaudited 

 
                   

Continuing operations

Net revenues

                       
Auto shows     263,928       644,252       93,703  
Group-purchase facilitation     16,738       -       -  
Virtual dealership, demand-side platform and others     -       6,761       983  
Total net revenues     280,666       651,013       94,686  
                         
Cost of revenues     (85,742 )     (183,369 )     (26,670 )
                         
Gross profit     194,924       467,644       68,016  
Operating expenses:                        
Selling and marketing expenses     (223,249 )     (432,059 )     (62,840 )
General and administrative expenses     (27,491 )     (84,360 )     (12,270 )
Research and development expenses     (15,925 )     (19,262 )     (2,802 )
Total operating expenses     (266,665 )     (535,681 )     (77,912 )
Loss from continuing operations     (71,741 )     (68,037 )     (9,896 )
Other expenses:                        
Interest expenses, net     (2,416 )     (3,146 )     (458 )
Exchange (loss)/gain     (199 )     1,063       155  
Investment loss     -       (660 )     (96 )
Change in fair value of warrant     (1,390 )     (3,843 )     (559 )
Others, net     52       (465 )     (66 )
Loss from continuing operations before income taxes     (75,694 )     (75,088 )     (10,920 )
Income tax expense     -       -       -  
Net loss from continuing operations     (75,694 )     (75,088 )     (10,920 )
Discontinued operations                        
Gain from disposal of discontinued operations before income taxes     -       771       112  
Loss from discontinued operations before income taxes     (14,977 )     (4,383 )     (637 )
Income tax expense, net     -       -       -  
Net loss from discontinued operations     (14,977 )     (3,612 )     (525 )
Net loss     (90,671 )     (78,700 )     (11,445 )

 

 

 

 

TUANCHE LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS (Continued)

(Amount in thousands, except per share data)      

 

   For the year ended December 31, 
   2017   2018 
  

RMB

  

RMB

Unaudited 

  

US$

Unaudited 

 
             
Accretions to preferred shares redemption value   (20,945)   (35,066)   (5,100)
Net loss attributable to the TuanChe Limited’s shareholders   (111,616)   (113,766)   (16,545)
Net loss   (90,671)   (78,700)   (11,445)
Other comprehensive (loss)/income:               
Foreign currency translation adjustments   (1,367)   3,401    495 
Total other comprehensive (loss)/income   (1,367)   3,401    495 
Total comprehensive loss   (92,038)   (75,299)   (10,950)
Accretions to preferred shares redemption value   (20,945)   (35,066)   (5,100)
Comprehensive loss attributable to the TuanChe Limited's  shareholders   (112,983)   (110,365)   (16,050)
Net loss attributable to the TuanChe Limited’s ordinary shareholders per share from continuing operations               
Basic   (1.02)   (0.90)   (0.13)
Diluted   (1.02)   (0.90)   (0.13)
Net loss attributable to the TuanChe Limited’s ordinary shareholders per share from discontinuing operations               
Basic   (0.16)   (0.03)   (0.004)
Diluted   (0.16)   (0.03)   (0.004)
Weighted average number of ordinary shares               
Basic   94,870,580    121,938,427    121,938,427 
Diluted - continuing operations   94,870,580    121,938,427    121,938,427 
Diluted - discontinuing operations   94,870,580    121,938,427    121,938,427