UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2022

 

Commission file number: 001-40405

 

JIUZI HOLDINGS INC.

(Registrant’s name)

 

No.168 Qianjiang Nongchang Gengwen Road, 15th Floor

Economic and Technological Development Zone

Xiaoshan District, Hangzhou City

Zhejiang Province 310000

People’s Republic of China

(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        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):

 

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):

 

 

 

 

 

 

This current report on Form 6-K is being filed to disclose the home country rule exemption of Jiuzi Holdings Inc. (the “Company”) that it intends to disclose in its annual report on Form 20-F for the fiscal year ended October 31, 2022.

 

As a business company incorporated in the Cayman Islands that is listed on Nasdaq Capital Market (“Nasdaq”), the Company is subject to Nasdaq corporate governance listing standards. Under Nasdaq rules, listed non-U.S. companies may, in general, follow their home country corporate governance practices in lieu of some of the Nasdaq corporate governance requirements. Pursuant to the home country rule exemption set forth under Nasdaq Listing Rule 5620(a), which provides (with certain exceptions not relevant to the conclusions expressed herein) that a Foreign Private Issuer may follow its home country practice in lieu of the requirements of the Nasdaq Marketplace Rule 5600 Series, the Company has elected to be exempt from the following requirement:

 

(a)Nasdaq Marketplace Rule 5620 which provides that (with certain exceptions not relevant to the conclusions expressed herein) each company listing common stock or voting preferred stock, and their equivalents, shall hold an annual meeting of shareholders no later than one year after the end of the company’s fiscal year-end.

 

A copy of the home country rule exemption letter from the Company’s legal counsel is attached hereto as Exhibit 99.1.

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Home Country Exemption Letter

 

1

 

 

SIGNATURE

 

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, thereunto duly authorized.

 

Date: October 31, 2022 JIUZI HOLDINGS INC.
     
  By: /s/ Shuibo Zhang
  Name:   Shuibo Zhang
  Title: Chief Executive Officer and Director
(Principal Executive Officer)

 

 

2

 

 

Exhibit 99.1

 

Our ref ELR/776654-000001/25175125v1
Direct tel +852 3690 7424
Email everton.robertson@maples.com

 

Listing Qualifications

The Nasdaq Stock Market

9600 Blackwell Road

Rockville, MD 20850

 

31 October 2022

 

Dear Sir or Madam

 

Jiuzi Holdings Inc.

 

We act as Cayman Islands counsel to Jiuzi Holdings Inc., an exempted company incorporated in the Cayman Islands (the “Company”).

 

We understand that the Nasdaq Stock Market Marketplace Rules which are in force and effect on the date of this letter contain the following requirements:

 

1.Rule 5620(a) requires that each company listing common stock or voting preferred stock, and their equivalents, shall hold an annual meeting of shareholders no later than one year after the end of the company’s fiscal year-end.

 

We are instructed that the Company would like to follow its home country practice in lieu of the provisions of Rule 5620(a).

 

The Companies Act (As Revised) of the Cayman Islands does not require the Company to follow or comply with the requirements of Rule 5620(a), and the Company’s non-compliance with Rule 5620(a) will not breach any law, public rule or regulation applicable to the Company currently in force in the Cayman Islands.

 

Based upon our review of the amended and restated memorandum and articles of association of the Company as adopted by special resolution passed on 31 October 2020 (the “Memorandum and Articles”), the Memorandum and Articles do not prohibit the Company from following its home country practice in lieu of the requirements of Rule 5620(a).

 

 

 

 

 

We have made no investigation of and express no opinion in relation to the laws, rules or regulations of any jurisdiction other than those of the Cayman Islands. Specifically, we have made no independent investigation of the laws of the State of New York or the Nasdaq Stock Market Marketplace Rules, and we express no opinion as to the meaning, validity or effect of the Nasdaq Stock Market Marketplace Rules. This advice is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands. This advice is issued solely for your benefit and is not to be relied upon by any other person, firm or entity or in respect of any other matter.

 

The Company has advised us that, as required by Rule 5615(a)(3), the Company intends to disclose in its annual report on Form 20-F each requirement of the Rule 5600 Series that it does not follow and describe the home country practice followed in lieu of such requirements.

 

Yours faithfully

 

/s/ Maples and Calder (Hong Kong) LLP

Maples and Calder (Hong Kong) LLP