F-1/A 1 ea0200557-15.htm REGISTRATION STATEMENT

As filed with the U.S. Securities and Exchange Commission on September 16, 2025.

Registration No. 333-284789

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

____________________

AMENDMENT NO. 5
TO
FORM F-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

____________________

AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C
(Exact Name of Registrant as Specified in its Charter)

Not Applicable
(Translation of Registrant’s Name into English)

____________________

Cayman Islands

 

7900

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(Primary Standard Industrial
Classification Code Number)

 

(I.R.S. Employer
Identification No.)

630 Business Village Block B
Port Saeed Deira, Dubai
United Arab Emirates
+97 142282568
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

____________________

Cogency Global Inc.

122 East 42nd Street, 18th Floor

New York, NY 10168

800-221-0102
(Name, address, including zip code, and telephone number, including area code, of agent for service)

____________________

Copies of all communications, including communications sent to agent for service, should be sent to:

Ying Li, Esq.
Guillaume de Sampigny, Esq.
Hunter Taubman Fischer & Li LLC
950 Third Avenue, 19
th Floor
New York, NY 10022
212-530-2206

 

William S. Rosenstadt, Esq.
Mengyi “Jason” Ye, Esq.
Yuning “Grace” Bai, Esq.
Ortoli Rosenstadt LLP
366 Madison Ave 3
rd Floor
New York, NY 10017
212
-588-0022

____________________

Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box.

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box, and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. 

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box, and list the Securities Act registration number of the earlier effective registration statement for the same offering. 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. 

____________

         The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the U.S. Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

EXPLANATORY NOTE

AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C (the “Company”) is filing this amendment to the registration statement on Form F-1 (Registration No. 333-284789), initially filed on February 7, 2025 (the “Registration Statement”), as an exhibit-only filing solely to file an updated Exhibit 23.1, and to amend and restate the exhibit index set forth in Part II of the Registration Statement. Accordingly, this amendment consists only of the facing page, this explanatory note, Part II of the Registration Statement, the signature pages to the Registration Statement, and the exhibit being filed, and is not intended to amend or delete any part of the Registration Statement except as specifically noted herein. This amendment does not modify any provision of the prospectus constituting Part I of the Registration Statement, and accordingly, such preliminary prospectus has been omitted.

 

Part II — Information Not Required in the Prospectus

Item 6. Indemnification of Directors and Officers.

Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to the public policy, such as providing indemnification against civil fraud or the consequences of committing a crime. Under our Amended and Restated Memorandum and Articles which will become effective immediately prior to the completion of this offering, our directors and officers (but not including our auditors) shall be indemnified and secured harmless against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities sustained by them, other than by reason of their own willful default or fraud, in or about the conduct of the our business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such persons in defending (whether successfully or otherwise) any civil proceedings concerning us or our affairs in any court whether in the Cayman Islands or elsewhere. In addition, we have entered into indemnification agreements with our directors and senior executive officers that provide such persons with additional indemnification beyond that provided in our memorandum and articles of association.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Item 7. Recent Sales of Unregistered Securities.

Set forth below is information regarding ordinary shares (“Ordinary Shares”) issued by us during the last three years. None of the below described transactions involved any underwriters, underwriting discounts or commissions, or any public offering.

 

Purchaser

 

Securities

 

Date of Issuance

 

Number of
Ordinary
Shares
(1)

1(4)

 

Osiris International Cayman Limited

 

Ordinary Shares

 

November 2, 2023

 

1

(2)

2(4)

 

HMDA Limited

 

Ordinary Shares

 

November 2, 2023

 

6,699

 

3(4)

 

HMDC Limited

 

Ordinary Shares

 

November 2, 2023

 

1,320

(3)

4(4)

 

HMDD Limited

 

Ordinary Shares

 

November 2, 2023

 

480

 

5(4)

 

HMDE Limited

 

Ordinary Shares

 

November 2, 2023

 

1,500

 

6(4)

 

HMDA Limited(6)

 

Ordinary Shares

 

January 1, 2024

 

33,493,300

 

7(4)

 

HMDD Limited

 

Ordinary Shares

 

January 1, 2024

 

2,399,520

 

8(4)

 

HMDE Limited

 

Ordinary Shares

 

January 1, 2024

 

7,498,500

 

9(4)

 

HMDF Limited

 

Ordinary Shares

 

January 1, 2024

 

399,920

 

10(4)

 

HMDC Limited(5)

 

Ordinary Shares

 

January 1, 2024

 

6,198,760

 

____________

(1)      The numbers in this table represent our Ordinary Shares prior to the effectiveness of the plan to subdivide our issued and unissued share capital and reclassify it as Class A Ordinary Shares and Class B Ordinary Shares.

(2)      On November 2, 2023, Osiris International Cayman Limited transferred one Ordinary Share it was holding to HMDA Limited.

(3)      On December 27, 2023, HMDC Limited transferred 80 Ordinary Shares it was holding to HMDF Limited.

(4)      On February 18, 2025, and after the share reclassification and redesignation as described in note (6), HMDC Limited transferred 20,000 Class A Ordinary Shares it was holding to HMDF Limited. On the same date, our board of directors approved the irrevocable surrender for nil consideration of (i) 14,740,000 Class B Ordinary Shares held by HMDA Limited, (ii) 3,300,000 Class A Ordinary Shares held by HMDE Limited, (iii) 2,354,000 Class A Ordinary Shares held by HMDC Limited, (iv) 1,056,000 Class A Ordinary Shares held by HMDD Limited, and (v) 550,000 Class A Ordinary Shares held by Pinnacle Partners Inc.

(5)      On May 20, 2024, HMDC Limited transferred 1,250,000 Ordinary Shares it was holding to Pinnacle Partners Inc.

(6)      On September 30, 2024, our directors and shareholders approved the reclassification of our issued and outstanding share capital. Each of our issued and unissued Ordinary Shares, par value of $0.0001 per share, was subdivided into 1,000 shares, par value of $0.0000001 per share. Upon the share subdivision, all of our existing shareholders surrendered, for nil consideration, the additional Ordinary Shares they hold as a result of the subdivision and continued holding the Ordinary Shares registered in their names before the subdivision. After such surrender of Ordinary Shares, all Ordinary Shares held by HMDA Limited were re-designated as Class B Ordinary Shares, and all other issued and outstanding Ordinary Shares were re-designated as Class A Ordinary Shares.

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We believe that the offers, sales and issuances of the securities described in the preceding paragraph were exempt from registration either (a) under Section 4(a)(2) of the Securities Act and the rules and regulations promulgated thereunder, in that the transactions were between an issuer and sophisticated investors or members of its senior executive management and did not involve any public offering within the meaning of Section 4(a)(2), (b) under Regulation S promulgated under the Securities Act in that offers, sales and issuances were not made to persons in the United States and no directed selling efforts were made in the United States, or (c) under Rule 701 promulgated under the Securities Act in that the transactions were underwritten compensatory benefit plans or written compensatory contracts.

Item 8. Exhibits.

(a)     Exhibits

See Exhibit Index beginning on page II-6 of this registration statement.

(b)    Financial Statement Schedules

Schedules have been omitted because the information required to be set forth therein is not applicable or is shown in the Consolidated Financial Statements or the Notes thereto.

Item 9. Undertakings

The undersigned registrant hereby undertakes:

(a)     to provide to the underwriter at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriter to permit prompt delivery to each purchaser;

(b)    insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer, or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue;

(c)     for purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective;

(d)    for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;

(e)     for the purpose of determining liability under the Securities Act to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

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(f)     to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(g)    The undersigned registrant hereby undertakes to file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement, unless the information required to be included in a post-effective amendment by paragraphs (i), (ii) and (iii) below is contained in reports filed with or furnished to the SEC by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of a prospectus filed pursuant to Rule 424(b) that is part of the registration statement:

(i)     to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended;

(ii)    to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the “Filing Fee” table in the effective registration statement; and

(iii)   to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

(h)    for the purpose of determining any liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i)     Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii)    Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii)   The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

(iv)   Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

II-3

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the UAE, on September 16, 2025.

 

AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C

   

By:

 

/s/ Zhengang Tang

       

Name:

 

Zhengang Tang

       

Title:

 

Chief Executive Officer, Director, and Chairman of the Board of Directors (Principal executive officer)

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Name

 

Position

 

Date

/s/ Zhengang Tang

 

Chief Executive Officer, Chairman of the Board of Directors, and Director

 

September 16, 2025

Zhengang Tang

 

(Principal executive officer)

   

/s/ Jihong Chen

 

Director

 

September 16, 2025

Jihong Chen

 

   

/s/ Li Zhang

 

Chief Financial Officer

 

September 16, 2025

Li Zhang

 

(Principal financial and accounting officer)

   

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Authorized U.S. Representative

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C, has signed this registration statement in New York, NY on September 16, 2025.

 

Authorized U.S. Representative

Cogency Global Inc.

   

By:

 

/s/ Colleen A. De Vries

       

Name:

 

Colleen A. De Vries

       

Title:

 

Sr. Vice President on behalf of Cogency Global Inc.

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EXHIBIT INDEX

Exhibit No.

 

Description

1.1*

 

Form of Underwriting Agreement

3.1*

 

Amended and Restated Memorandum and Articles of Association, as currently in effect

4.1*

 

Specimen Certificate for Class A Ordinary Shares

4.2*

 

Form of Representative’s Warrants

5.1*

 

Opinion of Maples and Calder (Hong Kong) LLP

5.2*

 

Opinion of Hunter Taubman Fischer & Li LLC regarding the enforceability of the Representative’s Warrants

5.3*

 

Opinion of Clyde & Co LLP (Dubai Branch) regarding certain UAE law matters

10.1*

 

English Translation of the Form of MICE Management Service Agreement

10.2*

 

English Translation of the Form of One-Stop Tourism Service Agreement

21.1*

 

List of Subsidiaries

23.1**

 

Consent of Onestop Assurance PAC

23.2*

 

Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)

23.3*

 

Consent of Clyde & Co LLP (Dubai Branch) (included in Exhibit 5.3)

23.4*

 

Consent of Hunter Taubman Fischer & Li LLC (included in Exhibit 5.2)

24.1*

 

Powers of Attorney (included on signature page)

99.1*

 

Code of Business Conduct and Ethics of the Registrant

99.2*

 

Consent of Frost & Sullivan

99.3*

 

Audit Committee Charter

99.4*

 

Compensation Committee Charter

99.5*

 

Nominating and Corporate Governance Charter

99.6*

 

Consent of Si Li

99.7*

 

Consent of Simon Hodgson

99.8*

 

Consent of Mohammed Salem Almahri

99.9*

 

Request for Waiver and Representation under Item 8.A.4. of Form 20-F dated March 25, 2024

99.10*

 

Compensation Recovery Policy

107*

 

Filing Fee Table

__________

*        Previously filed

**      Filed herewith

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