> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~"؈ ~~ ؈ ~~8#܈ ~~9"܈ ~~7#܈ ~~8"܈ ~~9#܈ ~~3#܈ ~~83ffff̙̙3f3fff3f3f33333f33&CALCULATION OF REGISTRATION FEE&,Investing in the ADSs involves C
PROSPECTUST\PROSPECTUS (1)YuRecent DevelopmentsRecent Developments (1)&6SUMMARY CONSOLIDATED FINANCIAL %SUMMARY CONSOLIDATED FINAN (1)%~SUMMARY CONSOLIDATED FINAN (2)%EBSUMMARY CONSOLIDATED FINAN (3) hNonGAAP Financial MeasurejCAPITALIZATIONCAPITALIZATION (1)DILUTIONDILUTION (1)&SELECTED CONSOLIDATED FINANCIAL&ZSELECTED CONSOLIDATED FINAN (1)&?{SELECTED CONSOLIDATED FINAN (2)&SELECTED CONSOLIDATED FINAN (3)$NonGAAP Financial Measure (1)+RevenueshOperating expenses=Results of Operations Results of Operations (1) ܺResults of Operations (2)%Cash flows and working capitalContractual obligationsSharebased compensationD2OverviewEPassengergrade AAVsgNonpassengergrade AAVs~ Employees
Facilities&ܷDirectors and Executive Officer 2015 Share Incentive PlanPRINCIPAL SHAREHOLDERS$Fees and Expenses`7UNDERWRITINGLUNDERWRITING (1)&bEXPENSES RELATED TO THIS OFFERI&$yINDEX TO CONSOLIDATED FINANCIAL&except for number of shares and&^except for number of shares (1)&except for number of shares (2)&/except for number of shares (3)&>aexcept for number of shares (4)&except for number of shares (5)&Eexcept for number of shares (6)&except for number of shares (7)&Gexcept for number of shares (8)&nexcept for number of shares (9)"ۛCommitment Letter Continued&except for number of share (10)&except for number of share (11)&except for number of share (12)&except for number of share (13)&,except for number of share (14)&Fexcept for number of share (15)&E_except for number of share (16)&wexcept for number of share (17)&except for number of share (18)&9except for number of share (19)&except for number of share (20)&except for number of share (21)&except for number of share (22)& except for number of share (23)&b: except for number of share (24)
T PRCm PRC (1)&Q except for number of share (25)& except for number of share (26)M Unrecognized Tax Benefit& except for number of share (27)& except for number of share (28)&
except for number of share (29)&2
except for number of share (30)&Q
except for number of share (31)&v
except for number of share (32)0
Condensed balance sheets&
Condensed statements of compreh&
Condensed statements of cash fl&except for number of share (33)&Fexcept for number of share (34)&~except for number of share (35)&except for number of share (36)&except for number of share (37)&except for number of share (38)&Lexcept for number of share (39)&$except for number of share (40)&Qexcept for number of share (41)&except for number of share (42)&
except for number of share (43)&(
except for number of share (44)&"E
except for number of share (45)&^
except for number of share (46)&Ww
except for number of share (47)&q
except for number of share (48)&^
except for number of share (49)&
except for number of share (50)&
except for number of share (51)&7except for number of share (52)&$except for number of share (53)&?except for number of share (54)&Zexcept for number of share (55)&qexcept for number of share (56)&Vexcept for number of share (57)&ʮexcept for number of share (58)&Xexcept for number of share (59)&INFORMATION NOT REQUIRED IN PRO>
Exhibit IndexBExhibit Index (1)
l 1,
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }U5}$ }}$ }
EHang Holdings Ltd
F1/A
11/18/2019'CALCULATION OF REGISTRATION FEE
Title of each class of
Proposed
Amount of#securities to be registeredmaximumregistration fee (4) aggregate
offering price (2)(3)4,Class A Ordinary Shares, par value US$0.0001US$100,000,000US$12,980.00
per share (1)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2Kxl`$C[B6*=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }I }$ }}$ }}
$ }}$
EHang Holdings Ltd
F1/A
11/18/2019G?Investing in the ADSs involves risks. See beginning on page 18.
Price to Underwriting
Proceeds to us
Public
DiscountsandCommissions (1)
Per ADS
US$
US$
US$
TotalUS$US$
US$$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,dXL@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves PROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }:}$ }}$
EHang Holdings Ltd
F1/A
11/18/2019
PROSPECTUS PROSPECTUS SUMMARY ~
THE OFFERING
~
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:DATA
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~
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.5SELECTED CONSOLIDATED FINANCIAL AND OPERATING~
>DATA,$MANAGEMENT?S DISCUSSION AND ANALYSIS~
N80OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@Du95%wa{5w^R*=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSRecent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }2}$ }U}$
EHang Holdings Ltd
F1/A
11/18/2019
PROSPECTUS INDUSTRY ~
BUSINESS
~
REGULATION~
MANAGEMENT~
n
PRINCIPAL SHAREHOLDERS
~
"RELATED PARTY TRANSACTIONS~
$DESCRIPTION OF SHARE CAPITAL~
1)DESCRIPTION OF AMERICAN DEPOSITARY SHARES~
'SHARES ELIGIBLE FOR FUTURE SALE~
TAXATION~
UNDERWRITING~
)!EXPENSES RELATED TO THIS OFFERING~
6
LEGAL MATTERS~
:EXPERTS~
>1)WHERE YOU CAN FIND ADDITIONAL INFORMATION~
B2*INDEX TO CONSOLIDATED FINANCIAL STATEMENTSF1$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@Du9eqS
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PROSPECTUSPROSPECTUS (1)Recent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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EHang Holdings Ltd
F1/A
11/18/2019Recent Developments
! For the Nine Months Ended
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }}$ }
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EHang Holdings Ltd
F1/A
11/18/2019Recent Developments
! For the Nine Months Ended
September 30,~
~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4xlV}?2=PF0*8X>
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1) SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
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EHang Holdings Ltd
F1/A
11/18/201991SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA
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11/18/201991SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA
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F1/A
11/18/201991SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA
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EHang Holdings Ltd
F1/A
11/18/2019"NonGAAP Financial Measure
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EHang Holdings Ltd
F1/A
11/18/2019CAPITALIZATION
As of June 30, 2019
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EHang Holdings Ltd
F1/A
11/18/2019CAPITALIZATION
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RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }:}$ }}$ }}$
EHang Holdings Ltd
F1/A
11/18/2019DILUTION Per Ordinary Share Per ADS 
%Assumed initial public offering price
US$
US$
3+Net tangible book value as of June 30, 2019US$US$/'Pro forma net tangible book value afterUS$US$8
0giving effect to the conversion of our preferredshares/'Pro forma as adjusted net tangible bookUS$US$3+value after giving effect to the conversion1)of our preferred shares and this offering/'Amount of dilution in net tangible bookUS$US$/'value to new investors in this offering$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4wj~~=PF0*8X>
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DILUTION!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }} $ }
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EHang Holdings Ltd
F1/A
11/18/2019DILUTION
Average Average
!
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Total Consideration
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Existing shareholders
US$
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }U5}$ }}$ }}
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5
EHang Holdings Ltd
F1/A
11/18/2019:2SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }*}$ }
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EHang Holdings Ltd
F1/A
11/18/2019:2SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA
' For the Year Ended December 31,
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Costs of revenues
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }0}$ }}$ }}
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EHang Holdings Ltd
F1/A
11/18/2019:2SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA
As of December 31,
As of June 30,
~
~
~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }$4}$ }
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EHang Holdings Ltd
F1/A
11/18/2019:2SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA
' For the Year Ended December 31,
) !For the Six Months Ended June 30,
~
~
~
~
RMBRMB
US$
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%Net cash used in operating activities~
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~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2)Contractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }$4}$ }
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$ }}$ }
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!
EHang Holdings Ltd
F1/A
11/18/2019&Cash flows and working capital
' For The Year Ended December 31,
) !For the Six Months Ended June 30,
~
~
~
~
RMBRMB
US$
RMBRMBUS$(in thousands)
%Net cash used in operating activities
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }!}$ }}$ }
}
$ }
}$ }U}$ }$}$
EHang Holdings Ltd
F1/A
11/18/2019Contractual obligations
Total Less than 1
13
35 More than 5
year
years
years
years(in RMB thousands)#Operating lease commitments~
~
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~
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~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hthlvVZNB=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligations
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }$}$ }y}$ }}$
EHang Holdings Ltd
F1/A
11/18/2019 Sharebased compensation Number of Weighted
restricted
averageshare units
fair valueon grant
date
(US$)$Year ended December 31, 2017~
*m4@$Year ended December 31, 2018~
_m4@&Six months ended June 30, 2019~
M9m4@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2Usg<+B =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensationPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }}$ }$
EHang Holdings Ltd
F1/A
11/18/2019Overview
Passenger Transportation
Logistics
Smart City Management
Aerial Media Solutions$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hwS/_SG=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }1}$ }:}$ }U5
1
EHang Holdings Ltd
F1/A
11/18/2019Passengergrade AAVs EHang 216 EHang 116
Commercialization Status3+As of the date of this prospectus, 37 units3+As of the date of this prospectus, one unit
5
have been delivered to customers for testing,
4
,has been delivered to a customer for testing,$training and demonstration purposes./'and training purposes. Currently we are5Currently we are working to obtain regulatory.&working to obtain regulatory approvals.&approvals for commercial operations in/'for commercial operations in China, and5China, and are assisting a customer in Europe4,are assisting a customer in Europe in taking0(in taking steps toward applying for such1)steps toward applying for such approvals.4,approvals. However, we are unable to predict4,However, we are unable to predict the timing%the timing of such approvals.of such approvals.Design80Dual seats, 16 independent motors and propellers.&Single seat, 16 independent motors andover eight arms"propellers over eight armsApplications+#Passenger transportation, logistics+#Passenger transportation, logistics
and others
and othersSpecifications
Maximum speed130 km/h130 km/hDlwk/B,^a=_G !"#$%&'()*+,./0 Cruising speed 100 km/h 100 km/h!!!1")Designed flight time with maximum payload""
21 minutes""
19 minutes###$%Designed flight distance with maximum$
$35 km$
$31 km%payload&&&'Maximum payload''220 kg''140 kg(((*)"Maximum altitude (above sea level)))3,000 meters))3,000 meters***/+'Time to full charge (standard charging)++
? 120 minutes++
? 120 minutes,$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&L@ zgCR.q=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }1}$ }2}$ }2}$ }$4
&
EHang Holdings Ltd
F1/A
11/18/2019 Nonpassengergrade AAVs Falcon B GD 2.0X V100
Design
1
)Fourarm coaxial octorotor configuration
Quadrotor configuration
3
+Quadrotor & fixedwing hybrid configurationApplications.&Surveillance, fire extinguishment, and+#Surveillance and lastmile delivery/'Surveillance, power line inspection andlastmile deliverymediumrange deliveryOperating modes2*Standalone operations; commandandcontrol2*Standalone operations; commandandcontrol2*Standalone operations; commandandcontrolcenter operatedcenter operatedcenter operatedSpecifications
Maximum speed80 km/h40 km/h100 km/h1)Designed flight time with maximum payload
17 minutes
19 minutes1 hour%Designed flight distance with maximum
19 km
10 km
80 kmpayloadMaximum payload5 kg0.45 kg2 kgDlsg(33&d&n[+ !"#$% Time to full charge ? 90 minutes ? 90 minutes ? 90 minutes!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/dui]5=PF0*8X>
@%%$$##
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }$4}$ }U}$ } }$
EHang Holdings Ltd
F1/A
11/18/2019 Employees Function Number
% of Total
Employees3+Research and product development department~
J@ %&Marketing and sales department~
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Fleet formation department
~
~
J
%)!General administration department~
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~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2v
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }U}$ }}$ }}
$ }}$
EHang Holdings Ltd
F1/A
11/18/2019
Facilities
Location Approximate Size Primary Use
Lease Expiration
in Square Meters
Date Guangzhou
Yixiang Technology Park~
foffice, research and
June 30, 2020
development, and
manufacturingNo. 11 Aoti Road~
:office, research and
March 30, 2020development, andtestingHaixinsha area~
:office
July 31, 2020$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4 u.'2bst=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }'}$ }}$ }0
EHang Holdings Ltd
F1/A
11/18/2019( Directors and Executive Officers( Directors and Executive Officers Age Position/Title
Huazhi Hu
~

%Founder, Chairman and Chief ExecutiveOfficerDerrick Yifang Xiong~
z0(Cofounder, Director and Chief Marketing
OfficerJenny Hongwei Lee~
DirectorHaoxiang Hou~
zIndependent DirectorConor Chiahung Yang~
'Independent Director Appointee*Richard Jian Liu~
Chief Financial OfficerEdward Huaxiang Xu~
Chief Strategy Officer$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/40wk_#JJ$YMA=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive OfficerPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a}$ }y}$ }0}$ }a
EHang Holdings Ltd
F1/A
11/18/2019!2015 Share Incentive Plan Name Class A
Date of Grant Date of Expiration
Ordinary Shares
UnderlyingRestricted Share
UnitsEdward Huaxiang Xu *July 1, 2019
June 30, 2029Other employees~
\December 23, 2016December 22, 2026$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.~rfp={oc;=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a/}$ }}$ } }/$
%0000000000 0
000
0000000000000000000EHang Holdings Ltd
F1/A
11/18/2019PRINCIPAL SHAREHOLDERS
Ordinary Shares
.
&Beneficially Owned After This OfferingOrdinary Shares
Class A
Class B
Total% of% of Beneficially Owned Prior
Ordinary
OrdinaryOrdinary
Beneficial Aggregate
to This Offering
Shares
Shares
Shares on an
Ownership
Voting
asConvertedPower***Number %
Basis+#Directors and Executive Officers**:
!"#$%&'()*+,./
Huazhi Hu (1)~
a
F@
Derrick Yifang Xiong (2)~
g333333@
Jenny Hongwei Lee (3)~
%@
Haoxiang Hou * *
Conor ChiaHung Yang ? ? ?
Richard Jian Liu (4)~
XO?
Edward Huaxiang Xu ? ?
/'All Directors and Executive Officers as~
fffffN@
a Group
Principal Shareholders:
"Genesis Rising Limited (1)~
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Ballman Inc. (5)~
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( Entities affiliated with GGV (3)~
%@
'Zhen Partners Fund II, L.P. (6)~
n1ffffff@
D lui
X0MafS 0!0"0#0$0 !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/
P=PF0*8X>
@$$##""
l 3.16
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }y<}$ }7
3
EHang Holdings Ltd
F1/A
11/18/2019Fees and Expenses0 (Persons depositing or withdrawing shares
For :!
or ADS holders must pay :0($5.00 (or less) per 100 ADSs (or portion%Issuance of ADSs, including issuancesof 100 ADSs)/'resulting from a distribution of shares
#
or rights or other property/'Cancellation of ADSs for the purpose of6.withdrawal, including if the deposit agreement
terminates$.05 (or less) per ADS,$Any cash distribution to ADS holders1)A fee equivalent to the fee that would be.&Distribution of securities distributed0(payable if securities distributed to you5to holders of deposited securities (including91had been shares and the shares had been deposited6.rights) that are distributed by the depositaryfor issuance of ADSsto ADS holders0($.05 (or less) per ADS per calendar yearDepositary services%Registration or transfer fees.&Transfer and registration of shares on1)our share register to or from the name of4,the depositary or its agent when you depositor withdraw sharesD lznJc^hPd$X !"#$%&'()*+,./012 "!Expenses of the depositary!!%Cable (including SWIFT) and facsimile""."&transmissions (when expressly provided##!#in the deposit agreement)$$$%%3%+Converting foreign currency to U.S. dollars&&0'(Taxes and other governmental charges the''As necessary1()depositary or the custodian has to pay on0)(any ADSs or shares underlying ADSs, such:*2as stock transfer taxes, stamp duty or withholding
+taxes,,.&Any charges incurred by the depositaryAs necessary1.)or its agents for servicing the deposited/
securities$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/*ch;stcK=PF0*8X>
@221100
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }m)}$
EHang Holdings Ltd
F1/A
11/18/2019UNDERWRITING Name Number of
ADSs Morgan Stanley & Co. LLC*"Credit Suisse Securities (USA) LLC
Needham & Company, LLC
"Tiger Brokers (NZ) LimitedTotal:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0gs7~ x6=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITING!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }0.}$ }I }$ }}$ }m
EHang Holdings Ltd
F1/A
11/18/2019UNDERWRITING
Total
Per ADS
No Exercise
Full ExercisePublic offering priceUS$US$US$.&Underwriting discounts and commissions
to be paid by:
usUS$US$US$( Proceeds, before expenses, to usUS$US$US$$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.ske}qI=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }6}$ }}$
EHang Holdings Ltd
F1/A
11/18/2019)!EXPENSES RELATED TO THIS OFFERING SEC Registration Fee US$
FINRA Fee
5Nasdaq Global Market Market Entry and ListingFee'
Printing and Engraving Expenses
Legal Fees and Expenses$Accounting Fees and Expenses
Miscellaneous
TotalUS$$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6vj^"!dC=PF0*8X>
@
l +e
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }7}$ }}$
+
EHang Holdings Ltd
F1/A
11/18/20192*INDEX TO CONSOLIDATED FINANCIAL STATEMENTS PAGE(S) /
'Report of Independent Registered Public
F2
Accounting Firm6.Consolidated Balance Sheets as of December 31, F3  F6
2017 and 20180(Consolidated Statements of Comprehensive F7  F82*Loss for the Years Ended December 31, 2017and 2018%Consolidated Statements of Changes inF91)Shareholders? Deficit for the Years Ended"December 31, 2017 and 2018%Consolidated Statements of Cash FlowsF10  F111)for the Years Ended December 31, 2017 and~
6.Notes to the Consolidated Financial StatementsF12  F500(Unaudited Interim Condensed ConsolidatedF51  F542*Balance Sheets as of December 31, 2018 and
June 30, 20190(Unaudited Interim Condensed ConsolidatedF55  F560(Statements of Comprehensive Loss for the/'Six Months Ended June 30, 2018 and 20190(Unaudited Interim Condensed ConsolidatedF57%Statement of Changes in Shareholders?Dr lymaUah2_;} !"#$%&'()*1 )Deficit for the Six Months Ended June 30,!
2018 and 20190"(Unaudited Interim Condensed Consolidated"""F58"2#*Statement of Cash Flows for the Six Months$$Ended June 30, 2018 and 20190%(Notes to the Unaudited Interim Condensed%%%F59  F74%)&!Consolidated Financial Statements'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/)J}PD=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }8}$ }}$ }}
$ }}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
Notes
~
~
~
RMB
RMB
US$RMBUS$
Proforma shareholders?
equity
(Unaudited)ASSETS
Current assets:
!Cash and cash equivalents~
>
~
>
~
Shortterm investments~
~
ba
?
?%Accounts receivable, net of allowance~
~
a
~
'
~
7/of RMB124 and RMB392 (US$57) as of December 31,#2017 and 2018, respectively0(Cost and estimated earnings in excess of~
?
~
~
)billingsInventories~
"~
~
6=
~
,$Prepayments and other current assets~
&~
[
~
&
~
"
Total current assets~
~
5
~
Noncurrent assets:
*"Property, plant and equipment, net~
*~
0
~
)
~
b+Intangible assets, net~
N
~
.
~
Dlth\P$$McOc(S] !"#$%&'()*+, Longterm investments ~
: ~

~
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!Deferred tax assets!!~
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~
!!!
!~
!R!!!!!!!!! "Other noncurrent assets"""""" "?"" "
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }8}$ }}$ }}$ }
}
$ }
U}$
1
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
Notes
~
~
~
RMBRMB
US$RMBUS$
Proforma shareholders?
equity(Unaudited)7/LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS?
DEFICIT.&Current liabilities (including current
/'liabilities of the VIE without recourse/'to the primary beneficiary of RMB11,9403+and RMB23,703 (US$3,453) as of December 31,$2017 and 2018, respectively)Shortterm bank loan~
. ?~
"N
~
bAccounts payable~
~
~
^!Customer advances~
~
N\
~
r
.&Accrued expenses and other liabilities~
2~
~
v
~
G%Deferred government subsidies~
B~
B
~
2
!Total current liabilities~
~
.x
~
^
6.Noncurrent liabilities (including noncurrent
/'liabilities of the VIE without recourseDzlth\P
@z00//..
l 3#&.
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }8}$ }$}$ }}
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3
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
Notes
~
~
~
RMB
RMB
US$RMBUS$
Proforma shareholders?
equity
(Unaudited)2*MEZZANINE EQUITY AND SHAREHOLDERS? DEFICIT
Mezzanine equity:2*Series Seed 1 convertible preferred shares~
J~
b
~
b
~
? ?.&(US$0.0001 par value; 7,281,000 shares%authorized, issued and outstanding as4,of December 31, 2017 and 2018, respectively)2*Series Seed 2 convertible preferred shares~
J~
~
~
? ?.&(US$0.0001 par value; 7,281,000 shares%authorized, issued and outstanding as4,of December 31, 2017 and 2018, respectively)2*Series Seed 3 convertible preferred shares~
J~
~
~
? ?.&(US$0.0001 par value; 1,456,200 shares%authorized, issued and outstanding as4,of December 31, 2017 and 2018, respectively)1)Series A redeemable convertible preferred~
J~
~
~
^ ? ?.&shares (US$0.0001 par value; 8,119,0321)shares authorized, issued and outstandingDlth\P$$McfINSX !"#$%&'()*+,./0127 /as of December 31, 2017 and 2018, respectively)1!)Series B redeemable convertible preferred!!~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }U5}$ }I}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
Notes
~
~
~
RMB
RMB
US$RMBUS$
Proforma shareholders?
equity
(Unaudited)'Shareholders? (deficit)/equity:
/'Ordinary shares (par value of US$0.0001~
~
~
1)per share; 441,158,314 shares authorized;0(56,791,800 shares issued and outstanding)!as of December 31, 2017 and 2018).&Class A ordinary shares (US$0.0001 par
~
~
/'value; 1,904,577,337 shares authorized;0(49,237,841 shares issued and outstanding( on a pro forma basis, unaudited).&Class B ordinary shares (US$0.0001 par
~
r~
,$value; 45,422,663 shares authorized,4,issued and outstanding on a pro forma basis,
unaudited)"Additional paidin capital~
~
"q
~
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Y*~
N+Statutory reserves~
F
~
~
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Accumulated deficit~
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~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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Notes
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OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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11/18/20197/except for number of shares and per share data)
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RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }1}$ }$}$ }}$ }U}$}
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$ }
/
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
Entities Date of incorporation/ Place of
Percentage of
Principal activities
establishment
incorporation/
direct or indirect
establishment ownership
Subsidiaries:Direct
Indirect
*"Ehfly Technology Limited (?Ehfly?)December 5, 2014 Hong Kong~
%
?
Product sales
investment holding
/'EHang Intelligent Equipment (Guangzhou)October 15, 2015PRC~
%
?
Research and%Co., Ltd. (?EHang Intelligent? or the
development,?WFOE?)
manufacturing and
product sales
1)Xi?an EHang Tianyu Intelligent Technology
March 8, 2018PRC~
%
?
Logistics solutions"Co., Ltd. (?EHang Tianyu?)
and related
services
Variable Interest Entity
.&Guangzhou EHang Intelligent TechnologyAugust 8, 2014PRC ?
~
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.#&Guangdong EHang Egret Media Technology##July 6, 2016##PRC## #?## #
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }2}$ }}$ }}
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EHang Holdings Ltd
F1/A
11/18/2019%Commitment Letter (Continued)
As of December 31,
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }8}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
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US$LIABILITIES
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Shortterm bank loan ?~
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9
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!Total current liabilities~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }1}$ }}$ }}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
' For the year ended December 31,
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }m)}$ }6}$ }
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data) Category Estimated useful life Residual value
Office equipment
5 years
5%*"Machinery and electronic equipment
310 years
5% Transportation equipment4 years
5%
Leasehold improvements
5
Shorter of lease term or the estimated useful
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a}$ }}$ }$}$}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }y
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
For the year ended
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }%}$ }
}$ }
}
$ }U}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$Accounts receivable~
c~

~
'
Allowance for doubtful accounts
~
~
~
~
a~
'
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0th\Pr#I=1 =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a/}$ } }$ } }
$ }U}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$( Balance at beginning of the year ?~
~
/
'Additional provision charged to expense
~
~
~
f
&Balance at the end of the year~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0Jth\Prs=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a/}$ }$}$ }}
$ }
}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$/'Contracts costs incurred plus estimated ?~
~
A
earningsLess: Progress billings ?~
]
~
^
?~
~
)
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2Ith\Pri, =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }}$ }}$ }}
$ }
}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$
Raw materials~
bb~
3
~
,
Finished goods
~
~
~
%
Inventories, total~
Z~
8
~
RInventories provision~
~
~
~
Inventories, net~
~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6T
th\Pr:3I=1 =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }<(}$ }}$ }
}
$ }U}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$VAT prepayments~
~
^K
~
Staff advances
~
~
:
~
Advance to suppliers~
:J~
=
~
)!Loan to a related party (Note 17) ?~
~
Others~
*~
^3
~
z
~
[~
&
~
"
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6_
th\Pr8>2&=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }m)}$ }
}$ }
}
$ }U}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$Office equipment~
v~
~
*
"Machinery and electronic equipment
~
~
~
^
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Transportation equipment~
~
F"
~
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! Construction in progress~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<th\Pr#i[]=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }I"}$ }
}$ }
}
$ }
}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
~
RMBRMB
US$ Loans from third parties ?~
fq
~
$
Payroll and welfare payables
~
z
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~
"
Other taxes payable~
~
>
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Payables for service fee~
C~
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2
Warranties~
~
V
~
2Payables to suppliers~
z!~
7
~
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~
v
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8;th\Pr"mPvj^6=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }%}$ }
}$ }}
$ }
}$
!
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
For the year ended
December 31,~
~
RMBRMB
US$
Revenues?Products
'Smart city management solutions~
6~
~
REAir mobility solutions ?~
*!
~
Others~
~
~
Subtotal?Products~
~
~
M
Revenues?Services
Aerial media solutions~
V~
~
2GAir mobility solutions ?~
n
~
B
Subtotal?Services~
V~
~
rI
Total Revenues~
>~
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }!}$ }y}$ }}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
Number of Weighted average
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }*}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
For the year ended
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24) PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }I }$ }
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EHang Holdings Ltd
F1/A
11/18/2019PRC
' For the year ended December 31,
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }I }$ }
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EHang Holdings Ltd
F1/A
11/18/2019PRC
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }7}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }6}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of December 31,
~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }+}$ }}$ }}
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EHang Holdings Ltd
F1/A
11/18/2019 Unrecognized Tax Benefit
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }$}$ }a}$ } y}
$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
Name
Issuance Date Original Issuance Number of
Price per
Shares
Share&Series Seed 1 preferred sharesMarch 23, 2015K7A`?~
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March 23, 2015
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!Series A preferred sharesMarch 23, 2015Ș?~
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!Series A preferred sharesAugust 19, 2015Ș?~
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!Series B preferred sharesNovember 20, 2015y):
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!Series B preferred sharesFebruary 23, 2016y):
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!Series C preferred sharesDecember 27, 2016_L@~
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!Series C preferred sharesJune 5, 2017_L@~
!Series C preferred sharesSeptember 20, 2017_L@~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<th\P526<0$=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }%}$ }}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data) Mezzanine equity Series C
preferredsharesRMB%
Balance as of January 1, 2017
~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4th\PuBF
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }*}$ }}$ }$}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
2 *Fair Value Measurements as of December 31,
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }7}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }:}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
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11/18/20197/except for number of shares and per share data) RMB US$ ~
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11/18/2019 Condensed balance sheets
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }$4}$ } }$ } }
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EHang Holdings Ltd
F1/A
11/18/20192*Condensed statements of comprehensive loss
' For the year ended December 31,
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }U5}$ } }$ } }
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EHang Holdings Ltd
F1/A
11/18/2019*"Condensed statements of cash flows
' For the year ended December 31,
~
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~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }8}$ }}$ }}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
Notes
December 31,
June 30,
June 30,
~
~
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RMB
RMB
US$RMBUS$
Proforma shareholders?
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~
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~
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~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }mB}$ }}$ }
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1
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
Notes
December 31,
June 30,
June 30,
~
~
~
RMB
RMB
US$RMBUS$
Proforma shareholders?
equity?7LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS? DEFICIT
.&Current Liabilities (including current
/'liabilities of the VIE without recourse/'to the primary beneficiary of RMB23,7033+and RMB24,669 (US$3,593) as of December 31,.&2018 and June 30, 2019, respectively )Shortterm bank loan~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
Notes
December 31,
June 30,
June 30,
~
~
~
RMB
RMB
US$RMBUS$
Proforma shareholders?
equity2*MEZZANINE EQUITY AND SHAREHOLDERS? DEFICIT
Mezzanine equity:
2*Series Seed 1 convertible preferred shares~
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b
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>~
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RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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Notes
December 31,
June 30,
June 30,
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RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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9
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
) !For the six months ended June 30,
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
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8
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
) !For the six months ended June 30,
Notes
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11/18/20197/except for number of shares and per share data)
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RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }I;}$ }}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
~
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ASSETS
Current assets:
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }8}$ }
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$ }U}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
~
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RMBRMB
US$
Current liabilities:
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!Total current liabilities~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>K
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }1}$ }}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
) !For the six months ended June 30,
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equivalents$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4 th\Pcf=PF0*8X>
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a}$ }}$ }U}$}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }%}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
~
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RMBRMB
US$
Accounts receivable
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a/}$ } }$ } }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }a/}$ }}$ }}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }}$ }}$ }}
$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
~
~
RMBRMB
US$
Raw materials
~
3
~
:z
~
7
Work in progress ?~
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Inventories, total~
8~
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~~
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6=~
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~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:th\PJ:3I=1 =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }<(}$ }<}$ }
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$ }U}$
EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
~
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VAT prepayments~
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FDeferred IPO costs ?~
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~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<Fth\P#>m/{S=PF0*8X>
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }m)}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
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PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }<(}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
As of
December 31,
June 30,
~
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Loans from third parties
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>)
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }%}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
( For the six months ended June 30
~
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RMBRMB
US$Revenues?Products
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }}$ }y}$ }}
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
Number of Weighted average
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }*}$ }U}$ }U}
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F1/A
11/18/20197/except for number of shares and per share data)
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }y#}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data) Mezzanine equity Series C
preferredsharesRMBUS$%
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }*}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
9 1Fair Value Measurements as of June 30, 2019 using
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }7}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }:}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data)
. &For the six months ended June 30, 2019
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexExhibit Index (1)U }*}$ }
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EHang Holdings Ltd
F1/A
11/18/20197/except for number of shares and per share data) RMB US$ +
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)
Exhibit IndexExhibit Index (1)U }1}$ }a}$ }y}
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EHang Holdings Ltd
F1/A
11/18/2019.&INFORMATION NOT REQUIRED IN PROSPECTUS
Securities/Purchaser Date of Issuance Number of
Consideration
Securities!Series C Preferred Shares
Lung Biotechnology PBCDecember 27, 2016~
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US$10,000,000.53
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US$2,014,849.98'United Therapeutics CorporationFebruary 11, 2019~
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US$7,000,000 Ordinary Shares
Ballman Inc.
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July 25, 2019~
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DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PROExhibit Index (1)U }$ }}$ }y<
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EHang Holdings Ltd
F1/A
11/18/2019
Exhibit Index Exhibit Description of Document
Number1.1*&Form of Underwriting Agreement
3.1?.&Fourth Amended and Restated Memorandum6.and Articles of Association of the Registrant,as currently in effect3.2?5Form of Fifth Amended and Restated Memorandum5and Articles of Association of the Registrant6.(effective immediately prior to the completionof this offering)4.1*1)Registrant?s Specimen American Depositary)!Receipt (included in Exhibit 4.3)4.2?%Registrant?s Specimen Certificate forOrdinary Shares4.3*80Form of Deposit Agreement, among the Registrant,1)the depositary and the owners and holders7/of American Depositary Shares issued thereunderD l~r6`Hx&8i&S !"#$%&'()*+,./0123456789:;<=>? !!4.4?!!0!(Second Amended and Restated Shareholders""""2"*Agreement between the Registrant and other####/#'parties thereto dated December 27, 2016$$%%5.1?%%0%(Opinion of Maples and Calder (Hong Kong)&&&&2&*LLP regarding the validity of the ordinary''''2'*shares being registered and certain Cayman(((((Islands tax matters))**8.1?**0*(Opinion of Maples and Calder (Hong Kong)++++0+(LLP regarding certain Cayman Islands tax,,,,),!matters (included in Exhibit 5.1)..8.2?..2.*Opinion of Allbright Law Offices regarding////4/,certain PRC tax matters (included in Exhibit00000X@112
210.1?22!22015 Share Incentive Plan334
410.2?44!42019 Share Incentive Plan556
610.3?6616)Form of Indemnification Agreement between777767.the Registrant and its directors and executive88888officers99:
:10.4?::0:(Form of Employment Agreement between the;;;;;%Registrant and its executive officers<<=
=10.5?==/='English translation of the Shareholders>>>>4>,Voting Proxy Agreement and Power of Attorney????:?2among EHang Intelligent, EHang GZ and shareholdersDl7k8Y=%I9@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@@@*@"of EHang GZ dated January 29, 2016AAB
B10.6?BB6B.English translation of the Amendment AgreementCCCC.C&to Shareholders Voting Proxy AgreementDDDD:D2among EHang Intelligent, EHang GZ and shareholdersEEEE+E#of EHang GZ dated November 30, 2018FFG
G10.7?GG/G'English translation of the Share PledgeHHHHH%Agreement among EHang Intelligent andIIII2I*shareholders of EHang GZ dated January 29,JJJJ~
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L10.8?LL/L'English translation of the Share PledgeMMMMM%Agreement among EHang Intelligent andNNNN/N'shareholders of EHang GZ dated FebruaryOOOOO22, 2019PPQ
Q10.9?QQ7Q/English translation of the Exclusive ConsultingRRRR0R(and Services Agreement and the ExclusiveSSSS4S,Services Agreement between EHang IntelligentTTTT+T#and EHang GZ dated January 29, 2016UUVV10.10?VV/V'English translation of the Amendment toWWWW3W+Exclusive Consulting and Services AgreementXXXX.X&between EHang Intelligent and EHang GZYYYYYdated November 30, 2018ZZ[[10.11?[[3[+English translation of the Exclusive Option\\\\1\)Agreements among EHang Intelligent, EHang]]]]9]1GZ and shareholders of EHang GZ dated January 29,^^^^~
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8`abcdefgh``10.12?``6`.English translation of the Amendment Agreementaaaa2a*to Exclusive Option Agreements among EHangbbbb.b&Intelligent, EHang GZ and shareholderscccc+c#of EHang GZ dated November 30, 2018de$f____________________________1g)Created by Morningstar Document Research.0h(http://documentresearch.morningstar.com/*i]Q)=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??n!CALCULATION OF REGISTRATION FEE!Investing in the ADSs involves
PROSPECTUSPROSPECTUS (1)Recent DevelopmentsRecent Developments (1)!SUMMARY CONSOLIDATED FINANCIAL SUMMARY CONSOLIDATED FINAN (1) SUMMARY CONSOLIDATED FINAN (2) SUMMARY CONSOLIDATED FINAN (3)NonGAAP Financial MeasureCAPITALIZATIONCAPITALIZATION (1)
DILUTIONDILUTION (1)!SELECTED CONSOLIDATED FINANCIAL!SELECTED CONSOLIDATED FINAN (1)!SELECTED CONSOLIDATED FINAN (2)!SELECTED CONSOLIDATED FINAN (3)NonGAAP Financial Measure (1)
RevenuesOperating expensesResults of OperationsResults of Operations (1)Results of Operations (2) Cash flows and working capitalContractual obligationsSharebased compensation
OverviewPassengergrade AAVsNonpassengergrade AAVs Employees
Facilities!Directors and Executive Officer2015 Share Incentive PlanPRINCIPAL SHAREHOLDERSFees and ExpensesUNDERWRITINGUNDERWRITING (1)!EXPENSES RELATED TO THIS OFFERI!INDEX TO CONSOLIDATED FINANCIAL!except for number of shares and!except for number of shares (1)!except for number of shares (2)!except for number of shares (3)!except for number of shares (4)!except for number of shares (5)!except for number of shares (6)!except for number of shares (7)!except for number of shares (8)!except for number of shares (9)Commitment Letter Continued!except for number of share (10)!except for number of share (11)!except for number of share (12)!except for number of share (13)!except for number of share (14)!except for number of share (15)!except for number of share (16)!except for number of share (17)!except for number of share (18)!except for number of share (19)!except for number of share (20)!except for number of share (21)!except for number of share (22)!except for number of share (23)!except for number of share (24)PRC PRC (1)!except for number of share (25)!except for number of share (26)Unrecognized Tax Benefit!except for number of share (27)!except for number of share (28)!except for number of share (29)!except for number of share (30)!except for number of share (31)!except for number of share (32)Condensed balance sheets!Condensed statements of compreh!Condensed statements of cash fl!except for number of share (33)!except for number of share (34)!except for number of share (35)!except for number of share (36)!except for number of share (37)!except for number of share (38)!except for number of share (39)!except for number of share (40)!except for number of share (41)!except for number of share (42)!except for number of share (43)!except for number of share (44)!except for number of share (45)!except for number of share (46)!except for number of share (47)!except for number of share (48)!except for number of share (49)!except for number of share (50)!except for number of share (51)!except for number of share (52)!except for number of share (53)!except for number of share (54)!except for number of share (55)!except for number of share (56)!except for number of share (57)!except for number of share (58)!except for number of share (59)!INFORMATION NOT REQUIRED IN PRO
Exhibit IndexU }$ }I }$ }6
I
EHang Holdings Ltd
F1/A
11/18/2019
Exhibit Index Exhibit Description of Document
Number10.13?0(English translation of the Amendment Two
2
*to Exclusive Option Agreements among EHang.&Intelligent, EHang GZ and shareholders&of EHang GZ dated June 6, 201910.14?4,English translation of the Special Agreement4,in respect of the Contribution of Registered5Capital of EHang GZ (referred to as the ?loan2*agreement? in this prospectus) among EHang.&Intelligent, EHang GZ and shareholders+#of EHang GZ dated February 22, 201910.15#?/'English translation of the Distribution/'Agreement between EHang Intelligent and0(Shanghai Kunxiang Intelligent Technology( Co., Ltd. dated February 1, 201910.16#?1)English translation of the Sales Contract.&between EHang Intelligent and Shanghai,$Kunxiang Intelligent Technology Co.,D
l~r6T2Du2k !"#$%&'()*+,./0123456789:;<=>? # Ltd. dated February 1, 2019!!""10.17#?""1")English translation of the Sales Contract####.#&between EHang Intelligent and Shanghai$$$$,$$Kunxiang Intelligent Technology Co.,%%%%%Ltd. dated June 3, 2019&&''10.18?''5'English translation of the Sales Plan between((((/('EHang Intelligent and Shanghai Kunxiang)))).)&Intelligent Technology Co., Ltd. dated*****August 29, 2019++,
,21.1?,,0,(Principal Subsidiaries of the Registrant..7@..1.)Consent of Ernst & Young Hua Ming LLP, an////0/(independent registered public accounting00000firm112
223.2?2202(Consent of Maples and Calder (Hong Kong)3333%3LLP (included in Exhibit 5.1)445
523.3?5525*Consent of Allbright Law Offices (included66666in Exhibit 99.2)778
824.1?8818)Powers of Attorney (included on signature9999
9page)::;
;99.1?;;2;*Code of Business Conduct and Ethics of the<<<<<
Registrant==>
>99.2?>>2>*Opinion of Allbright Law Offices regarding?????certain PRC law mattersDl%c&yauPt(eM@ABCDEFGH@@A
A99.3?AA#AConsent of Frost & SullivanBBC
C99.4?CC'CConsent of Conor Chiahung YangDE$F____________________________1G)Created by Morningstar Document Research.0H(http://documentresearch.morningstar.com/It=PF0*8X>
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