Summary by Futu AI
Li Auto Inc., a prominent player in China's new energy vehicle market, has announced the completion of its put right offer for the 0.25% Convertible Senior Notes due 2028. The offer, which expired on April 29, 2024, did not result in any notes being surrendered for repurchase. Consequently, an aggregate principal amount of US$862,500,000 of the notes remains outstanding. The notes will continue to be governed by the existing terms of the Indenture. This final amendment to the Schedule TO was filed to satisfy the disclosure requirements under the Securities Exchange Act of 1934. The company's Chief Financial Officer, Tie Li, confirmed the completion of the offer. Li Auto, known for its premium smart electric vehicles and extended-range electric vehicles, maintains a strong focus on innovation in product, technology, and business model to serve its customers.