UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

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

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2020

 


 

Commission File Number: 001-36396

 


 

LEJU HOLDINGS LIMITED

 

Level G, Building G, No.8 Dongfeng South Road,

Chaoyang District, Beijing 100016

The People’s Republic of China

(Address of principal executive offices)

 

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

 

Form 20-F x       Form 40-F o

 

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

 

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

 

 

 


 

SIGNATURE

 

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

 

 

Leju Holdings Limited

 

 

 

 

 

By

:

/s/ Li-Lan Cheng

 

Name

:

Li-Lan Cheng

 

Title

:

Acting Chief Financial Officer

 

 

Date: November 24, 2020

 

[Signature Page to 6-K]

 

2


 

Exhibit Index

 

Exhibit 99.1 — Press Release

 

Exhibit 99.2 — Notice of Annual General Meeting

 

3


Exhibit 99.1

 

Leju Reports Third Quarter 2020 Results and Issues Notice of Annual General Meeting

 

BEIJING, November 23, 2020 — Leju Holdings Limited (“Leju” or the “Company”) (NYSE: LEJU), a leading e-commerce and online media platform for real estate and home furnishing industries in China, today announced its unaudited financial results for the fiscal quarter and nine months ended September 30, 2020.

 

Third Quarter 2020 Financial Highlights

 

·                      Total revenues increased by 13% year-on-year to $209.4 million.

 

·                      Revenues from e-commerce services increased by 12% year-on-year to $172.4 million.

·                      Revenues from online advertising services increased by 17% year-on-year to $36.7 million.

 

·                      Net income attributable to Leju Holdings Limited shareholders was $11.7 million, or $0.08 per diluted American depositary share (“ADS”), an increase of 5% from $11.2 million, or $0.08 per diluted ADS, for the same quarter of 2019

 

·                      Non-GAAP1 net income attributable to Leju Holdings Limited shareholders was $14.7 million, or $0.11 per diluted ADS, an increase of 4% from $14.1 million, or $0.10 per diluted ADS, for the same quarter of 2019.

 

First Nine Months 2020 Financial Highlights

 

·                      Total revenues increased by 5% year-on-year to $489.1 million.

 

·                      Revenues from e-commerce services increased by 4% year-on-year to $377.8 million.

·                      Revenues from online advertising services increased by 9% year-on-year to $110.7 million.

 

·                      Income from operations was $14.0 million, an increase of 61% from $8.7 million for the same period of 2019.

 

·                      Non-GAAP income from operations was $24.8 million, an increase of 25% from $19.9 million for the same period of 2019.

 

·                      Net income attributable to Leju Holdings Limited shareholders was $13.2 million, or $0.10 per diluted ADS, an increase of 88% from $7.0 million, or $0.05 per diluted ADS for the same period of 2019.

 

·                      Non-GAAP net income attributable to Leju Holdings Limited shareholders was $21.9 million, or $0.16 per diluted ADS, an increase of 38% from $15.9 million, or $0.12 per diluted ADS for the same period of 2019.

 

“We maintained strong momentum for our business development in the third quarter as we realized healthy growth in our advertising and e-commerce business,” said Mr. Geoffrey He, Leju’s chief executive officer. “During the third quarter we successfully held our ‘Suning & Leju 818 Summer Storm’ sale. In September, our affiliate company E-House and Alibaba jointly launched the Tmall Housing platform and the real estate transaction cooperation mechanism or ETC. As part of this, Leju, together with Tmall Housing, Suning e-buy and E-House, jointly launched the ‘Double 11 - Tmall Housing 10 Billion Subsidy’ promotion during the Double 11 period. These activities have received strong industry recognition, especially the “Double 11” promotion, which involved 302 brands and over 2,000 real estate projects. The success of these activities further highlights Leju’s multi-channel digital marketing capabilities, takes the development of our advertising and e-commerce business to the next level and further solidifies Leju’s position in the real-estate marketing industry as the leader in providing comprehensive solutions throughout the value chain.”

 


1    Leju uses in this press release the following non-GAAP financial measures: (1) income (loss) from operations, (2) net income (loss), (3) net income (loss) attributable to Leju shareholders, (4) net income (loss) attributable to Leju shareholders per basic ADS, and (5) net income (loss) attributable to Leju shareholders per diluted ADS, each of which excludes share-based compensation expense, amortization of intangible assets resulting from business acquisitions and income tax impact on the share-based compensation expense, amortization of intangible assets resulting from business combinations. See “About Non-GAAP Financial Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results” below for more information about the non-GAAP financial measures included in this press release.

 

Page 1


 

“In the fourth quarter, Leju will hold a series of influential annual events marking Double 12. We look forward to building on the momentum of Double 11, further enhancing our influence in the industry, increasing product innovation, and significantly improving the client coverage and service level as we end the year on a strong note and begin to prepare for 2021.”

 

Third Quarter 2020 Results

 

Total revenues were $209.4 million, an increase of 13% from $185.4 million for the same quarter of 2019, mainly due to an increase in revenues from e-commerce services and online advertising services.

 

Revenues from e-commerce services were $172.4 million, an increase of 12% from $153.4 million for the same quarter of 2019, primarily due to an increase in the number of discount coupons redeemed.

 

Revenues from online advertising services were $36.7 million, an increase of 17% from $31.5 million for the same quarter of 2019, primarily due to an increase in property developers’ demand for online advertising

 

Revenues from listing services were $0.3 million, a decrease of 45% from $0.5 million for the same quarter of 2019, primarily due to a decrease in secondary real estate brokers’ demand.

 

Cost of revenues was $14.8 million, an increase of 12% from $13.2 million for the same quarter of 2019, primarily due to increased cost of advertising resources purchased from media platforms related to the Company’s online advertising business.

 

Selling, general and administrative expenses were $181.8 million, an increase of 16% from $157.0 million for the same quarter of 2019, primarily due to increased marketing expenses related to the Company’s e-commerce business.

 

Income from operations was $12.9 million, a decrease of 18% from $15.8 million for the same quarter of 2019. Non-GAAP income from operations was $16.6 million, a decrease of 15% from $19.5 million for the same quarter of 2019.

 

Net income was $11.9 million, an increase of 5% from $11.3 million for the same quarter of 2019. Non-GAAP net income was $14.9 million, an increase of 4% from $14.2 million for the same quarter of 2019.

 

Net income attributable to Leju Holdings Limited shareholders was $11.7 million, or $0.08 per diluted ADS, an increase of 5% from $11.2 million, or $0.08 per diluted ADS, for the same quarter of 2019. Non-GAAP net income attributable to Leju Holdings Limited shareholders was $14.7 million, or $0.11 per diluted ADS, an increase of 4% from $14.1 million, or $0.10 per diluted ADS, for the same quarter of 2019.

 

First Nine Months 2020 Results

 

Total revenues were $489.1 million, an increase of 5% from $465.8 million for the same period of 2019, mainly due to an increase in revenues from e-commerce services and online advertising services.

 

Revenues from e-commerce services were $377.8 million, an increase of 4% from $362.6 million for the same period of 2019, primarily due to an increase in the number of discount coupons redeemed, partially offset by a decrease in the average price per discount coupon redeemed.

 

Page 2


 

Revenues from online advertising services were $110.7 million, an increase of 9% from $101.8 million for the same period of 2019, primarily due to an increase in property developers’ demand for online advertising.

 

Revenues from listing services were $0.6 million, a decrease of 54% from $1.4 million for the same period of 2019, primarily due to a decrease in secondary real estate brokers’ demand.

 

Cost of revenues was $56.0 million, an increase of 2% from $55.1 million for the same period of 2019, primarily due to increased cost of advertising resources purchased from media platforms related to the Company’s online advertising business.

 

Selling, general and administrative expenses were $419.5 million, an increase of 4% from $403.0 million for the same period of 2019, primarily due to increased marketing expenses related to the Company’s e-commerce business.

 

Income from operations was $14.0 million, an increase of 61% from $8.7 million for the same period of 2019. Non-GAAP income from operations was $24.8 million, an increase of 25% from $19.9 million for the same period of 2019.

 

Net income was $13.8 million, an increase of 87% from $7.4 million for the same period of 2019. Non-GAAP net income was $22.5 million, an increase of 38% from $16.2 million for the same period of 2019.

 

Net income attributable to Leju Holdings Limited shareholders was $13.2 million, or $0.10 per diluted ADS, an increase of 88% from $7.0 million, or $0.05 per diluted ADS for the same period of 2019. Non-GAAP net income attributable to Leju Holdings Limited shareholders was $21.9 million, or $0.16 per diluted ADS, an increase of 38% from $15.9 million, or $0.12 per diluted ADS for the same period of 2019.

 

Cash Flow

 

As of September 30, 2020, the Company’s cash and cash equivalents and restricted cash were $273.8 million.

 

Third quarter 2020 net cash used in operating activities was $4.4 million, primarily comprised of a decrease in amounts due to related parties of $30.7 million, an increase in amounts due from related parties of $16.3 million and an increase in accounts receivable of $15.3 million, partially offset by non-GAAP net income of $14.9 million, an increase in other current liabilities and accrued expenses of $23.1 million, an increase in income tax payable and other tax payable of $7.7 million, and a decrease in customer deposits of $12.0 million.

 

Business Outlook

 

The Company estimates that its total revenues for the fourth quarter of 2020 will be approximately $230 million to $250 million, which would represent an increase of approximately 1% to 10% from $226.8 million in the same quarter in 2019. This forecast reflects the Company’s current and preliminary view, which is subject to change.

 

Leju to Hold Annual General Meeting on December 21, 2020

 

Leju announced that it will hold its annual general meeting of shareholders (the “AGM”) at Room 1120, 11/F, Yinli Building, No. 383 Guangyan Road, Shanghai, the People’s Republic of China on December 21, 2020 at 10:00AM (local time). No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Company’s ADSs to discuss Company affairs with management.

 

Holders of record of the Company’s ordinary shares at the close of business on November 30, 2020 (Eastern Daylight Time) are entitled to receive notice of and attend the annual general meeting or any adjournment or postponement thereof. Holders of the Company’s ADSs are welcome to attend the AGM in person.

 

The notice of the annual general meeting is available on the Company’s website at http://ir.leju.com.

 

Page 3


 

Conference Call Information

 

Leju’s management will host an earnings conference call on November 23, 2020 at 6 a.m. U.S. Eastern Time (7 p.m. Beijing/Hong Kong time).

 

Please register in advance of the conference using the link provided below and dial in 10 minutes prior to the call, using participant dial-in numbers, Direct Event passcode and unique registrant ID which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.

 

PRE-REGISTER LINK: http://apac.directeventreg.com/registration/event/4452418

 

CONFERENCE ID: 4452418

 

A replay of the conference call may be accessed by phone at the following number until December 1, 2020:

 

U.S./International:

+1-855-452-5696

Hong Kong:

+800-963-117

Mainland China:

400-632-2162

Passcode:

4452418

 

Additionally, a live and archived webcast will be available at http://ir.leju.com.

 

About Leju

 

Leju Holdings Limited (“Leju”) (NYSE: LEJU) is a leading e-commerce and online media platform for real estate and home furnishing industries in China, offering real estate e-commerce, online advertising and online listing services. Leju’s integrated online platform comprises various mobile applications along with local websites covering more than 380 cities, enhanced by complementary offline services to facilitate residential property transactions. In addition to the Company’s own websites, Leju operates the real estate and home furnishing websites of SINA Corporation, and maintains a strategic partnership with Tencent Holdings Limited. For more information about Leju, please visit http://ir.leju.com.

 

Safe Harbor: Forward-Looking Statements

 

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook” and similar statements. Leju may also make written or oral forward-looking statements in its reports filed or furnished with the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Leju’s beliefs and expectations, are forward-looking statements that involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained, either expressly or impliedly, in any of the forward-looking statements. Such factors include, but are not limited to, fluctuations in China’s real estate market; the highly regulated nature of, and government measures affecting, the real estate and internet industries in China; Leju’s ability to compete successfully against current and future competitors; its ability to continue to develop and expand its content, service offerings and features, and to develop or incorporate the technologies that support them; its reliance on SINA and others with which it has developed, or may develop in the future, strategic partnerships; substantial revenue contribution from a limited number of real estate markets; and relevant government policies and regulations relating to the corporate structure, business and industry of Leju. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

 

Page 4


 

About Non-GAAP Financial Measures

 

To supplement Leju’s consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Leju uses in this press release the following non-GAAP financial measures: (1) income (loss) from operations, (2) net income (loss), (3) net income (loss) attributable to Leju shareholders, (4) net income (loss) attributable to Leju shareholders per basic ADS, and (5) net income (loss) attributable to Leju shareholders per diluted ADS, each of which excludes share-based compensation expense, amortization of intangible assets resulting from business acquisitions, and income tax impact on the share-based compensation expense and amortization of intangible assets resulting from business combinations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

 

Leju believes that these non-GAAP financial measures provide meaningful supplemental information to investors regarding its operating performance by excluding share-based compensation expense and amortization of intangible assets resulting from business acquisitions, which may not be indicative of Leju’s operating performance. These non-GAAP financial measures also facilitate management’s internal comparisons to Leju’s historical performance and assist its financial and operational decision making. A limitation of using these non-GAAP financial measures is that share-based compensation expense and amortization of intangible assets resulting from business acquisitions may continue to exist in Leju’s business for the foreseeable future. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables provide more details on the reconciliation between non-GAAP financial measures and their most comparable GAAP financial measures.

 

For investor and media inquiries please contact:

 

Ms. Christina Wu

Leju Holdings Limited

Phone: +86 (10) 5895-1062

E-mail: ir@leju.com

 

Philip Lisio

Foote Group

Phone: +86 135-0116-6560

E-mail: phil@thefootegroup.com

 

Page 5


 

LEJU HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

 

 

 

December 31,

 

September 30,

 

 

 

2019

 

2020

 

ASSETS

 

 

 

 

 

Current assets

 

 

 

 

 

Cash and cash equivalents

 

159,012

 

270,840

 

Restricted cash

 

 

2,993

 

Accounts receivable, net

 

147,638

 

202,824

 

Contract assets

 

830

 

604

 

Marketable securities

 

3,438

 

4,406

 

Prepaid expenses and other current assets

 

5,436

 

6,285

 

Customer deposits

 

57,174

 

11,107

 

Amounts due from related parties

 

9,673

 

17,653

 

Total current assets

 

383,201

 

516,712

 

Property and equipment, net

 

18,108

 

16,813

 

Intangible assets, net

 

45,581

 

36,926

 

Right-of-use assets

 

26,776

 

25,651

 

Investment in affiliates

 

53

 

22

 

Deferred tax assets

 

49,311

 

50,513

 

Other non-current assets

 

1,450

 

1,339

 

Total assets

 

524,480

 

647,976

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

 

 

 

 

 

Current liabilities

 

 

 

 

 

Accounts payable

 

1,523

 

4,141

 

Accrued payroll and welfare expenses

 

32,787

 

29,766

 

Income tax payable

 

56,691

 

62,473

 

Other tax payable

 

20,056

 

23,068

 

Amounts due to related parties

 

4,407

 

23,401

 

Advance from customers

 

34,246

 

104,512

 

Lease liabilities, current

 

5,189

 

5,390

 

Accrued marketing and advertising expenses

 

49,830

 

61,486

 

Other current liabilities

 

32,784

 

25,778

 

Total current liabilities

 

237,513

 

340,015

 

Lease liabilities, non-current

 

22,866

 

21,659

 

Deferred tax liabilities

 

11,742

 

12,028

 

Total liabilities

 

272,121

 

373,702

 

Shareholders’ Equity

 

 

 

 

 

Ordinary shares ($0.001 par value): 1,000,000,000 shares authorized, 135,812,719 and 136,290,356 shares issued and outstanding, as of December 31, 2019 and September 30, 2020, respectively

 

136

 

136

 

Additional paid-in capital

 

796,192

 

798,791

 

Accumulated deficit

 

(517,303

)

(504,119

)

Subscription receivables

 

 

(19

)

Accumulated other comprehensive loss

 

(23,624

)

(18,276

)

Total Leju Holdings Limited shareholders’ equity

 

255,401

 

276,513

 

Non-controlling interests

 

(3,042

)

(2,239

)

Total equity

 

252,359

 

274,274

 

TOTAL LIABILITIES AND EQUITY

 

524,480

 

647,976

 

 

Page 6


 

LEJU HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except share data and per share data)

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

 

2019

 

2020

 

2019

 

2020

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

E-commerce

 

153,428

 

172,385

 

362,642

 

377,833

 

Online advertising

 

31,466

 

36,729

 

101,798

 

110,658

 

Listing

 

505

 

279

 

1,357

 

618

 

Total net revenues

 

185,399

 

209,393

 

465,797

 

489,109

 

Cost of revenues

 

(13,237

)

(14,832

)

(55,068

)

(55,970

)

Selling, general and administrative expenses

 

(156,977

)

(181,781

)

(402,994

)

(419,451

)

Other operating income, net

 

590

 

87

 

958

 

332

 

Income from operations

 

15,775

 

12,867

 

8,693

 

14,020

 

 

 

 

 

 

 

 

 

 

 

Interest income (expenses), net

 

(543

)

1,851

 

42

 

2,550

 

Other income (loss), net

 

(191

)

907

 

1,102

 

1,620

 

Income before taxes and income (loss) from equity in affiliates

 

15,041

 

15,625

 

9,837

 

18,190

 

Income tax expenses

 

(3,776

)

(3,763

)

(2,469

)

(4,381

)

Income before income (loss) from equity in affiliates

 

11,265

 

11,862

 

7,368

 

13,809

 

Income (loss) from equity in affiliates, net of tax of nil

 

15

 

(9

)

(11

)

(31

)

Net income

 

11,280

 

11,853

 

7,357

 

13,778

 

Less: net income attributable to non-controlling interests

 

121

 

161

 

337

 

594

 

Net income attributable to Leju Holdings Limited shareholders

 

11,159

 

11,692

 

7,020

 

13,184

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

0.08

 

0.09

 

0.05

 

0.10

 

Diluted

 

0.08

 

0.08

 

0.05

 

0.10

 

Shares used in computation of earnings per ADS:

 

 

 

 

 

 

 

 

 

Basic

 

135,765,158

 

136,191,411

 

135,764,361

 

135,991,548

 

Diluted

 

135,769,998

 

138,366,523

 

135,767,912

 

136,815,220

 

 

The conversion of functional currency Renminbi (“RMB”) amounts into reporting currency USD amounts is based on the rate of USD1 = RMB6.8101 on September 30, 2020 and USD1 = RMB7.0177 for the nine months ended September 30, 2020.

 

Page 7


 

LEJU HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

(In thousands of U.S. dollars)

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

 

2019

 

2020

 

2019

 

2020

 

 

 

 

 

 

 

 

 

 

 

Net income

 

11,280

 

11,853

 

7,357

 

13,778

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss), net of tax of nil

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

(5,310

)

8,601

 

(5,781

)

5,322

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

 

5,970

 

20,454

 

1,576

 

19,100

 

 

 

 

 

 

 

 

 

 

 

Less: Comprehensive income attributable to non-controlling interests

 

161

 

104

 

377

 

568

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to Leju Holdings Limited shareholders

 

5,809

 

20,350

 

1,199

 

18,532

 

 

Page 8


 

LEJU HOLDINGS LIMITED

Unaudited Reconciliation of GAAP and Non-GAAP Results

(In thousands of U.S. dollars, except share data and per ADS data)

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

 

2019

 

2020

 

2019

 

2020

 

 

 

 

 

 

 

 

 

 

 

GAAP income from operations

 

15,775

 

12,867

 

8,693

 

14,020

 

Share-based compensation expense

 

599

 

1,046

 

1,770

 

2,282

 

Amortization of intangible assets resulting from business acquisitions

 

3,153

 

2,640

 

9,459

 

8,541

 

Non-GAAP income from operations

 

19,527

 

16,553

 

19,922

 

24,843

 

 

 

 

 

 

 

 

 

 

 

GAAP net income

 

11,280

 

11,853

 

7,357

 

13,778

 

Share-based compensation expense

 

599

 

1,046

 

1,770

 

2,282

 

Amortization of intangible assets resulting from business acquisitions

 

3,153

 

2,640

 

9,459

 

8,541

 

Income tax benefits:

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

Deferred2

 

(788

)

(660

)

(2,364

)

(2,136

)

Non-GAAP net income

 

14,244

 

14,879

 

16,222

 

22,465

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Leju Holdings Limited shareholder

 

11,159

 

11,692

 

7,020

 

13,184

 

Share-based compensation expense (net of non-controlling interests)

 

599

 

1,046

 

1,770

 

2,282

 

Amortization of intangible assets resulting from business acquisitions (net of non-controlling interests)

 

3,153

 

2,640

 

9,459

 

8,541

 

Income tax benefits:

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

Deferred

 

(788

)

(660

)

(2,364

)

(2,136

)

Non-GAAP net income attributable to Leju Holdings Limited shareholders

 

14,123

 

14,718

 

15,885

 

21,871

 

 

 

 

 

 

 

 

 

 

 

GAAP net income per ADS — basic

 

0.08

 

0.09

 

0.05

 

0.10

 

 

 

 

 

 

 

 

 

 

 

GAAP net income per ADS — diluted

 

0.08

 

0.08

 

0.05

 

0.10

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP net income per ADS — basic

 

0.10

 

0.11

 

0.12

 

0.16

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP net income per ADS — diluted

 

0.10

 

0.11

 

0.12

 

0.16

 

 

 

 

 

 

 

 

 

 

 

Shares used in calculating basic GAAP / non-GAAP net income attributable to shareholders per ADS

 

135,765,158

 

136,191,411

 

135,764,361

 

135,991,548

 

 

 

 

 

 

 

 

 

 

 

Shares used in calculating diluted GAAP / non-GAAP net income attributable to shareholders per ADS

 

135,769,998

 

138,366,523

 

135,767,912

 

136,815,220

 

 


2   Amount represents the realization of deferred tax liabilities recognized for the temporary difference between the tax basis of intangible assets recognized from acquisitions and their reported amounts in the financial statements. The income tax impact on the share-based compensation expense is nil.

 

Page 9


 

LEJU HOLDINGS LIMITED

SELECTED OPERATING DATA

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

 

2019

 

2020

 

2019

 

2020

 

 

 

 

 

 

 

 

 

 

 

Operating data for e-commerce services

 

 

 

 

 

 

 

 

 

Number of discount coupons issued to prospective purchasers (number of transactions)

 

73,259

 

66,415

 

167,628

 

160,630

 

Number of discount coupons redeemed (number of transactions)

 

51,400

 

57,934

 

107,194

 

125,202

 

 

Page 10


Exhibit 99.2

 

 

LEJU HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(NYSE Ticker: LEJU)

 


 

Notice of Annual General Meeting

to be held on December 21, 2020
(or any adjourned or postponed meeting thereof)

 

NOTICE IS HEREBY GIVEN that an annual general meeting (the “AGM”) of Leju Holdings Limited (the “Company”) will be held at Room 1120, 11/F, Yinli Building, No. 383 Guangyan Road, Shanghai, the People’s Republic of China on December 21, 2020 at 10:00AM (local time).  No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Company’s American depositary shares (“ADSs”) to discuss Company affairs with management.

 

The Board of Directors of the Company has fixed the close of business on November 30, 2020 (Eastern Daylight Time) as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the AGM or any adjournment or postponement thereof.

 

Holders of record of the Company’s ordinary shares, par value US$0.001 per share (the “Ordinary Shares”), at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person.  Holders of the Company’s ADSs are welcome to attend the AGM in person.

 

Shareholders and ADS holders may obtain a copy of the Company’s annual report on Form 20-F, free of charge, from the Company’s website at http://ir.leju.com, or by writing to Christina Wu, Leju Holdings Limited, Level G, Building G, No.8 Dongfeng South Road, Chaoyang District, Beijing 100016, the People’s Republic of China, or by email to ir@leju.com.

 

 

By Order of the Board of Directors,

 

Leju Holdings Limited

 

 

 

 

 

/s/ Xin Zhou

 

Xin Zhou

 

Executive Chairman

 

Beijing, November 23, 2020