Introduction

This Amendment No. 5 (the “Final Amendment”) to Rule 13E-3 transaction statement on Schedule 13E-3, together with the exhibits hereto (this “Transaction Statement”), is being filed with the Securities and Exchange Commission (the “SEC”) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), jointly by the following persons (each, a “Filing Person,” and collectively, the “Filing Persons”): (a) Acorn International, Inc., a Cayman Islands exempted company (the “Company”), the issuer of the ordinary shares, par value US$0.01 per share (each, a “Share” and, collectively, the “Shares”), including the Shares represented by American Depositary Shares (“ADSs”), each representing 20 Shares, that is subject to the transaction pursuant to Rule 13e-3 under the Exchange Act; (b) First Ostia Port Ltd., a Cayman Islands exempted company (“Parent”); (c) Second Actium Coin Ltd., a Cayman Islands exempted company and a wholly-owned subsidiary of Parent (“Merger Sub”); (d) Robert W. Roche, our co-founder and Executive Chairman (“Mr. Roche”); (e) Mr. Roche’s wife, Ritsuko Hattori-Roche (“Ms. Hattori-Roche”); (f) Catalonia Holdings, LLC (“Catalonia”); and (g) Bireme Limited (“Bireme”, together with Parent, Merger Sub, Mr. Roche, Ms. Hattori-Roche and Catalonia, collectively, the “Buyer Group”).

This Transaction Statement relates to the agreement and plan of merger dated as of October 12, 2020 by and among the Company, Parent and Merger Sub (the “Merger Agreement”), pursuant to which Merger Sub was merged with and into the Company (the “Merger”) and ceased to exist, with the Company continuing as the surviving corporation (the “Surviving Corporation”) and became a wholly-owned subsidiary of Parent at the effective time of the Merger (the “Effective Time”). Each of Parent and Merger Sub was formed solely for the purpose of the Merger. At the Effective Time, the Company became directly owned by Parent, which is controlled by the Buyer Group.

This Final Amendment is being filed pursuant to Rule 13e-3(d)(3) to report the results of the transaction that is subject of the Transaction Statement.

All information contained in this Final Amendment concerning each Filing Person has been supplied by such Filing Person.

Item 15.    Additional Information

Item 15(c) is hereby amended and supplemented as follows:

On January 22, 2021, at 10:00 a.m. (Shanghai time), an extraordinary general meeting of the shareholders of the Company was held at the offices of Hogan Lovells International LLP, Suite 1804-1808, Park Place, 1601 Nanjing Road West, Jing An District, Shanghai 200040, People’s Republic of China. At the extraordinary general meeting, the shareholders of the Company voted in favor of, among others, the proposal to (i) authorize and approve the execution, delivery and performance of the Merger Agreement and the plan of merger required to be filed with Registrar of Companies of the Cayman Islands (the “Cayman ROC”), in the form attached as Appendix 1 to the Merger Agreement (the “Plan of Merger”) and the transactions contemplated by the Merger Agreement (the “Transactions”), including the Merger; (ii) authorize each of directors and officers of the Company to do all things necessary to give effect to the Merger Agreement, the Plan of Merger and the Transactions, including the Merger; and (iii) a resolution to adjourn the meeting in order to allow the Company to solicit additional proxies in the event that there were insufficient proxies received at the time of the meeting to pass the aforesaid two proposals.

On January 26, 2021, the Company filed the Plan of Merger with the Cayman ROC, which was registered by the Cayman ROC as of January 26, 2021, pursuant to which the Merger became effective three business days after the date the Plan of Merger was registered, i.e., January 29, 2021. As a result of the Merger, at the Effective Time, the Company became a wholly owned subsidiary of Parent, which is controlled by the Buyer Group.

More particularly, at the Effective Time, each Share issued and outstanding immediately prior to the Effective Time was cancelled and ceased to exist in exchange for the right to receive US$1.05 per Share (the “Per Share Merger Consideration”), and each ADS issued and outstanding immediately prior to the Effective Time represented the right to receive US$21.00 per ADS (the “Per ADS Merger Consideration”) (less any applicable ADS Depositary fees (US$0.05 per ADS cash distribution fee) payable pursuant to the terms of deposit agreement dated as of May 2, 2007, as amended by Amendment No.1 to the Deposit Agreement, dated as of November 30, 2015, among the Company, Citibank N.A. (the “ADS Depositary”), and the holders and beneficial owners of ADSs issued thereunder (the “Deposit Agreement”)), in each case in cash, without interest, and net of any applicable withholding taxes. Notwithstanding the

foregoing, the following Shares (including Shares represented by ADSs) were not converted into the right to receive the consideration in the immediately preceding sentence but were cancelled and ceased to exist at the Effective Time:

(a)     Shares (the “Excluded Shares”) beneficially owned immediately prior to the Effective Time by any of Parent, Merger Sub or any other direct or indirect wholly-owned subsidiary of the Company or Parent, and in each case not held on behalf of third parties, which Excluded Shares were cancelled and ceased to exist, and no consideration is delivered or deliverable in exchange thereof;

(b)    Shares (the “Dissenting Shares”) owned by shareholders who have validly exercised and have not effectively withdrawn or lost their appraisal rights (the “Dissenting Shareholders”) pursuant to Section 238 of the Cayman Islands Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) (the “Cayman Islands Companies Law”), and from the Effective Time such Dissenting Shareholders ceased to have any rights of a shareholder of the Company except the right to be paid the “fair value” of such Dissenting Shares as specified under the Cayman Islands Companies Law; and

(c)     an aggregate of 2,797,644 Shares (the “Note Shares”) owned by our Lead Director, Pierre Cohade, our Chief Executive Officer, Jacob A. Fisch, and Harry Hill, were exchanged for non-convertible promissory notes bearing interest at the rate of 6% per annum, and having face value equal to the merger consideration which these shareholders would otherwise have been entitled to receive in the form of cash, such notes being payable by Parent and having a term of six months (the “Notes”), renewable for an additional six-month term at the election of Parent. From the Effective Time such Note holders ceased to have any rights of a shareholder of the Company except the right to be paid in accordance with the applicable Notes.

As a result of the Merger, upon the Effective Time, the ADSs will no longer be listed on any securities exchange or quotation system, including the New York Stock Exchange (“NYSE”), and the Company will cease to be a publicly traded company. The Company has requested NYSE to file an application on Form 25 with the SEC to remove the ADSs from listing on NYSE and withdraw registration of the ordinary shares under the Exchange Act. The deregistration will become effective in 90 days after the filing of Form 25 or such shorter period as may be determined by the SEC. In addition, the Company will suspend its reporting obligations under the Exchange Act by filing a certification and notice on Form 15 with the SEC. and the Company’s reporting obligations under the Exchange Act will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration becomes effective.

Item 16.     Exhibits

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*        Confidential treatment has been requested for certain confidential information contained in this exhibit.

**      Previously filed on December 21, 2020.

***    Previously filed on November 27, 2020.

SIGNATURES

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: January 29, 2021