SEC Comment Letter 0000000000-24-005667 to Baijiayun Group Ltd (RTC) (CIK 0001381074) (RTCJF)
Baijiayun Group Ltd (RTC) (CIK 0001381074)
Date: May 16, 2024 · CIK: 0001381074 · Accession: 0000000000-24-005667
AI Filing Summary & Sentiment
File numbers found in text: 001-33176
Letter
United States securities and exchange commission logo May 16, 2024 Fangfei Liu Chief Financial Officer Baijiayun Group Ltd. 24F, A1 South Building, No. 32 Fengzhan Road Yuhuatai District, Nanjing 210000 The People's Republic of China Re:Baijiayun Group Ltd. Form 20-F for the fiscal year ended June 30, 2023 File No. 001-33176 Dear Fangfei Liu: We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 20-F for the fiscal year ended June 30, 2023 Risk Factors, page 5 1.We note that you have omitted the risk factor titled, "The Chinese government exerts substantial influence over the manner in which we must conduct our business, and may intervene or influence our operations at any time, which could results in a material change in our operations, significantly limit or completely hinder our ability to offer securities overseas, and cause the value of the ordinary shares to significantly decline or be worthless" from your 20-F for the fiscal year ended June 30, 2023 that was presented in your 20-F for the fiscal year ended June 30, 2022. It does not appear that there have been changes in the regulatory environment in the PRC during this time warranting revised disclosure to mitigate the challenges you face and related disclosures. Please tell us the reason for this change or revise your disclosure in future filings to include this risk factor. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
FirstName LastNameFangfei Liu Comapany NameBaijiayun Group Ltd. May 16, 2024 Page 2 FirstName LastName Fangfei Liu Baijiayun Group Ltd. May 16, 2024 Page 2 absence of action by the staff. Please contact Ryan Rohn at 202-551-3739 or Stephen Krikorian at 202-551-3488 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
May 16, 2024
Fangfei Liu
Chief Financial Officer
Baijiayun Group Ltd.
24F, A1 South Building, No. 32 Fengzhan Road
Yuhuatai District, Nanjing 210000
The People's Republic of China
Re:Baijiayun Group Ltd.
Form 20-F for the fiscal year ended June 30, 2023
File No. 001-33176
Dear Fangfei Liu:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment(s).
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 20-F for the fiscal year ended June 30, 2023
Risk Factors, page 5
1.We note that you have omitted the risk factor titled, "The Chinese government exerts
substantial influence over the manner in which we must conduct our business, and may
intervene or influence our operations at any time, which could results in a material change
in our operations, significantly limit or completely hinder our ability to offer securities
overseas, and cause the value of the ordinary shares to significantly decline or be
worthless" from your 20-F for the fiscal year ended June 30, 2023 that was presented in
your 20-F for the fiscal year ended June 30, 2022. It does not appear that there have been
changes in the regulatory environment in the PRC during this time warranting revised
disclosure to mitigate the challenges you face and related disclosures. Please tell us the
reason for this change or revise your disclosure in future filings to include this risk factor.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
FirstName LastNameFangfei Liu
Comapany NameBaijiayun Group Ltd.
May 16, 2024 Page 2
FirstName LastName
Fangfei Liu
Baijiayun Group Ltd.
May 16, 2024
Page 2
absence of action by the staff.
Please contact Ryan Rohn at 202-551-3739 or Stephen Krikorian at 202-551-3488 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Technology