SEC Comment Letter 0000000000-24-002574 to Roan Holdings Group Co., Ltd. (RAHGF) (CIK 0001611852)
Roan Holdings Group Co., Ltd. (RAHGF) (CIK 0001611852)
Date: March 8, 2024 · CIK: 0001611852 · Accession: 0000000000-24-002574
AI Filing Summary & Sentiment
File numbers found in text: 001-36664
Letter
United States securities and exchange commission logo March 8, 2024 Zhiyong Tang Chief Executive Officer Roan Holdings Group Co., Ltd. No. 1 Building, 5 Bailiantan Road, Yuhang District Hangzhou, Zhejiang The People’s Republic of China Re:Roan Holdings Group Co., Ltd. Amendment No. 1 to the Annual Report on Form 20-F Filed February 7, 2024 File No. 001-36664 Dear Zhiyong Tang: We have reviewed your filing and have the following comment. 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. Amendment No. 1 to the Annual Report on Form 20-F filed February 7, 2024 Risk Factors Our business entities in Hong Kong may be subject to certain laws, page 7 1.We note your statement that "...[y]our business entities in Hong Kong that have no substantial operations are subject to virtually no legal risks..." Please confirm that you will revise this risk factor to remove the qualification about "entities...that have no substantial operations" in your next 1934 Act Report. Further revise to clarify the risks and uncertainties regarding the enforcement of laws and that rules and regulations in China can change quickly with little advance notice and the risk that the Chinese government may intervene or influence your operations at any time which could result in a material change in your operations. 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 absence of action by the staff.
FirstName LastNameZhiyong Tang Comapany NameRoan Holdings Group Co., Ltd. March 8, 2024 Page 2 FirstName LastName Zhiyong Tang Roan Holdings Group Co., Ltd. March 8, 2024 Page 2 Please contact Michael Henderson at 202-551-3364 or Robert Klein at 202-551-3847 if you have questions regarding comments on the financial statements and related matters. Please contact Robert Arzonetti at 202-551-8819 or Christian Windsor at 202-551-3419 with any other questions. Sincerely, Division of Corporation Finance Office of Finance cc: Stephen M. Wurzburg
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United States securities and exchange commission logo
March 8, 2024
Zhiyong Tang
Chief Executive Officer
Roan Holdings Group Co., Ltd.
No. 1 Building, 5 Bailiantan Road, Yuhang District
Hangzhou, Zhejiang
The People’s Republic of China
Re:Roan Holdings Group Co., Ltd.
Amendment No. 1 to the Annual Report on Form 20-F
Filed February 7, 2024
File No. 001-36664
Dear Zhiyong Tang:
We have reviewed your filing and have the following comment.
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.
Amendment No. 1 to the Annual Report on Form 20-F filed February 7, 2024
Risk Factors
Our business entities in Hong Kong may be subject to certain laws, page 7
1.We note your statement that "...[y]our business entities in Hong Kong that have no
substantial operations are subject to virtually no legal risks..." Please confirm that you will
revise this risk factor to remove the qualification about "entities...that have no substantial
operations" in your next 1934 Act Report. Further revise to clarify the risks and
uncertainties regarding the enforcement of laws and that rules and regulations in China
can change quickly with little advance notice and the risk that the Chinese government
may intervene or influence your operations at any time which could result in a material
change in your operations.
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 absence of
action by the staff.
FirstName LastNameZhiyong Tang
Comapany NameRoan Holdings Group Co., Ltd.
March 8, 2024 Page 2
FirstName LastName
Zhiyong Tang
Roan Holdings Group Co., Ltd.
March 8, 2024
Page 2
Please contact Michael Henderson at 202-551-3364 or Robert Klein at 202-551-3847 if
you have questions regarding comments on the financial statements and related matters. Please
contact Robert Arzonetti at 202-551-8819 or Christian Windsor at 202-551-3419 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Finance
cc: Stephen M. Wurzburg