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SEC Comment Letter for Jingbo Technology, Inc. (SVMB) (CIK 0001647822) (SVMB) — Mar 15, 2016

Jingbo Technology, Inc. (SVMB) (CIK 0001647822)
Date: March 15, 2016 · CIK: 0001647822 · Accession: 0000000000-16-068418

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Summary

Reasoning

File numbers found in text: 333-206804

Referenced dates: October 2, 2015

Date
October 29, 2015
Author
Lakhwinder Singh Sidhu
Form
UPLOAD
Company
Jingbo Technology, Inc. (SVMB) (CIK 0001647822)

Letter

savmobi _ corresp.htm October 29, 2015 Mark P. Shuman Securities and Exchange Commission Washington, D.C. 20549 Re: T-Bamm Amendment No. 1 to Registration Statement on Form S-1 Filed September 8, 2015 File No. 333-206804 Dear Mr. Shuman; Page 1of8 In response to your letter dated October 2, 2015 the following information, corresponding sequentially to the paragraphs in your letter, is hereby submitted on behalf of SavMobi Technology Inc. (the "Company"). Amendment No. 1 to Registration Statement on Form S-1 is being filed concurrently with this letter. The Company has made certain changes in the Form S-1 filing in response to the Staff's comments. For your convenience, we have reproduced below the comments contained in the Staff's October 2, 2015 letter in italicized text immediately before our response. 1. We note your disclosure on page 36 stating that you "expect the balance of proceeds to be mainly applied to further costs of this prospectus and administrative costs." However, we note your tabular disclosure on page 16 indicating that irrespective of the proceeds raised, you intend to allocate the majority of the proceeds towards general business development, and sales and marketing. Please ensure that your disclosure consistently describe your intended allocations of proceeds. Response: We have deleted our disclosure on page 36 so we are consistent in our intended allocation of funds. 2. With respect to every third-party statement in your prospectus, such as the Borrell Associates report, please ensure that you have disclosed the report dates and provide us with the relevant portions of the industry research reports you cite. To expedite our review, please clearly mark each source to highlight the applicable portion containing the statistics, and cross-reference it to the appropriat e location in your prospectus and tell us whether any of the reports were prepared for you. Response: We have revised our disclosure on the Borrell Associates report on page 22 and have attached the relevant portion of the industry research report cited for your reference . The calculations provided is from the information found on page 16 of 27 (attached) of Borrell Associates Market Demographics , Spending Estimates Target Categories for Online Ad Sales Revenue Share Estimates Forecasts are from Table 8C: 2007 Market Estimates for Top 20 Online Ad Categories with Local Ownership: They include; 66.5% of'07 Estimated Online Ad Expenditures of$67,919,701 is $45,166,601.165 divided by the applicable number of targeted businesses (Ground Transportation- 42,390; Trucking Services- 189,990; Travel Services- 94,720; Telecommunications- 66,070; Other Utilities- 36,110; Retail Home Improvement- 106,680; Food Stores-217,010; Apparel and Accessory Stores-134,710; Eating and Drinking Places-521,630; Banks-43,930; Credit & Mortgage Services- 97,690; Financial Services- 81,390; Insurance Services- 192,900) for a total of 1,825,220 business is an average of24.74 per month and rounded up to $299 per year. No reports referred to within the prospectus were written for or on behalf of the Company. https://www.edgar.sec.gov/ AR/Display Document.do ?step=docOnly &accessionNumber=O... 3/15/2016

savmobi ___ corresp.htm Page 2of8 3. Revise your summary to disclosure that your auditors have expressed substantial doubt about your ability to continue as a f(oinf( concern. Response: We have revised our disclosure on pages 3 and 7 to disclose that our auditors have expressed substantial doubt about our ability to continue as a going concern. Risks and Uncertainties Facing the Company, page 6 4. We note your disclosure on page 22, where you estimate the total software development cost for your platform and app at $38,000. Please revise your disclosure here to describe quantitatively the threshold gross offering amount require to the fund the software development . · Response: We have revised our disclosure on page 22 to include the minimum required to implement its business plan in the development of its proposed software. Use of Proceeds. page 8 5. You state that you may fund your operations through loans based on a verbal agreement with Mr. Sidhu. Where your reference such loans throughout the document, please also state whether the agreement with Mr. Sidhu to provided funding is legally binding, to the extent that it is not, revise throughout to state clearly and unequivocally that there is no f(Uarantee that he will provide such.funding Response: We have revised our disclosure throughout the offering tostate that the verbal loan agreement between Mr. Sidhu and the Company is not legally binding nor is it guaranteed . https://www.edgar.sec .gov/AR/DisplayDocurnent.do?step =docOnly&accessionNumber=O... 3/15/2016

savmobi corresp.htm Page 3of8 Risk Factors. page 9 6. Please add a risk factor that clearly and unequivocally states that you have not yet developed you software platform or app, and that the resultant risk is that you may never be able to develop a product that is operational or marketable . Response: We have revised our disclosure and have added a risk factor that clearly states that we have not yet developed our software platfonn or app. 7. Please add separately captioned risk factor disclosing the minimum number of months that you will be able to conduct your planned operations using currently available capital resources. In addition, disclose the minimum dollar amount of funding you require to implement your business plan for a minimum period of one year. Revise your discussion in Capital Resources and Liquidity to also include this if!formation. Response: We have revised our disclosure to clearly set forth the allocation of proceeds at various levels of proceeds. "Because our sole officer and director resides abroad .... " Page 13 8. Please provide a more detailed description of your risk factor addressing why shareholders may have difficulties enforcing their legal rights under United States security laws. Please address the risk U.S. stockholders face in: • effecting service of process with the United States against your officer; • enforcing judgements obtained in U.S. courts based on civil liability provisions of the U.S. federal securities laws in foreign courts against your officer; and • bringing an original action in foreign courts to enforce liabilities based on the U.S. federal securities laws against your officer. Response: We have revised our disclosure on page 13 in the offering to provide a more detailed description in processing and enforcing United States securities laws in a foreign jurisdiction "Because our Company is a shell company .... " Page 13 9. Please expand your disclosure to explain that Securities Act Rule 144 will not be available for privately placed shares, and highlight the impact on your ability to attract additional capital to implement your business plan or sustain operations . https ://www.edgar.sec .gov/ AR/Display Document.do?step=docOnly &accessionNumber=O... 311512016

savmobi _ corresp.htm Page 4 of 8 Response: We have revised our disclosure to explain that privately placed shares under Securities Act Rule 144 may impact our ability to attract additional capital and the implementation of our business plan and sustain our operations. Plan of Distribution. page 19 10. You state that you intend to sell the shares outside the United States, particularly in India. Please expand your plan of distribution discussion with respect to you plan to sell shares in India. Response: We have revised our disclosure within the offering on page 19 and have expanded our plan of distribution discussion with respect to selling shares in India. 11. You state the offering may be extended 90 days beyond the period described in this section, or "such period as the Company deems reasonable." Please revise your disclosur e to ensure that your intentions in regards to extending the offering period are balanced with the requirements of Rule 415 and sections 10( a)(3) of the Securities Act. Response: We have revised our disclosure in the offering and have eliminated our ability to extend by 90 days the period described in this section. Description of Securities to be Registered Non-cumulative voting. page 20 12. You state that if the offering is completed the "present shareholders" will hold 21% of the offering. This statement is inconsistent with your disclosures in the beneficial ownership table. Please revise or advise. Response: We have corrected our statement on page 20 "Non-cumulative voting." in the offering from "present shareholders" will hold 21% of the offering to 78.95% of this offering. Description of Business Marketing Opportunity and Value Proposition. page 24 https://www.edgar.sec.gov/ARJDisplayDoclUllent.do?step=docOnly&accessionNumber=O... 3/15/2016

savmobi_ corresp.htm Page 5 of 8 13. We note that you reference the boom in the smartphone market as potentially providing your company the opportunity to generate more revenue through your proposed Mobile Marketing Platform. Please refocus your discussion on the specific market opportunity you intend to pursue, which you state is vendor tools technology. Response: We have revised our disclosure on page 24 to refocus our discussions on the marketing opportunity the Company intends to pursue with our vendor tools technology . Competition, page 25 14. We note your disclosure referring to your "current revenue streams" and statement that your ''primary source oj revenue comes from local, small businesses." Since you have yet to generate revenues, these disclosures appear inappropriate, as they suggest the contrary. Response: We have revised our disclosure in our offering on page 25 to correctly disclose our proposed revenue streams and proposed sources of revenues. 15. Please expand your disclosure to describe with more specificity on what competitive bases you intend to distinguish yourself. Response: We have revised and expanded our disclosure on page 25 to provide specific details on what competitive bases we distinguish ourselves from the competition . Directors and Executive Officers Business Experience, page 31 16. Please revise the description relating to Mr. Sidhu's professional background to ensure that such disclosures fully comply with Item 401(1) of Regulation S-K. For example, disclose Mr. Sindhu's principal occupations and employment, in a chronologically complete manner, for the jive year period immediately preceding the date oj effectiveness. Response: We have revised our disclosure on page 31 to clarify Mr. Sidhu's professional background to ensure that such disclosures fully comply with Item (401)1 of Regulation S-K. https://www.edgar.sec.gov/ AR/Display Document.do?step =docOnly &accessionNumber =O... 3/15/2016

savmobi _ corresp.htm Page 6of8 17. We note your disclosur e stating that Mr. Sidhu has not held any previous directorships in the past five years. However , we note that the Nevada Secretary of State's website indicates that in addition to serving as an officer for SavMobi Technology, Inc., Mr. Sidhu served as an officer and director for SavMobi , Inc. within the past five years. Please advise whether this is your CEO, and if so, please provide your analysis for why such professional experienc e is not disclosed in the registration statement . To the extent material, revise your discussion of trademarks on page 2 5 to discuss whether your ability to obtain a trademark may be impacted by the prior formation of SavMobi, Inc. Response: The company SavMobi, Inc. was a Nevada corporation, incorporated on July 13, 2013 by Mr. Sidhu. SavMobi, Inc. was never active and Mr. Sidhu is in the process of dissolving SavMobi, Inc. with the Nevada Secretary of State. We believe that as SavMobi, Inc., had no business activities, did not obtain an I.R.S. Employer Identification number and did not raise any capital; that to disclose Mr. Sidhu's association with SavMobi, Inc., is not material and would not add anything to his professional experience . Further, the ability to obtain a trademark for the Company under this offering will not be impacted as Mr. Sidhu incorporated both corporations and is dissolving SavMobi, Inc. We trust our responses meet with your approval. Sincerely , Isl Lakhwind er Singh Sidhu President https://www.edgar.sec.gov/AR/Dis playDocument.do?step =docOnly&accessionN umber=O... 3/15/2016

Show Raw Text
savmobi _ corresp.htm
October 29, 2015
Mark P. Shuman
Securities and Exchange Commission
Washington, D.C. 20549
Re: T-Bamm
Amendment No. 1 to Registration Statement on Form S-1
Filed September 8, 2015
File No. 333-206804
Dear Mr. Shuman; Page 1of8
In response to your letter dated October 2, 2015 the following information, corresponding sequentially to the paragraphs in
your letter, is hereby submitted on behalf of SavMobi Technology Inc. (the "Company"). Amendment No. 1 to Registration
Statement on Form S-1 is being filed concurrently with this letter.
The Company has made certain changes in the Form S-1 filing in response to the Staff's comments. For your convenience, we
have reproduced below the comments contained in the Staff's October 2, 2015 letter in italicized text immediately before our
response.
1. We note your disclosure on page 36 stating that you "expect the balance of proceeds to be mainly applied to further
costs of this prospectus and administrative costs." However, we note your tabular disclosure on page 16 indicating
that irrespective of the proceeds raised, you intend to allocate the majority of the proceeds towards general business
development, and sales and marketing. Please ensure that your disclosure consistently describe your intended
allocations of proceeds.
Response:
We have deleted our disclosure on page 36 so we are consistent in our intended allocation of funds.
2. With respect to every third-party statement in your prospectus, such as the Borrell Associates report, please ensure
that you have disclosed the report dates and provide us with the relevant portions of the industry research reports
you cite. To expedite our review, please clearly mark each source to highlight the applicable portion containing the
statistics, and cross-reference it to the appropriat e location in your prospectus and tell us whether any of the reports
were prepared for you.
Response:
We have revised our disclosure on the Borrell Associates report on page 22 and have attached the relevant portion of the
industry research report cited for your reference . The calculations provided is from the information found on page 16 of 27
(attached) of Borrell Associates Market Demographics , Spending Estimates Target Categories for Online Ad Sales Revenue
Share Estimates Forecasts are from Table 8C: 2007 Market Estimates for Top 20 Online Ad Categories with Local
Ownership: They include; 66.5% of'07 Estimated Online Ad Expenditures of$67,919,701 is $45,166,601.165 divided by the
applicable number of targeted businesses (Ground Transportation- 42,390; Trucking Services- 189,990; Travel Services-
94,720; Telecommunications- 66,070; Other Utilities- 36,110; Retail Home Improvement- 106,680; Food Stores-217,010;
Apparel and Accessory Stores-134,710; Eating and Drinking Places-521,630; Banks-43,930; Credit & Mortgage Services-
97,690; Financial Services- 81,390; Insurance Services- 192,900) for a total of 1,825,220 business is an average of24.74 per
month and rounded up to $299 per year.
No reports referred to within the prospectus were written for or on behalf of the Company.
https://www.edgar.sec.gov/ AR/Display Document.do ?step=docOnly &accessionNumber=O... 3/15/2016

savmobi ___ corresp.htm Page 2of8
3. Revise your summary to disclosure that your auditors have expressed substantial doubt about your ability to
continue as a f(oinf( concern.
Response:
We have revised our disclosure on pages 3 and 7 to disclose that our auditors have expressed substantial doubt about our
ability to continue as a going concern.
Risks and Uncertainties Facing the Company, page 6
4. We note your disclosure on page 22, where you estimate the total software development cost for your platform and
app at $38,000. Please revise your disclosure here to describe quantitatively the threshold gross offering amount
require to the fund the software development . ·
Response:
We have revised our disclosure on page 22 to include the minimum required to implement its business plan in the
development of its proposed software.
Use of Proceeds. page 8
5. You state that you may fund your operations through loans based on a verbal agreement with Mr. Sidhu. Where your
reference such loans throughout the document, please also state whether the agreement with Mr. Sidhu to provided
funding is legally binding, to the extent that it is not, revise throughout to state clearly and unequivocally that there
is no f(Uarantee that he will provide such.funding
Response:
We have revised our disclosure throughout the offering tostate that the verbal loan agreement between Mr. Sidhu and the
Company is not legally binding nor is it guaranteed .
2
https://www.edgar.sec .gov/AR/DisplayDocurnent.do?step =docOnly&accessionNumber=O... 3/15/2016

savmobi corresp.htm Page 3of8
Risk Factors. page 9
6. Please add a risk factor that clearly and unequivocally states that you have not yet developed you software platform
or app, and that the resultant risk is that you may never be able to develop a product that is operational or
marketable .
Response:
We have revised our disclosure and have added a risk factor that clearly states that we have not yet developed our software
platfonn or app.
7. Please add separately captioned risk factor disclosing the minimum number of months that you will be able to
conduct your planned operations using currently available capital resources. In addition, disclose the minimum
dollar amount of funding you require to implement your business plan for a minimum period of one year. Revise
your discussion in Capital Resources and Liquidity to also include this if!formation.
Response:
We have revised our disclosure to clearly set forth the allocation of proceeds at various levels of proceeds.
"Because our sole officer and director resides abroad .... " Page 13
8. Please provide a more detailed description of your risk factor addressing why shareholders may have difficulties
enforcing their legal rights under United States security laws. Please address the risk U.S. stockholders face in:
• effecting service of process with the United States against your officer;
• enforcing judgements obtained in U.S. courts based on civil liability provisions of the U.S. federal securities
laws in foreign courts against your officer; and
• bringing an original action in foreign courts to enforce liabilities based on the U.S. federal securities laws
against your officer.
Response:
We have revised our disclosure on page 13 in the offering to provide a more detailed description in processing and enforcing
United States securities laws in a foreign jurisdiction
"Because our Company is a shell company .... " Page 13
9. Please expand your disclosure to explain that Securities Act Rule 144 will not be available for privately placed
shares, and highlight the impact on your ability to attract additional capital to implement your business plan or
sustain operations .
3
https ://www.edgar.sec .gov/ AR/Display Document.do?step=docOnly &accessionNumber=O... 311512016

savmobi _ corresp.htm Page 4 of 8
Response:
We have revised our disclosure to explain that privately placed shares under Securities Act Rule 144 may impact our ability
to attract additional capital and the implementation of our business plan and sustain our operations.
Plan of Distribution. page 19
10. You state that you intend to sell the shares outside the United States, particularly in India. Please expand your plan
of distribution discussion with respect to you plan to sell shares in India.
Response:
We have revised our disclosure within the offering on page 19 and have expanded our plan of distribution discussion with
respect to selling shares in India.
11. You state the offering may be extended 90 days beyond the period described in this section, or "such period as the
Company deems reasonable." Please revise your disclosur e to ensure that your intentions in regards to extending the
offering period are balanced with the requirements of Rule 415 and sections 10( a)(3) of the Securities Act.
Response:
We have revised our disclosure in the offering and have eliminated our ability to extend by 90 days the period described in
this section.
Description of Securities to be Registered
Non-cumulative voting. page 20
12. You state that if the offering is completed the "present shareholders" will hold 21% of the offering. This statement is
inconsistent with your disclosures in the beneficial ownership table. Please revise or advise.
Response:
We have corrected our statement on page 20 "Non-cumulative voting." in the offering from "present shareholders" will hold
21% of the offering to 78.95% of this offering.
Description of Business
Marketing Opportunity and Value Proposition. page 24
4
https://www.edgar.sec.gov/ARJDisplayDoclUllent.do?step=docOnly&accessionNumber=O... 3/15/2016

savmobi_ corresp.htm Page 5 of 8
13. We note that you reference the boom in the smartphone market as potentially providing your company the
opportunity to generate more revenue through your proposed Mobile Marketing Platform. Please refocus your
discussion on the specific market opportunity you intend to pursue, which you state is vendor tools technology.
Response:
We have revised our disclosure on page 24 to refocus our discussions on the marketing opportunity the Company intends to
pursue with our vendor tools technology .
Competition, page 25
14. We note your disclosure referring to your "current revenue streams" and statement that your ''primary source oj
revenue comes from local, small businesses." Since you have yet to generate revenues, these disclosures appear
inappropriate, as they suggest the contrary.
Response:
We have revised our disclosure in our offering on page 25 to correctly disclose our proposed revenue streams and proposed
sources of revenues.
15. Please expand your disclosure to describe with more specificity on what competitive bases you intend to distinguish
yourself.
Response:
We have revised and expanded our disclosure on page 25 to provide specific details on what competitive bases we
distinguish ourselves from the competition .
Directors and Executive Officers
Business Experience, page 31
16. Please revise the description relating to Mr. Sidhu's professional background to ensure that such disclosures fully
comply with Item 401(1) of Regulation S-K. For example, disclose Mr. Sindhu's principal occupations and
employment, in a chronologically complete manner, for the jive year period immediately preceding the date oj
effectiveness.
Response:
We have revised our disclosure on page 31 to clarify Mr. Sidhu's professional background to ensure that such disclosures
fully comply with Item (401)1 of Regulation S-K.
5
https://www.edgar.sec.gov/ AR/Display Document.do?step =docOnly &accessionNumber =O... 3/15/2016

savmobi _ corresp.htm Page 6of8
17. We note your disclosur e stating that Mr. Sidhu has not held any previous directorships in the past five years.
However , we note that the Nevada Secretary of State's website indicates that in addition to serving as an officer for
SavMobi Technology, Inc., Mr. Sidhu served as an officer and director for SavMobi , Inc. within the past five years.
Please advise whether this is your CEO, and if so, please provide your analysis for why such professional experienc e
is not disclosed in the registration statement . To the extent material, revise your discussion of trademarks on page 2 5
to discuss whether your ability to obtain a trademark may be impacted by the prior formation of SavMobi, Inc.
Response:
The company SavMobi, Inc. was a Nevada corporation, incorporated on July 13, 2013 by Mr. Sidhu. SavMobi, Inc. was
never active and Mr. Sidhu is in the process of dissolving SavMobi, Inc. with the Nevada Secretary of State. We believe that
as SavMobi, Inc., had no business activities, did not obtain an I.R.S. Employer Identification number and did not raise any
capital; that to disclose Mr. Sidhu's association with SavMobi, Inc., is not material and would not add anything to his
professional experience . Further, the ability to obtain a trademark for the Company under this offering will not be impacted
as Mr. Sidhu incorporated both corporations and is dissolving SavMobi, Inc.
We trust our responses meet with your approval.
Sincerely ,
Isl Lakhwind er Singh Sidhu
President
6
https://www.edgar.sec.gov/AR/Dis playDocument.do?step =docOnly&accessionN umber=O... 3/15/2016