SEC Company Response from Token Cat (TC) — Aug 16, 2022
Token Cat Ltd
Date: Aug. 16, 2022 · CIK: 0001743340 · Accession: 0001104659-22-091593
AI Filing Summary & Sentiment
Referenced dates: August 10, 2022
Letter
Division of Corporation Finance Office of Trade & Services 100 F Street, NE Washington, D.C. 20549 Re: TuanChe Ltd (CIK No. 0001743340) Response to the Staff’s Comments on the Registration Statement on Form F-3 Filed on August 2, 2022
Dear Mr. Lichtenfels and Ms. Jaskot,
On behalf of our client, TuanChe Ltd, a foreign private issuer organized under the laws of the Cayman Islands (the “Company”), we hereby submit to the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) this letter setting forth the Company’s response to the comments from the Staff on August 10, 2022 on the amendment No.3 to the registration statement on Form F-3 filed on August 2, 2022. Concurrently with the submission of this letter, the Company is submitting its amendment No.4 to the Registration Statement (“Amendment No.4”) via EDGAR with the Commission.
The Staff’s comments are repeated below in bold and are followed by the Company’s responses. We have included page references in the Amendment No.4 where the language addressing a particular comment appears. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Amendment No.4.
Responses to the comments contained in the Staff’s letter dated August 10, 2022
Recent Regulatory Development, page 7
1. We note your revisions in response to comment 3. Please revise your disclosure to state, if accurate, that you have obtained all permissions and approvals to operate your business and the business of the VIE, and remove the reference to your "main business operations." Please make similar revisions elsewhere as necessary.
In response to the Staff’s comment, the Company has revised the disclosure on page 8 of Amendment No.4.
Exhibit Index, page II-4
2. Your exhibit index indicates that certain exhibits, such as the legal opinions regarding the validity of the securities and certain Cayman Islands and PRC tax matters, will be filed as an exhibit to a post-effective amendment or as an exhibit to a report filed under the Exchange Act. These exhibits must be filed with the Form F-3 prior to effectiveness. Please file these exhibits, and revise the Exhibit Index accordingly.
Wilson Sonsini Goodrich & Rosati, Professional Corporation
威尔逊 · 桑西尼 · 古奇 · 罗沙迪律师事务所
austin beijing boston BOULDER brussels hong kong london los angeles new york palo alto SALT LAKE CITY san diego san francisco seattle shanghai washington, dc wilmington, de
Page 2
In response to the Staff’s comment, the Company has revised the exhibit index on page II-4 of Amendment No.4 and filed (1) a form of opinion regarding the legality of the securities being registered under the registration statement on Form F-3 first filed on May 13, 2022 and the amendments thereto as exhibit 5.2 and (2) a form of opinion of the Company’s PRC legal counsel regarding certain PRC tax matters as exhibit 8.2. The Company will file the executed opinions as exhibits to an Exchange Act report, which will be incorporated by reference into the registration statement on Form F-3 and the accompanying prospectus supplement(s) when the type of securities that will be issued and associated disclosure that will be needed are determined.
If you have any questions regarding the Amendment No.4, please contact the undersigned by telephone at 86-10-6529-8308 or via e-mail at douyang@wsgr.com. Questions pertaining to auditing matters may be directed to Charles Yin at Marcum Bernstein & Pinchuk, LLP, by telephone at 86-20-3877-1089, or by email at charles.yin@marcumbp.com. Marcum Bernstein & Pinchuk, LLP is the independent registered public accounting firm of the Company.
Very truly yours,
/s/ Dan Ouyang
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CORRESP
1
filename1.htm
Unit
2901, 29F, Tower C
Beijing
Yintai Centre
No. 2 Jianguomenwai
Avenue
Chaoyang District,
Beijing 100022
People’s Republic
of China
Phone:
86-10-6529-8300
Fax: 86-10-6529-8399
Website:
www.wsgr.com
中国北京市朝阳区建国门外大街2号
银泰中心写字楼C座29层2901室
邮政编码:
100022
电话:
86-10-6529-8300
传真:
86-10-6529-8399
网站:
www.wsgr.com
Via EDAGR
August 16, 2022
Mr. Ryan Lichtenfels
Ms. Erin Jaskot
Division of Corporation Finance
Office of Trade & Services
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Re:
TuanChe Ltd (CIK No. 0001743340)
Response to the Staff’s
Comments on the Registration Statement on Form F-3 Filed on August 2, 2022
Dear Mr. Lichtenfels and Ms. Jaskot,
On
behalf of our client, TuanChe Ltd, a foreign private issuer organized under the laws of the Cayman
Islands (the “Company”), we hereby submit to the staff (the “Staff”) of the Securities and Exchange
Commission (the “Commission”) this letter setting forth the Company’s response to the comments from the Staff
on August 10, 2022 on the amendment No.3 to the registration statement on Form F-3 filed on August 2, 2022. Concurrently
with the submission of this letter, the Company is submitting its amendment No.4 to the Registration Statement (“Amendment No.4”)
via EDGAR with the Commission.
The Staff’s
comments are repeated below in bold and are followed by the Company’s responses. We have included page references in the Amendment
No.4 where the language addressing a particular comment appears. Capitalized terms used but not otherwise defined herein have the meanings
set forth in the Amendment No.4.
Responses
to the comments contained in the Staff’s letter dated August 10, 2022
Recent Regulatory Development,
page 7
1. We note your revisions in response
to comment 3. Please revise your disclosure to state, if accurate, that you have obtained
all permissions and approvals to operate your business and the business of the VIE, and remove
the reference to your "main business operations." Please make similar revisions
elsewhere as necessary.
In response to the Staff’s
comment, the Company has revised the disclosure on page 8 of Amendment No.4.
Exhibit Index,
page II-4
2. Your exhibit index indicates
that certain exhibits, such as the legal opinions regarding the validity of the securities and certain Cayman Islands and PRC tax matters,
will be filed as an exhibit to a post-effective amendment or as an exhibit to a report filed under the Exchange Act. These exhibits must
be filed with the Form F-3 prior to effectiveness. Please file these exhibits, and revise the Exhibit Index accordingly.
Wilson
Sonsini Goodrich & Rosati, Professional Corporation
威尔逊 ·
桑西尼 · 古奇 ·
罗沙迪律师事务所
austin
beijing boston BOULDER brussels hong
kong london los angeles new york palo alto
SALT LAKE CITY san diego san francisco seattle shanghai
washington, dc wilmington, de
Page 2
In response to the Staff’s
comment, the Company has revised the exhibit index on page II-4 of Amendment No.4 and filed (1) a form of opinion regarding
the legality of the securities being registered under the registration statement on Form F-3 first filed on May 13, 2022 and
the amendments thereto as exhibit 5.2 and (2) a form of opinion of the Company’s PRC legal counsel regarding certain PRC tax matters
as exhibit 8.2. The Company will file the executed opinions as exhibits to an Exchange Act report, which will be incorporated by reference into the registration
statement on Form F-3 and the accompanying prospectus supplement(s) when the type of securities that will be issued and associated disclosure
that will be needed are determined.
If you have any
questions regarding the Amendment No.4, please contact the undersigned by telephone at 86-10-6529-8308 or via e-mail at douyang@wsgr.com.
Questions pertaining to auditing matters may be directed to Charles Yin at Marcum Bernstein & Pinchuk, LLP, by telephone at
86-20-3877-1089, or by email at charles.yin@marcumbp.com. Marcum Bernstein & Pinchuk, LLP is the independent registered public
accounting firm of the Company.
Very truly yours,
/s/ Dan Ouyang
Dan Ouyang
Enclosures
cc: Wei
Wen, Chairman and Chief Executive Officer, TuanChe Ltd
Chenxi Yu, Chief Financial Officer, TuanChe Ltd