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SEC Company Response from Canaan Inc. (CAN) (CIK 0001780652) (CAN) — Nov 20, 2019

Canaan Inc. (CAN) (CIK 0001780652)
Date: Nov. 20, 2019 · CIK: 0001780652 · Accession: 0001193125-19-296273

AI Filing Summary & Sentiment

File numbers found in text: 333-234356

Date
November 20, 2019
Author
/s/ Chris K.H. Lin
Form
CORRESP
Company
Canaan Inc. (CAN) (CIK 0001780652)

Letter

Simpson Thacher & Bartlett

ICBC TOWER, 35TH FLOOR

3 GARDEN ROAD

HONG KONG

TELEPHONE: +852-2514-7600

FACSIMILE: +852-2869-7694

Direct Dial Number

(852) 2514-7650

E-mail Address

clin@stblaw.com

November 20, 2019

VIA EDGAR

Division of Corporation Finance

U.S. Securities and Exchange Commission

100 F Street, N.E.

Mail Stop 4561

Washington, D.C. 20549

Attention:

Ms. Kristin Lochhead, Accounting Branch Chief

Mr. Brian Cascio, Accounting Branch Chief

Mr. Geoffrey Kruczek, Special Counsel

Mr. Jay Ingram, Legal Branch Chief

Re:

Canaan Inc.

Amendment No. 4 to Registration Statement on Form F-1

File No. 333-234356

Ladies and Gentlemen:

On behalf of our client, Canaan Inc., an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Company”), we are filing herewith Amendment No. 4 (“Amendment No. 4”) to the Company’s above-reference Registration Statement on Form F-1 (the “Registration Statement”) via EDGAR with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”).

Simpson Thacher & Bartlett

November 20, 2019

We enclose herewith five (5) courtesy copies of Amendment No. 4, which has been marked to show changes to the Company’s Amendment No. 3 to the Registration Statement filed with the Commission on November 18, 2019 (the “November 18 Filing”).

The Company has revised the number of investors who have indicated their interest in purchasing over 5% of the ADSs being offered in the offering to fourteen investors on page 174 of Amendment No. 4.

Simpson Thacher & Bartlett

November 20, 2019

If you have any question regarding Amendment No. 4, please do not hesitate to contact me at +852-2514-7650 (work), +852-9198-4235 (mobile) or clin@stblaw.com (email) or Howie Farn at +852-2514-7668 (work), +852-6710-2672 (mobile) or hfarn@stblaw.com (email).

Very truly yours,
/s/ Chris K.H. Lin

Show Raw Text
CORRESP
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filename1.htm

CORRESP

 Simpson Thacher & Bartlett

 ICBC TOWER, 35TH FLOOR

3 GARDEN ROAD

 HONG KONG

TELEPHONE: +852-2514-7600

FACSIMILE: +852-2869-7694

 Direct Dial Number

 (852) 2514-7650

 E-mail Address

clin@stblaw.com

 November 20, 2019

VIA EDGAR

 Division of Corporation Finance

U.S. Securities and Exchange Commission

 100 F Street, N.E.

Mail Stop 4561

 Washington, D.C. 20549

Attention:

Ms. Kristin Lochhead, Accounting Branch Chief

Mr. Brian Cascio, Accounting Branch Chief

Mr. Geoffrey Kruczek, Special Counsel

Mr. Jay Ingram, Legal Branch Chief

          Re:

Canaan Inc.

Amendment No. 4 to Registration Statement on Form F-1

File No. 333-234356

 Ladies and Gentlemen:

On behalf of our client, Canaan Inc., an exempted company incorporated under the laws of the Cayman Islands with limited liability (the
“Company”), we are filing herewith Amendment No. 4 (“Amendment No. 4”) to the Company’s above-reference Registration Statement on Form F-1 (the “Registration
Statement”) via EDGAR with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”).

 Simpson Thacher & Bartlett

 November 20, 2019

 We enclose herewith five (5) courtesy copies of Amendment No. 4, which has been marked to
show changes to the Company’s Amendment No. 3 to the Registration Statement filed with the Commission on November 18, 2019 (the “November 18 Filing”).

The Company has revised the number of investors who have indicated their interest in purchasing over 5% of the ADSs being offered in the
offering to fourteen investors on page 174 of Amendment No. 4.

 2

 Simpson Thacher & Bartlett

 November 20, 2019

 If you have any question regarding Amendment No. 4, please do not hesitate to contact me
at +852-2514-7650 (work), +852-9198-4235 (mobile) or clin@stblaw.com (email) or Howie Farn at +852-2514-7668 (work), +852-6710-2672 (mobile) or hfarn@stblaw.com (email).

Very truly yours,

 /s/ Chris K.H. Lin

Chris K.H. Lin

 Enclosures

 cc:

Nangeng Zhang, Chairman and Chief Executive Officer

Jianping Kong, Director and co-chairman

Quanfu Hong, Vice President of Finance

Canaan Inc.

 Howie Farn

Yi-Ping Chang

Simpson Thacher & Bartlett

Calvin C. Lai

 Valerie Ford
Jacob

 Freshfields Bruckhaus Deringer

Steven Zhao

PricewaterhouseCoopers Zhong Tian LLP

 3