SEC Company Response from Skillful Craftsman Education Technology (EDTK) — Sep 30, 2022
Skillful Craftsman Education Technology Ltd
Date: Sept. 30, 2022 · CIK: 0001782309 · Accession: 0001104659-22-104574
AI Filing Summary & Sentiment
File numbers found in text: 333-259498
Referenced dates: September 26, 2022, September 26, 2022
Letter
Division of Corporation Finance Office of Technology Ms. Jennifer López Molina Re: Skillful Craftsman Education Technology Ltd Responses to the Staff’s Comment Letter Dated September 26, 2022 File No. 333-259498
Dear Mr. Anderegg and Ms. López Molina:
On behalf of our client, Skillful Craftsman Education Technology Ltd (the “Company”), we submit to the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) this letter setting forth the Company’s responses to the comments contained in the Staff’s letter dated September 26, 2022 (the “Comment Letter”) on the Amendment No.7 to the Registration Statement on Form F-3 publicly filed with the Commission on September 7, 2022 (the “Registration Statement”). In response to these comments, the Company has revised the Registration Statement and is filing Amendment No.8 to the Registration Statement (the “Amended Registration Statement”) concurrently with the submission of this response letter.
Set forth below are the Company’s responses to the Staff’s comments. The Staff’s comments are repeated below in bold and are followed by the Company’s responses. Capitalized terms used but not defined herein are used herein as defined in the Amended Registration Statement.
Amendment No. 7 to Registration Statement on Form F-3
Cover Page
1. We note your revisions in response to our comment 1 and reissue the comment. In this regard, we note your disclosure that the VIE allows you to "(i) direct the activities of the VIE that most significantly impact the VIE’s economic performance, (ii) receive the economic benefits of the VIE that potentially could be significant to the VIE and (iii) have an exclusive option to purchase all or part of the equity interests in the VIE when and to the extent permitted by PRC law." Please avoid such characterization of your VIE. Any references to control or benefits that accrue to you because of the VIE should be limited to and clearly describe the conditions you will need to meet for consolidation of the VIE under U.S. GAAP and your disclosure should clarify that, for accounting purposes, you will be the primary beneficiary.
In response to the Staff’s comment, the Company has further revised the relevant disclosure in the 8th paragraph on cover page and pages 6 and 25 of the Amended Registration Statement.
* * *
c/o 3501 Two Exchange Square, 8 Connaught Place, Central, Hong Kong
t: + 852 3758 1200 f: + 852 3014 7818 cooley.com
If you have any questions regarding the Amended Registration Statement, please contact the undersigned by phone at +852-3758-1210 or via e-mail at wcai@cooley.com.
Very truly yours,
/s/ Will H. Cai
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filename1.htm
Will H. Cai
+852 3758 1210
wcai@cooley.com
September 30, 2022
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Technology
100 F Street, N.E.
Washington, D.C. 20549
Attn: Mr. Scott Anderegg
Ms. Jennifer López Molina
Re: Skillful Craftsman Education Technology Ltd
Responses to the Staff’s Comment Letter Dated September
26, 2022
File No. 333-259498
Dear Mr. Anderegg and Ms. López Molina:
On behalf of our client, Skillful
Craftsman Education Technology Ltd (the “Company”), we submit to the staff (the “Staff”)
of the Securities and Exchange Commission (the “Commission”) this letter setting forth the Company’s responses
to the comments contained in the Staff’s letter dated September 26, 2022 (the “Comment Letter”) on the
Amendment No.7 to the Registration Statement on Form F-3 publicly filed with the Commission on September 7, 2022 (the “Registration
Statement”). In response to these comments, the Company has revised the Registration Statement and is filing Amendment No.8
to the Registration Statement (the “Amended Registration Statement”) concurrently with the submission of this
response letter.
Set forth below are the Company’s
responses to the Staff’s comments. The Staff’s comments are repeated below in bold and are followed by the Company’s
responses. Capitalized terms used but not defined herein are used herein as defined in the Amended Registration Statement.
Amendment No. 7 to Registration Statement
on Form F-3
Cover Page
1. We note your revisions in response to our comment 1 and reissue the comment. In this regard, we note
your disclosure that the VIE allows you to "(i) direct the activities of the VIE that most significantly impact the VIE’s economic
performance, (ii) receive the economic benefits of the VIE that potentially could be significant to the VIE and (iii) have an exclusive
option to purchase all or part of the equity interests in the VIE when and to the extent permitted by PRC law." Please avoid such
characterization of your VIE. Any references to control or benefits that accrue to you because of the VIE should be limited to and clearly
describe the conditions you will need to meet for consolidation of the VIE under U.S. GAAP and your disclosure should clarify that, for
accounting purposes, you will be the primary beneficiary.
In response to the Staff’s comment,
the Company has further revised the relevant disclosure in the 8th paragraph on cover page and pages 6 and 25 of the Amended
Registration Statement.
* * *
c/o 3501 Two Exchange Square, 8 Connaught Place,
Central, Hong Kong
t: + 852 3758 1200 f: + 852 3014 7818 cooley.com
If you have any questions regarding
the Amended Registration Statement, please contact the undersigned by phone at +852-3758-1210 or via e-mail at wcai@cooley.com.
Very truly yours,
/s/ Will H. Cai
Will H. Cai
cc: Xiaofeng Gao, Co-Chief Executive Officer, Skillful Craftsman
Education Technology Limited
Bin Fu, Co-Chief Executive Officer, Skillful Craftsman Education Technology Limited
Dawei Chen, Chief Financial Officer, Skillful Craftsman Education Technology Limited
Frank Parrish, Partner, TPS Thayer, LLC
Eric Huang, Partner, V&T Law Firm
c/o 3501 Two Exchange Square, 8 Connaught Place,
Central, Hong Kong
t: + 852 3758 1200 f: + 852 3014 7818 cooley.com