Correspondence 0001493152-24-042431 from Meiwu Technology Co Ltd (WNW) (CIK 0001787803) (WNW)
Meiwu Technology Co Ltd (WNW) (CIK 0001787803)
Date: Oct. 24, 2024 · CIK: 0001787803 · Accession: 0001493152-24-042431
AI Filing Summary & Sentiment
File numbers found in text: 333-282379
Show Raw Text
CORRESP
1
filename1.htm
Meiwu
Technology Company Limited
1602,
Building C, Shenye Century Industrial Center
No.
743 Zhoushi Road, Hangcheng Street,
Bao’an
District,
Shenzhen,
People’s Republic of China
October
24, 2024
VIA
EDGAR
Aliya
Ishmukhamedova
Jan
Woo
Division
of Corporation Finance
Office
of Technology
U.S.
Securities and Exchange Commission
100
F Street, N.E.
Washington,
D.C. 20549
Re:
Meiwu Technology Company Limited
Registration
Statement on Form F-1
Filed
September 27, 2024
File No. 333-282379
Ladies
and Gentlemen:
Meiwu
Technology Company Limited (“we” or the “Company”) is hereby providing responses to comments of the Staff (the
“Staff”) of the U.S. Securities and Exchange Commission (the “SEC”) issued on October 9, 2024 regarding the Company’s
Registration Statement on Form F-1 that was filed with the Commission on September 27, 2024 (the “Staff’s Letter”).
Registration
Statement on Form F-1
Cover
Page
1.
We note
that this is a best-efforts offering of up to 60,000,000 ordinary shares, but you are also registering the issuance of 50% of the
total offering shares to Mr. Xia, the chairman of the company. It appears that an offer was made and commitment obtained from Mr.
Xia and other unaffiliated purchasers under a securities purchase agreement prior to the filing of this registration statement. Please
explain why you believe the registration of the primary issuance of these shares by the company to Mr. Xia is appropriate. For guidance,
refer to Securities Act Sections Compliance and Disclosure Interpretation 134.03.
RESPONSE:
In response to the Staff’s comment, we respectfully confirmed with the Staff that the Company has entered into a securities
purchase agreement with Mr. Xia on October 22, 2024 for the sale of 30,000,000 ordinary shares for an aggregate purchase price
of $24,000,000. The transaction was closed on October 22, 2024. We have revised the registration statement accordingly
to be for the offering of up to 30,000,000 ordinary shares by us on a best-efforts basis, and for the offer and resale of 30,000,000
ordinary shares by Mr. Xia.
2.
We note the disclosures
throughout your registration statement, including on the cover page, that your offering of ordinary shares will be at an “assumed”
public offering price. Please revise to clarify that the offering price will be fixed for the duration of this offering. Since you
are not Form S-3 eligible, it does not appear that you are eligible to conduct an at-the-market offering under Rule 415 under the
Securities Act.
RESPONSE:
In response to the Staff’s comment, we revised throughout the prospectus to clarify that the offering price will be fixed for
the duration of the primary offering of 30,000,000 ordinary shares.
General
3.
Please provide the plan
of distribution information required by Item 508 of Regulation S- K.
RESPONSE:
In response to the Staff’s comment, we provided the plan of distribution information accordingly.
********
If
you have any questions relating to the foregoing or wish to discuss any aspect of the Company’s filing please don’t hesitate
to contact us.
Sincerely,
Meiwu Technology Company Limited
By:
/s/
Changbin Xia
Name:
Changbin Xia
Title:
Chairman