Correspondence 0001104659-23-130309 from ZEEKR Intelligent Technology Holding Ltd (ZK) (CIK 0001954042)
ZEEKR Intelligent Technology Holding Ltd (ZK) (CIK 0001954042)
Date: Dec. 29, 2023 · CIK: 0001954042 · Accession: 0001104659-23-130309
AI Filing Summary & Sentiment
Referenced dates: November 30, 2023
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Davis
Polk & Wardwell
Hong Kong Solicitors
The Hong Kong Club Building
3A Chater Road
Hong Kong
davispolk.com
Resident Hong Kong Partners
Yang
Chu **
James C. Lin *
Gerhard Radtke *
Martin Rogers **
Miranda
So *
James Wadham **
Xuelin Wang *
Hong
Kong Solicitors
* Also Admitted in New York
** Also Admitted in England and
Wales
December 29,
2023
Re:
ZEEKR
Intelligent Technology Holding Limited (CIK: 0001954042)
Amendment No. 1 to Registration Statement on Form F-1 Filed on November 24, 2023
Confidential
Mr. Charles
Eastman
Mr. Hugh West
Mr. Bradley Ecker
Mr. Geoffrey Kruczek
Division of Corporation Finance
Office of Manufacturing
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Ladies and Gentlemen:
On
behalf of ZEEKR Intelligent Technology Holding Limited (the “Company”), an exempted company incorporated under the
laws of the Cayman Islands, 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 November 30,
2023 on the Company’s Amendment No. 1 to Registration Statement on Form F-1 filed on November 24, 2023 (the “Registration
Statement”). Concurrently with the submission of this letter, the Company is publicly filing its revised registration statement
on Form F-1 (the “Revised Registration Statement”) and certain exhibits via EDGAR to the Commission. The Company
confirms that its securities have not been previously sold pursuant to an effective registration statement under the Securities Act of
1933, as amended (the “Securities Act”).
The
Company has responded to the Staff’s comments by revising the Registration Statement or by providing an explanation if the Company
has not so revised the Registration Statement. The Staff’s comments are repeated below in bold, followed by the Company’s
response to such comments. The Company has included page numbers to refer to the location in the Revised Registration Statement
where the language addressing a particular comment appears.
December 29,
2023
Subject
to the review of the Staff, the Company currently plans to file another amendment to the Registration Statement containing the estimated
offering size and price range on or around January 16, 2024 and commence its roadshow and related marketing activities shortly thereafter.
The Company currently plans to request that the Staff declare the effectiveness of the Registration Statement on or about January 23,
2024. The Company would appreciate the Staff’s continued assistance to help it meet this timeline.
* * * *
Amendment
No. 1 to Registration Statement on Form F-1 filed November 24, 2023
Recent Developments,
page 16
1. Please
revise to include your recent developments discussion and analysis prominently within your
MD&A.
The
Company respectfully advises the Staff that it has included (i) the interim financial statements as of and for the nine months ended
September 30, 2022 and 2023, respectively, and (ii) the management’s discussion and analysis of financial condition and
results of operations as of and for the nine months ended September 30, 2023 in comparison to the nine months ended September 30,
2022 in the Revised Registration Statement. The Company also removed the previous discussion in recent developments discussion and analysis
therefrom.
2. We
note you have provided certain selected unaudited combine and consolidated statements of
operations data for the nine months ended September 30, 2022 and 2023. Please revise
to also include combined and consolidated balance sheets as of September 30, 2023 along
with a discussion of your liquidity.
The
Company respectfully advises the Staff that the interim financial statements as of and for the nine months ended September 30, 2022
and 2023, respectively, has been included in the Revised Registration Statement. The liquidity discussion has been updated as part of
the management’s discussion and analysis of financial condition and results of operations in response to the Staff’s comment.
General
3. Please
revise to discuss the arbitration provisions in Exhibit 4.3 and the related risks to
investors, such as increased costs to bring a claim, limited access to information and other
imbalances of resources between the company and shareholders, and that the provision can
discourage claims or limit shareholders’ ability to bring a claim in a judicial forum
that they find favorable. State specifically whether the provisions apply to claims arising
under the federal securities laws and whether there is any concerns regarding the enforceability
of the provision.
The
Company respectfully advises the Staff that it has revised the disclosures on page 209 in the Revised Registration Statement in
response to the Staff’s comment. The Company respectfully advises the Staff that the arbitration provisions are at the election
of the investors and does not preclude them from pursuing claims under the Securities Act or the Exchange Act in federal courts. Therefore,
the Company believes that there are no related risks to investors as the arbitration provisions only provides an additional forum for
investors to seek redress should they find the forum more favorable.
* * * *
December 29,
2023
If
you have any questions regarding this submission, please contact Ran Li at +86-10-8567-5013 (ran.li@davispolk.com).
Thank
you again for your time and attention.
Yours sincerely,
/s/
Ran Li
Ran Li
cc: Mr. Conghui
An, Chief Executive Officer
Mr. Jing
Yuan, Chief Financial Officer
ZEEKR
Intelligent Technology Holding Limited
Mr. Neo
Lin, Partner
Deloitte Touche Tohmatsu Certified Public Accountants LLP