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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

Date
Dec. 29, 2023
Author
Not clearly detected
Form
CORRESP
Company
ZEEKR Intelligent Technology Holding Ltd (ZK) (CIK 0001954042)

Letter

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,

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,

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,

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

Show Raw Text
CORRESP
1
filename1.htm

    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