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SEC Comment Letter 0000000000-24-002591 to JIADE Ltd (JDZG)

JIADE Ltd
Date: March 8, 2024 · CIK: 0001976908 · Accession: 0000000000-24-002591

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File numbers found in text: 333-276283

Date
March 8, 2024
Author
Yuan Li
Form
UPLOAD
Company
JIADE Ltd

Letter

United States securities and exchange commission logo March 8, 2024 Yuan Li Chief Executive Officer JIADE LIMITED Unit 2-02, Puningdun Business Plaza No. 1702 and 1706 Minjiang Road Jinjiang District, Chengdu City, Sichuan Province The People’s Republic of China, 610000 Re:JIADE LIMITED Amendment No. 2 to Registration Statement on Form F-1 Filed February 15, 2024 File No. 333-276283 Dear Yuan Li: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Amendment No. 2 to Registration Statement on Form F-1 Resale Prospectus - Selling Shareholder, page 3 1.Please revise to disclose whether Ms. Suetmui Lee has had a material relationship with the registrant or any of its predecessors or affiliates within three years prior to the fling of the registration statement. Refer to Item 507 of Regulation S-K. Also revise to disclose when and under what circumstances the selling shareholder received its shares of the registrant that are intended to be part of the resale transaction, as well as whether the selling shareholder is a broker-dealer, affiliate of a broker-dealer, or otherwise in the business of underwriting securities.

FirstName LastNameYuan Li Comapany NameJIADE LIMITED March 8, 2024 Page 2 FirstName LastName Yuan Li JIADE LIMITED March 8, 2024 Page 2 General 2.Please revise the prospectus cover page of the primary offering to disclose the number of shares being sold in the resale offering, and disclose on the prospectus cover page of the resale offering the number of shares being sold in the primary offering. Resale Prospectus Cover Page 3.We note the disclosure on the prospectus cover page of the resale offering that "[i]t is a condition to the closing of this offering that the Ordinary Shares qualify for listing on a national securities exchange," thereby indicating that sales in the resale offering will not take place until after the completion of your initial public offering and your listing. Please reconcile this with your disclosure on the prospectus cover page of the resale offering and in the Selling Shareholder's Plan of Distribution section that the selling shareholder "will sell at the price at which we sell Ordinary Shares in our public offering," and then sell at prevailing market prices "[o]nce, and if, our Ordinary Shares are listed on the Nasdaq...and there is an established market," as well as your disclosure on pages 1 and 3 of the resale prospectus that both offerings will take place "concurrently." Make conforming changes throughout the filing, as appropriate. Please contact Patrick Kuhn at 202-551-3308 or Joel Parker at 202-551-3651 if you have questions regarding comments on the financial statements and related matters. Please contact Rucha Pandit at 202-551-6022 or Lilyanna Peyser at 202-551-3222 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Lisa Forcht

Show Raw Text
United States securities and exchange commission logo
March 8, 2024
Yuan Li
Chief Executive Officer
JIADE LIMITED
Unit 2-02, Puningdun Business Plaza
No. 1702 and 1706 Minjiang Road
Jinjiang District, Chengdu City, Sichuan Province
The People’s Republic of China, 610000
Re:JIADE LIMITED
Amendment No. 2 to Registration Statement on Form F-1
Filed February 15, 2024
File No. 333-276283
Dear Yuan Li:
            We have reviewed your amended registration statement and have the following
comment(s).
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments.
Amendment No. 2 to Registration Statement on Form F-1
Resale Prospectus - Selling Shareholder, page 3
1.Please revise to disclose whether Ms. Suetmui Lee has had a material relationship with the
registrant or any of its predecessors or affiliates within three years prior to the fling of the
registration statement. Refer to Item 507 of Regulation S-K. Also revise to disclose when
and under what circumstances the selling shareholder received its shares of the registrant
that are intended to be part of the resale transaction, as well as whether the selling
shareholder is a broker-dealer, affiliate of a broker-dealer, or otherwise in the business of
underwriting securities.

 FirstName LastNameYuan Li
 Comapany NameJIADE LIMITED
 March 8, 2024 Page 2
 FirstName LastName
Yuan Li
JIADE LIMITED
March 8, 2024
Page 2
General
2.Please revise the prospectus cover page of the primary offering to disclose the number of
shares being sold in the resale offering, and disclose on the prospectus cover page of the
resale offering the number of shares being sold in the primary offering.
Resale Prospectus Cover Page
3.We note the disclosure on the prospectus cover page of the resale offering that "[i]t is a
condition to the closing of this offering that the Ordinary Shares qualify for listing on a
national securities exchange," thereby indicating that sales in the resale offering will not
take place until after the completion of your initial public offering and your listing. Please
reconcile this with your disclosure on the prospectus cover page of the resale offering
and in the Selling Shareholder's Plan of Distribution section that the selling shareholder
"will sell at the price at which we sell Ordinary Shares in our public offering," and then
sell at prevailing market prices "[o]nce, and if, our Ordinary Shares are listed on the
Nasdaq...and there is an established market," as well as your disclosure on pages 1 and 3
of the resale prospectus that both offerings will take place "concurrently." Make
conforming changes throughout the filing, as appropriate.
            Please contact Patrick Kuhn at 202-551-3308 or Joel Parker at 202-551-3651 if you have
questions regarding comments on the financial statements and related matters. Please contact
Rucha Pandit at 202-551-6022 or Lilyanna Peyser at 202-551-3222 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc:       Lisa Forcht