Correspondence 0001493152-24-039327 from Fitness Champs Holdings Ltd (FCHL)
Fitness Champs Holdings Ltd
Date: Oct. 3, 2024 · CIK: 0002023796 · Accession: 0001493152-24-039327
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File numbers found in text: 333-282016
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Fitness
Champs Holdings Limited
7030
Ang Mo Kio
Avenue
5, #04-48
NorthStar@AMK
Singapore
569880
October
3, 2024
VIA
EDGAR
Securities
and Exchange Commission
Division
of Corporation Finance
Washington,
D.C. 20549
Attention:
Alyssa Wall
Re:
Fitness
Champs Holdings Limited (the “Company”)
Registration
Statement on Form F-1 Submitted September 9, 2024
File
Number 333-282016
Ladies
and Gentlemen:
We
have set forth below responses to the comment of the staff (the “Staff”) of the Securities and Exchange Commission
contained in its letter of September 30, 2024 with respect to the Company’s Registration Statement, as noted above.
For
your convenience, the text of the Staff’s comment is set forth below in italics, followed by the Company’s response. Please
note that all references to page numbers in the responses are references to the page numbers in the Amendment No. 1 to the Registration
Statement submitted concurrently with the submission of this letter in response to the Staff’s comment.
Registration
Statement on Form F-1
Presentation
of Financial Information, page 2
1.
We
note your disclosure regarding your intention to amend your memorandum of association to effect a 1:200 forward stock split and the
accompanying surrender of shares by your current shareholders. Please expand your disclosure to discuss whether the shareholders
will receive any consideration for these surrenders or if there are any agreements or arrangements in place under which they will
surrender the shares.
We
have revised the disclosure on page 2 to clarify that the shareholders will not receive any consideration for the surrender of
their shares.
Capitalization,
page 34
2.
Your
disclosure says the table sets forth your capitalization on a pro forma as adjusted basis to reflect the issuance and sale of 2,000,000
Ordinary Shares in this offering. On page 12 you disclose that you are offering 1,500,000 Ordinary Shares and the Selling Shareholders
are offering 500,000 Ordinary Shares. It does not appear that the shares offered by the selling shareholders would impact your capitalization
considering the shares are already outstanding and you will not receive any of the proceeds. Please advise or make any necessary
corrections.
We
have revised the disclosure on page 34 to clarify that the resale shares should not be included in the capitalization calculation.
Principal
and Selling Shareholders, page 107
3.
We
note your disclosure in the footnotes to the provided table that “Ms. Lee does not hold any Shares individually.” To
provide additional context to investors, please revise your disclosure to clearly indicate whether Ms. Lee is the beneficial owner
of the shares held by Big Treasure. Refer to General Instruction F to Form 20-F.
We
have revised the disclosure on page 107 to indicate that Ms. Lee is the beneficial owner of the shares held by Big Treasure.
If
you have any questions regarding this response, please direct them to our counsel David Ficksman at 310-789-1290 or dficksman@troygould.com
or Joilene Wood at 415-305-4651 or jwood@troygould.com.
Sincerely,
Fitness
Champs Holdings Limited
By:
/s/
Joyce Lee Jue Hui
Joyce
Lee Jue Hui
Chief
Executive Officer
cc:
David
L. Ficksman
R.
Joilene Wood