0000000000-24-008103.txt : 20250305 0000000000-24-008103.hdr.sgml : 20250305 20240717103608 ACCESSION NUMBER: 0000000000-24-008103 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240717 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Huachen AI Parking Management Technology Holding Co., Ltd CENTRAL INDEX KEY: 0001958399 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 377-07008 BUSINESS ADDRESS: STREET 1: NO.1018 HAIHE ROAD, DUSHANGANG TOWN STREET 2: PINGHU CITY, JIAXING, ZHEJIANG PROVINCE CITY: JIAXING STATE: F4 ZIP: 314205 BUSINESS PHONE: 86 68368658 MAIL ADDRESS: STREET 1: NO.1018 HAIHE ROAD, DUSHANGANG TOWN STREET 2: PINGHU CITY, JIAXING, ZHEJIANG PROVINCE CITY: JIAXING STATE: F4 ZIP: 314205 PUBLIC REFERENCE ACCESSION NUMBER: 0001213900-23-096715 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C<*)>+CS],*-2 P(&]B:@H\/"]&:6QT97(O1FQA=&5$96-O9&4O M3&5N9W1H(#$P,3$^/G-T$OR5YU M@[]*G&&JVJ5#JB&& M3L&%IDT'=VS!3:=IQY6$^XYVOB@>KI1>PM5I-%:DV/=QW\^7O.M8#<[4R<\] M?1B?[4&>W_SNX(5A&$VS,IE.7Q2NP%%+DV1']P6C>NN'XAGO^YBIK9.B5.74 M!6V??'UFT%*<#,T>.5MC!QO5:Z"6-3S4CBK]E"JSIXK*VL=V:-U&":'6@^5. 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filename2.txt July 17, 2024 Bin Lu Chief Executive Officer Huachen AI Parking Management Technology Holding Co., Ltd No.1018 Haihe Road, Dushangang Town Pinghu City, Jiaxing Zhejiang Province, China 314205 Re: Huachen AI Parking Management Technology Holding Co., Ltd Amendment No. 2 to Draft Registration Statement on Form F-1 Submitted July 3, 2024 CIK No. 0001958399 Dear Bin Lu: We have reviewed your amended draft registration statement and have the following comment(s). Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. 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 the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our March 8, 2024 letter. Amendment No. 2 to Draft Registration Statement on Form F-1 Capitalization, page 47 1. We note your updated presentation in response to prior comment 4 and reissue our comment. Please limit the liability section of your capitalization table to only include your short- and long-term bank loans. July 17, 2024 Page 2 Business, page 65 2. We note your updated disclosure in response to prior comment 5 and reissue our comment. As your 2022 revenue percentages disclosed in the table on page 65 still appear incorrect, please revise your filing accordingly. General 3. We note disclosure on page 52 regarding a shift in your business (with cubic parking garage revenues representing 23% in 2023 compared with 81% in 2022, and equipment structural parts revenues representing 75% in 2023 compared with 16% in 2022). Please address the following items: Revise the business section to more fully describe your equipment structural parts business, providing an analogous level of detail as provided for your cubic parking garage business. Include, without limitation, discussion regarding manufacturing, marketing and sales, and customers for equipment structural parts. Further describe the real estate policy regulation disclosed as the reason for your business shift, clarifying whether and how the regulation limits your cubic parking garage business. Disclose whether the business shift is expected to be permanent, temporary, or variable from period-to-period, identifying and discussing the main factors that influence your decision to scale operations up or down. As appropriate, revise disclosure throughout the prospectus that presents your company as a smart parking solutions provider to provide a more balanced description as an equipment structural parts provider. Please contact SiSi Cheng at 202-551-5004 or Andrew Blume at 202-551-3254 if you have questions regarding comments on the financial statements and related matters. Please contact Bradley Ecker at 202-551-4985 or Jennifer Angelini at 202-551-3047 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing