0000000000-18-031486.txt : 20181218 0000000000-18-031486.hdr.sgml : 20181218 20181005122512 ACCESSION NUMBER: 0000000000-18-031486 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20181005 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: TuanChe Ltd CENTRAL INDEX KEY: 0001743340 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 9F, RUIHAI BUILDING STREET 2: NO. 21 YANGFANGDIAN ROAD CITY: BEIJING STATE: F4 ZIP: 100038 BUSINESS PHONE: 00861063998902 MAIL ADDRESS: STREET 1: 9F, RUIHAI BUILDING STREET 2: NO. 21 YANGFANGDIAN ROAD CITY: BEIJING STATE: F4 ZIP: 100038 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S0Q M-C O3R Q,2]%(#(X,C,X+TX@,B]4(#,S.#8S+T@@6R T-34@,30Y73X^#65N M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50 M87)M7!E+UA2968O5ULQ(#(@,5T^/G-T,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)S%5\MRVS84W>LK[J[JC,T0?(GLSH\X31K7L:Q.IMU! 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filename2.txt October 4, 2018 Zhihai Mao Chief Financial Officer TuanChe Limited 9F, Ruihai Building, No. 21 Yangfangdian Road Haidian District Beijing 100038, People's Republic of China Re: TuanChe Limited Amendment No. 1 to Draft Registration Statement on Form F-1 Submitted September 19, 2018 CIK No. 0001743340 Dear Mr. Mao: We have reviewed your draft amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. 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 our comments apply 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 these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 27, 2018 letter. Amendment No. 1 to Draft Registration Statement on Form F-1 Submitted September 19, 2018 Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources, page 84 1. We note your revised disclosure of the amount of cash held in offshore accounts and in China in response to prior comment 1. Please ensure that the updated amounts as of June 30, 2018 reconcile to the amount of cash and cash equivalents on the balance sheet. Zhihai Mao TuanChe Limited October 4, 2018 Page 2 Contractual Obligations, page 87 2. We note the significant contractual obligation under operating lease agreements related to your auto show venues, which appears to represent a significant increase to your historical venue rental costs. Please revise your discussion in the applicable sections of Management's Discussion and Analysis of Financial Condition and Results of Operations to address the reasonably expected impact from these commitments on your liquidity, capital resources and results of operations. Refer to Item 5.D of Part I of Form 20-F. Unaudited Interim Condensed Consolidated Statements of Cash Flows, page F-58 3. Please ensure that your supplemental schedule of noncash investing and financing activities is materially complete. That is, disclose the conversion of the August 2017 Loan plus its accrued interests into Series C-4 preferred shares in June 2018. Refer to ASC 230-10-50-3 and 50-4. You may contact Melissa Walsh, Staff Accountant, at (202) 551-3224 or Stephen Krikorian, Accounting Branch Chief, at (202) 551-3488 if you have questions regarding comments on the financial statements and related matters. Please contact Michael Foland, Attorney-Advisor, at (202) 551-6711 or Barbara Jacobs, Assistant Director, at (202) 551- 3735 with any other questions. Sincerely, FirstName LastNameZhihai Mao Division of Corporation Finance Comapany NameTuanChe Limited Office of Information Technologies October 4, 2018 Page 2 and Services FirstName LastName