TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo February 28, 2023 Hongtao Shi Chief Executive Officer Prestige Wealth Inc. Suite 5102, 51/F Cheung Kong Center 2 Queen s Road Central Hong Kong Re: Prestige Wealth Inc. Amendment No. 2 to Registration Statement on Form F-1 Filed February 10, 2023 File No. 333-267999 Dear Hongtao Shi: We have reviewed your 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 amending your registration statement and providing the requested information. 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 any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our December 19, 2022 letter. Amendment No. 2 to Registration Statement on Form F-1 filed February 10, 2023 General 1. We note your response to prior comment 4. Please supplementally provide your detailed legal analysis as to whether any of the Asset Management Subsidiaries are operationally integrated with PWAI, your California entity, or otherwise have an operational nexus to the United States. In your response, please address, in detail, each of the factors raised in the Richard Ellis SEC Staff No-Action Letter (1981). Hongtao Shi FirstName LastNameHongtao Shi Prestige Wealth Inc. Comapany28, February NamePrestige 2023 Wealth Inc. February Page 2 28, 2023 Page 2 FirstName LastName Risk Factors If we were deemed to be an "investment company" under the Investment Company Act of 1940..., page 33 2. Please revise your risk factor language here to explain the relevant sections of the 1940 Act in plain English. In addition, clearly disclose the bases on which you claim to be exempt from registration and regulation under the 1940 Act. You may contact William Schroeder at 202-551-3294 or Michael Volley at 202-551- 3437 if you have questions regarding comments on the financial statements and related matters. Please contact David Gessert at 202-551-2326 or Susan Block at 202-551-3210 with any other questions. Sincerely, Division of Corporation Finance Office of Finance cc: Ying Li, Esq.