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26th Floor, Gloucester Tower |
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The Landmark |
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15 Queen’s Road Central |
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Hong Kong |
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Telephone: +852 3761 3300 |
David Zhang |
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Facsimile: +852 3761 3301 |
To Call Writer Directly |
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www.kirkland.com |
+852 3761 3318 |
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david.zhang@kirkland.com |
September 8, 2020
CONFIDENTIAL
Draft Registration Statement
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: Kuke Music Holding Limited
Confidential Submission of Draft Registration Statement on Form F-1
Dear Sir or Madam:
On behalf of our client, Kuke Music Holding Limited (the “Company”), a foreign private issuer incorporated under the laws of the Cayman Islands, we are submitting the Company’s draft registration statement on Form F-1 (the “Draft Registration Statement”) relating to a proposed initial public offering in the United States of American Depositary Shares (“ADSs”), representing the Company’s ordinary shares, which have a par value of US$0.001 per share. The Draft Registration Statement is submitted via EDGAR to the Securities and Exchange Commission (the “Commission”) for confidential non-public review pursuant to the Jumpstart Our Business Startups Act (the “JOBS Act”). The Company confirms that it is an “Emerging Growth Company” as defined in the JOBS Act and its securities have not been previously sold pursuant to an effective registration statement under the Securities Act of 1933, as amended. The Company also confirms that it will publicly file the registration statement and the non-public draft registration statements previously submitted on a confidential basis at least 15 days prior to any road show in connection with the offering. A registration statement on Form F-6 relating to the ADSs will be filed with the Commission in due course.
The Company respectfully advises the Commission that it acquired 100% equity interest in Rosenkavalier Limited (“Rosenkavalier”) on February 29, 2020 (the “Acquisition”). As such, the Company has included in the Draft Registration Statement (i) the audited consolidated financial statements of the Company at December 31, 2019 and 2018, and January 1, 2018 and for each of the two years in the period ended December 31, 2019; (ii) the audited consolidated financial statements of Rosenkavalier at December 31, 2019 and 2018, and January 1, 2018 and for each of the two years in the period ended December 31, 2019; and (iii) the unaudited pro forma condensed combined financial information as of and for the year ended December 31, 2019 based on the Company’s historical consolidated financial statements and Rosenkavalier’s historical consolidated financial statements as adjusted to give effect to the Acquisition.
PARTNERS: Pierre-Luc Arsenault3 | Lai Yi Chau | Damien Coles6 | Meng Ding3 | Justin M. Dolling6 | David Patrick Eich1,5,6 | Liu Gan2 | Karen K.Y. Ho | Damian C. Jacobs6 | Hao-Chin Jeng3 | Ka Man Lau | Guang Li3 | Neil E.M. McDonald | Kelly Naphtali | Ram Narayan3 | Nicholas A. Norris6 | Derek K.W. Poon3,6 | Peng Qi3 | Paul S. Quinn | Richard C.C. Sharpe | Jesse D. Sheley# | Arthur K.H. Tso | Susan S.X. Wang | Tarun R. Warriar6 | Li Chien Wong | David Yun6 | Jacqueline B.N. Zheng3,6
REGISTERED FOREIGN LAWYERS: Daniel J. Abercromby6 | Daniel Dusek3 | Jennifer Y.Y. Feng6 | Han Gao4 | David M. Irvine6 | Benjamin W. James4 | Cori A. Lable2 | Xiaoxi Lin3 | Daniel A. Margulies6 | Mi Tang3 | Wenchen Tang3 | Liyong Xing3 | David Zhang3
ADMITTED IN: 1 State of Illinois (U.S.A.); 2 Commonwealth of Massachusetts (U.S.A.); 3 State of New York (U.S.A.); 4 State of Texas (U.S.A.); 5 State of Wisconsin (U.S.A.); 6 England and Wales; # non-resident
Beijing Boston Chicago Dallas Houston London Los Angeles Munich New York Palo Alto Paris San Francisco Shanghai Washington, D.C.
If you have any questions regarding the Registration Statement, please contact me at david.zhang@kirkland.com, +852 3761 3318 (work) or +852 9124 8324 (cell), or Steve Lin at steve.lin@kirkland.com, + 86 10 5737 9315 (work) or +86 18610495593 (cell).
Thank you for your time and attention.
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Very truly yours, |
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/s/ David T. Zhang |
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David Zhang |
Enclosure
c.c. He Yu, Chairman of the Board and Chief Executive Officer
Tony Chan, Chief Financial Officer
David Zhang, Esq., Partner, Kirkland & Ellis International LLP
Steve Lin, Esq., Partner, Kirkland & Ellis International LLP
Amanda Mi Tang, Esq., Partner, Kirkland & Ellis International LLP
Samuel Wong, Partner, Ernst & Young
James Lin, Esq., Partner, Davis Polk & Wardwell LLP