# EDGAR Filing Document

**Accession Number:** 0002067016
**File Stem:** 0000000000-25-008154
**Filing Date:** 2025-8
**Character Count:** 9878
**Document Hash:** d5eaf0398a47596b8ee00f612c4be082
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-008154.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000000000-25-008154

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250804

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HAMA Intelligence Ltd
- **CENTRAL INDEX KEY:** 0002067016
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-08184

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 63 MODY ROAD
- **CITY:** TSIM SHA TSUI EAST
- **PROVINCE COUNTRY:** K3
- **ZIP:** NULL
- **BUSINESS PHONE:** 852-3691-8335

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 63 MODY ROAD
- **CITY:** TSIM SHA TSUI EAST
- **PROVINCE COUNTRY:** K3
- **ZIP:** NULL

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hama International Ltd
- **DATE OF NAME CHANGE:** 20250505
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001185185-25-000726

## Text-Extract

```

                                                             August 3, 2025

Wai Ting, CHEUNG
Chief Executive Officer
HAMA Intelligence Ltd
380 Jalan Besar, #07-10 ARC 380
Singapore 209000

       Re: HAMA Intelligence Ltd
           Draft Registration Statement on Form F-1
           Submitted July 7, 2025
           CIK 0002067016
Dear Wai Ting, CHEUNG:

     We have reviewed your 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.

Draft Registration Statement on Form F-1 Submitted July 7, 2025
Cover Page

1.     Please revise your disclosure here and elsewhere throughout your
registration
       statement where appropriate to state whether any distributions have been
made to date
       between the holding company and its subsidiaries, or to investors, and
quantify the
       amounts where applicable.
2.     Please amend your disclosure here and in the summary risk factors and
risk factors
       sections to state that, to the extent cash/assets in the business are in
Hong Kong or a
       Hong Kong entity, the funds/assets may not be available to fund
operations or for
       other use outside of Hong Kong due to interventions in or the imposition
of
       restrictions and limitations on the ability of you or your subsidiaries
by the PRC
 August 3, 2025
Page 2

       government to transfer cash/assets. On the cover page, provide
cross-references to
       these other discussions.
3.     Discuss whether there are limitations on your ability to transfer cash
between you
       and your subsidiaries or investors. Provide a cross-reference to your
discussion of this
       issue in your prospectus summary, summary risk factors, and risk factors
sections, as
       well. Also state here that you have no cash management policies that
dictate how
       funds are transferred between you, your subsidiaries, or investors, as
you do on page
       4.
Other Pertinent Information, page iii

4.     Please revise the definition of "Controlling Shareholder" to state that
Mr. Wing Sum,
       HO is the Chairman of the board of directors and Chief Financial Officer
of the
       company.
Prospectus Summary, page 1

5.     Please revise your disclosure in this section and elsewhere throughout
the registration
       statement as appliable to discuss this implications of being a
controlled company.
       Specifically, revise your disclosure here and elsewhere as appropriate
to provide
       examples of corporate matters that your director and CFO, Mr. Wing Sum
Ho, will
       have the ability to control or significantly influence the outcome of as
matters
       requiring approval by shareholders (e.g., the election of directors,
amendment of
       organizational documents, and approval of major corporate transactions,
such as a
       change in control, merger, consolidation, or sale of assets). Consider
the use of a
       cross-reference to your risk factor beginning "Our Controlling
Shareholder has
       sgnificant voting power..." on page 29.
Corporate Structure, page 2

6.     Revise your corporate structure diagram to reflect the ownership
percentage of shares
       by class of shares (i.e., Class A and Class B Ordinary Shares) as well
as the voting
       power associated with each ownership interest, respectively. We note
your current
       disclosure is reflected as the number of shares held rather than the
percentage of total
       shares. Also revise footnote 1 to state that Mr. Wing Sum, HO is the
Chairman of the
       board of directors and Chief Financial Officer of the company. Make
conforming
       changes to the diagram on page 49.
Permission Required from Hong Kong Authorities, page 4

7.     Please revise your disclosure here and in the subsection immediately
below titled
       "Permission Required from Mainland China Authorities" to state whether
any
       permissions or approvals have been denied.
Business
Our Competitve Strengths
Our customer base spans a diverse array..., page 51

8.     Please revise your disclosure here and elsewhere throughout your
registration
       statement as applicable to disclose in greater detail, by way of example
or otherwise,
       the "wide range of industries" that enable you to have solid
cross-industry insights for
 August 3, 2025
Page 3

       advising your clients.
Business financial consulting services
Business development advisory, page 56

9.     Please revise this section and your disclosure elsewhere throughout your
registration
       statement to discuss in greater detail the specific services you offer
through your
       business development advisory service. We note your statement that this
is a
       comprehensive service "which aims to help companies seize new
opportunities and
       achieve sustainable growth by improving their business operations,
market presence
       and revenue stream." We also note that this service category represents
the majority of
       your revenues including approximately 78% of your revenues for the year
ended
       February 28, 2025.
Service Contracts and Standard Terms, page 56

10.    Please revise your disclosure to state with greater specificity the
typical terms of your
       service agreements with clients (e.g., duration). We note that you do
not engage in
       "long-term" service contracts. Additionally, please state whether these
agreements are
       written or otherwise. Last, please consider filing any exhibits in
connection with Item
       601(b)(10) of Regulation S-K, including any agreements of which you may
be
       substantially dependent. We note that while your customer concentration
has
       decreased for the year ended February 28, 2025, your top four customers
contributed
       approximately 62.1% of your total service income.
Regulations, page 60

11.    Revise to disclose the material effects the various government
regulations you
       discuss here have on your business. Refer to Item 4.B.8. of Form 20-F.
Certain Relationships and Related-Party Transactions
Transactions with Related Parties, page 72

12.    Please revise your disclosure here to make clear that Mr. Wing Sum Ho is
your
       controlling shareholder, director and CFO. Additionally, please revise
your disclosure
       to clearly present the original amounts of funds received from Mr. Ho,
the terms of
       these transactions (e.g., interest rate or duration term for repayment),
if any, as well as
       clearly identify any outstanding balances. Further, please make clear by
brief
       description the purpose of these transactions with Mr. Ho. Last, please
provide a risk
       factor on point as applicable.
Enforceability of Civil Liabilities, page 95

13.    If you have one or more directors, officers or members of senior
management located
       in the PRC or Hong Kong, please state that is the case and identify the
relevant
       individuals and their location.
General

14.    Please provide us with supplemental copies of all written
communications, as defined
       in Rule 405 under the Securities Act, that you, or anyone authorized to
do so on your
       behalf, have presented or expect to present to potential investors in
reliance on Section
 August 3, 2025
Page 4

       5(d) of the Securities Act, whether or not you retained, or intend to
retain, copies of
       those communications. Please contact the staff member associated with
the review of
       this filing to discuss how to submit the materials, if any, to us for
our review.
       Please contact Scott Stringer at 202-551-3272 or Theresa Brillant at
202-551-3307 if
you have questions regarding comments on the financial statements and related
matters. Please contact Kate Beukenkamp at 202-551-3861 or Lilyanna Peyser at
202-551-
3222 with any other questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Trade &
Services

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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