# EDGAR Filing Document

**Accession Number:** 0001900720
**File Stem:** 0000000000-25-009772
**Filing Date:** 2025-9
**Character Count:** 7969
**Document Hash:** 4c2d9b218d5cf23fd80a99bc64c1078e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-009772.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000000000-25-009772

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250909

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EPWK Holdings Ltd.
- **CENTRAL INDEX KEY:** 0001900720
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** VA

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-08361

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO. 359 CHENGYI ROAD
- **STREET 2:** DISTRICT A, BUILDING #2
- **CITY:** XIAMEN
- **PROVINCE COUNTRY:** F4
- **ZIP:** 0000
- **BUSINESS PHONE:** 86 400-1286688

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO. 359 CHENGYI ROAD
- **STREET 2:** DISTRICT A, BUILDING #2
- **CITY:** XIAMEN
- **PROVINCE COUNTRY:** F4
- **ZIP:** 0000
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-25-079661

## Text-Extract

```

                                                             September 9, 2025

Guohua Huang
Chief Executive Officer
EPWK Holdings Ltd.
Building #2, District A, No. 359 Chengyi Rd.,
The third phase of Xiamen Software Park
Xiamen City, Fujian Province
The People   s Republic of China, 361021

       Re: EPWK Holdings Ltd.
           Draft Registration Statement on Form F-1
           Submitted August 22, 2025
           CIK No. 0001900720
Dear Guohua Huang:

       We have conducted a limited review of your draft registration statement
and have the
following comment(s).

        Please respond to this letter by providing any requested information
and by publicly
filing your registration statement and non-public draft submission 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 filed
registration statement, we may have additional comments.

Draft Registration Statement on Form F-1 submitted August 22, 2025
Cover Page

1.     We note that you have included an "assumed initial public offering
price" of the Units
       and state that the price per Unit will be fixed for the duration of the
offering. If the
       "assumed" price may differ from the actual price at which the Units will
be
       sold, please explain how the offering price will be determined. Refer to
Item
       501(b)(3) of Regulation S-K and the instructions thereto.
2.     Please revise here and in the "Description of Securities We Are
Offering" section to
       describe in detail the formula for or method of determining the number
of Class A
       Ordinary Shares to be issued upon exercise of the Warrants under each of
the
       "cashless exercise" and "zero exercise price" provisions. In this
regard, you refer to
 September 9, 2025
Page 2

       but do not disclose "the formula set forth in the Warrants" for the
cashless exercise
       provision, and it is unclear how you have calculated 100,000,000 shares
as the
       maximum issuable pursuant to the Warrants using the zero exercise price
provision.
       Your statement that "[u]nder the zero exercise price option, the holder
of the
       Warrants, has the right to receive the number of Class A Ordinary Shares
as set forth
       in the applicable Warrant" does not provide sufficient detail. Explain
how and when
       the bracketed exercise price of the Warrants will be determined, and
describe any
       circumstances, aside from the holders' election to use the zero exercise
price
       provision, under which the exercise price of the Warrants may be reset
or vary.
3.     Refer to your statement that you "do not expect to receive any proceeds
from the zero
       exercise price option of the Warrants because it is highly unlikely..."
Please revise this
       statement to clearly state, if true, that you do not expect to receive
proceeds from the
       exercise of the Warrants overall, rather than specifically "from the
zero exercise price
       option" of the Warrants. Similarly, where you state that the net
proceeds of the
       offering assume "none of the Warrants issued in this offering are
exercised" at pages
       31 and 76, please explain that even if the Warrants are exercised, you
are unlikely to
       receive any cash proceeds because it is highly unlikely that the warrant
holder would
       elect to pay an exercise price when they could choose to utilize the
zero exercise price
       provision and receive more shares than they otherwise would.
Risk Factors
Risks Relating to this Offering and Our Ordinary Shares
If the holders of the Warrants elect to exercise such Warrants using the zero
exercise price...,
page 65

4.     Please revise to state more clearly that the offering is likely to
result in "substantial
       dilution," given the likelihood that holders will utilize the zero
exercise price option of
       the Warrants. Highlight the volume of shares you are seeking to
register, including
       shares underlying the warrants assuming conversion at the zero exercise
price, alone
       and as a percentage of your currently outstanding Class A Ordinary
Shares. Elaborate
       on potential impacts that dilution from the offering may have to your
trading price and
       listing status, and specifically address how it may impact your ability
to regain
       compliance with Nasdaq's minimum bid price requirement.
Plan of Distribution, page 172

5.     Your disclosure that you "intend to complete one closing of this
offering, but may
       undertake one or more additional closings for the sale of additional
securities to the
       investors in the initial closing" appears inconsistent with disclosure
on the cover page
       that you "will have one closing for all the securities purchased in this
offering" and
       that the offering "will terminate upon the completion of a single
closing, which is
       expected to occur on..." Please reconcile or advise.
General

6.     We note from your current report on Form 6-K filed August 26, 2025 that
you are
       seeking shareholder approval of an increase in authorized Class A and
Class B
       Ordinary Shares, as well as a share consolidation with a ratio between
1:2 and 1:100.
       Please disclose these developments and your plans for a reverse stock
split where
 September 9, 2025
Page 3

       appropriate throughout the registration statement, including the
proposed ratio, if
       known. Explain whether, and if so how, a reverse stock split will impact
the terms of
       the Warrants (e.g., exercise price, number of Class A Ordinary Shares
issuable upon
       exercise, etc.).
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       We also remind you that your registration statement and non-public draft
submission
must be on file at least two business days prior to the requested effective
date and time. Refer
to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to
review any amendment prior to the requested effective date of the registration
statement.

       Please contact Rebekah Reed at 202-551-5332 or Dietrich King at
202-551-8071 with
any questions.

                                                             Sincerely,

                                                             Division of
Corporation Finance
                                                             Office of Trade &
Services
cc:   Benjamin Yao

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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