# EDGAR Filing Document

**Accession Number:** 0001814067
**File Stem:** 0000000000-23-000678
**Filing Date:** 2023-1
**Character Count:** 16948
**Document Hash:** 199c1b23acd379c03e7acae958ebfc62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000678.hdr.sgml**: 20230425

**ACCESSION NUMBER**: 0000000000-23-000678

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230120

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lixiang Education Holding Co. Ltd.
- **CENTRAL INDEX KEY:** 0001814067
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 818 HUA YUAN STREET
- **STREET 2:** LIANDU DISTRICT
- **CITY:** LISHUI CITY. ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 323000
- **BUSINESS PHONE:** 86(578)2267142

**MAIL ADDRESS:**
- **STREET 1:** NO. 818 HUA YUAN STREET
- **STREET 2:** LIANDU DISTRICT
- **CITY:** LISHUI CITY. ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 323000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lixiang Education Holding Co . Ltd
- **DATE OF NAME CHANGE:** 20200603
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001193125-22-128185

## Text-Extract

```

United States securities and exchange commission logo

                              January 20, 2023

       Biao Wei
       Chief Executive Officer
       Lixiang Education Holding Co. Ltd.
       No. 818 Hua Yuan Street
       Liandu District, Lishui City, Zhejiang Province, 323000
       People   s Republic of China

                                                        Re: Lixiang Education
Holding Co. Ltd.
                                                            Amendment No. 2 to
Form 20-F for Fiscal Year Ended December 31, 2021
                                                            Response dated
December 22, 2022
                                                            File No. 001-39559

       Dear Biao Wei:

              We have reviewed your filing 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 these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Amendment No. 2 to Form 20-F For Fiscal Year Ended December 31, 2021

       Introduction, page iii

   1.                                                   We note your definition
of "China," "mainland China," and "PRC" excludes the Hong
                                                        Kong Special
Administrative Region. Please revise this definition to clarify that the legal
                                                        and operational risks
associated with operating in China also apply to operations in Hong
                                                        Kong.
       Item 3. Key Information, page 1

   2.                                                   We note your revised
disclosure in the first paragraph on page 1. Please revise to state
                                                        that "Lixiang Education
Holding Co., Ltd. is a Cayman Islands holding company and not
                                                        a Chinese operating
company," as you previously disclosed in amendment no. 1 to your
                                                        Form 20-F filed on
August 24, 2022.
 Biao Wei
FirstName  LastNameBiao
Lixiang Education HoldingWei
                          Co. Ltd.
Comapany
January 20,NameLixiang
            2023        Education Holding Co. Ltd.
January
Page 2 20, 2023 Page 2
FirstName LastName
3.       We note your response to comment 1 and reissue in part. We note the
updates made
         throughout the annual report, however there remains places where "our"
and "we" refers
         to the VIEs. For example, we note your statement on page 1 that "we
operate these
         businesses in China through the variable interest entity." Please
revise.
         Additionally, please revise to disclose, if true, that the variable
interest entity contracts
         have not been tested in court. Your disclosure here should acknowledge
that Chinese
         regulatory authorities could disallow this structure, which would
likely result in a material
         change in your operations and/or a material change in the value of the
securities you are
         registering for sale, including that it could cause the value of such
securities to
         significantly decline or become worthless. Provide a cross-reference
to your detailed
         discussion of risks facing the company and the offering as a result of
this structure.
4.       We note your response to comment 2 and reissue in part. We note the
updates made
         throughout the annual report; however, there remain places where you
refer to "control" of
         the VIEs without also including the clarification that it is based on
the definition provided
         by U.S. GAAP. Such references include, but are not limited to:

                You state on page 6 that "we are able to control Beijing
Xinxiang."

                You state on page 38 that "Liandu WFOE receives the economic
benefits from the
              VIEs."

                You state on page 39 that you "control and receive the economic
benefits of the VIEs
              and their subsidiaries    business operations through certain
contractual arrangements."

         Please revise.
5.       We note your structure chart on page 5 and the narrative disclosure
that you have removed
         from this section. In this section, please identify clearly the entity
in which investors are
         purchasing their interest and the entity(ies) in which the company   s
operations are
         conducted. Describe how this type of corporate structure may affect
investors and the
         value of their investment, including how and why the contractual
arrangements may be
         less effective than direct ownership and that the company may incur
substantial costs to
         enforce the terms of the arrangements. Disclose the uncertainties
regarding the status of
         the rights of the Cayman Islands holding company with respect to its
contractual
         arrangements with the VIE, its founders and owners, and the challenges
the company may
         face enforcing these contractual agreements due to legal uncertainties
and jurisdictional
         limits.
6.       In the section titled Permissions Required for Our Operations in China
on page 7, we note
         the following statements:

                "As of the date of the annual report, our PRC subsidiaries and
the VIEs have received
              from PRC authorities requisite licenses, permissions or approvals
needed to engage in
              the businesses currently conducted in China, and no permission or
approval has been
 Biao Wei
Lixiang Education Holding Co. Ltd.
January 20, 2023
Page 3
           denied."

             "If our PRC subsidiaries and the VIEs (i) do not receive or
maintain required
           permissions or approvals, (ii) inadvertently conclude that such
permissions or
           approvals are not required, or (iii) applicable laws, regulations,
or interpretations
           change and our PRC subsidiaries or the VIEs are required to obtain
such permissions
           or approvals in the future, we could be subject to fines or legal
sanctions, which may
           materially and adversely affect the business, financial condition
and results of
           operations of us and the VIEs."

      If true, please revise each statement to include the holding company.
With respect to the
      first bullet, please revise to also address any securities that may be
offered to foreign
      investors. Additionally, this section should include a statement of
whether you relied on
      PRC legal counsel in making such determinations, including the
determinations regarding
      your operations, ability to offer any securities that may be offered to
foreign investors, as
      well as the permissions and requirements from the CSRC, CAC, and any
other
      governmental agency that is required to approve the VIE's operations.
Risk Factors Summary, page 10

7.    Please revise your risk factor summary to acknowledge any risks that any
actions by the
      Chinese government to exert more oversight and control over offerings
that are conducted
      overseas and/or foreign investment in China-based issuers could
significantly limit or
      completely hinder your ability to offer or continue to offer securities
to investors and
      cause the value of such securities to significantly decline or be
worthless. Include a cross-
      reference to the appropriate risk factor as well.
        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.

       You may contact Tony Watson at 202-551-3318 or Adam Phippen at
202-551-3336 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Nicholas Nalbantian at 202-551-7470 or Cara Wirth at 202-551-7127 with
any other
questions.

                                                             Sincerely,
FirstName LastNameBiao Wei
                                                             Division of
Corporation Finance
Comapany NameLixiang Education Holding Co. Ltd.
                                                             Office of Trade &
Services
January 20, 2023 Page 3
cc:       Biao Wei
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

January 20, 2023

Biao Wei  
Chief Executive Officer  
Lixiang Education Holding Co. Ltd.  
No. 818 Hua Yuan Street  
Liandu District, Lishui City, Zhejiang Province, 323000  
People's Republic of China

**Re: Lixiang Education Holding Co. Ltd.  
Amendment No. 2 to Form 20-F for Fiscal Year Ended December 31, 2021  
Response dated December 22, 2022  
File No. 001-39559**

Dear Biao Wei:

We have reviewed your filing 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 these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments.

Amendment No. 2 to Form 20-F For Fiscal Year Ended December 31, 2021

Introduction, page iii

1. We note your definition of 'China,' 'mainland China,' and 'PRC' excludes the Hong Kong Special Administrative Region. Please revise this definition to clarify that the legal and operational risks associated with operating in China also apply to operations in Hong Kong.

Item 3. Key Information, page 1

2. We note your revised disclosure in the first paragraph on page 1. Please revise to state that 'Lixiang Education Holding Co., Ltd. is a Cayman Islands holding company and not a Chinese operating company,' as you previously disclosed in amendment no. 1 to your Form 20-F filed on August 24, 2022.

Biao Wei
Lixiang Education Holding Co. Ltd.
January 20, 2023
Page 2

3. We note your response to comment 1 and reissue in part. We note the updates made throughout the annual report, however there remains places where "our" and "we" refers to the VIEs. For example, we note your statement on page 1 that "we operate these businesses in China through the variable interest entity." Please revise.
Additionally, please revise to disclose, if true, that the variable interest entity contracts have not been tested in court. Your disclosure here should acknowledge that Chinese regulatory authorities could disallow this structure, which would likely result in a material change in your operations and/or a material change in the value of the securities you are registering for sale, including that it could cause the value of such securities to significantly decline or become worthless. Provide a cross-reference to your detailed discussion of risks facing the company and the offering as a result of this structure.

4. We note your response to comment 2 and reissue in part. We note the updates made throughout the annual report; however, there remain places where you refer to "control" of the VIEs without also including the clarification that it is based on the definition provided by U.S. GAAP. Such references include, but are not limited to:

- You state on page 6 that "we are able to control Beijing Xinxiang."
- You state on page 38 that "Liandu WFOE receives the economic benefits from the VIEs."
- You state on page 39 that you "control and receive the economic benefits of the VIEs and their subsidiaries' business operations through certain contractual arrangements."

Please revise.

5. We note your structure chart on page 5 and the narrative disclosure that you have removed from this section. In this section, please identify clearly the entity in which investors are purchasing their interest and the entity(ies) in which the company's operations are conducted. Describe how this type of corporate structure may affect investors and the value of their investment, including how and why the contractual arrangements may be less effective than direct ownership and that the company may incur substantial costs to enforce the terms of the arrangements. Disclose the uncertainties regarding the status of the rights of the Cayman Islands holding company with respect to its contractual arrangements with the VIE, its founders and owners, and the challenges the company may face enforcing these contractual agreements due to legal uncertainties and jurisdictional limits.

6. In the section titled Permissions Required for Our Operations in China on page 7, we note the following statements:

- "As of the date of the annual report, our PRC subsidiaries and the VIEs have received from PRC authorities requisite licenses, permissions or approvals needed to engage in the businesses currently conducted in China, and no permission or approval has been

Biao Wei  
Lixiang Education Holding Co. Ltd.  
January 20, 2023  
Page 3

denied.'

- 'If our PRC subsidiaries and the VIEs (i) do not receive or maintain required permissions or approvals, (ii) inadvertently conclude that such permissions or approvals are not required, or (iii) applicable laws, regulations, or interpretations change and our PRC subsidiaries or the VIEs are required to obtain such permissions or approvals in the future, we could be subject to fines or legal sanctions, which may materially and adversely affect the business, financial condition and results of operations of us and the VIEs.'

If true, please revise each statement to include the holding company. With respect to the first bullet, please revise to also address any securities that may be offered to foreign investors. Additionally, this section should include a statement of whether you relied on PRC legal counsel in making such determinations, including the determinations regarding your operations, ability to offer any securities that may be offered to foreign investors, as well as the permissions and requirements from the CSRC, CAC, and any other governmental agency that is required to approve the VIE's operations.

# Risk Factors Summary, page 10

7. Please revise your risk factor summary to acknowledge any risks that any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers could significantly limit or completely hinder your ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless. Include a cross-reference to the appropriate risk factor as well.

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.

You may contact Tony Watson at 202-551-3318 or Adam Phippen at 202-551-3336 if you have questions regarding comments on the financial statements and related matters. Please contact Nicholas Nalbantian at 202-551-7470 or Cara Wirth at 202-551-7127 with any other questions.

Sincerely,

Division of Corporation Finance

cc: Biao Wei