# EDGAR Filing Document

**Accession Number:** 0001879754
**File Stem:** 0000000000-23-000403
**Filing Date:** 2023-1
**Character Count:** 10892
**Document Hash:** 6eda3d42550d2b81a4773ae343c0caf0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000403.hdr.sgml**: 20240730

**ACCESSION NUMBER**: 0000000000-23-000403

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230113

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EShallGo Inc.
- **CENTRAL INDEX KEY:** 0001879754
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
- **ORGANIZATION NAME:** 07 Trade & Services
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-05883

**BUSINESS ADDRESS:**
- **STREET 1:** 12F BLOCK 16, NO.1000 JINHAI ROAD
- **STREET 2:** PUDONG NEW DISTRICT
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201206
- **BUSINESS PHONE:** 011864006005800

**MAIL ADDRESS:**
- **STREET 1:** 12F BLOCK 16, NO.1000 JINHAI ROAD
- **STREET 2:** PUDONG NEW DISTRICT
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201206
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-21-153411

## Text-Extract

```

United States securities and exchange commission logo

                           January 13, 2023

       Qiwei Miao
       Chief Executive Officer
       EShallGo Inc.
       12F Block 16, No.1000 Jinhai Road
       Pudong New District
       Shanghai, China 201206

                                                        Re: EShallGo Inc.
                                                            Amendment No. 3 to
Draft Registration Statement on Form F-1
                                                            Submitted December
22, 2022
                                                            CIK No. 0001879754

       Dear Qiwei Miao:

             We have reviewed your amended draft 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 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 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 the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 3 to Draft Registration Statement on Form F-1 filed
December 22, 2022

       Summary of Financial Position and Cash Flows of Eshallgo Inc.,
Subsidiaries and the VIEs, page
       10

   1.                                                   We note your
presentation of the condensed consolidating schedules for the years ended
                                                        March 31, 2022 and
2021. Please address the following with respect to these schedules:

                                                              The consolidated
total net income and comprehensive income for the year ended
                                                            March 31, 2022 is
not consistent with your consolidated statements of income and
                                                            comprehensive
income presented on page F-4. Please revise to reconcile the
                                                            difference.
 Qiwei Miao
EShallGo Inc.
January 13, 2023
Page 2
                Please clarify your determination of the consulting fee in
relation to services rendered
              by WFOE. Please tell us how it is consistent with your VIE
contractual agreements
              and your consolidated financial statements presented.
                Please tell us and disclose your consideration for not
presenting any activity under the
              Eshallgo, Subsidiary, and WFOE columns in the consolidating
schedules as of and
              for the year ended March 31, 2021.
Risks Related to Our Corporate Structure and Operation, page 13

2.       We note your written response and revised disclosure in response to
comment 2, however,
         we continue to note instances in which you reference "control" over
your VIEs. Please
         make consistent revisions throughout, such as on pages 13 and 40-42,
as examples only.
         Further, in the first bullet point under this caption and on page 42,
we note the use of the
         term "our" VIE. Consistent with comment 4 of our letter dated May 13,
2022, please
         revise.
Business
Overview, page 87

3.       We note your written response to comment 1. We cannot find the revised
disclosure in
         your amendment. We do note your disclosure on page 88, "[a]lthough the
Chinese
         economy annual growth rates no longer sustain an unprecedented level
of 10%-plus as in
         the last decades..." Please revise to state the most recent year the
Chinese economy grew
         by 10% or more.
Enforceability of Civil Liabilities, page 163

4.       Given that you appear to have one or more directors, officers or
members of senior
         management located in the PRC and/or Hong Kong, please revise this
section to state as
         much, and identify the relevant individuals.
EShallgo Inc. and Subsidiaries Consolidated Financial Statements
Note 1 - Organization and Business Description, page F-7

5.     The net income for the year ended March 31, 2022 for the VIEs disclosed
in the table on
FirstName LastNameQiwei Miao
       page F-11 is inconsistent with that noted in the consolidated financial
statements on page
Comapany
       F-4. NameEShallGo     Inc.reasons for this difference or reconcile and
revise these
             Please explain the
Januarydisclosures.
        13, 2023 Page 2
FirstName LastName
 Qiwei Miao
FirstName  LastNameQiwei Miao
EShallGo Inc.
Comapany
January 13,NameEShallGo
            2023        Inc.
January
Page 3 13, 2023 Page 3
FirstName LastName
       You may contact Suying Li at 202-551-3335 or Linda Cvrkel at
202-551-3813 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Scott Anderegg at 202-551-3342 or Mara Ransom at 202-551-3264 with any
other
questions.

                                                         Sincerely,

                                                         Division of
Corporation Finance
                                                         Office of Trade &
Services

```

### Attached PDF Documents

**Attachment 1:** `filename1`

DIVISION OF
CORPORATION FINANCE

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

January 13, 2023

Qiwei Miao
Chief Executive Officer
EShallGo Inc.
12F Block 16, No.1000 Jinhai Road
Pudong New District
Shanghai, China 201206

**Re: EShallGo Inc.**

**Amendment No. 3 to Draft Registration Statement on Form F-1**
**Submitted December 22, 2022**
**CIK No. 0001879754**

Dear Qiwei Miao:

We have reviewed your amended draft 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 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 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 the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments.

Amendment No. 3 to Draft Registration Statement on Form F-1 filed December 22, 2022

Summary of Financial Position and Cash Flows of Eshallgo Inc., Subsidiaries and the VIEs, page 10

1. We note your presentation of the condensed consolidating schedules for the years ended March 31, 2022 and 2021. Please address the following with respect to these schedules:
- The consolidated total net income and comprehensive income for the year ended March 31, 2022 is not consistent with your consolidated statements of income and comprehensive income presented on page F-4. Please revise to reconcile the difference.

Qiwei Miao
EShallGo Inc.
January 13, 2023
Page 2

- Please clarify your determination of the consulting fee in relation to services rendered by WFOE. Please tell us how it is consistent with your VIE contractual agreements and your consolidated financial statements presented.
- Please tell us and disclose your consideration for not presenting any activity under the Eshallgo, Subsidiary, and WFOE columns in the consolidating schedules as of and for the year ended March 31, 2021.

Risks Related to Our Corporate Structure and Operation, page 13

2. We note your written response and revised disclosure in response to comment 2, however, we continue to note instances in which you reference "control" over your VIEs. Please make consistent revisions throughout, such as on pages 13 and 40-42, as examples only. Further, in the first bullet point under this caption and on page 42, we note the use of the term "our" VIE. Consistent with comment 4 of our letter dated May 13, 2022, please revise.

Business

Overview, page 87

3. We note your written response to comment 1. We cannot find the revised disclosure in your amendment. We do note your disclosure on page 88, "[a]lthough the Chinese economy annual growth rates no longer sustain an unprecedented level of 10%-plus as in the last decades..." Please revise to state the most recent year the Chinese economy grew by 10% or more.

Enforceability of Civil Liabilities, page 163

4. Given that you appear to have one or more directors, officers or members of senior management located in the PRC and/or Hong Kong, please revise this section to state as much, and identify the relevant individuals.

EShallgo Inc. and Subsidiaries Consolidated Financial Statements

Note 1 - Organization and Business Description, page F-7

5. The net income for the year ended March 31, 2022 for the VIEs disclosed in the table on page F-11 is inconsistent with that noted in the consolidated financial statements on page F-4. Please explain the reasons for this difference or reconcile and revise these disclosures.

Qiwei Miao
EShallGo Inc.
January 13, 2023
Page 3

You may contact Suying Li at 202-551-3335 or Linda Cvrkel at 202-551-3813 if you have questions regarding comments on the financial statements and related matters. Please contact Scott Anderegg at 202-551-3342 or Mara Ransom at 202-551-3264 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Trade & Services