# EDGAR Filing Document

**Accession Number:** 0001933951
**File Stem:** 0001493152-23-009405
**Filing Date:** 2023-3
**Character Count:** 13507
**Document Hash:** 381731a1ca8d9af52f5a57515d0350f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-009405.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001493152-23-009405

**CONFORMED SUBMISSION TYPE**: F-1/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SAG Holdings Ltd
- **CENTRAL INDEX KEY:** 0001933951
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-MOTOR VEHICLES & MOTOR VEHICLE PARTS & SUPPLIES [5010]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** F-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-267771
- **FILM NUMBER:** 23774657

**BUSINESS ADDRESS:**
- **STREET 1:** 14 ANG MO KIO STREET 63
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 569116
- **BUSINESS PHONE:** 65 6383 7540

**MAIL ADDRESS:**
- **STREET 1:** 14 ANG MO KIO STREET 63
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 569116

**As filed with the Securities and Exchange Commission on March 29, 2023**

**Registration No. 333-267771**

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**Amendment Number 4 to**

**FORM F-1**

**REGISTRATION STATEMENT**

**UNDER**

**THE SECURITIES ACT OF 1933**

 ****

**SAG Holdings Limited**

(Exact name of registrant as specified in its charter)

**Not Applicable**

(Translation of Registrants name into English)

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **3990** | **Not Applicable** |
| (State or Other Jurisdiction of Incorporation or Organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer <br> Identification No.) |

---

**14 Ang Mo Kio Street 63**

**Singapore 569116**

**+65 6383 7540**

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**Cogency Global Inc.**

**122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor**

**New York, New York 10168**

**800-221-0102**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

***Copies to:***

---

| | |
|:---|:---|
| David L. Ficksman<br> R. Joilene Wood<br> Troy Gould PC<br> 1801 Century Park East Suite 1600<br> Los Angeles, CA 90067-2367<br> Tel: 310-553-4441<br>| Mitchell Goldsmith<br> Taft Stettinius & Hollister LLP<br> 111 East Wacker<br> Suite 2800<br> Chicago, IL 60601<br> Tel: 312-527-4000<br>|

---

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

The term new or revised financial accounting standard refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

**EXPLANATORY NOTE**

This Amendment No. 4 to the Registration Statement on Form F-1 filed by SAG Holdings Limited on March 29, 2023 (No. 333- 267771) is being filed solely to file an exhibit to the Registration Statement.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of document** |
| 1.1 | [Form of Underwriting Agreement\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222030869/ex1-1.htm) |
| 3.1 | [Form of Memorandum of Association of the Registrant dated February 14, 2022\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex3-1.htm) |
| 3.2 | [Form of Amended and Restated Articles of Association of the Registrant dated June 22, 2022\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex3-2.htm) |
| 5.1 | [Form of Opinion of Conyers Dill & Pearman regarding the validity of securities being registered\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315223009368/ex5-1.htm) |
| 5.2 | [Form of Opinion of Loo & Partners LLP regarding Singapore legal matters\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315223009368/ex5-2.htm) |
| 8.1 | [Form of Opinion of Conyers Dill & Pearman regarding certain Cayman Islands tax matters\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315223009368/ex8-1.htm) |
| 10.1 | [Form of Directors' Agreement\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex10-1.htm) |
| 10.2 | [Form of Indemnification Agreement\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex10-2.htm) |
| 10.3 | [Lease Agreement between Filtec and Jurong Town Corporation dated December 21, 2021\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex10-3.htm) |
| 10.4 | [Logistics Services Agreement between E U Group Pte Ltd and SP Zone dated January 1, 2020\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex10-4.htm) |
| 10.5 | [Logistics Services Agreement between E U Group Pte Ltd and Filtec dated January 1, 2020\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex10-5.htm) |
| 14 | [Form of Code of Ethics of the Registrant\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex14.htm) |
| 21.1 | [Form of List of Subsidiaries of the Registrant\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex21-1.htm) |
| 23.1 | [Form of Consent of Audit Alliance\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315223009368/ex23-1.htm) |
| 23.2 | [Form of Consent of Conyers Dill & Pearman (included in Exhibit 5.1\*\*)](https://www.sec.gov/Archives/edgar/data/1933951/000149315223009368/ex5-1.htm) |
| 23.3 | [Form of Consent of Loo & Partners LLP (included in Exhibit 8.1\*\*)](https://www.sec.gov/Archives/edgar/data/1933951/000149315223009368/ex8-1.htm) |
| 24.1 | [Form of Power of Attorney (included on signature pages)](#V_00001) |
| 99.1 | [Consent of Directors Nominees\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex99-1.htm) |
| 99.2 | [Request for Waiver and Representation under Item 8.A.4 of Form 20-F](ex99-2.htm) |
| 107 | [Filing Fee Table\*\*](https://www.sec.gov/Archives/edgar/data/1933951/000149315222027900/ex107.htm) |

---

\*\*previously filed

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Singapore, on March 29, 2023.

---

| | |
|:---|:---|
| SAG HOLDINGS LIMITED | SAG HOLDINGS LIMITED |
| By: | */s/ Chin Heng Neo* |
| Name: | Chin Heng Neo |
| Title: | Chief Executive Officer and Executive Director |

---

We, the undersigned directors and executive officers of SAG Holdings Limited and its subsidiaries hereby severally constitute and appoint Chin Heng Neo, singly (with full power to act alone), our true and lawful attorney-in-fact and agent with full power of substitution and resubstitution in him for him and in his name, place and stead, and in any and all capacities, to sign this Registration Statement on Form F-1 and any and all amendments (including post-effective amendments) to this Registration Statement (or any other Registration Statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, and him, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or his substitute or substitutes may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| |
|:---|
| Date: March 29, 2023 |
| */s/ Chin Heng Neo* |
| Chin Heng Neo, Chief Executive Officer and Executive Director |
| Date: March 29, 2023 |
| */s/ Chin Aik Neo* |
| Chin Aik Neo, Deputy Chief Executive Officer and Executive Director |
| Date: March 29, 2023 |
| */s/ Ivy Lee* |
| Ivy Lee, Chief Financial Officer |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT**

Pursuant to the Securities Act, the undersigned, the duly authorized representative in the United States of America, has signed this registration statement or amendment thereto in New York, NY, United States of America on March 29, 2023.

---

| | |
|:---|:---|
| AUTHORIZED U.S. REPRESENTATIVE | AUTHORIZED U.S. REPRESENTATIVE |
| By: | */s/ Colleen A. De Vries* |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice President of behalf of Cogency Global, Inc. |

---

## Exhibit 99.2

**Exhibit 99.2**

March 29, 2023

**<u>VIA EDGAR</u>**

Division of Corporation Finance

U.S. Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

---

| | |
|:---|:---|
| **Re:** | **SAG Holdings Limited – Registration Statement on Form F-1** |
|  | **Request for Waiver and Representation Under Item 8.A.4 of Form 20-F** |

---

Ladies and Gentlemen:

The undersigned, SAG Holdings Limited, a foreign private issuer organized under the laws of the Cayman Islands (the "Company"), is submitting this letter via EDGAR to the U.S. Securities and Exchange Commission (the "SEC") in connection with the Company's filing on the date hereof of its registration statement on Form F-1 (the "Registration Statement") relating to the initial public offering ("IPO") of the Company's ordinary shares. This letter respectfully requests a waiver of the requirements of Item 8.A.4 of Form 20-F ("Item 8.A.4").

The Registration Statement contains audited consolidated financial statements for the two years ended December 31, 2020 and December 31, 2021, in each case prepared in accordance with accounting principles generally accepted in the United States of America, and unaudited interim financial statements for the six months ended June 30, 2022.

Item 8. A.4 of Form 20-F states that in the case of a company's initial public offering, the registration statement on Form F-1 must contain audited financial statements as of a date not older than 12 months from the date of the offering unless a representation is made pursuant to Instruction 2 to Item 8.A.4. The Company is making this representation pursuant to Instruction 2 to Item 8.A.4, as amended and in effect as of the date hereof, which provides that a company may instead comply with the 15-month requirement "if the company is able to represent that it is not required to comply with the 12-month requirement in any other jurisdiction outside the United States and that complying with the 12-month requirement is impracticable or involves undue hardship."

The Company hereby represents that:

&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Company is not currently a public reporting company in any jurisdiction.

2. The
 Company is not required by any jurisdiction outside the United States to prepare, and has not prepared, financial statements audited
 under any generally accepted auditing standards for any interim period subsequent to June 30, 2022.

3. Compliance
 with Item 8.A.4 at present is impracticable and involves undue hardship for the Company.

4. The
 Company does not anticipate that its audited financial statements for the fiscal year ended December 31, 2022 will be available until April 2023

5. In
 no event will the Company seek effectiveness of its Registration Statement if its audited financial statements are older than 15
 months at the time of the offering.

The Company is filing this representation as an exhibit to the Registration Statement pursuant to Instruction 2 to Item 8.A.4.

---

| |
|:---|
| Sincerely, |
| /s/ *Chin Heng Neo* |
| Chin Heng Neo, Chief Executive Officer and Executive Director |

---