# EDGAR Filing Document

**Accession Number:** 0001943444
**File Stem:** 0000000000-23-001778
**Filing Date:** 2023-2
**Character Count:** 9496
**Document Hash:** b76284073174bd74ca4074ca182983a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001778.hdr.sgml**: 20240425

**ACCESSION NUMBER**: 0000000000-23-001778

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230222

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tungray Technologies Inc
- **CENTRAL INDEX KEY:** 0001943444
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530]
- **ORGANIZATION NAME:** 06 Technology
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-06508

**BUSINESS ADDRESS:**
- **STREET 1:** #02-01, 31 MANDAI ESTATE
- **STREET 2:** INNOVATION PLACE TOWER 4
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 729933
- **BUSINESS PHONE:** 8613764303919

**MAIL ADDRESS:**
- **STREET 1:** #02-01, 31 MANDAI ESTATE
- **STREET 2:** INNOVATION PLACE TOWER 4
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 729933
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001575872-22-001313

## Text-Extract

```

United States securities and exchange commission logo

                            February 22, 2023

       Wanjun Yao
       Chief Executive Officer
       Tungray Technologies Inc.
       #02-01, 31 Mandai Estate,
       Innovation Place Tower 4,
       Singapore 729933

                                                        Re: Tungray
Technologies Inc.
                                                            Amendment No. 1 to
Draft Registration Statement on Form F-1
                                                            Submitted February
7, 2023
                                                            CIK No. 0001943444

       Dear Wanjun Yao:

             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. Unless we note otherwise, our references to prior comments are
to comments in our
       January 13, 2023 letter.

       Amendment No. 1 to Draft Registration Statement on Form F-1

       Results of Operations, page 90

   1.                                                   We note your response
to prior comment 7. We also note you indicate that your ability to
                                                        grow the number of
customers and average revenue per customer are key indicators of the
                                                        growth of your business
and future business opportunities. Please tell us whether you
                                                        use average revenue per
customer, in addition to number of customers, as a key metric to
                                                        evaluate your business.
If so, please expand your results of operations to discuss the
                                                        impact of changes in
the number of customers versus annual revenue per customer and
                                                        any trends in this
regard.
 Wanjun Yao
FirstName LastNameWanjun
Tungray Technologies Inc. Yao
Comapany22,
February  NameTungray
            2023        Technologies Inc.
February
Page 2 22, 2023 Page 2
FirstName LastName
Related Party Transactions
Material Transactions with Related Parties, page 147

2.       We note your response to prior comment 9. We also note that you
identify Wanjun Yao,
         your Chief Executive Officer, as the major shareholder in your
financial
         statements. Please revise to disclose in the forefront of this section
that Mr. Yao is the
         major shareholder referenced here or advise.
Underwriting
Lock-up Agreements, page 177

3.       We note that you and each of your directors, officers, and holders of
5% or more of your
         Ordinary Shares have agreed with the underwriters, subject to certain
exceptions, not
         to sell, transfer, or dispose of any of your Ordinary Shares or
securities convertible into or
         exercisable or exchangeable for your Ordinary Shares. Please briefly
identify the "certain
         exceptions."
Change in Registrant's Certifying Accountant, page 186

4.       Please file as an exhibit to your filing a letter from Friedman LLP
addressed to the
         Commission stating whether it agrees with your statements made on page
186 and, if not,
         stating the respects in which it does not agree pursuant to Item
16F(a)(3) of Form 20-F.
        You may contact Joseph Cascarano, Senior Staff Accountant, at
202-551-3376 or Robert
Littlepage, Accounting Branch Chief, at 202-551-3361 if you have questions
regarding
comments on the financial statements and related matters. Please contact Kyle
Wiley, Staff
Attorney, at 202-344-5791 or Jan Woo, Legal Branch Chief, at 202-551-3453 with
any other
questions.

                                                                Sincerely,

                                                                Division of
Corporation Finance
                                                                Office of
Technology
cc:      Anna Jinhua Wang

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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

CORPORATION FINANCE

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

February 22, 2023

Wanjun Yao  
Chief Executive Officer  
Tungray Technologies Inc.  
#02-01, 31 Mandai Estate,  
Innovation Place Tower 4,  
Singapore 729933

# **Re: Tungray Technologies Inc.  
Amendment No. 1 to Draft Registration Statement on Form F-1  
Submitted February 7, 2023  
CIK No. 0001943444**

Dear Wanjun Yao:

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. Unless we note otherwise, our references to prior comments are to comments in our January 13, 2023 letter.

# Amendment No. 1 to Draft Registration Statement on Form F-1

# Results of Operations, page 90

1. We note your response to prior comment 7. We also note you indicate that your ability to grow the number of customers and average revenue per customer are key indicators of the growth of your business and future business opportunities. Please tell us whether you use average revenue per customer, in addition to number of customers, as a key metric to evaluate your business. If so, please expand your results of operations to discuss the impact of changes in the number of customers versus annual revenue per customer and any trends in this regard.

Wanjun Yao  
Tungray Technologies Inc.  
February 22, 2023  
Page 2

# Related Party Transactions

# Material Transactions with Related Parties, page 147

2. We note your response to prior comment 9. We also note that you identify Wanjun Yao, your Chief Executive Officer, as the major shareholder in your financial statements. Please revise to disclose in the forefront of this section that Mr. Yao is the major shareholder referenced here or advise.

# Underwriting

# Lock-up Agreements, page 177

3. We note that you and each of your directors, officers, and holders of 5% or more of your Ordinary Shares have agreed with the underwriters, subject to certain exceptions, not to sell, transfer, or dispose of any of your Ordinary Shares or securities convertible into or exercisable or exchangeable for your Ordinary Shares. Please briefly identify the 'certain exceptions.'

# Change in Registrant's Certifying Accountant, page 186

4. Please file as an exhibit to your filing a letter from Friedman LLP addressed to the Commission stating whether it agrees with your statements made on page 186 and, if not, stating the respects in which it does not agree pursuant to Item 16F(a)(3) of Form 20-F.

You may contact Joseph Cascarano, Senior Staff Accountant, at 202-551-3376 or Robert Littlepage, Accounting Branch Chief, at 202-551-3361 if you have questions regarding comments on the financial statements and related matters. Please contact Kyle Wiley, Staff Attorney, at 202-344-5791 or Jan Woo, Legal Branch Chief, at 202-551-3453 with any other questions.

Sincerely,

Division of Corporation Finance Office of Technology

cc: Anna Jinhua Wang