<SEC-DOCUMENT>0001493152-25-006979.txt : 20250814
<SEC-HEADER>0001493152-25-006979.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250214172350
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001493152-25-006979
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pitanium Ltd
		CENTRAL INDEX KEY:			0002046573
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000
		STATE OF INCORPORATION:			K3
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		30F, GRAVITY, 29 HING YIP STREET
		STREET 2:		KWUN TONG, KOWLOON,
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		BUSINESS PHONE:		00852-6206 2950

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		30F, GRAVITY, 29 HING YIP STREET
		STREET 2:		KWUN TONG, KOWLOON,
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1.75in; font: 12pt Times New Roman, Times, Serif"><IMG SRC="formcorresp_001.jpg" ALT=""><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B></FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-transform: uppercase">Loeb &amp;
    Loeb LLP</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">901 New York Avenue, N.W.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Washington, D.C. 20001</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">345 Park Avenue</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, NY 10154</P></TD>
    <TD STYLE="vertical-align: bottom; width: 0.75in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Main</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Fax</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Main</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Fax</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 1.5in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">202.618.5000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">202.217.2554</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">212.407.4000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">212.407.4990</P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">February 14, 2025</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Office of Industrial Applications and Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">Attn: </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Tayyaba Shafique</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Li Xiao</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Nicholas O&rsquo;Leary</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Conlon Danberg</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Re: </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pitanium Limited</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Draft Registration Statement on Form F-1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Submitted February 3, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">CIK No. 0002046573</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dear Messrs. Shafique, Xiao, O&rsquo;Leary, and Danberg:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On behalf of our client, Pitanium Limited (the &ldquo;<B>Company</B>&rdquo;),
we hereby provide a response to the comments issued in a letter dated February 11, 2025 (the &ldquo;<B>Staff&rsquo;s Letter</B>&rdquo;)
regarding the Company&rsquo;s the Amendment No. 2 to the Draft Registration Statement on Form F-1 (the &ldquo;<B>DRS</B>&rdquo;). Contemporaneously,
we are filing a public filing on Form F-1. </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to facilitate the review by the staff of
the Securities and Exchange Commission (the &ldquo;<B>Staff</B>&rdquo;), we have responded, on behalf of the Company,
to the comments set forth in the Staff&rsquo;s Letter on a point-by-point basis. The numbered paragraphs set forth below respond to the
Staff&rsquo;s comments and correspond to the numbered paragraph in the Staff&rsquo;s Letter.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/105% Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify"><U>Draft Registration Statement on Form
F-1 submitted February 3, 2025</U></P>

<P STYLE="font: 10pt/105% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><U>General</U></P>

<P STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-bottom: 0pt">1. Please file your
exhibits in proper text-searchable format, including exhibits 10.11 and 10.12. Refer to Item 301 of Regulation S-T</P>

<P STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-bottom: 0pt"><B>Response</B>: The Company
notes the Staff&rsquo;s comment and has filed the exhibits in proper text-searchable format, including exhibits 10.11 and 10.12 in
the Exhibit Index to the public filing on Form F-1. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Los Angeles New York Chicago Nashville Washington,
DC San Francisco Beijing Hong Kong www.loeb.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the United States offices, a limited liability
partnership including professional corporations. For Hong Kong office, a limited liability partnership.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 49%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B><IMG SRC="formcorresp_002.jpg" ALT=""></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 49%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">United States Securities and Exchange Commission</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">February 14, 2025</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Page 2</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Please call me at 212-407-4089 or Norly Jean-Charles
at 212-407-4271 if you would like additional information with respect to any of the foregoing. Thank you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Andrei Sirabionian, Esq.</I></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Andrei Sirabionian, Esq.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Partner</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">cc: Yuen Yi Young, Chairwoman and Director of Pitanium
Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>formcorresp_001.jpg
<TEXT>
begin 644 formcorresp_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !X '@# 2(  A$! Q$!_\0
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MJ;;Q-HOCJ+_A%KZQATFV4!=&G4EC;N. CD]0W _3T-<EX2\4'P[JUS<7-O\
M;+2]B:"]@)P9$;DD'US_ #-:J2_#:SE-Y%#KM^0=T=E-LC3/HSCDBKJ1;EJG
MY6(@URZ?.YAZQX2US0+9KG4[%X(!<-;"0D89P,Y'JI'0]#6'7<^*?'5MXRT1
M(]3L9+?4K65C:/;-F'RSCY7!.<\=1Z5PU=%-R:]]:F-113]W8****T,@KM/
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
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>formcorresp_002.jpg
<TEXT>
begin 644 formcorresp_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  _ #\# 2(  A$! Q$!_\0
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MG:YTJ-[&%/87EK"DMQ:7$,3_ '7DB95;Z$BKEE:Z[8S)>6-MJ,$J@E9HH7!
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%&,K'_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
