<SEC-DOCUMENT>0001213900-23-076943.txt : 20240529
<SEC-HEADER>0001213900-23-076943.hdr.sgml : 20240529
<ACCEPTANCE-DATETIME>20230915140830
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001213900-23-076943
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOYO Co., Ltd
		CENTRAL INDEX KEY:			0001985273
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, HARBOUR PLACE
		STREET 2:		103 SOUTH CHURCH ST, P.O. BOX 10240
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1002
		BUSINESS PHONE:		008109063486449

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR, HARBOUR PLACE
		STREET 2:		103 SOUTH CHURCH ST, P.O. BOX 10240
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1002
</SEC-HEADER>
<DOCUMENT>
<TYPE>DRSLTR
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><IMG SRC="image_001.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Will H. Cai</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">+852 3758 1210</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">wcai@cooley.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">September 15, 2023</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Confidential</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Draft Registration Statement<BR>
Securities and Exchange Commission<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD STYLE="text-align: left"><U>TOYO Co., Ltd</U><BR>
<U>Confidential Submission of the Draft Registration Statement on Form F-4</U></TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On behalf of our client, TOYO
Co. Ltd, a foreign private issuer organized under the laws of the Cayman Islands (the &ldquo;<B><I>Company</I></B>&rdquo;), we are hereby
submitting a draft registration statement on Form F-4 (the &ldquo;<B><I>Draft Registration Statement</I></B>&rdquo;) via EDGAR to the
Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) for confidential nonpublic review pursuant to Section
6(e) of the Securities Act of 1933, as amended (the &ldquo;<B><I>Securities Act</I></B>&rdquo;). The Registration Statement submitted
herewith relates to the issuance of the Company&rsquo;s ordinary shares, par value $0.0001 per share in connection with a proposed business
combination (the &ldquo;<B><I>Transactions</I></B>&rdquo;) by and among the Company, Vietnam Sunergy Cell Company Limited, a Vietnamese
company, Blue World Acquisition Corporation (a special purpose acquisition company, &ldquo;<B><I>BWAQ</I></B>&rdquo;), and other parties
thereto. This document also constitutes a draft notice of meeting and a proxy statement under Section 14(a) of the Securities and Exchange
Act of 1934, as amended, with respect to the extraordinary general meeting of BWAQ shareholders at which BWAQ shareholders will be asked
to consider and vote upon proposals to approve the Transactions and other related matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company confirms that
it is an &ldquo;emerging growth company&rdquo; as defined in Section 2(a)(19) of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Cooley HK 35th Floor Two Exchange Square 8 Connaught
Place Central Hong Kong</P>

<P STYLE="text-align: center; margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt">T: +852 3758 1200 F: +852 3014 7818 cooley.com</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><IMG SRC="image_001.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Will H. Cai</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">+852 3758 1210</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">wcai@cooley.com</P>



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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If you have any questions regarding
the Registration Statement, please contact the undersigned by phone at +852-3758-1210 or via e-mail at wcai@cooley.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 60%"></TD><TD STYLE="text-align: justify; width: 40%">Very truly yours,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-bottom: 1.5pt"></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">/s/</FONT> <FONT STYLE="font-size: 10pt">Will H. Cai</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Will</FONT> <FONT STYLE="font-size: 10pt">H. Cai</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">cc:</TD><TD STYLE="text-align: left">Junsei Ryu, Chief Executive Officer, Vietnam Sunergy Cell Company Limited<BR>
Liang Shi, Chief Executive Officer, Blue World Acquisition Corporation<BR>
Ruomu Li, Esq., Partner, Cooley LLP<BR>
Er (Arila) Zhou, Esq., Partner, Robinson &amp; Cole LLP<BR>
Ze&rsquo;-ev D. Eiger, Esq., Partner, Robinson &amp; Cole LLP</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Cooley HK 35th Floor Two Exchange Square 8 Connaught
Place Central Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">T: +852 3758 1200 F: +852 3014 7818 cooley.com</P>


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

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

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

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