<SEC-DOCUMENT>0000000000-23-013824.txt : 20240823
<SEC-HEADER>0000000000-23-013824.hdr.sgml : 20240823
<ACCEPTANCE-DATETIME>20231219113620
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-23-013824
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20231219

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NIP Group Inc.
		CENTRAL INDEX KEY:			0001966233
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD
		SEC FILE NUMBER:	377-06617

	BUSINESS ADDRESS:	
		STREET 1:		ROSENLUNDSGATAN 31
		CITY:			STOCKHOLM
		STATE:			V7
		ZIP:			118 63
		BUSINESS PHONE:		46-705775564

	MAIL ADDRESS:	
		STREET 1:		ROSENLUNDSGATAN 31
		CITY:			STOCKHOLM
		STATE:			V7
		ZIP:			118 63

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESVF Esports Group Inc.
		DATE OF NAME CHANGE:	20230216
PUBLIC REFERENCE ACCESSION NUMBER:		0001104659-23-024078
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
United States securities and exchange commission logo





                             December 19, 2023

       Mario Yau Kwan Ho
       Co-Chief Executive Officer
       NIP Group Inc.
       Rosenlundsgatan 31
       11 863 Stockholm, Sweden

                                                        Re: NIP Group Inc.
                                                            Amendment No. 5 to
Draft Registration Statement on Form F-1
                                                            Submitted November
29, 2023
                                                            CIK No. 0001966233

       Dear Mario Yau Kwan Ho:

            We have reviewed your amended draft registration statement and have
the following
       comments.

              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 a comment applies 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 this
letter and your amended
       draft registration statement or filed registration statement, we may
have additional comments.

       Amendment No. 5 to Draft Registration Statement on Form F-1

       Cover Page

   1.                                                   We note your response
to comment 1. Please revise to state that investors may never hold
                                                        equity interests in the
Chinese operating company and remove any statements representing
                                                        that investors in the
company's ADSs are obtaining indirect ownership interests in the
                                                        Chinese operating
company. Revise your disclosure to state that your structure involves
                                                        unique risks to
investors. Disclose that Chinese regulatory authorities could disallow your
                                                        structure which in
turn, would likely result in a material change in your operations or the
                                                        value of your
securities, including that it could cause the value of such securities to
                                                        significantly decline
or become worthless.
 Mario Yau Kwan Ho
FirstName
NIP Group LastNameMario   Yau Kwan Ho
           Inc.
Comapany19,
December  NameNIP
              2023 Group Inc.
December
Page 2    19, 2023 Page 2
FirstName LastName
2.       We note your response to comment 2. Please disclose, as you state in
your response letter,
         that regulatory actions related to data security or anti-monopoly
concerns in Hong Kong
         will impact your ability to conduct business, accept foreign
investment or list on a foreign
         exchange.
Prospectus Summary, page 1

3.       We note your response to comment 5 and reissue it in part. Please
revise the first bullet
         under the section captioned "Risks Related to Doing Business in China"
in your summary
         of risk factors to state that Chinese regulatory authorities could
disallow your
         structure, which would likely result in a material change in your
operations or the value of
         your securities, including that it could cause the value of such
securities to significantly
         decline or become worthless. Please make corresponding changes to the
relevant risk
         factor.
4.       We note your response to comment 7 and reissue it in part. Please
revise your definition
         of China on page 16 to clarify that the legal risks associated with
operating in China also
         apply to your presence in Hong Kong. In this regard, we note that,
although you do not
         have any business operations in Hong Kong, the presence of both ESVF
(Hong Kong)
         Esports Limited and Mr. Mario Yau Kwan in Hong Kong nevertheless
exposes the
         company to legal risks in Hong Kong. In addition, we note your
statement that "in the
         event that we decide to operate in Hong Kong and if mainland China
regulations are
         applied in Hong Kong in the future, the legal and operational risks
associated with having
         operations in mainland China would also apply to our operations in
Hong Kong"; please
         revise to clarify that mainland China could apply its regulations at
any time and with no
         advance notice.
       Please contact Rucha Pandit at 202-551-6022 or Lilyanna Peyser at
202-551-3222 with
any questions.



                                                               Sincerely,

                                                               Division of
Corporation Finance
                                                               Office of Trade
& Services
cc:      Steve Lin
</TEXT>
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