<SEC-DOCUMENT>0001654954-23-009711.txt : 20230929
<SEC-HEADER>0001654954-23-009711.hdr.sgml : 20230929
<ACCEPTANCE-DATETIME>20230727060526
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001654954-23-009711
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EURO TECH HOLDINGS CO LTD
		CENTRAL INDEX KEY:			0001026662
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES [5040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		C/O EURO TECH (FAR EAST) LTD 18 F GEE
		STREET 2:		CHANG HONG CENTRE 65 WONG CHUK HANG ROAD
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000
		BUSINESS PHONE:		0118522814

	MAIL ADDRESS:	
		STREET 1:		BRITISH VIRGIN ISLANDS LTD
		STREET 2:		TRUSTNET CHAMBERS PO BOX 3444
		CITY:			ROAD TOWN TORROLA BR
		STATE:			D8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<font style="font-family: Times New Roman; font-size: 13px">July
27, 2023</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">VIA
EDGAR</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">U.S.
Securities and Exchange Commission</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Division of
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<font style="font-family: Times New Roman; font-size: 13px">Office
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<font style="font-family: Times New Roman; font-size: 13px">Washington, D.C.
20549</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Tyler
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<font style="font-family: Times New Roman; font-size: 13px">Christopher
Dunham</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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Re:</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Euro Tech Holdings Company Limited</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Form 20-F for Fiscal Year Ended December 31, 2022</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
File No. 000-22113</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Ladies
and Gentlemen:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Euro
Tech Holdings Company Ltd. (the &#x201C;<font style="font-weight: bold">Company</font>&#x201D;) hereby provides the
following information in response to the comments received from the
staff (the &#x201C;<font style="font-weight: bold">Staff</font>&#x201D;) of the U.S. Securities and
Exchange Commission (the &#x201C;<font style="font-weight: bold">Commission</font>&#x201D;) in its letter to the
Company dated July 20, 2023 (the &#x201C;<font style="font-weight: bold">Comment Letter</font>&#x201D;) pertaining to the
Company&#x2019;s annual report on Form 20-F for the fiscal year
ended December 31, 2022 (the &#x201C;<font style="font-weight: bold">2022 Annual Report</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company&#x2019;s responses are preceded by a reproduction of the
corresponding Staff comments in bold as set forth in the Comment
Letter. Any capitalized terms used herein but not defined herein
shall have the meanings given to them in the 2022 Annual Report.
The Company undertakes to include the proposed amendments
substantially in the form set forth below with revisions and
updates as appropriate to reflect the Company&#x2019;s circumstances
at the time when the Company files its amendment No. 1 to the 2022
Annual Report (the &#x201C;<font style="font-weight: bold">Amended
20-F</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Form 20-F for the Fiscal Year Ended December 31, 2022</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
General</font></div>
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&#xA0;</font></div>
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&#xA0;</font></div>
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<div style="text-align: left; display: table-cell; width: 40px; padding-right: 8px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">1.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">We
note that during your fiscal year 2022 you were identified by the
Commission pursuant to Section 104(i)(2)(A) of the Sarbanes-Oxley
Act of 2002 (15 U.S.C. 7214(i)(2)(A)) as having retained, for the
preparation of the audit report on your financial statements
included in the Form 20-F, a registered public accounting firm that
has a branch or office that is located in a foreign jurisdiction
and that the Public Company Accounting Oversight Board had
determined it is unable to inspect or investigate completely
because of a position taken by an authority in the foreign
jurisdiction. Please provide the documentation required by Item
16I(a) of Form 20-F or tell us why you are not required to do so.
Additionally, please amend your Form 20-F to provide the
disclosures required under Item 16I(b) of Form 20-F. Refer to the
Staff Statement on the Holding Foreign Companies Accountable Act
and the Consolidated Appropriations Act, 2023, available on our
website at <font style="color: #0563C1">https://www.sec.gov/corpfin/announcement/statement-hfcaa-040623</font>
..</font></div>
</div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Company Response</font>: The Company
acknowledges the Staff&#x2019;s comment.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">In response to Item
16I(a), the Company provides the following
explanation:</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;The Company
is not owned or controlled by any governmental entity in any
jurisdiction. <font style="color: #000000; background-color: #FFFFFF">The Company was
organized under the laws of the British Virgin Islands on September
30, 1996 for the purposes of raising capital and for acquiring all
the outstanding capital stock of Euro Tech (Far East) Limited, or
Far East, a Hong Kong corporation. In March 1997, the Company
acquired all the issued and outstanding capital stock of Far East.
Since then, Far East has been a wholly-owned subsidiary and the
primary operational entity of the Company. Immediately prior to its
acquisition, Far East&#x2019;s shareholders were Pearl Venture Ltd.
and Regent Earning Ltd., which held 26.6% and 73.4% of the shares
of Far East then respectively. Pearl Venture Ltd. is a British
Virgin Islands trust established for the benefit of Mr. T.C. Leung,
then chairman and Chief Executive Officer of the Company and
current chairman of the Company. Regent Earning Ltd. is a Hong Kong
corporation and Pearl Venture Ltd. is a majority shareholder of
Regent Earning Ltd. None of the shareholders of Far East then was a
government entity.&#x201D;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(b)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">In response to Item
16I(b), the Company proposes to file the Amended 20-F to add the
following disclosure to the 2022 Annual Report:</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;The Company
does not use a variable-interest entity or any similar structure
that results in additional foreign entities being consolidated in
the financial statements of the Company.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company hereby discloses that,</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(1)
Union Power <font style="color: #000000; background-color: #FFFFFF">HK CPA Limited, or
Union Power,</font> audited its financial statements for the fiscal
year ended December 31, 2021 and 2020 respectively, and
J<font style="color: #000000; background-color: #FFFFFF">&amp;S
Associate PLT, or J&amp;S,</font> audited its financial statements
for the fiscal year ended December 31, 2022. Union Power is
headquartered in Hong Kong and that the Public Company Accounting
Oversight Board has previously determined it is unable to inspect
or investigate completely because of a position taken by an
authority in the foreign jurisdiction. J<font style="color: #000000; background-color: #FFFFFF">&amp;S is headquartered
in Malaysia;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(2) no
governmental entity in the British Virgin Islands, Hong Kong,
mainland China or Malaysia owns any shares of the
Company;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(3) no
governmental entity in the British Virgin Islands, Hong Kong,
mainland China or Malaysia has any controlling financial interest
with respect to the Company;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(4)
none of the Company and its subsidiaries has any director who is an
official of the Chinese Communist Party; and</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(5) the
Memorandum and Articles of Association of the Company does not
contain any charter of the Chinese Communist Party, including the
text of any such charter.&#x201D;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">If you
have any questions or comments concerning these responses, please
do not hesitate to contact me by telephone at 852-28140311 or by
e-mail at DAVIDLEUNG.HK@EURO-TECH.COM or the Company&#x2019;s
counsel by telephone at 212-634-3031 or by email at
rafriedman@sheppardmullin.com.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Sincerely,</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">/s/
David YL Leung</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">David
YL Leung, Chief Executive Officer</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">cc:</font></div>
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