IPO - Unitrend Entertainment Group Ltd

Form Type: F-1/A

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: New

Accession Number: 000121390025041139

Filing Summary: Unitrend Entertainment Group Limited is filing an amendment to its registration statement (Form F-1/A) in connection with its initial public offering (IPO) of 1,250,000 Class A ordinary shares. The offering will involve shares priced between $4.00 and $6.00 each, with plans for listing on the Nasdaq under the symbol 'INHI'. The company, incorporated in the Cayman Islands, is structured as a holding company under Chinese law, conducting business primarily through its wholly-owned subsidiary in China. As an emerging growth company, Unitrend is subject to reduced reporting requirements. The registration is effective as soon as it becomes practical, and they have recently completed necessary filings with the China Securities Regulatory Commission (CSRC), which approved their offering on February 26, 2025. The document outlines the respective rights of Class A and Class B shares, detailing voting power discrepancies and risks linked to Chinese regulatory scrutiny and the legal structure involving variable interest entities (VIEs). Unitrend emphasizes that the absence of direct equity interests in its VIE may increase investment risks for shareholders, while the evolving Chinese regulatory landscape adds uncertainty to future business operations and their impact on share value.

Form Type: F-1/A

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026171

Filing Summary: Unitrend Entertainment Group Limited is conducting an initial public offering (IPO) of 3,000,000 Class A ordinary shares with a par value of $0.0002 per share, targeting an initial public offering price between $4.00 and $6.00 per share. The proceeds from the offering are intended to fund growth and operational needs while the company operates through its subsidiary, Beijing Heli Fashion Technology Co., Ltd. This registration statement, filed under the Securities Act of 1933, reflects an amendment for compliance with various regulations in both the U.S. and China. The company's shares are expected to be listed on the Nasdaq Capital Market under the symbol 'INHI,' contingent on approval from Nasdaq. There is currently no public market for these shares. The ownership structure includes dual classes of shares which confer different voting rights to Class A and Class B shareholders, with significant control retained by the CEO Mr. Bin Feng. The document addresses various risks associated with operating in China, including compliance with regulatory frameworks such as the CSRC’s Trial Administrative Measures and potential cybersecurity reviews. Unitrend identifies as an emerging growth company and intends to adhere to reduced public company reporting requirements as permissible under the Jumpstart Our Business Startups Act.