December 2, 2024
Josephine Ngai
Chief Financial Officer
iClick Interactive Asia Group Limited
15/F
Prosperity Millennia Plaza
663 King's Road, Quarry Bay
Hong Kong S.A.R., People's Republic of China
Re: iClick Interactive Asia Group Limited
Form 20-F for the Year Ended December 31, 2023
File No. 001-38313
Dear Josephine Ngai:
We have limited our review of your filing to the financial statements
and related
disclosures and have the following comments.
Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.
After reviewing your response to this letter, we may have additional
comments.
Form 20-F for the Year Ended December 31, 2023
ITEM 3. Key Information
Implications of Being a Foreign Private Issuer and a China-based Company, page
4
1. We note changes you made to your disclosure appearing on pages 4 and 49
relating to
legal and operational risks associated with operating in China and PRC
regulations. It
is unclear to us that there have been changes in the regulatory
environment in the PRC
since the prior 20-F review completed December 12, 2023 that would
warrant revised
disclosure to mitigate the challenges you face and related disclosures.
For additional
guidance, please refer to the Division of Corporation Finance s Sample
Letter to
China-Based Companies, issued December 2021 and July 2023. In future
filings,
please restore your disclosure.
December 2, 2024
Page 2
Risk Factors
You may experience difficulties in effecting services of legal process..., page
67
2. We note your disclosure that a majority of your directors and executive
officers reside
within China, and most of the assets of these persons are located within
China. In
future filings, please identify any directors, officers, or members of
senior
management located in the PRC/Hong Kong. Additionally, please include a
separate
Enforceability section that addresses whether or not investors may
bring actions
under the civil liability provisions of the U.S. federal securities laws
against you, your
officers or directors who are residents of a foreign country, and
whether investors may
enforce these civil liability provisions when your assets, officers, and
directors are
located outside of the United States.
In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.
Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage
at 202-
551-3361 with any questions.
Sincerely,
Division of
Corporation Finance
Office of
Technology