Summary by Futu AI
ESGL Holdings Ltd received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 3 to its Registration Statement on Form F-1, initially filed on January 12, 2024. The SEC's letter, dated January 26, 2024, addressed to Quek Leng Chuang, Chairman and CEO of ESGL Holdings, outlined specific concerns. The SEC requested the removal or justification of broad assumptions numbered 5 through 10 in Exhibit 5.1 of the legality opinion. Additionally, the SEC asked for updated compensation disclosures for the fiscal year ended December 31, 2023, as the current disclosure is only up to 2022 and appears under 'Related party transactions' in the financial statements. The company is expected to amend its registration statement and provide the requested information or explain why the comments may not apply. The SEC indicated that further comments may follow upon review of the company's amendments and responses.