Letitia Coin Offering Fees

Crowdfunding for Initial Coin Offering Memorandum Initially Dated August 1, 2022

  THIS DOCUMENT INCLUDES IMPORTANT INFORMATION THAT REPLACES, AND IS IN ADDITION TO, THE INFORMATION PREVIOUSLY AVAILABLE TO YOU — YOU SHOULD READ THIS DOCUMENT CAREFULLY

THE OFFERING PERIOD OF THE CROWDFUNDING WILL EXPIRE ON THE EARLIER TO OCCUR OF: (I) THE DATE ON WHICH THE MAXIMUM PLACEMENT AMOUNT HAS BEEN SUBSCRIBED FOR AND ACCEPTED BY THE COMPANY AND A FINAL CLOSING WITH RESPECT TO SUCH APPLICABLE SAFEs HAS BEEN CONSUMMATED OR (II) AUGUST 1, 2022, UNLESS EXTENDED OR EARLIER TERMINATED, IN EACH CASE, IN THE SOLE DISCRETION OF THE COMPANY (SUCH DATE, AS THE SAME MAY BE EXTENDED OR EARLIER TERMINATED, THE “EXPIRATION DATE”).  ALL TERMS NOT DEFINED IN THIS PARAGRAPH HAVE THE MEANING GIVEN TO THEM BELOW.

WITHDRAWAL RIGHTS:  INVESTORS THAT HAVE EXECUTED A SAFE ON OR PRIOR TO THE DATE OF THIS OFFERING MEMORANDUM (AUGUST 1, 2022) MAY RESCIND THEIR SAFE AND RECEIVE A REFUND OF THEIR INVESTMENT.  SEE “WITHDRAWAL RIGHTS” FOR FURTHER DETAILS.

 

CATHAY ARTS CO., LTD

HKD $1,000,000 ERC-20 Chain Coninage to be acquired pursuant to be paid for Gas Fees(Join Network Charges)

Cathay Arts Co., Ltd. (the “Company”) previously prepared a Crowdfunding For Initial Coin Offering Memorandum, initially dated July 20 2022 (the “Initial OM”), which was supplemented on July 27, 2022 (the “First Supplement” and, together with the Initial OM, the “Initial Offering Materials”). This Amended, Supplemented and Restated Crowdfunding For Initial Coin Offering Memorandum (as it may be amended or supplemented from time to time, this “Memorandum”) has been prepared by Cathay Arts Co., Ltd. to supersede and replace the Initial Offering Materials in their entirety. To the extent there is any inconsistency between (a) any statement in the Initial Offering Materials and (b) any statement in this Memorandum, the statements in this Memorandum will prevail. You should rely only on this Memorandum and not on the Initial Offering Materials. This Memorandum has been prepared by Cathay Arts Co., Ltd. for use by certain qualified potential purchasers to whom the Company is offering (the “Offering”) the opportunity to purchase the right to acquire, if issued by the Company in the future, Letitia Coin Preferred Equity Tokens, par value HKD $1.00 (the “Tokens”), that the Company will use its commercially reasonable efforts to develop and issue. The foregoing right to acquire Tokens, if issued by the Company in the future, will be embodied in, and documented by, an Express Trust for Future Equity with respect to the Tokens (as may be amended, restated and/or otherwise modified from time to time, a “SAFE” and, together with the Tokens, the “Securities”) to be entered into between the Company and qualified purchasers purchasing such Securities in the Offering. The Company expects to enter into MAINETs on an ongoing basis until on or about August 1, 2022 (as the same may be extended or earlier terminated, the “Expiration Date”). If the Tokens are initially issued by the Company in the future, the date of such issuance, if any, is referred to as the “Token Issuance Date.” The Company may issue up to HK$ 25 billion of Tokens, subject to increase as described in this Memorandum. As of the date of this Memorandum, the Company has entered into executed SAFEs with infinite purchasers for approximately HK$100 million of Tokens, of which HK$100 million has been funded by the respective purchasers.