Attached files
| file | filename |
|---|---|
| EX-99.2 - SHARING ECONOMY INTERNATIONAL INC. | v207385_ex99-2.htm |
| EX-99.1 - SHARING ECONOMY INTERNATIONAL INC. | v207385_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): December 28,
2010
CHINA
WIND SYSTEMS, INC.
(Exact
name of registrant as specified in Charter)
|
Delaware
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001-34591
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74-2235008
|
||
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
File No.)
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(IRS
Employee Identification No.)
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No. 9
Yanyu Middle Road
Qianzhou
Village, Huishan District, Wuxi City
Jiangsu
Province, People’s Republic of China
(Address of Principal Executive
Offices)
(86)
510-8338-6339
(Registrant’s Telephone
number)
Copies
to:
Asher S.
Levitsky PC
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32nd
Floor
New York,
New York 10006
Phone:
(212) 981-6767
Fax:
(212) 930 – 9725
E-mail:
alevitsky@srff.com
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12(b))
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
On
December 28, 2010, Ying (Teresa) Zhang resigned as chief financial officer of
China Wind Systems, Inc. (the “Company”). There were no disagreements
between Ms. Zhang and the Company or any officer or director of the Company
which led to Ms. Zhang’s resignation.
The
Company’s board of directors appointed Fernando Liu as chief financial officer,
effective January 1, 2011. There are no understandings or
arrangements between Mr. Liu and any other person pursuant to which Mr. Liu was
elected as an executive officer. Mr. Liu does not have any family relationship
with any director, executive officer or person nominated or chosen by us to
become a director or executive officer.
Pursuant
to an agreement entered into with the Company, Mr. Liu shall receive an initial
annual salary of RMB500,000 (approximately US$75,850) subject to
adjustment. Mr. Liu shall also receive 30,000 shares of common
stock, issuable in quarterly installments of 7,500 shares on each of the first
business day of January, April July, and October 2011, provided that Mr. Liu is
employed by the Company on those dates. The agreement has an initial
term of one year and continues on a month to month basis
thereafter. The agreement may be terminated by the Company without
cause on 30 days prior written notice.
Mr. Liu,
age 28, was an analyst for Barron Partners LP, an investment fund, from 2007
until December 2010, serving as Barron’s China Region chief executive officer.
From 2004 until 2007, Mr. Liu was an analyst and senior analyst for Eos Funds,
an investment fund. Mr. Liu received his bachelor of commerce degree,
with honors, in accounting and finance from the University of British Columbia
and he is a certified public accountant.
Item
7.01 Regulation FD Disclosure.
On
January 4, 2011, the Company announced Ms. Zhang’s resignation and Fernando
Liu’s appointment as chief financial officer and Ana Liu’s appointment as
controller. A copy of the press release that discusses this matter is
filed as Exhibit 99.2 to, and incorporated by reference in, this
report.
In
accordance with General Instruction B.2 of Form 8-K, the information in Item
7.01 of this Current Report on Form 8-K, including Exhibit 99.2, shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that
section, and shall not be deemed to be incorporated by reference into any of the
Company’s filings under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended, whether made before or after the
date hereof and regardless of any general incorporation language in such
filings, except to the extent expressly set forth by specific reference in such
a filing.
Item
8.01 Other Events.
The
Company hired Ms. Ana Liu, as controller, effective January 1,
2011. Ms. Liu is the sister of Fernando Liu, who is the Company’s
chief financial officer. Prior to joining the Company, Ms. Liu, a chartered
accountant, served as a senior accountant at SAP, a provider of business
software solutions, and as an auditor at the accounting firm of Wolrige Mahon
LLP. She holds a bachelor of commerce degree in accounting and transportation
and logistics from the University of British Columbia. The controller is not an
executive officer of the Company.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
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Exhibit
99.1
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Employment
Agreement dated January 1, 2011, between China Wind Systems, Inc. and
Fernando Liu.
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Exhibit
99.2
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Press
Release, dated January 4, 2011, issued by China Wind Systems,
Inc.
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2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Date:
January 5, 2011
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China
Wind Systems, Inc.
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By:
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/s/ Jianhua Wu
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Jianhua
Wu
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Chief
Executive Officer
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