Current Report Filing (8-k)
January 10 2020 - 5:23PM
Edgar (US Regulatory)
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): January 9, 2020
CHINA
XD PLASTICS COMPANY LIMITED
(Exact Name of Registrant as Specified in Its Charter)
Nevada
|
|
001-34546
|
|
04-3836208
|
(State
or Other Jurisdiction of Incorporation)
|
|
(Commission File
Number)
|
|
(I.R.S. Employer
Identification No.)
|
No.
9 Dalian North Road, Haping Road Centralized Industrial Park,
Harbin Development Zone, Heilongjiang Province, PRC 150060
(Address of Principal Executive Offices)
(86)
451-8434-6600
(Registrant's Telephone Number, Including Area Code)
Not
applicable
(Former Name or Former Address, if Changed Since Last Report)
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 under the Exchange Act (17CFR 240.14a-12)
☐
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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
Trading
Symbol
|
Name
of each exchange on which registered
|
Common
Stock
|
CXDC
|
NASDAQ
Global Market
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item
8.01 Other Events.
As
disclosed in Item 3.01 of the Current Report on Form 8-K filed by the Company on January 7, 2020, the Company received a notice
of non-compliance from the NASDAQ Listing Qualifications Department (the “Staff”). The notice informed the Company
that, as a result of the termination of two independent directors’ terms of office, the Company was not in compliance with
NASDAQ Listing Rule 5605, which requires that independent directors must comprise a majority of the Board of Directors of the
Company (the “Board”).
On
January 2, 2020, the Company announced the resignations of Qingwei Ma, a non-independent director, and two independent directors,
Feng Li and Xin Li, as well as the appointments of Huiyi Chen and Guanbao Huang as independent directors of the Company. The Board
has determined that Mr. Chen qualities as “an audit committee financial expert” and both Mr. Chen and Mr. Huang meet
the independence and financial literacy requirements as set forth in NASDAQ Listing Rule 5605.
On
January 10, 2020, the company announced that it has received the formal notification from the Staff on January 9, 2020 which confirmed
that the Company has regained compliance with NASDAQ Listing Rule 5605 with the appointments of Mr. Chen and Mr. Huang. A copy
of the press release is filed as Exhibit 99.1 to this report.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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.
Dated:
January 10, 2020
CHINA
XD PLASTICS COMPANY LIMITED
By:
/s/ Jie HAN
Name:
Jie HAN
Title:
Chief Executive Officer
China XD Plastics (NASDAQ:CXDC)
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