UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF
1934
For the month of November 2011
Commission File Number: 001-35190
TAOMEE
HOLDINGS LIMITED
16/F, Building No. A-2, No. 1528 Gumei Road, Xuhui District
Shanghai 200233, Peoples Republic of China
(86-21) 6128-0056
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F
x
Form 40-F
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
¨
Indicate by check mark whether by furnishing the
information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
¨
No
x
If Yes is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
N/A
SIGNATURE
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, thereunto duly authorized.
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TAOMEE HOLDINGS LIMITED
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By:
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/s/ Paul Keung
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Name:
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Paul Keung
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Title:
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Chief Financial Officer
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Date: November 28, 2011
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EXHIBIT INDEX
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Page
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Exhibit 99.1 Press Release
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Exhibit 99.1
TAOMEE ANNOUNCED SHARE REPURCHASE PLAN
(Shanghai, China November 28, 2011)
Taomee Holdings Limited (NYSE: TAOM) (Taomee or the Company), one of the leading childrens entertainment and media companies in China, today announced that its Board of Directors approved a share repurchase plan on
November 22, 2011, effective upon the approval. Under the plan, Taomee is authorized, but not obligated, to repurchase, through open market purchase or privately negotiated transactions, up to US$10 million worth of outstanding American
Depositary Shares (ADSs) representing the ordinary shares of Taomee over the next 12 months, depending on market conditions, share price and other factors, subject to relevant rules and regulations under the U.S. securities laws.
The share repurchase plan will be funded by the Companys free cash flow as well as existing working capital. As of September 30,
2011, the Company had cash and cash equivalents of approximately US$120.9 million.
As of November 28, 2011, the Company had 733,754,480
ordinary shares issued and outstanding.
About Taomee Holdings Limited
Taomee Holdings Limited is one of the leading childrens entertainment and media companies in China with a mission to create exceptional entertainment experiences for children that are fun, safe and
trusted by parents. Taomee has created online virtual worlds with enduring and iconic characters, images and story lines that have resonated and attracted a loyal following among children in China. As of June 2010, Taomee was ranked as the largest
online entertainment community for children in China measured by market share and active accounts, according to a report from iResearch. Taomee has expanded into offline business by licensing its franchises to other media formats including books,
films and television and makers of consumer products targeting children.
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Safe Harbor Statements
This press release contains statements that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words or phrases such as may, will,
expect, anticipate, aim, estimate, intend, plan, believe, potential, continue, is/are likely to or other similar expressions.
Among other things, the managements quotations and outlook information contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Potential risks and uncertainties include, but are not limited to: the Companys business strategies and initiatives as
well as business plans; future business development, results of operations and financial condition; expected changes in revenues and certain cost or expense items; expectations with respect to increased revenue growth and the Companys ability
to sustain profitability; the Companys services and products under development or planning; the Companys ability to attract users and further enhance the Companys brand recognition; and trends and competition in the childrens
entertainment and media market and industry, including those for online entertainment. Further information regarding these and other risks is included in Taomees filings with the U.S. Securities and Exchange Commission, including its
registration statement on its final prospectus dated June 10, 2011. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to
reflect subsequent occurring events or circumstances, or changes in its expectations, except as required under applicable law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, the
Company cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
Taomee Holdings Limited
ir@taomee.com
Christensen
In China
Christian Arnell
Phone: +86-10-5826-4939
E-mail:
carnell@christensenir.com
In US
Kimberly Minarovich
Phone: +1-917-533-3268
E-mail:
kminarovich@christensenir.com
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