- Current report filing (8-K)
May 01 2009 - 3:07PM
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 Earliest Reported Event:
May 1, 2009
CHINA XD PLASTICS COMPANY LIMITED
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(Exact name of registrant as specified in its charter)
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Nevada
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333-134073
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04-3836208
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(State or Other
Jurisdiction of
Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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No. 9 Qinling Road, Yingbin Road Centralized Industrial Park
Harbin Development Zone, Heilongjiang, China
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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86-451-84346600
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(Registrant's telephone number, including area code)
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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):
o
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01 Entry into a
Material Definitive Agreement.
On May 1, 2009, Harbin Xinda
Macromolecule Material Co., Ltd., a wholly-owned subsidiary of China XD Plastics Company
Limited (the Company), executed a lease of office and factory space at
No. 9 Dalian North Road, Haping Road Centralized District, Harbin Development Zone,
Harbin, Helongjiang, China.
The landlord is Harbin Xinda
High-Tech Company Limited (Xinda High-Tech). The leased space is 23,893.53
square meters located at No. 9 Dalian North Road, Haping Road Centralized District,
Harbin Development Zone, Harbin, Helongjiang, China. The term of the lease is three years
from May 1, 2009 to April 30, 2012. The rent for the lease space is RMB 2,000,000
(approximately US$294,000) per year and payable annually on or before the fifteenth
business day of December. The lease may not be terminated prior to the expiration date
except in the event that the landlord sells or transfers the leased property to a third
party; either party dissolves and ceases to do business; either party violates the lease
agreement and does not cure such violation within 30 days; or a force majeure event
lasting more than 60 days.
Item 2.03 Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The information required by this Item
2.03 is set forth in Item 1.01 above, which is incorporated by reference.
Item 5.02 Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On May 1 2009, our Board of Directors
appointed Mr. Taylor Zhang as the Chief Financial Officer the Company effective May 1,
2009. Upon Mr. Zhangs effective appointment as the Companys Chief Financial
Officer, Mr. Jie Han will step down as the Companys Chief Financial Officer. Mr.
Hans resignation as the Companys Chief Financial Officer is not the result of
any disagreement with the Company on any matter relating to the Companys operations,
policies or practices.
Mr.
Zhang has over seven years of experience in finance and operation
in a broad range of industries. Immediately prior to joining China XD, Mr. Zhang
served as CFO of Advanced Battery Technologies, Inc (Nasdaq: ABAT). From
2007 to 2008, he served as Executive Vice President of Finance of China
Natural Gas, Inc. (OTCBB: CHNG). From 2005 to 2007, Mr. Zhang worked as
a research analyst in New York Private Equity. From 2000 to 2002 he
was employed as Finance Manager by Datong Thermal Power Limited. He holds a
MBA from University of Florida and a Bachelors Degree in mechanical and
electronic engineering from Beijing Technology and Business University.
Mr.
Zhang will receive annual base salary compensation of US$108,000 in connection
with his appointment as the Companys Chief Financial Officer.
Item 9.01. Financial
Statements and Exhibits
(d) Exhibits
10.1
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Lease
Agreement dated May 1, 2009.
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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: May 1, 2009
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CHINA XD PLASTICS COMPANY LIMITED
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By:
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/s/ Jie Han
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Name: Jie Han
Title: Chief Executive Officer
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