-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AJU/y0HJQ5hfnfTy2HW1PXCX2dpKeoAX/5jPvuTGPMlz/+3Qgi2SFH44wLprBRSd 8+B5ywm3YgMltd0pP8s5/w== 0001035704-03-000656.txt : 20030908 0001035704-03-000656.hdr.sgml : 20030908 20030908090903 ACCESSION NUMBER: 0001035704-03-000656 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030903 FILED AS OF DATE: 20030908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QIAO XING UNIVERSAL TELEPHONE INC CENTRAL INDEX KEY: 0001051846 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29946 FILM NUMBER: 03885111 BUSINESS ADDRESS: STREET 1: QIAO XING BUILDING WU SHI INDUSTRIAL ZON STREET 2: 011-86-752-2808188 CITY: HUIZHOU CITY GUANG D STATE: F4 ZIP: 80111 MAIL ADDRESS: STREET 1: WU SHI INDUSTRIAL ZONE STREET 2: HUIZHOU CITY GUANGDONG PEOPLES REP OF CH 6-K 1 d08920e6vk.htm FORM 6-K e6vk
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of September 2003

Commission File Number 0-29946


Qiao Xing Universal Telephone, Inc.
(Translation of registrant's name into English)
 
Qiao Xing Science Industrial Park
Tang Quan
Huizhou City, Guangdong, People's Republic of China 516023
(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): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

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): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

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- ________


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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, thereunto duly authorized.

         
    Qiao Xing Universal Telephone, Inc.
(Registrant)
 
Date: September 3, 2003   By:   /s/ RUI LIN WU

RUI LIN WU,
Chairman


Signatures
EXHIBIT INDEX
EX-99.1 Press Release


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EXHIBIT INDEX

     
Exhibit No.   Description

 
99.1   Press Release

EX-99.1 3 d08920exv99w1.htm EX-99.1 PRESS RELEASE exv99w1

 

EXHIBIT 99.1

Qiao Xing Universal Telephone, Inc.’s Subsidiary
Appoints New CEO

Wednesday September 3, 9:04 am ET

HUIZHOU, China, Sept. 3 /Xinhua-PRNewswire/ — Qiao Xing Universal Telephone, Inc. (Nasdaq: XING — News), announced today Ms. Xue Chen, former CEO and director of CECT has chosen to resign for personal reasons. The board of directors of CECT respected her decision and accepted her resignation. Following the unanimous consent, the board of directors then appointed Mr. Wu Zhiyang as CEO of CECT and Mr. Sun Xueming as director, with immediate effect.

CECT’s management team has now been enhanced, while streamlining several departments at the same time.

Mr. Wu Zhiyang has over ten years of experience in the telecommunications business in China and holds an EMBA from Peking University. He previously held the positions of Vice President and Deputy Chairman with the Qiao Xing Group, a famous group that was recently elected as a TOP 500 company in China, prior to his engagement with CECT. Mr. Wu Zhiyang now acts as Vice Chairman of Qiao Xing Universal Telephone, Inc., Chairman of CECT and CECM. Mr. Wu Zhiyang has been with CECT since May 2002 and is now very familiar with its operations.

Since obtaining approval for the acquisition of CECT in February 2003, XING has conducted a series of studies on all aspects of CECT’s operations and implemented various plans in the area of marketing, R&D, production, sales, finance and human resources to improve on the operational efficiency and to set up a powerful and efficient management team. Under the leadership of this team, CECT has achieved encouraging breakthroughs in the establishment of the distribution network, new product development and brand building.

Based on the principle “Carry forward advantages and avoid deficiency”, we further strengthened and streamlined CECT’s management team. Persons with the appropriate experience and expertise have been appointed to head the respective divisions and departments.

Mr. Wu Ruilin, Chairman of XING, said, “Based on the comparative advantages that CECT enjoys and our expertise in management, marketing and distribution from our XING operations, we aim to make it a top mobile phone manufacturer in China.”

“The restructuring of the management of CECT sees Wu Zhiyang being appointed the CEO. I have confidence in him taking the helm at CECT and lead the company on the right track towards a better performance.”

“I also have full confidence in CECT’s future.” Mr. Wu added.

About Qiao Xing Universal Telephone, Inc.

In August 1995, Qiao Xing Universal Telephone, Inc. became one of the largest and the first telephone manufacturer in China to receive the ISO 9001 Quality System Accreditation award. The Company currently produces over 200 models of corded and cordless telephones and distributes such products through an extensive network of more than 3,500 retail stores throughout China. In May 2002, Qiao Xing’s 80% owned subsidiary Qiao Xing Mobile Communication Co., Ltd. acquired a 65 percent interest in CEC Telecom Ltd (CECT), which was formally approved by all the necessary government authorities on 8 Feb 2003.

 


 

Forward-looking statements

This release contains certain forward-looking statements concerning recent and future economic performance and the plans and objectives of management for future operations. These forward-looking statements can be identified by the use of such words as “projects”, “expects” and “anticipate”, and variations of such words. Such forward-looking information involves risks and uncertainties that include, but not limited to, those relating to economical, political, legal and social conditions in the People’s Republic of China, dependence upon key management personnel, competition, material factors relating to the operations of the business, and domestic and global economic conditions.


Source: Qiao Xing Universal Telephone, Inc.    

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