0001571049-17-005107.txt : 20170517 0001571049-17-005107.hdr.sgml : 20170517 20170517212414 ACCESSION NUMBER: 0001571049-17-005107 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170130 FILED AS OF DATE: 20170517 DATE AS OF CHANGE: 20170517 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WECAST NETWORK, INC. CENTRAL INDEX KEY: 0000837852 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 201777837 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 27 UNION SQUARE, WEST STREET 2: SUITE 502 CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 212-206-1216 MAIL ADDRESS: STREET 1: 27 UNION SQUARE, WEST STREET 2: SUITE 502 CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: Wecast Network, Inc. DATE OF NAME CHANGE: 20161114 FORMER COMPANY: FORMER CONFORMED NAME: YOU ON DEMAND HOLDINGS, INC. DATE OF NAME CHANGE: 20110224 FORMER COMPANY: FORMER CONFORMED NAME: CHINA BROADBAND INC DATE OF NAME CHANGE: 20070516 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Xu Yi CENTRAL INDEX KEY: 0001702775 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35561 FILM NUMBER: 17853370 MAIL ADDRESS: STREET 1: C/O WECAST NETWORK, INC., BUILDING B4 STREET 2: TAI MING INT'L. BUSINESS CT, TAI HU TOWN CITY: TONGZHOU DISTRICT, BEIJING STATE: F4 ZIP: 101116 3 1 t1701598_x4.xml OWNERSHIP DOCUMENT X0206 3 2017-01-30 1 0000837852 WECAST NETWORK, INC. WCST 0001702775 Xu Yi BUILDING B4, TAI MING INTERNATIONAL BUSINESS COURT TAI HU TOWN TONGZHOU DIST, BEIJING, F4 101116 CHINA 0 1 0 0 Chief Operating Officer Exhibit 24.1 - Power of Attorney (filed herewith) /s/ William Haddad, Attorney-in-Fact for Yi Xu 2017-05-17 EX-24 2 t1701598_x4-ex24.htm POWER OF ATTORNEY

 

Exhibit 24 

 

POWER OF ATTORNEY

 

(For Executing Form ID and Forms 3, 4 and 5 and Schedule 13D)

 

Know all by these presents, that the undersigned hereby constitutes and appoints each of William Haddad, Garth Osterman, Marianne Sarrazin, Malin Delling and Eric Steiner of Cooley LLP, signing individually, the undersigned’s true and lawful attorneys-in fact and agents to:

 

(1)       Prepare, execute in the undersigned’s name and on the undersigned’s behalf, and submit to the Securities and Exchange Commission (the “SEC”) Form ID and Forms 3, 4 and 5 (including amendments thereto and joint filing agreements in connection therewith) in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules thereunder in the undersigned’s capacity as an officer, director or beneficial owner of more than 10% of a registered class of securities of the Company;

 

(2)       Prepare, execute in the undersigned’s name and on the undersigned’s behalf, and submit to the SEC Schedule 13D or Schedule 13G (including amendments thereto and joint filing agreements in connection therewith) in accordance with Section 13(d) and (g) of the Exchange Act and the rules thereunder in the undersigned’s capacity as beneficial owner of more than 5% of a registered class of securities of the Company;

 

(3)       Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to prepare and execute any such Form ID and Forms 3, 4 or 5 and Schedules 13D or 13G (including amendments thereto and joint filing agreements in connection therewith) and file such forms or schedules with the SEC and any stock exchange, self-regulatory association or any similar authority; and

 

(4)       Take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required of the undersigned, it being understood that the documents executed by the attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as the attorney-in-fact may approve in the attorney-in-fact’s discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, and their substitutes, in serving in such capacity at the request of the undersigned, are not assuming (nor is the Company assuming) any of the undersigned’s responsibilities to comply with Sections 13 or 16 of the Exchange Act.

 

This Power of Attorney shall remain in full force and effect until the earliest to occur of (a) the undersigned is no longer required to file Form ID or Forms 3, 4 and 5 or Schedules 13D or 13G with respect to the undersigned’s holdings of and transactions in securities issued by the Company, (b) revocation by the undersigned in a signed writing delivered to the Company and the foregoing attorneys-in fact or (c) as to any attorney-in-fact individually, until such attorney-in-fact is no longer employed by the Company or Cooley LLP, as applicable.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date written below.

 

 

Date: March 31, 2017

By:/s/ Yi Xu

Name: Yi Xu

Title: Chief Operating Officer