Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
08 January 2021 - 8:31AM
Edgar (US Regulatory)
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 January 2021
Commission File Number 001-34566
China Biologic Products Holdings, Inc.
(Exact name of registrant as specified
in its charter)
18th Floor, Jialong International Building,
19 Chaoyang Park Road
Chaoyang District, Beijing 100125
People’s Republic of China
(+86) 10-6598-3111
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of 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.
Settlement of the Xinjiang Deyuan Lawsuits
As previously disclosed, Guizhou Taibang Biological Products
Co., Ltd. (“Guizhou Taibang”), an indirect wholly owned subsidiary of China Biologic Products Holdings, Inc. (the “Company”),
had filed lawsuits against Xinjiang Deyuan Bioengineering Co., Ltd. (“Xinjiang Deyuan”) and its controlling shareholder
in the Beijing Third Intermediate People’s Court and the Beijing Chaoyang People’s Court, in relation to disputes under
the strategic cooperation agreement (the “Cooperation Agreement”) entered into in August 2015 among Guizhou Taibang,
Xinjiang Deyuan and its controlling shareholder (as supplemented by a supplementary agreement entered into in August 2018).
In the lawsuits, Guizhou Taibang had demanded Xinjiang Deyuan
to repay the principal amount and interests under certain loan (the “Loan”) lent to it by Guizhou Taibang in connection
with the Cooperation Agreement, to further perform Xinjiang Deyuan’s obligations under the Cooperation Agreement, to pay
related penalties, and to compensate the losses of Guizhou Taibang due to Xinjiang Deyuan’s breach of the Cooperation Agreement,
among other things.
On December 28, 2020, Guizhou Taibang, Xinjiang Deyuan and its
controlling shareholder entered into settlement agreements to settle the lawsuits. Pursuant to the settlement agreements, Xinjiang
Deyuan shall pay to Guizhou Taibang an aggregate amount of approximately RMB300 million, consisting of the repayment of all the
outstanding principal amount and interests under the Loan, the return of certain prepaid purchase price for source plasma, and
the compensation for termination of contract. After the full payment of such amount by Xinjiang Deyuan to Guizhou Taibang, the
Cooperation Agreement will terminate.
Departure of a Director
As previously disclosed, the Company, PW Medtech Group Limited
(“PWM”) and Biomedical Treasure Limited (“Biomedical Treasure”) entered into an assignment and amendment
agreement (the “PWM IRA Assignment Agreement”) on October 26, 2020 for PWM to assign its rights and obligations under
the investor rights agreement between the Company and PWM to Biomedical Treasure in connection with the sale by PWM to Biomedical
Treasure of 3,750,000 ordinary shares of the Company (the “PWM Share Sale”). Under the PWM IRA Assignment Agreement,
PWM agreed to cause Ms. Yue’e Zhang to resign as a director from the board of directors of the Company with effect from the
closing of the PWM Share Sale. On January 6, 2021, the PWM Share Sale was consummated and Ms. Yue’e Zhang delivered her resignation
letter to the board of directors of the Company, effective immediately. Ms. Yue’e Zhang also informed the Company that her
resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies
or practices.
Safe Harbor Statement
This Form 6-K may contain certain “forward-looking statements”
relating to the business of China Biologic Products Holdings, Inc. and its subsidiaries. All statements, other than statements
of historical fact included herein, are “forward-looking statements.” These forward-looking statements are often identified
by the use of forward-looking terminology such as “intend,” “believe,” “expect,” “are
expected to,” “will,” or similar expressions, and involve known and unknown risks and uncertainties. Although
the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions,
risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this Form 6-K. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.
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.
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CHINA BIOLOGIC PRODUCTS HOLDINGS, INC.
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Date:
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January 7, 2021
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By:
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/s/ Joseph Chow
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Name:
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Joseph Chow
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Title:
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Chairman of the Board of Directors
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China Bioligic Products (NASDAQ:CBPO)
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