Current Report Filing (8-k)
02 September 2021 - 8:10PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 18, 2021
CHINA
XD PLASTICS COMPANY LIMITED
(Exact
name of registrant as specified in its charter)
Nevada
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001-34546
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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 Dalian North Road, Haping Road Centralized Industrial Park,
Harbin
Development Zone, Heilongjiang Province, the PRC
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150060
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(Address
of principal executive offices)
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(Zip
Code)
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(86)
451-8434-6600
(Registrant’s
Telephone Number, Including Area Code)
Not
applicable
(Former
name or former address, if changed since last report)
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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock
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CXDC
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Nasdaq
Global Market
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
August 18, 2021, China XD Plastic Company Limited (the “Company”) received a letter (the “Letter”) from the Listing
Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with
requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarterly
period ended June 30, 2021 and because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December
31, 2020 (the “Form 10-K”) and its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021.
The
Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. The Letter
states that, based on Nasdaq’s review of the Company’s previously submitted plan of compliance (the “Plan of Compliance”)
and discussion with the Company on July 26, 2021, the Company is required to submit a written update of the audit work to date and audit
procedures which still need to be completed along with a timeline for completion of each of the delinquent reports stated herein. If
the Company’s Plan of Compliance is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due
date of the Form 10-K to regain compliance.
On
August 31, 2021, the Company issued a press release announcing its receipt of the Letter. A copy of the press release is attached as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM
9.01 Financial Statements and Exhibits
(d)
Exhibits.
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.
Date:
September 2, 2021
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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:
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Jie
HAN
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Title:
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Chief
Executive Officer
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