Current Report Filing (8-k)
07 September 2017 - 9:02PM
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 Report (Date of earliest event reported):
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August 31, 2017
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HIGHPOWER INTERNATIONAL,
INC.
(Exact name of registrant
as specified in its charter)
Delaware
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001-34098
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20-4062622
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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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Building A1,
Luoshan Industrial Zone, Shanxia, Pinghu, Longgang, Shenzhen, Guangdong, 518111, China
(Address,
including zip code, of principal executive offices)
Registrant’s telephone number, including area code
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(86) 755-89686238
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(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 (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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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 (17 CFR §230.405) or Rule 12b-2
of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.
¨
On August 31, 2017, Wenliang Li, a member of the Board
of Directors of Highpower International, Inc. (the “Company”), entered into trading plan in accordance with Rule 10b5-1
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Rule 10b5-1 permits an individual who is not
then in possession of material nonpublic information to establish a prearranged plan to buy or sell stock at a specific price in
the future, regardless of any subsequent material nonpublic information.
Under the plan, Mr. Li intends to sell no more than
800,000 shares of Company common stock from time to time for a period until June 30, 2018. Shares will be sold under the plan on
the open market at prevailing market prices, subject to minimum price thresholds.. Mr. Li currently beneficially owns 2,089,745
shares of Company common stock. This plan will facilitate the orderly sale of common stock for Mr. Li’s personal financial
planning purposes with the goal of minimizing any market impact and avoiding any concerns about the timing of the transactions.
The trading plan was adopted during an "open window" in accordance with guidelines specified by Rule 10b5-1 and as permitted
by the Company's insider trading policy. Transactions under the plan will be disclosed in Form 144 and Form 4 filings with the
Securities and Exchange Commission.
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: August 31, 2017
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Highpower International, Inc.
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/s/
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Sunny Pan
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By:
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Sunny Pan
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Its:
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Chief Financial Officer
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