Taoping Inc. — Regulatory Filings 2015

Nov 13, 2015

6-K 1 form6k.htm FORM 6-K China Information Technology, Inc.: Form 6-K - Filed by newsfilecorp.com

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 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2015

Commission File Number 001-35722

CHINA INFORMATION TECHNOLOGY, INC. (Translation of registrant’s name into English)

21 st Floor, Everbright Bank Building Zhuzilin, Futian District Shenzhen, Guangdong, 518040 People’s Republic of China (Address of principal executive offices)

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.

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On November 6, 2015, a variable interest entity of China Information Technology, Inc., iASPEC Geo Information Technology Co., Ltd. (“iASPEC”) entered into an equity transfer agreement (the “Transfer Agreement”) with certain individual and entity purchasers (the “Transferees”), pursuant to which, iASPEC sold all of its ownership of Wuda Geoinformatics Co., Ltd. (“Wuda Geo”), a Chinese company, which constitutes approximately 54.89% of total capital stock of Wuda Geo for an aggregate of RMB 91,338,000 (approximately $14.4 million) (the “Purchase Price”). Pursuant to the Transfer Agreement, the Transferees agreed to pay the Purchase Price in four installments by March 30, 2016 with the first installment of RMB 3 million being paid within five business days following the date of the Transfer Agreement.

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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.

Date: November 13, 2015
By:	/s/
Jiang Huai Lin
	Jiang Huai Lin
	Chief Executive Officer