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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 September, 1999
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Qiao Xing Universal Telephone, Inc.
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(Translation of registrant's name into English)
Qiao Xing Building, Wu Shi Industrial Zone
Huizhou City, Guangdong, People's Republic of China
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .
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.
Qiao Xing Universal Telephone, Inc.
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(Registrant)
Date: September 23, 1999 By: /s/ Rui Lin Wu
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Rui Lin Wu, Chairman
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Qiao Xing Universal Telephone, INC
For Immediate Release Exhibit 99.1
For further information
Mr. Jeff J.F. Feng Tel: 86-752-280-8188
Qiao Xing Universal Telephone, Inc. Fax: 86-752-280-3101
http:\\www.qiaoxing.com
E-mail: [email protected]
Qiao Xing Universal Telephone
Appoints Mr. K.G. ZHU Chief Executive Officer
CHINA, September 21, 1999 -- Qiao Xing Universal Telephone, Inc. ("Qiao Xing" or
the "Company", NASDAQ/NMS: XING) today announces the appointment of Mr. K.G. ZHU
as Chief Executive Officer ("CEO") of the Company. Mr. ZHU will be responsible
for the Company's overall strategic direction, policy making, leadership of the
executive team and reports to Mr. Rui Lin WU, Chairman and President of the
Company.
Mr. ZHU has more than six years' experience in project management, quality
control and customer development. He is a forerunner in cordless telephone
field. He was a key member of the engineering team which developed Asia's first
digital cordless telephone ("DCT"). Mr. ZHU said: "Qiao Xing's encouraging
future attracts me. The Company's ceaseless self-improvement, intensive emphasis
on research and development and the increasing of manufacturing and distribution
capacity with the objective of becoming the largest telephone manufacturer in
PRC have impressed me."
Mr. ZHU spent nearly six years at VTech Holdings Ltd. ("VTech", which is the
world market leader of 900 MHz cordless phones), rising to the position of
engineering manager at VTech Communications (US) Ltd. In this position, Mr. ZHU
was in charge of the Engineering Department of VTech Portland Office. He also
served as senior engineering manager at Telecom Division, which consisted of
production engineering, industrial engineering, development engineering, and
testing engineering departments.
Upon leaving VTech, Mr. ZHU was the deputy General Manager at S.Megga
Telecommunications Limited, a Hong Kong listed company which is mainly engaged
in manufacturing and sales of telecommunications products. He helped grow
S.Megga's sales per month from $500 thousand to over $10 million .
Mr. ZHU joins Qiao Xing from BTK Electronics, where he served as General
Manager. BTK is one of the major telecommunications equipment manufacturers in
China. At BTK, Mr. ZHU was leading the development, manufacturing and marketing
departments.
P. S.: Qiao Xing is one of the largest telephone manufacturers in China,
currently produces 165 corded models and 25 cordless models, and has an
extensive nationwide sales network that comprises over 1,000 retail outlets in
China. Qiao Xing is also the first telephone manufacturer in China to receive
the ISO 9001 Accreditation.
This Press Release contains "forward-looking statements" regarding to future
revenues and operating information and their impact on future results. Such
forward-looking information involves important risks and uncertainties that
could significantly affect anticipated results in the future and, accordingly,
actual results may differ materially from those expressed in any forward-looking
statements made by or on behalf of the Group. These risks and uncertainties
include, but and not limited to, those relating to economic, political, legal
and social conditions in the People's Republic of China, dependence upon key
management personnel, competition, material factors relating to the operations
of the business, and domestic and global general economic conditions.
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