<PAGE>
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 December, 1999
Qiao Xing Universal Telephone, Inc.
--------------------------------------
(Translation of registrant's name into English)
Qiao Xing Building, Wu Shi Industrial Zone
Huizhou City, Guangdong, 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 Form 20-F or Form 40-F.
Form 20-F X Form 40-F
----- -----
[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
----- -----
[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.
-----------------------------------
(Registrant)
Date: December 28, 1999 By: /s/ Rui Lin Wu
----------------- -------------------------------
Rui Lin Wu, Chairman
<PAGE>
Mr. Jeff J.F. Feng Ruth Shaer/Eugene Heller
Assistant to Chairman Silverman Heller Associates
Qiao Xing Universal Telephone, Inc. 1100 Glendon Avenue, PH-1
Huizhou, Guangdong, P.R.C. Los Angeles, CA 90024-3503
http:\\www.qiaoxing.com Tel: (310) 208-2550
E-mail: [email protected] Fax: (310) 208-0931
Tel: (011) 86-752-2808-188 E-mail: [email protected]
Fax: (011) 86-752-2803-101
QIAO XING UNIVERSAL TELEPHONE, INC. ANNOUNCES
POTENTIAL ENTRY INTO CHINA'S UNTAPPED CDMA
CELL PHONE MARKET
GUANGDONG, CHINA (December 28, 1999) -- Qiao Xing Universal Telephone, Inc.
(NASDAQ NMS: XING) announced today that the Government of Guangdong province in
China is currently reviewing the Company's application to begin manufacturing
CDMA cell phones. Currently, China only produces GSM cell phones.
In October 1999, the Chinese Ministry of Information announced that it would
authorize from three to five companies in China to manufacture CDMA cell phones,
and grant interest-free loans to the selected companies. Qiao Xing responded by
organizing a research team comprised of research and university experts in the
telecommunications field, along with Company executives. As a result, the
Company now has the capability of designing and producing components for CDMA
cell phones. In addition, Qiao Xing began targeting international firms for
strategic alliances. The Company has now reached a preliminary agreement with a
major Asian telecommunications firm that produces and markets CDMA phones
worldwide. In a joint venture, the two companies would establish a factory in
China where Qiao Xing would manufacture and market CDMA phones.
Commented Mr. Riu Lin Wu, chairman of Qiao Xing Universal Telephone, Inc.: "We
are waiting for the agreement to be finalized, but we are optimistic about Qiao
Xing's entry into China's potentially huge CDMA cell phone market. The Ministry
of Information is expected to review our application with the Economics and
Trade Committee before year end and we are hopeful that we will be selected."
In August 1995, Qiao Xing became the first telephone manufacturer in China to
receive the ISO 9001 Quality System Accreditation award. The Company currently
produces 165 corded models and 25 cordless models, and has an extensive
nationwide sales network that comprises 1,350 retail outlets in China. In 1997
and 1998, Qiao Xing Universal Telephone, Inc. ranked #2 in telephone sales in
China.
This press release contains "forward-looking statements" regarding 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 Company. These risks and uncertainties
include, but are 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.
# # # #
