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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 April 2000
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: April 4, 2000 By: /s/ Rui Lin Wu
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Rui Lin Wu, Chairman
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Mr. Jeff J.F. Feng Dan Matsui/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
------------------------ E-mail: [email protected]
Tel: (011) 86-752-2808-188
Fax: (011) 86-752-2803-101
QIAO XING UNIVERSAL TELEPHONE, INC. NAMED
"CORE HIGH- AND NEW-TECH ENTERPRISE",
TO RECEIVE MULTI-YEAR TAX BENEFITS
HUIZHOU, CHINA (April 4, 2000) -- Qiao Xing Universal Telephone Inc. (NASDAQ
NMS: XING) today announced the Chinese government, through its Chinese Science
Department, has named Qiao Xing a "Core High- and New-Tech Enterprise" and a
member of the Torch Project, a national science and technology development
program, sponsored by the Chinese government to encourage companies in China to
engage in scientific and technological research and development.
As a result of its title and Project membership, the Company will receive a 100%
exemption from People's Republic of China enterprise income taxes for the next
three years and a 50% exemption in years four through six.
Commenting on his company's recognition, Mr. Riu Lin Wu, chairman of Qiao Xing,
said: "As one of the 133 companies in China to be recognized, we are pleased to
receive this title and beneficial tax status. We certainly appreciate our
government's support and are grateful for their recognition of our talented team
and many years of hard work. This also helps increase our visibility and status
in the industry."
In August 1995, Qiao Xing Universal Telephone, Inc. became the first telephone
manufacturer in China to receive the ISO 9001 Quality System Accreditation
award. The Company currently produces 165 models of corded telephones and 25
cordless models. Its sales network is extensive with 1,350 retail store
locations throughout China. Ranked #2 in telephone sales in China for 1997 and
1998, the Company achieved the #1 sales ranking for 1999.
This news 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.
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