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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest reported) May 30, 2000
CHINA NETTV HOLDINGS INC.
(FORMERLY VANCOUVER'S FINEST COFFEE COMPANY)
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(Exact name of registrant as specified in charter)
Nevada 0-26217 98-02031-70
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Suite 830 - 789 West Pender Street, Vancouver, B.C. V6C 1H2
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (604) 689-4407
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Three directors of Vancouver's Finest Coffee Company (the"Company") have agreed
to transfer 6,000,000 common shares of the Company's stock registered in their
names to Richco Investors Inc. ("Richco"). In exchange, Richco has agreed to
transfer 100% of the issued and outstanding shares of China NetTV Corp., a
corporation formed under the laws of the British Virgin Islands. China NetTV
Corp. has signed a letter of intent to acquire a 51% interest of Chengdu
Qianfeng Digital Audio/Video Equipment Co. Ltd.
Kirsten Wilson, former director, has agreed to transfer 4,500,000 common shares.
Ryan Wilson, former director, has agreed to transfer 1,000,000 common shares.
Fred Burns, former director, has agreed to transfer 500,000 common shares. All
6,000,000 shares will be registered in the name of Richco Investors Inc., a
corporation formed under the laws of Ontario, Canada. Richco's common shares are
listed for trading on the Canadian Dealer's Network.
As part of the agreement to acquire China NetTV Corp. the three directors of the
registrant have agreed to resign and appoint three new directors who will
oversee the implementation of a new business plan.
On May 11, 2000, the Board of Directors appointed Ernest Cheung, Maurice Tsakok
and Marc Hung as members of the Board of Directors, and accepted resignations of
Kirsten Wilson, Ryan Wilson, and Fred Burns as directors.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
The Company has acquired 100% of China NetTV Corp., a corporation formed under
the laws of British Virgin Islands. China NetTV Corp. has signed a letter of
intent to acquire a 51% interest of Chengdu Qianfeng Digital Audio/Video
Equipment Co. Ltd. ("QF Digital"). Richco Investors Inc. transferred its 100%
interest to the Company in exchange for a control block of 6,000,000 restricted
common shares that were owned by three former directors.
QF Digital has proprietary technology that supplies complete turnkey digital TV
broadcasting solutions, including set-top boxes that convert digital broadcast
signals into analog signals. QF Digital intends to incorporate Smart Card WebTV
technology into their set-top boxes.
ITEM 5. OTHER EVENTS
As of May 11, 2000, the Company will change its executive office address to
Suite 830 - 789 West Pender Street, Vancouver, Canada V6C 1H2.
On March 24, 2000, a majority of the shareholders voted to abandon the coffee
kiosk business at the Company's first annual general meeting. The Board of
Directors was given the authority to seek out a new business for the Company and
to change the name of the Company within their discretion. On May 4th the
Company entered into an agreement to acquire 100% of the shares of China NetTV
Corp. On May 25, 2000, the Board of Directors unanimously approved a resolution
to change the name of the Company to China NetTV Holdings Inc.
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On May 30, 2000 the Company filed an amendment with the Nevada Secretary of
State to change the name of the Company to China NetTV Holdings Inc. The Company
received a new CUSIP number for its common stock on May 30, 2000 to reflect this
name change. The new CUSIP number is 16941B 10 3. The Company's common shares
will be quoted on the OTC Bulletin Board under a new stock symbol that has yet
to be assigned by the NASD.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
On May 11, 2000, the Company appointed Ernest Cheung, Maurice Tsakok and Marc
Hung as members of the Board of Directors.
On May 11, 2000, the Company accepted the resignations of Kirsten Wilson as
President and Director, Ryan Wilson as Secretary, Treasurer and Director, and
Fred Burns as Director, effective immediately.
On May 11, 2000, the remaining Board Members decided not to fill the vacancies
left by the resignation of the above Directors. Mr. Cheung was appointed
President, Secretary and Treasurer of the Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) The financial statements required by this item will be filed by
amendment by July 29, 2000.
(b) Exhibits
10 Agreement between the Registrant and China NetTV Corp dated
May 4, 2000
99 News Release of the Registrant, dated May 11, 2000
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.
CHINA NETTV HOLDINGS INC.
(FORMERLY VANCOUVER'S FINEST COFFEE COMPANY
Date: May 30, 2000 /S/ Ernest Cheung
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Ernest Cheung, President
