-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SiItv8Ca1TiaElrhfNczrKBM5A7XAJgLo0yHEzf3ARuytfWX/6WxcuVpiY9Cty2F TlMBEuBHG/p47yELajAH+g== 0001430452-10-000028.txt : 20100728 0001430452-10-000028.hdr.sgml : 20100728 20100728161310 ACCESSION NUMBER: 0001430452-10-000028 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100728 FILED AS OF DATE: 20100728 DATE AS OF CHANGE: 20100728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pansoft CO LTD CENTRAL INDEX KEY: 0001430452 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34168 FILM NUMBER: 10974504 BUSINESS ADDRESS: STREET 1: 3/F QILU SOFTWARE PARK BUILDING STREET 2: JINAN HI-TECH ZONE CITY: JINAN, SHANDONG STATE: F4 ZIP: 250101 BUSINESS PHONE: (86531)88871166 MAIL ADDRESS: STREET 1: 3/F QILU SOFTWARE PARK BUILDING STREET 2: JINAN HI-TECH ZONE CITY: JINAN, SHANDONG STATE: F4 ZIP: 250101 6-K 1 pansoft6k07282010.htm Unassociated Document
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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of July 2010.
 
Commission File Number: 001-34168
 
PANSOFT COMPANY LIMITED
(Translation of registrant’s name into English)
 
3/F Qilu Software Park Building
Jinan Hi-Tech Zone
Jinan, Shandong,
People’s Republic of China 250101
86-531-88871166
(Address of principal executive office)
 

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.
 
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.
 
 
PANSOFT COMPANY LIMITED
  
       
Date: July 28, 2010
By:
/s/ Allen Zhang 
  
   
Allen Zhang 
  
   
Chief Financial Officer
  
  

 
 
 
 
EXHIBIT INDEX
 
     
Number
  
Description of Exhibit
99.1
  
Pansoft Signs Agreement with Jinan Housing Industrialization Development Center
 

 
 
 
EX-99.1 2 ex99-1.htm Unassociated Document
Exhibit 99.1
 
Pansoft Company Limited
Allen Zhang, Chief Financial Officer
Phone: +86-531-8887-1159
Email: allen.zhang@pansoft.com
CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com


For immediate release:

 
Pansoft Signs Agreement with Jinan Housing Industrialization Development Center

Jinan, China, July 28, 2010 – Pansoft Company Limited (NASDAQ: PSOF) (“Pansoft” or the “Company”), a leading ERP software service provider for the oil and gas industry in China, today announced the signing of an agreement with Jinan City Housing Industrialization Development Center, a state-run business under the Urban Construction Committee of the Jinan Municipal Government, to develop and operate a web based software platform, the China Skeleton Infilling (CSI) Products E-commerce Platform.
 
Under the CSI approach, only the frame, original floor, and ceiling are constructed onsite. The apartment in the frame is filled according to the customer’s wishes with pre-manufactured and removable walls to form different rooms including finished kitchens and bathrooms, which sit on elevated floors above the pipes and electrical lines.  CSI is a popular new approach for construction and furnishing in Japan and Europe and is gaining acceptance in China.  The term CSI refers to all of the infilling objects.  By reducing onsite construction, CSI increases building efficiency and reduces damage to the environment by turning construction into a manufacturing process, and CSI enhances quality control for both construction and furnishing.  This approach has also received government support in terms of land being specifically designated for CSI construction, a minimum percentage of housing construction projects being required to use the CSI model, and through CSI builders receiving preferential tax and loan treatment.  The CSI Products E-commerce Platform will involve thousands of CSI product manufacturers and contractors, as well as millions of potential buyers.  In addition, the platform will facilitate millions of housing purchases, mortgage loan programs, and sales of CSI products.  Pansoft will leverage its expertise and technology to develop trading and payment management software systems to support and operate the website.
 
Under the agreement, Pansoft will invest a total of RMB 15 million over three years for a 70% stake in the CSI Products E-commerce Platform.  Jinan Housing Industrialization Development Center will provide the relevant CSI technology and trading model in exchange for a 30% stake in the platform.  “The CSI model apartments are expected to comprise 20% of all housing in China in the near future, representing approximately 1.4 million units with a potential market for CSI products of approximately RMB 110 billion,” said Mr. Quanliang Wang, Director of the Jinan City Housing Industrialization Promotion Center.  “Of this figure, RMB 22 billion is expected to be transacted through the trading platform developed and operated by this joint venture.”
 
“We are honored to cooperate with the Jinan Housing Industrialization Development Center on this unique online commerce platform,” said Hugh Wang, Pansoft’s Chairman. “This is a great opportunity for Pansoft to enter into the CSI product e-commerce market with solid government support and strong environmental awareness. The platform will facilitate B2B and B2C transactions, coordinate payments, and enable the virtual display of industrialized residential housing elements.  The display and trading platform for virtual products has special requirements, which pose a high entry barrier for other players.  Although the outlook for housing projects completed with CSI could face certain risks, such as market acceptance for pre-manufactured housing in China, these types of online transactions still represent a huge potential market.  We are optimistic about the future growth of this market segment and remain positive on its financial contribution to Pansoft.”

About Pansoft Company Limited

Pansoft is a leading enterprise resource planning (“ERP”) software and professional services provider for the oil and gas industry in China.  Its ERP software offers comprehensive solutions in various business operations including accounting, order processing, delivery, invoicing, and inventory control and customer relationship management. For more information, visit http://www.pansoft.com.

About Jinan City Housing Industrialization Development Center

Jinan City Housing Industrialization Development Center primarily announces demonstration projects, coordinates project appraisal, promotes residential technology development, and provides deployment and management of information systems in Jinan City. Its responsibilities include project development, management of the developer bidding process, and supervision and control of project funding. The center employs several experienced engineers and technicians.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements concerning Pansoft Company Limited, which include but are not limited to, statements regarding the success and the expected financial contribution from future projects, government support for pre-manufactured housing, acceptance of pre-manufactured housing in China, and the performance of China’s housing market in general.  The actual results may differ materially depending on a number of risk factors including but not limited to, the following: general economic and business conditions, development, shipment and market acceptance of products, additional competition from existing and new competitors, changes in technology or product techniques, the Company’s ability to successfully integrate its business acquisition, and various other factors beyond its control.  All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company’s reports filed with the Securities and Exchange Commission.  Pansoft Company Limited undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.


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