0001477932-14-003807.txt : 20140722 0001477932-14-003807.hdr.sgml : 20140722 20140722111035 ACCESSION NUMBER: 0001477932-14-003807 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140722 FILED AS OF DATE: 20140722 DATE AS OF CHANGE: 20140722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Xiniya Fashion Ltd CENTRAL INDEX KEY: 0001499494 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34958 FILM NUMBER: 14985983 BUSINESS ADDRESS: STREET 1: 4TH FLOOR, 33 WANG HAI ROAD STREET 2: XIAMEN SOFTWARE PARK PHASE II CITY: XIAMEN, FUJIAN PROVINCE STATE: F4 ZIP: 361000 BUSINESS PHONE: 86 1365 5939 932 MAIL ADDRESS: STREET 1: 4TH FLOOR, 33 WANG HAI ROAD STREET 2: XIAMEN SOFTWARE PARK PHASE II CITY: XIAMEN, FUJIAN PROVINCE STATE: F4 ZIP: 361000 6-K 1 xny_6k.htm FORM 6-K xny_6k.htm


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 of
The Securities Exchange Act of 1934
 
For the Month of July, 2014
 
Commission File Number 001-34958
 
CHINA XINIYA FASHION LIMITED
 
4th floor, 33 Wang Hai Road
Xiamen Software Park Phase II, Xiamen
Fujian Province 361000, People’s Republic of China
(86) 1365 5939 932
(Address of Principal Executive Offices)
 
(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 o
 
(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).)
 
Yes o No x
 
(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).)
 
Yes o No x
 
(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 o No x
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A )



 
 

 
 
EXHIBIT INDEX

Number
 
Description of Document
     
99.1
 
Press release dated July 22, 2014

 
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SIGNATURE
 
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.
 
  China Xiniya Fashion Limited  
       
Date: July 22, 2014
By:
/s/ Chee Jiong Ng  
  Name: Chee Jiong Ng  
  Title: Chief Financial Officer  
 
 
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EX-99.1 2 xny_ex991.htm PRESS RELEASE xny_ex991.htm
EXHIBIT 99.1

China Xiniya Fashion Limited Receives Continued Listing Standard Notice From the NYSE

XIAMEN, China, July 22, 2014/PRNewswire-Asia/-- China Xiniya Fashion Limited ("Xiniya" or the "Company" NYSE: XNY), a leading provider of men's business casual apparel in China, announced today that on June 20, 2014, the Company received notice from the New York Stock Exchange, Inc. (“NYSE”) that Xiniya is no longer in compliance with the NYSE’s continued listing standards because the average per share closing price of Xiniya’s American Depositary Shares (“ADSs”) for the consecutive 30 trading-day period ending on June 13, 2014 has fallen below the NYSE’s share price requirements. The NYSE requires the average closing share price of a listed company’s ADSs to be at least $1.00 per share over any consecutive 30 trading-day period.

Subject to the NYSE’s rules, the Company has six months from the date of its receipt of the NYSE notice to regain compliance with the minimum share price rule. The Company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Company’s ADSs have a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the consecutive 30 trading-day period ending on the last trading day of that month. The Company can also regain compliance if at the expiration of the six-month cure period both a $1.00 closing share price on the last trading day of the cure period and a $1.00 average closing share price over the consecutive 30 trading-day period ending on the last trading day of the cure period are attained.

The Company expects to notify the NYSE that it will take steps to cure this deficiency within the prescribed timeframe. Until then, the Company’s ADSs will continue to be listed and traded on the NYSE, subject to compliance with other NYSE continued listing standards and other rights of the NYSE to delist the ADSs. The Company is currently in compliance with all other NYSE continued listing standards. The NYSE notification does not affect the Company’s business operations or its Securities and Exchange Commission reporting requirements.
 
Safe Harbor Statement

This news release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "anticipates," "believes," "estimates," "expects," "future," "going forward," "intends," "outlook," "plans," "target," "will," and similar statements. Such statements are based on management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

 
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About China Xiniya Fashion Limited

Xiniya is a leading provider of men's business casual apparel in China. The Company designs men's business casual and business formal apparel and accessories, which are marketed under the Xiniya brand, and sells through its distribution network that includes 26 distributors. Its products are sold to consumers at over 1,500 authorized retail outlets owned and managed by third parties located in 22 provinces, four autonomous regions, and four municipalities in China. This retail network focuses on second and lower-tier cities, where increasing affluence has led to an improvement in living standards and where most international men's apparel brands do not have a significant presence. The Company's target consumers are male working professionals in China between the ages of 25 and 45 who seek fashionable clothing to suit their working and lifestyle needs. For more information, please visit the Company's website at http://www.xiniya.com.

For more information, please contact:

China Xiniya Fashion Limited

Mr. Chee Jiong Ng
Chief Financial Officer
Mobile +86 136 5593 9932 in China
ngcheejiong@xiniya.com

Christensen

Ms. Linda Bergkamp
Phone: +1-480-614-3004 in U.S.A.
Email: lbergkamp@ChristensenIR.com

Mr. Christian Arnell
Telephone +86 10 5900-1548 in Beijing
carnell@christensenir.com
 
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