UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JULY 2005
CHINA FINANCE ONLINE CO. LIMITED
(Translation of registrant's name into English)
ROOM 610B, 6/ F PING'AN MANSION
NO. 23 FINANCIAL STREET
XICHENG DISTRICT, BEIJING 100032
CHINA
(86-10) 6621-0425
(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 [ ]
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):
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):
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 2g3-2(b): 82-________.
CHINA FINANCE ONLINE CO. LIMITED
FORM 6-K
TABLE OF CONTENT
PAGE
Signature Page 3
Press release regarding completion of stock repurchase program,
dated July 5, 2005 Page 4
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.
CHINA FINANCE ONLINE CO. LIMITED
By: /s/ Sam Qian
--------------------------
Name: Sam Qian
Title: President and Chief Financial Officer
Date: July 5, 2005
CHINA FINANCE ONLINE ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM
BEIJING, July 5, 2005/Xinhua-PRNewswire-- China Finance Online Co. Limited
(Nasdaq: JRJC), a leading Chinese online financial information and listed
company data provider, today announced that it has successfully completed its
$10 million share repurchase program previously announced on March 31, 2005.
Under this recently completed program, the Company repurchased a total of
1,659,442 American Depositary Shares, or ADSs, representing 8,297,210 ordinary
shares, at an average cost of $5.98 per ADS for total consideration of
US$9,999,750.54 including a brokerage commission of US$0.05 per ADS. As of
today, the total outstanding ordinary shares of the Company are 99,329,933. The
repurchased shares of this program represent approximately 8.4% of the total
shares outstanding.
"We believe that our stock represents excellent long-term value," said Sam Qian,
President and Chief Financial Officer of the Company. "This completed program
reflects our confidence in the company's business strategy, cash flow generation
and growth prospects."
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These statements are made
under the "safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among other things, the
Business Highlights section and quotations from management in this press
release, as well as China Finance Online's strategic and operational plans,
contain forward-looking statements. China Finance Online may also make written
or oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual
report to shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements about China
Finance Online's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially from those
contained in any forward-looking statement. Potential risks and uncertainties
include, but are not limited to, China Finance Online's historical losses, its
limited operating history, declines or disruptions in the online financial
industry, the recurrence of SARS, China Finance Online's reliance on
relationships with Chinese stock exchanges and raw data
providers, fluctuations in quarterly operating results, failure to successfully
compete against new and existing competitors, and other risks outlined in China
Finance Online's filings with the U.S. Securities and Exchange Commission,
including its registration statement on Form F-1, as amended. China Finance
Online does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
ABOUT CHINA FINANCE ONLINE CO. LIMITED
China Finance Online Co. Limited specializes in providing online financial and
listed company data and information in China. Through its website,
http://www.jrj.com, the company offers subscription-based service packages that
integrate financial and listed company data and information from multiple
sources with features and functions such as data and information search,
retrieval, delivery, storage and analysis. These features and functions are
delivered through proprietary software that is available by download.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jing Wu
Investor Relations Manager
China Finance Online Co. Limited
Tel: (+86-10) 6621-0425
Email: ir@jrj.com