Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of
Report: August 4, 2009
Commission
File Number: 001-34395
China
Networks International Holdings Ltd.
(Exact
name of registrant as specified in its charter)
China
Networks International Holdings Ltd.
(Translation
of Registrant’s name into English)
801 Block
C, Central International Trade Center
6A
Jianguomenwai Avenue
Chaoyang
District
Beijing,
100022 PRC
(Address
of principal executive office)
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 o
Indicate
by check mark if the Registrant is submitting this 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 this 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 6-K 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
On July 31, 2009, Michael E. Weksel,
the registrant’s Chief Financial Officer tendered his resignation with effect
from August 10, 2009. Mr. Weksel will remain as a director of the
registrant. Mr. Weksel’s resignation is due to his desire to pursue
other business opportunities available to him and is not the result of any
disagreement or dispute with the registrant. The registrant has
appointed Xin Yan Li, currently the Company’s Financial Controller, as interim
Chief Financial Officer with effect from August 10, 2009.
On August 4, 2009, the registrant
issued the following press release in connection with this change in
management.
FOR IMMEDIATE
RELEASE
CHINA
NETWORKS’ ANNOUNCES MANAGEMENT CHANGE
NEW YORK,
August 4/PRNewswire-FirstCall/ -- China Networks International Holdings Ltd.
(OTCBB: CNWHF.OB)
(“CNIH”) today reported that its Chief Financial Officer, Michael E.
Weksel, has tendered his resignation with effect from August 10, 2009 to pursue
other business opportunities. Mr. Weksel will continue to serve on
the Company’s Board of Directors. Company Chairman Li Shuangqing
said, “We thank Michael for his help throughout the merger process and look
forward to his continued involvement as a China Networks’
director.” Mr. Weksel’s resignation is not the result of any dispute
or disagreement with CNIH.
Xin Yan Li, currently the Company’s
Financial Controller, will serve as CNIH’s interim Chief Financial Officer with
effect from August 10, 2009. Mr. Li served as Financial Controller of
China Networks Media, Ltd. from January 2009 until the merger with CNIH, at
which time he assumed the role of Financial Controller for the combined
entity. From August 2007 to December 2008, he worked at Terex
Corporation as an internal auditor. Prior to that, he was a financial
specialist at Holcim North America Business Services from 2005 to 2007, and
worked at Arthur Andersen from 1998 to 2001. Mr. Li received a B.A.
degree in Economics from Renmin University of China in 1998 and an M.B.A from
McGill University in 2004. Mr. Li holds a Certificate of Certified Public
Accountant from State of Delaware and is a Certified Internal Auditor. Mr. Li is
33 years old and is fluent in English and Mandarin.
About
CNIH
CNIH is a
provider of broadcast television advertising in the PRC through joint venture
arrangements with state-owned television stations. The Company’s
principal executive offices are in Beijing, PRC. CNIH is the result
of a merger between Alyst Acquisition Corp., a SPAC, and China Networks Media,
Ltd., which was consummated on or about June 30, 2009. CNIH is
incorporated in the British Virgin Islands.
Safe
Harbor Statement
This press release contains
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about
CNIH. Forward-looking statements are statements that are not
historical facts and may be identified by the use of forward-looking
terminology, including the words "believes," "expects," "intends," "may,"
"will," "should" or comparable terminology. Such forward-looking statements are
based upon the current beliefs and expectations of CNIH’s management and are
subject to risks and uncertainties which could cause actual results to differ
from the forward- looking statements.
Forward-looking statements are not
guarantees of future performance and actual results of operations, financial
condition and liquidity, and developments in the industry may differ materially
from those made in or suggested by the forward-looking statements contained in
this press release. These forward-looking statements are subject to numerous
risks, uncertainties and assumptions. The forward-looking statements in this
press release speak only as of the date of this press release and might not
occur in light of these risks, uncertainties, and assumptions. CNIH undertakes
no obligation and disclaims any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise.
For
Further Information, please contact:
China
Networks International Holdings Ltd.
Michael
E. Weksel
Tel:
212-650-0232
Email:
mweksel@gmail.com
SOURCE: China
Networks International Holdings Ltd.
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
NETWORKS INTERNATIONAL HOLDING LTD.
|
| |
|
|
|
| |
|
|
|
| |
By:
|
/s/
Michael E. Weksel
|
|
| |
|
|
|
| |
|
Name:
Michael E. Weksel
|
|
| |
|
Title: Chief
Financial Officer
|
|
August 4,
2009