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 15d-16 of
the
Securities Exchange Act of 1934
For
the Month of May 2009
Commission
File Number: 000-50826
KONGZHONG
CORPORATION
(Translation
of registrant’s name into English)
35/F,
Tengda Plaza, No. 168 Xizhimenwai Street
Beijing,
China 100044
(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): 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)(7): o)
(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- .)
EXHIBITS
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Number |
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Page |
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1.1
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KongZhong Corporation Announces Changes to Share
Repurchase Plan
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4
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FORWARD-LOOKING
STATEMENTS
The Press
Releases of KongZhong Corporation (the “Company”), constituting Exhibits 1.1 to
this Form 6-K, contain statements that may be viewed as “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of 1934, as
amended. Such forward-looking statements are, by their nature,
subject to significant risks and uncertainties that may cause the actual
performance, financial condition or results of operations of the Company to be
materially different from any future performance, financial condition or results
of operations implied by such forward-looking statements. Such
forward-looking statements include, without limitation, statements that are not
historical facts relating to the continued growth of the telecommunications
industry in China, the development of the regulatory environment, and the
Company’s ability to successfully execute its business strategies.
Such
forward-looking statements reflect the current views of the Company with respect
to future events and are not a guarantee of future
performance. Actual results may differ materially from information
contained in the forward-looking statements as a result of a number of factors,
including, without limitation, continued competitive pressure in
China’s wireless value-added services,
wireless media and mobile games industries and the effect of such pressure on
prices; unpredictable
changes in technology, consumer demand and usage preferences in the market;
the state of and any change
in the Company’s relationship with China’s telecommunications operators; the
Company’s dependence on the billing systems of
telecommunications operators for its
performance; the outcome of the Company’s investment of operating income
generated from the wireless value-added services segment into the development of
our wireless Internet segment and mobile games segment; changes in the
regulations or policies of
the Ministry of Industry and Information Technology and other relevant
government authorities; and changes in political, economic, legal and social
conditions in China, including the Chinese government’s policies with respect to economic growth, foreign exchange,
foreign investment and entry by foreign companies into China’s telecommunications
market. For additional discussion of these risks and uncertainties
and other factors, please
see the documents the Company files from time to time with the Securities and Exchange
Commission. The Company assumes no obligation to update any
forward-looking statements, which apply only as of the date of this report on Form 6-K.
INCORPORATION
BY REFERENCE
This
report on Form 6-K and the exhibit attached hereto are specifically incorporated
by reference in the Company’s registration statement on Form F-3 (File No.
333-159147), filed with the Securities and Exchange Commission on May 12,
2009.
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.
Date: May
20, 2009
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By:
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Name:
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Leilei
Wang
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Title:
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Chief
Executive Officer
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KongZhong
Corporation Announces
Changes to Share Repurchase Plan
Beijing, China, May 20, 2009 – KongZhong Corporation
(Nasdaq: KONG), a leading mobile Internet company in China, today announced that
its Board of Directors has authorized the Company to amend its share repurchase
plan, which was initially announced on October 27, 2008, to purchase up to US$15 million worth of the Company’s American Depositary Shares (ADSs), compared to US$10 million as
originally authorized. The share repurchase
plan calls for the ADSs to be purchased in
the open market or through
other means from time to
time depending upon market conditions, the market price of Company’s ADSs and the management’s assessment of the Company’s liquidity and cash flow needs. The
Company expects to finance
the purchases from existing and future cash reserves. The Company may amend, suspend or discontinue the
plan at any
time. As part of the
Company’s share repurchase plan, the Board of
Directors has authorized the Company to purchase 1.3 million ADSs from an individual
shareholder of the Company.
About KongZhong
KongZhong Corporation is a leading
mobile Internet company in China. The Company delivers
wireless value-added services to consumers in China through multiple technology
platforms including WAP,
multimedia messaging service (MMS), JavaÔ, short messaging service (SMS),
interactive voice response (IVR), and color ring-back tone
(CRBT). The Company operates three wireless Internet sites, Kong.net,
Ko.cn and cn.NBA.com, which enable users to access media,
entertainment and community content directly from their mobile
phones. The Company also designs and operates mobile games, including
mobile online games, JavaÔ games and WAP games.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of Section
27A of the Securities Act of
1933, as
amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Such forward-looking statements
include, without limitation, statements regarding trends in the wireless
value-added services, wireless media and mobile games industries and our future
results of operations, financial condition and business
prospects. Although such statements are based on our own information
and information from other sources we believe to be
reliable, you should not place undue reliance on them. These
statements involve risks and uncertainties, and actual market trends and our
results may differ materially from those expressed or implied in these forward
looking statements for a variety of
reasons. Potential risks and uncertainties include, but are not
limited to, continued competitive pressure in China’s wireless value-added services,
wireless media and mobile games industries and the effect of such
pressure on prices; unpredictable changes in
technology, consumer demand and usage preferences in the market; the state of
and any change in our relationship with China’s telecommunications operators; our
dependence on the billing systems of telecommunications operators for our performance; the outcome
of our investment of operating income generated from the wireless value-added services
segment into the
development of our wireless Internet segment and mobile games segment; changes
in the regulations or policies of the Ministry of Industry and Information
Technology and other relevant government authorities; and changes in political,
economic, legal and social conditions in China, including the Chinese
government’s policies with respect to economic
growth, foreign exchange, foreign investment and entry by
foreign companies into China’s telecommunications
market. For additional discussion of these risks and uncertainties
and other factors, please see the documents we file from time to time with the
Securities and Exchange Commission. We assume no
obligation to update any forward-looking statements, which apply only as of the
date of this press release.
KongZhong Contacts
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Investor
Contact:
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Media
Contact:
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Jay Chang
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Xiaohu
Wang
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Chief Financial
Officer
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Manager
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Tel.: (+86-10) 8857-6000
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Tel: (+86-10) 8857-6000
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Fax: (+86-10) 8857-5891
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Fax: (+86-10) 8857-5900
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E-mail: ir@kongzhong.com
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E-mail:
xiaohu@kongzhong.com
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