SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of March 2020
Commission File Number 001-34873
ChinaCache International Holdings Ltd.
(Translation of registrant’s name into English)
Section A, Building 3, Dian Tong Creative Square
No. 7 Jiuxianqiao North Road, Chaoyang District
Beijing, 100015, China
(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
Attached hereto as Exhibit 99.1 is press release dated March 4, 2020.
|99.1||Press Release, dated March 4, 2020|
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: March 4, 2020||ChinaCache International Holdings Ltd.|
|By:||/s/ Tong Tian|
|Finance Vice President|
ChinaCache International Holdings Ltd.( the “Company”) today announced that a new VIE structure has been set up within the Company group. Under this new VIE arrangement, there are three companies newly set-up and involved: (i) ChinaCache ShenRong Technology (HongKong) Limited (“ShenRong HK”), a wholly owned subsidiary of CCIH; (ii) ChinaCache RongShen Technology (Beijing) Co., Ltd. (“RongShen Beijing”), a wholly foreign owned enterprise of ShenRong HK; (iii) ChinaCache ShenRong Technology (Beijing) Co., Limited (“ShenRong Beijing”), a domestic operation company.
Pursuant to the exclusive option agreements amongst RongShen Beijing, ShenRong Beijing and the nominee shareholders of ShenRong Beijing in March, 2020, the nominee shareholders of ShenRong Beijing irrevocable granted RongShen Beijing or its designated party, an exclusive option to purchase all or part of the equity interest held by the nominee shareholders in ShenRong Beijing, when and to the extent permitted under the PRC law, at an amount of RMB 10 (the “Equity Interest Base Price”) or the minimum price permitted under PRC law exceeds the Equity Interest Base Price if at the time while exercising the Equity Interest Purchase Option, the PRC laws impose mandatory requirements on the purchase price of such equity interests. ShenRong Beijing cannot declare any profit distributions or grant loans in any form without the prior written consent of RongShen Beijing. The nominee shareholders of ShenRong Beijing shall donate in full any funds received from ShenRong Beijing to RongShen Beijing in the manner permitted by the applicable PRC laws, in the event any distributions are made by ShenRong Beijing pursuant to any written consents of RongShen Beijing.
All the afore-mentioned exclusive option agreements shall remain effective until all equity interests held by the nominee shareholders in ShenRong Beijing have been transferred or assigned to RongShen Beijing and/or its designated party in accordance with the afore-mentioned exclusive option agreements.
Pursuant to the exclusive business cooperation agreement between RongShen Beijing and ShenRong Beijing, RongShen Beijing is to provide exclusive complete business support and technical and consulting services to ShenRong Beijing including but not limited to: technical services, business consultations, intellectual property licenses, equipment or property leasing, marketing consultancy, system integration, product research and development, and system maintenance in return for service fees in an amount equals to 100% of ShenRong Beijing’s net income.
The exclusive business cooperation agreement shall be valid for thirty years, and the term of this exclusive business cooperation agreement may be extended if confirmed in writing by RongShen Beijing prior to the expiration thereof. The extended term shall be determined by RongShen Beijing, and ShenRong Beijing shall accept such extended term unconditionally.