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SORL SORL Auto Parts Inc

4.71
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SORL Auto Parts Inc NASDAQ:SORL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.71 4.69 4.72 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

15/05/2020 4:48pm

Edgar (US Regulatory)


FORM 4 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Zhang Xiao Feng
2. Issuer Name and Ticker or Trading Symbol

SORL Auto Parts, Inc. [ SORL ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

NO. 2666 KAIFAQU AVENUE,, RUI'AN ECONOMIC DEVELOPMENT DIST.
3. Date of Earliest Transaction (MM/DD/YYYY)

5/15/2020
(Street)

RUI'AN CITY, ZHEJIANG, F4 325200
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 5/15/2020  S/K(1)(2)  1135938 (2)D$0.00 (1)(2)0 (2)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) On May 15, 2020 (the "Effective Date"), SORL Auto Parts, Inc. (the "Issuer") completed the merger pursuant to that certain agreement and plan of merger dated as of November 29, 2019 (the "Merger Agreement"), by and among the Issuer, Ruili International Inc., a Delaware corporation ("Parent"), and Ruili International Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), under which Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
(2) Immediately prior to consummation of the Merger, Reporting Person contributed his direct owned shares of Issuer's common stock to Parent in exchange for newly issued shares of Parent pursuant to that certain Equity Contribution and Voting Agreement, dated as of November 29, 2019, by and among Parent, Mr. Xiaoping Zhang, Ms. Shuping Chi and Mr. Xiaofeng Zhang. Pursuant to the Merger Agreement, Reporting Person's indirectly owned shares of Issuer's common stock were cancelled for no consideration on the Effective Date of the Merger.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Zhang Xiao Feng
NO. 2666 KAIFAQU AVENUE,
RUI'AN ECONOMIC DEVELOPMENT DIST.
RUI'AN CITY, ZHEJIANG, F4 325200
X



Signatures
/s/ XIAOFENG ZHANG5/15/2020
**Signature of Reporting PersonDate

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