Filing Details

Accession Number:
0001213900-20-012472
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-15 11:50:35
Reporting Period:
2020-05-15
Accepted Time:
2020-05-15 11:50:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
714284 Sorl Auto Parts Inc. SORL Motor Vehicle Parts & Accessories (3714) 300091294
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1290986 Ping Xiao Zhang No. 2666 Kaifaqu Avenue,
Rui'An Economic Development Dist.
Rui'An City, Zhejiang F4 325200
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2020-05-15 9,087,527 $0.00 0 Yes 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
Yes 4 S Direct
Footnotes
  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.