UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): September 19, 2010
CHINA POWER TECHNOLOY, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 001-34230 | 22-3969766 |
| (State of Incorporation) | (Commission File No.) | (IRS Employer ID No.) |
No. 12, Gongyuan Road
Kaifeng City, Henan Province 475002
People’s Republic of China
(Address of Principal Executive Offices)
(86) 378 299 6222
(Registrant’s Telephone Number, Including Area Code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
As previously disclosed in the Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on June 17, 2010, China Power Technology, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”), dated June 16, 2010, with the investors listed on the Schedule of Buyers attached thereto as Annex A (the “Investors”). In Section 4.15 of the Securities Purchase Agreement, the Company agreed to enter into a definitive agreement to acquire at least 80% of the shares of Changsha Boiler Co. Ltd. before December 31, 2010. On September 19, 2010, the Company and the Investors, as represented by Sun Forever Limited in accordance with Section 6.4 of the Securities Purchase Agreement, entered into Amendment Number 1 to Securities Purchase Agreement (the “Amendment”). Pursuant to the Amendment, Section 4.15 was deleted in its entirety from the Securities Purchase Agreement and the obligations thereunder were extinguished. Except as expressly provided in the Amendment, the Securities Purchase Agreement remains unchanged and continues in full force and effect as amended by the Amendment.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to such document, a copy of which is attached hereto as Exhibit 10.1 and is incorporated into this Current Report on Form 8-K by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
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 hereunto duly authorized.
China Power Technology, Inc.
Date: September 20, 2010
/s/ SD. Liu
Chief Financial Officer
EXHIBIT INDEX
