UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2010.
Commission File Number: 001-34168
PANSOFT COMPANY LIMITED
(Translation of registrant's name into English)
3/F Qilu Software Park Building
Jinan Hi-Tech Zone
Jinan, Shandong,
People's Republic of China 250101
86-531-88871166
(Address of principal executive office)
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 [ ]
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): ___________
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
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): ___________
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
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 [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ___________.
EXHIBIT INDEX
Number Description of Exhibit
______ ________________________________________________________________________
99.1 Press release, dated December 8, 2010, titled "PANSOFT SIGNS TWO NEW
CONTRACTS WITH SINOPEC TO EXPAND CENTRALIZED ACCOUNTING
MANAGEMENT SYSTEM"
- --------------------------------------------------------------------------------
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.
PANSOFT COMPANY LIMITED
Date: December 8, 2010 By: /s/ Allen Zhang
_______________________________
Allen Zhang
Chief Financial Officer
EX 99.1
PANSOFT SIGNS TWO NEW CONTRACTS WITH SINOPEC TO
EXPAND CENTRALIZED ACCOUNTING MANAGEMENT SYSTEM
JINAN, CHINA--(December 8, 2010) - Pansoft Company Limited (NASDAQ: PSOF)
("Pansoft" or the "Company"), a leading ERP software service provider for the
oil and gas industry in China, today announced that it has signed two new
contracts with Sinopec Corp., with a total value of approximately $3.8 million.
This follow-on project expands the scope of a project to develop a centralized
accounting management system announced on July 21, 2010. The total value of the
three contracts is $6.8 million.
Sinopec is one of China's leading petroleum companies and is headquartered in
the Chaoyang district of Beijing. Its businesses include: oil and gas
exploration, refining, and marketing; production and sales of petrochemicals,
chemical fibers, chemical fertilizers, and other chemical products; storage and
pipeline transportation of crude oil and natural gas; import and export of crude
oil, natural gas, refined oil products, petrochemicals, and other chemicals.
The original centralized accounting system has been designed to combine and
integrate Sinopec's current multi-layer accounting subsystem and thousands of
accounting centers into one unified system. The system aims to: standardize
accounting standards and procedures, consolidate financial management processes,
strengthen financial management and control, improve the access and analysis of
quality financial information.
Under the first new contract, Pansoft will expand this accounting system to
include Sinopec's parent company, Sinopec Group Corporation, and develop a
platform to facilitate transactions between the subsidiaries and Sinopec Group
and U.S.-listed Sinopec Corp. The contract covers the development process, as
well as online testing, and is valued at approximately $2.17 million.
The second new contract, valued at approximately $1.63 million, aims to extend
the centralized accounting system to Sinopec's subsidiaries. The project scope
includes system testing and early stage implementation at four pilot
subsidiaries, with future flexibility to include Sinopec's other subsidiaries.
"We are expanding the coverage of our value-added solutions in terms of both
functionality and business operations within Sinopec," said Guoqiang Lin, Chief
Executive Officer of Pansoft. "The further expansion of our cooperation with
Sinopec indicates our solid partnership with one of the largest global oil and
gas players and its confidence that Pansoft can handle mission-critical IT
applications and strategy. At the same time, the adoption of our centralized
accounting system by Sinopec underscores our leadership in large, customized
accounting-system development and integration, which we intend to leverage and
expand into other industries."
ABOUT CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC CORP.)
China Petroleum & Chemical Corporation (Sinopec Corp.) is a China-based energy
and chemicals company. The Company and its subsidiaries engage in oil and gas
and chemical operations in the People's Republic of China (PRC). Sinopec Corp's
oil and gas operations include: exploration, development and production of crude
oil and natural gas; transportation of crude oil and natural gas by pipeline;
refinement of crude oil into finished petroleum products; and marketing crude
oil, natural gas and refined petroleum products. Its chemical operations include
the manufacture and marketing of a range of chemicals for industrial uses.
Sinopec Corp. operates in four business segments: exploration and production,
refining, marketing and distribution chemicals, and corporate and other. For
more information, go to Sinopec Corp's website at http://english.sinopec.com/.
ABOUT PANSOFT COMPANY LIMITED
Pansoft is a leading enterprise resource planning ("ERP") software and
professional services provider for the oil and gas industry in China. Its ERP
software offers comprehensive solutions for various business operations
including accounting, order processing, delivery, invoicing, inventory control,
and customer relationship management. For more information, go to Pansoft's
website at http://www.pansoft.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements concerning Pansoft
Company Limited, which include but are not limited to, statements regarding
Pansoft's ability to expand its service offerings and maintain leadership as a
provider of ERP software and services for the oil and gas industry in China. The
actual results may differ materially depending on a number of risk factors
including but not limited to, the following: general economic and business
conditions, development, shipment and market acceptance of products, additional
competition from existing and new competitors, changes in technology or product
techniques, the Company's ability to successfully integrate acquisitions, and
various other factors beyond its control. All forward-looking statements are
expressly qualified in their entirety by this Cautionary Statement and the risk
factors detailed in the Company's reports filed with the Securities and Exchange
Commission. Pansoft Company Limited undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after the date of
this release.
Company Contact:
Pansoft Company Limited
Allen Zhang
Chief Financial Officer
Phone: +86-531-8887-1159
E-mail: allen.zhang@pansoft.com
Investor Contact:
CCG Investor Relations
Mr. John Harmon, CFA
Sr. Account Manager
Phone: +86-10-6561-6886 Ext. 807 (Beijing)
E-mail: john.harmon@ccgir.com
Mr. Bryan Blake
Market Intelligence Executive
Phone: +1-646-833-3416 (New York)
E-mail: bryan.blake@ccgir.com