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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 April 2020
Commission
File Number 001-34837
Luokung
Technology Corp.
(Translation
of registrant’s name into English)
B9-8,
Block B, SOHO Phase II, No 9, Guanghua Road
Chaoyang
District
Beijing
People’s
Republic of China, 100020 (86) 10-85866721
(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 þ 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(6)(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 l01(b)(7): ____
Note:
Regulation S-T Rule 101(6)(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.
Due
to the outbreak of coronavirus disease 2019 (COVID-19), Luokung
Technology Corp. (the “Company”) is filing this current
report on Form 6-K to avail itself of an extension to file its
annual financial statements on Form 20-F for the twelve months
ended on December 31, 2019 (the “Report”), which is
originally due on April 30, 2020, relying on an order issued by the
Securities and Exchange Commission (the “SEC”) on March 4,
2020 pursuant to Section 36 of the Securities Exchange Act of 1934,
as amended (Release No. 34-88318) regarding exemptions granted to
certain public companies (the “Order”).
In
December 2019, a novel strain of coronavirus was reported to have
surfaced in Wuhan, China, which has and is continuing to spread
throughout China and other parts of the world, including the United
States. On January 30, 2020, the World Health Organization declared
the outbreak of the coronavirus disease (COVID-19) a “Public Health
Emergency of International Concern,” and on March 11, 2020, the
World Health Organization characterized the outbreak as a
“pandemic.”
China,
where we conduct our business, was materially impacted by the
COVID-19. The Company has been following the recommendations of
local health authorities to minimize exposure risk for its
employees, including the temporary closures of our offices, and
having many employees work remotely. There was a country wide
lockdown from January 23, 2020 to April 8, 2020. As a result of the
above-mentioned factors, the Company’s books and records were not
easily accessible, resulting in delay in preparation, compilation
and completion of our annual financial statements.
As of
the date of this filing, the Company expects, in reliance on the
Order, to file the Annual Report with the SEC no later than 45 days
after April 30, 2020.
Additional
Risk Factor
The
Company intends to include the following risk factor, as may be
expanded or revised as the Company determines appropriate, to
reflect the currently unknown and constantly evolving effects of
the COVID-19, in the Annual Report:
We are susceptible to general economic conditions, natural
catastrophic events and public health crises, which could adversely
affect our operating results.
Our
results of operations could be adversely affected by general
conditions in the global economy, including conditions that are
outside of our control, such as the impact of health and safety
concerns from the current outbreak of the COVID-19 coronavirus.
Governments in affected countries are imposing travel bans,
quarantines and other emergency public health measures. Those
measures, though temporary in nature, may continue and increase
depending on developments in the COVID-19’s outbreak. Due to the
extended lock-down and self-quarantine policies in China, we have
experienced significant business disruption for the past three
months. The extent to which the coronavirus impacts our results
will depend on future developments, which are highly uncertain and
will include emerging information concerning the severity of the
coronavirus and the actions taken by governments and private
businesses to attempt to contain the coronavirus, but is likely to
result in a material impact on our business operations at least for
the near term.
About
Luokung Technology Corp.
Luokung
Technology Corp. is one of the global leading spatial-temporal
big-data processing technology companies and a leading interactive
location-based services company in China. The core business brands
of the Company are “Luokuang” and “Superengine” . The Company
mainly provides spatial temporal big data PaaS, SaaS and DaaS
intelligent services based on its self-developed patented
technology which can be applied in Mobile Internet LBS, Internet
Travelling, Intelligent Transportation, Automatic Drive, Smart
City, Intelligent IoT, Natural Resources Exploration and Monitoring
and so on. These services are integrated intelligent computing and
application services for spatial temporal data which including but
not limited to Satellite and UAV Remote Sensing Image Data, HD Map,
2D and 3D Internet Map, Real-time Trajectory, IoT Industrial Stream
Data. For more information please go to
http://www.luokung.com.
Safe
Harbor Statements
This
press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995,
including certain plans, expectations, goals, and projections,
which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as “may,”
“could,” “would,” “plan,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” “expects,” “intends”, “future” and
“guidance” or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management’s current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company’s control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company’s actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading “Risk Factors”
in the Company’s Annual Report for the fiscal year ended September
30, 2017 filed with the Securities and Exchange Commission. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
For
investor and media inquiries, please contact:
Mr.
Jay Yu
Tel:
(+86) 10-6506 5217
Email:
yujie@luokung.com
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.
|
Luokung Technology
Corp. |
|
|
|
Date
April 29, 2020 |
By |
/s/
Xuesong Song |
|
|
Xuesong
Song |
|
|
Chief
Executive Officer |
|
|
(Principal
Executive Officer) and |
|
|
Duly
Authorized Officer |
3
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