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 February 2011
Commission File Number: 001-34784
AutoNavi
Holdings Limited
18/F, Daheng Scitech Mansion, South Section
No. 3 Suzhou Street
Haidian District, Beijing 100080
The Peoples Republic of China
(Address of principal executive offices)
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):
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):
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.
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AutoNavi Holdings Limited
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By
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/s/ Catherine Qin Zhang
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Name:
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Catherine Qin Zhang
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Title:
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Chief Financial Officer
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Date: February 9, 2011
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Exhibit Index
Exhibit 99.1Press Release
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Exhibit 99.1
AutoNavi Announces Management Changes
Company Announces Three Personnel
Changes to Senior Management
BEIJING, January 31, 2011 AutoNavi Holdings Limited (AutoNavi or the
Company) (NASDAQ: AMAP), a leading provider of digital map content and navigation and location-based solutions in China, today announced the following management changes:
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Mr. Jun Xiao, a co-founder of AutoNavi who has served as the Companys senior vice president of sales and marketing since April 2002 and
Chief Operating Officer (COO) since October 2009, has resigned from those positions for personal reasons, effective immediately, but will continue to serve as a director of the Company;
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Mr. Yongqi Yang, the Companys Chief Technology Officer (CTO) since March 2007, has transitioned from his position as CTO to executive vice
president of AutoNavis automotive business and will assume Mr. Jun Xiaos former primary responsibilities;
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Mr. Hai Cui will succeed Mr. Yang as the Companys new CTO, effective on February 9, 2011.
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Upon the completion of these management changes, AutoNavi will no longer keep the position of COO as part of its senior management structure.
AutoNavis Chief Executive Officer Mr. Congwu Cheng commented, As a co-founder, senior vice president of sales and marketing and later on
as the Companys COO, Jun was a key driver of our automotive business. Through his deep expertise and extensive experience, he helped enhance our automotive business capabilities tremendously. We thank him for his years of dedicated service as
an executive officer and look forward to continuing to work with him in his capacity as director.
Mr. Cheng continued, I am
also pleased to announce the appointment of Yongqi as the executive vice president of our automotive business. As CTO, Yongqi made significant contributions across all three business lines, helping us secure our leadership position in digital map
content and location-based solutions in China. In his new role, he will leverage his vast knowledge by leading our automotive navigation business, as we continue to build out our connected navigation services platform. Through his years of
experience working in both technology start-ups and large multi-national technology companies, Yongqi has cultivated a unique blend of innovation and technical expertise that will serve him well in his new position.
Prior to joining AutoNavi as the Companys new CTO, Mr. Cui was the head of the China Technology Development Center at NHN Corporation (KOSPI:
035420), a leading, publicly-listed Internet company based in the Republic of Korea, from February 2009 to January 2011. During that time, he led an experienced team that was focused on building platform technologies for large-scale Internet
services. Before that, he spent nine years with Microsoft Corporation, where he built and led a specialized engineering team focused on technology engagement with China Mobile. Mr. Cui received a Masters degree in Computer Science and
Engineering from Michigan State University and a Bachelor of Science in Computer Science from Fudan University.
Hai brings a wealth of
hardware, mobile and Internet product development experience at multi-national corporations to our business, continued Mr. Cheng. In his capacity as CTO, Hai will focus on our development efforts in the wireless and Internet space.
Im confident that his deep understanding of these industries in China will help us to further expand our mobile and Internet platforms as we strive to continue delivering innovative solutions to our customers.
About AutoNavi Holdings Limited
AutoNavi Holdings Limited (NASDAQ: AMAP) is a leading provider of digital map content and navigation and location-based solutions in China. At the core of its business is a comprehensive nationwide
digital map database that covers approximately 2.8 million kilometers of roadway and over 12.5 million points of interest across China. Through its digital map database and proprietary technology platform, AutoNavi provides comprehensive,
integrated navigation and location-based solutions optimized for the Chinese market and users, including automotive navigation solutions, public sector and enterprise applications, wireless location-based solutions and Internet location-based
solutions. For more information on AutoNavi, please visit http://www.autonavi.com.
Forward Looking Statements
This press release contains forward-looking statements made under the safe harbor provisions of Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes,
estimates, confident and similar statements. Among other things, quotations from management in this press release, as well as AutoNavis strategic and operational plans, contain forward-looking statements. AutoNavi may
also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AutoNavis beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: AutoNavis ability to adequately maintain and update
its digital map database and minimize errors in its solutions; its current reliance on the automotive navigation market and a small number of customers for a substantial portion of its revenues; the project-based nature of its public sector and
enterprise applications business; its limited operating history in the wireless/Internet location-based solutions markets; compliance with a complex set of laws, rules and regulations governing its surveying and mapping and other businesses in
China; competition in the navigation and location-based solutions businesses in China; and its ability to manage its growth effectively and efficiently. Further information regarding these and other risks is included in AutoNavis registration
statement on Form F-1 filed with the Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and AutoNavi undertakes no duty to update such information, except as required
under applicable law.
For investor and media inquiries please contact:
In China:
Serena Shi
AutoNavi Holdings Limited
Tel: +86-10-5985-9538
E-mail: serena.shi@autonavi.com
Derek Mitchell
Ogilvy Financial, Beijing
Tel:
+86-10-8520-6284
E-mail: amap@ogilvy.com
In the U.S.:
Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
E-mail: amap@ogilvy.com
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