Report of Foreign Issuer (6-k)
03 10월 2014 - 7:42PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 October 2014
Commission File Number: 001-34225
VIMICRO INTERNATIONAL CORPORATION
16/F Shining Tower
No. 35 Xueyuan Road, Haidian District
Beijing 100191, 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 o
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): o
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): o
SIGNATURE
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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VIMICRO INTERNATIONAL CORPORATION |
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By: |
/s/ Peter Li |
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Name: |
Peter Li |
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Title: |
Chief Financial Officer |
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Date: October 3, 2014
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Exhibit Index
Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release |
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Exhibit 99.1
Vimicros JV Secures $65 Million Revolving Line of Credit
BEIJING, Sept. 30, 2014 /PRNewswire/ Vimicro International Corporation (NASDAQ: VIMC) (Vimicro or the Company), a leading video surveillance technology and solution provider in China, today announced that its joint venture, Shanxi Zhongtianxin Science and Technology Co. Ltd. (Zhongtianxin), has reached an Agreement on Project Financing and Strategic Cooperation with CITIC Bank Taiyuan Branch, including a revolving credit line up to RMB400 million, or $65 million approximately.
Pursuant to the agreement, CITIC Bank Taiyuan Branch will provide a revolving line of credit of RMB400 million to Zhongtianxin, provided that Zhongtianxin meets CITICs credit line borrowing conditions.
Dr. John Deng, Vimicros Chairman and CEO, commented, We are pleased to have secured a RMB 400 million credit line, which will be of great asset for Vimicro to continue the pace of SVAC-compliant video surveillance market expansion in our stronghold provinces of Shanxi and Hebei.
About Vimicro International Corporation
Vimicro International Corporation (NASDAQ: VIMC) is a leading video surveillance technology and solution provider that designs, develops and markets a full range of video surveillance products and solutions to governments, private enterprises, and consumers in China. Vimicro co-developed SVAC (Surveillance Video and Audio Coding), the national video surveillance technological standard, which demonstrates its unique strengths in proprietary multimedia IC technology, making it a leader in Chinas fast-growing security and surveillance market. Vimicro is headquartered in Beijing, China and has subsidiaries and offices throughout China and in Silicon Valley. Vimicros ADSs each represent four ordinary shares and are traded on the NASDAQ Global Market exchange under the ticker symbol VIMC.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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, the quotations from management in this announcement, as well as Vimicros expectations and forecasts, contain forward-looking statements. Vimicro may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K, etc., 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 Vimicros 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: the Companys ability to develop and sell new mobile multimedia products; the expected growth of the mobile multimedia market; the Companys ability to increase sales of notebook camera multimedia processors; the Companys ability to retain existing customers and acquire new customers and respond to competitive market conditions; the Companys ability to respond in a timely manner to the evolving multimedia market and changing consumer preferences and industry standards and to stay abreast of technological changes; the Companys ability to secure sufficient foundry capacity in a timely manner; the companys ability to effectively protect its intellectual property and the risk that it may infringe on the intellectual property of others; and cyclicality of the semiconductor industry. Further information regarding these and other risks is included in Vimicros annual report on Form 20-F filed with the Securities and Exchange Commission. Vimicro does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date hereof, and Vimicro undertakes no duty to update such information, except as required under applicable law.
Contact:
Vimicro International Corporation
Investor Relations
Phone: +8610-5884-8898
E-mail: ir@vimicro.com
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