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 February 2015
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Commission File Number: 001-34225
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VIMICRO INTERNATIONAL CORPORATION
16/F Shining Tower
No. 35 Xueyuan Road, Haidian District
Beijing 100191, People’s 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): _______
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.
VIMICRO INTERNATIONAL CORPORATION
By: /s/ Peter Li
Name: Peter Li
Title: Chief Financial Officer
Date: February 5, 2015
Exhibit Index
Exhibit No. |
Description |
|
|
Exhibit 99.1 |
Press Release |
Exhibit 99.1
Vimicro Announces US$50 Million Financing
of Premium Private Placement
BEIJING, February 5, 2015/PRNewswire/ -- Vimicro
International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology
and solution provider in China, announced today that Alpha Spring Limited (the "Investor"), a British Virgin Island company
owned by Zongyi Group ("Zongyi"), has entered into a stock purchase agreement with Vimicro.
Pursuant
to the stock purchase agreement entered into on February 5, 2015, Zongyi agrees to make a US$50 million investment in Vimicro,
with a purchase price of US$2.50 per ordinary share, the equivalent of US$10.00 per ADS. Immediately after the closing of the transaction,
Zongyi will hold 20 million ordinary shares of Vimicro, approximately 16.3% equity ownership of the Company. The ordinary shares
will be subject to a one-year lock-up period. Upon closing and subject
to the terms and conditions of the stock purchase agreement, the Company will grant customary registration rights to the Investor.
The closing of the investment is subject to customary closing conditions.
"We are very pleased to have secured
US$50 million financing priced at significant premium from a well-established local Chinese investment company, which is a strong
validation of Vimicro’s leading positioning in China’s video surveillance industry," commented Dr. John Deng,
Chairman & CEO of Vimicro. "Seeing the tremendous market opportunity in the coming years, we believe sufficient capital
will enable our market expansion and corporate strategy execution. As the only proven provider of SVAC technology and solutions
in the marketplace, Vimicro will continue to leverage its first-mover advantages to capitalize on the trend of SVAC national standard
adoption by the government, to further establish itself as a leading player in China’s video surveillance market, and to
create long-term value for our shareholders."
Mr. Shengda Zan, Chairman & President
of Zongyi Group, commented, "We are quite delighted to be able to obtain a meaningful ownership in Vimicro upon our due diligence
and channel checks, in which process we got to know the management team at a personal level. Vimicro fits perfectly to our investment
strategy for its proprietary technology and distinguished competency. We are mostly excited about Vimicro’s unique advantages
in its addressable market, and confident of its execution and performance for years to come."
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 China's fast-growing security and surveillance market. Vimicro is headquartered
in Beijing, China and has subsidiaries and offices throughout China and in Silicon Valley. Vimicro's ADSs each represent four ordinary
shares and are traded on the NASDAQ Global Market exchange under the ticker symbol "VIMC."
About Zongyi Group
Headquartered in Shanghai,China, Zongyi Group
is a conglomerate engaging in investment, new energy, new materials and information technology industries, with more than 30 subsidiaries
and branches in the world, including Jiangsu Zongyi Co., Ltd. (SH600770), a Shanghai listed company with market capitalization
of approximately US$2.5 billion. Zongyi Group is also the major shareholder of China Huishan Dairy Holdings Company Limited (06863.HK),
a Hong Kong listed company, Yanghe Corporation (002304.SZ), Jinghuazhiyao Corporation (002349.SZ), Zijin Insurance, Changan Insurance,
and Bainianrenshou Insurance. Zongyi Group is actively pursuing equity investment opportunities in high technology corporations
with its own proprietary technology and distinguished competency.
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 Vimicro's 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 Vimicro's 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 Company's ability to develop and sell
new mobile multimedia products; the expected growth of the mobile multimedia market; the Company's ability to increase sales of
notebook camera multimedia processors; the Company's ability to retain existing customers and acquire new customers and respond
to competitive market conditions; the Company's 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 Company's ability to secure sufficient
foundry capacity in a timely manner; the company's 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 Vimicro's 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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