Item
8.01 Other Events.
China XD Plastic
Company Limited (the “Company”) is furnishing this Current Report on Form 8-K to avail itself of an extension to file
its quarterly report on Form 10-Q for the quarter ended March 31, 2020 (the “Quarterly Report”), originally due on
May 15, 2020. Specifically, the Company is relying on an order issued by the Securities and Exchange Commission (the “SEC”)
on March 25, 2020 (which extended and superseded a prior order issued on March 4, 2020), pursuant to Section 36 of the Securities
Exchange Act of 1934, as amended (Release No. 34-88465) (the “Order”), regarding exemptions granted to certain public
companies. The Order allows a registrant up to an additional 45 days after the original due date of certain reports required to
be filed with the SEC if a registrant’s ability to file such report timely is affected due to COVID-19.
As previously reported
in the Current Report on Form 8-K, dated March 26, 2020, the Company currently operates a substantial portion of its manufacturing
facilities in the People’s Republic of China (the “PRC”), and the Company’s corporate headquarters are
located at Harbin, Heilongjiang Province, in the PRC. As a result of the outbreak of COVID-19 in the PRC, the Company has temporarily
closed its manufacturing facilities and offices in the PRC in accordance with the requirements of the PRC government, and requested
its employees to work remotely. Employees affected include certain of the Company’s financial reporting staff responsible
for assisting the Company in the preparation of its financial statements. Such delays have been further exacerbated by delays
which occurred in connection with the preparation of the Company’s Quarterly Report, for the same reasons described above.
The Company has also been delayed in preparing the Quarterly Report due to delays in obtaining information from third parties
who have similarly been unavailable and impacted by COVID-19. This has, in turn, delayed the Company’s ability to complete
its financial reporting process and prepare the Quarterly Report. In view of these circumstances, the Company will not be able
to file its Quarterly Report by May 15, 2020 without undue hardship and expense to the Company.
Given the effective
COVID-19 containment measures implemented in China, the Company has gradually resumed the normal working hours and business operations
for most of its manufacturing facilities and offices since April 2020. Accordingly, in reliance upon the Order, the Company currently
expects to file its Quarterly Report on Form 10-Q approximately 45 days after May 15, 2020. The Company will evaluate its need
for an additional extension under Rule 12b-25 of the Securities Exchange Act of 1934 at that time, as contemplated by the Order.
Cautionary
Note Regarding Forward-Looking Statements
This Current Report
on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to the anticipated timing of the filing
of Company’s quarterly reports under the Securities Exchange Act of 1934; the expected impact of the COVID-19 outbreak on
the Company’s financial reporting capabilities and its operations generally, and the potential impact of such virus on the
Company’s operation and financial condition. The Company has attempted to identify forward-looking statements by terminology
including “anticipates,” “believes,” “expects,” “can,” “continues,”
“could,” “estimates,” “expects,” “intends,” “may,” “plans,”
“potential,” “predicts,” “should” or “will” or the negative of these terms or
other comparable terminology. Such statements are subject to certain risks and uncertainties, including the matters set forth
in this Form 8-K or other reports or documents the Company files with the Securities and Exchange Commission from time to time,
which could cause actual results or outcomes to differ materially from those projected. Undue reliance should not be placed on
these forward-looking statements, which speak only as of the date hereof. The Company’s expectations are as of the date
this Form 8-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Form
8-K is filed to conform these statements to actual results, unless required by law.