Item
8.01 Other Events.
On March 26, 2020,
China XD Plastic Company Limited (the “Company”) furnished a Form 8-K for a 45 calendar day extension of its required
filing of annual report on Form 10-K for the fiscal year ended December 31, 2019 (the “Annual Report”) under an order
issued by the U.S. Securities and Exchange Commission under Section 36 (Release No. 34-88318) of the Securities Exchange Act of
1934, as amended.
On May 12, 2020,
the Company filed a Form 12b-25 which extended by another 15 calendar days its required filing of the Annual Report to May 29,
2020 (the “Extended Deadline”).
The Company availed
itself of these extensions to have additional time to ensure the accuracy of its 2019 financial information and to complete the
required discussion and analysis of the Company’s business, due to the existing economic environment, including circumstances
related to the global outbreak of COVID-19. The Company’s employees and professional advisors have been working diligently
to file the Annual Report no later than the Extended Deadline. However, the unprecedented spread of COVID-19 and related local
restrictions have caused the closure of the Company’s offices and limited access to the Company’s facilities and books
and records, resulting in limited support from and access to key personnel and professional advisors, as well as communications
and similar delays among such persons. These disruptions and limited support have, in turn, delayed the Company’s ability
to complete its financial reporting process and complete the Annual Report.
The Company expects
to file its Annual Report on June 1, 2020.
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 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.