Report of Foreign Issuer (6-k)
September 08 2020 - 10:21AM
Edgar (US Regulatory)
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 September 2020
Commission File Number: 001-38851
POWERBRIDGE TECHNOLOGIES CO., LTD.
(Translation of Registrant’s name
into English)
1st Floor, Building D2, Southern Software
Park
Tangjia Bay, Zhuhai, Guangdong 519080,
China
Tel: +86-756-339-5666
(Address of Principal Executive Office)
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 ☒ 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): ☐
CONTENTS
On September 8, 2020,
Powerbridge Technologies Co., Ltd. (“Powerbridge” or the “Company”) issued a press release announcing that
it plans to launch an out-of-home digital display advertising and media business. The Company plans to build a network of digital
display such as LCD screens and operate an advertisement platform in Guangdong province, China initially, and then expand to the
Greater Bay of China, China.
The Company believes
there is a substantial market opportunity to operate an out-of-home digital display advertising and media technology platform in
the Greater Bay Area of China, specifically in its home province of Guangdong province. The Company will focus on display advertising
in various high traffic advertising locations such as office buildings, commercial parking garages, and elevators in residential
and office buildings.
Powerbridge plans to
acquire the advertising spaces through its own channels, as well as strategic investment. The Company expects to obtain a substantial
number of building advertising orders in Shenzhen, by developing various types of software and purchasing hardware equipment to
expand this business. Through the expansion alongside the existing business, it is expected to generate incremental revenue and
accelerate the growth of overall revenue and achieve stronger financial performance in the mid-long term.
Stewart Lor, President
and Chief Financial Officer of Powerbridge, commented, “We are excited about the expansion into the advertising and media
space. We believe our advertising and media technology platform will not only create a better experience for the users but also
generate significant returns for the investors.”
A copy of this press
release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
This report does not
constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities
and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: September 8, 2020
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POWERBRIDGE TECHNOLOGIES CO., LTD.
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By:
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/s/ Stewart Lor
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Stewart Lor
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Chief Financial Officer
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