<SEC-DOCUMENT>0001062993-14-006765.txt : 20141117
<SEC-HEADER>0001062993-14-006765.hdr.sgml : 20141117
<ACCEPTANCE-DATETIME>20141117150052
ACCESSION NUMBER:		0001062993-14-006765
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141117
FILED AS OF DATE:		20141117
DATE AS OF CHANGE:		20141117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			China Information Technology, Inc.
		CENTRAL INDEX KEY:			0001552670
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35722
		FILM NUMBER:		141227571

	BUSINESS ADDRESS:	
		STREET 1:		21ST FLOOR, EVERBRIGHT BANK BUILDING
		STREET 2:		ZHUZILIN, FUTIAN DISTRICT
		CITY:			SHENZHEN, GUANGDONG
		STATE:			F4
		ZIP:			518040
		BUSINESS PHONE:		(86) 755-8370-8333

	MAIL ADDRESS:	
		STREET 1:		21ST FLOOR, EVERBRIGHT BANK BUILDING
		STREET 2:		ZHUZILIN, FUTIAN DISTRICT
		CITY:			SHENZHEN, GUANGDONG
		STATE:			F4
		ZIP:			518040
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
   <TITLE>China Information Technology, Inc.: Form 6-K - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES</FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR>WASHINGTON, D.C. 20549
</B></P>
<P align=center><B><FONT size=5>FORM 6-K </FONT></B></P>
<P align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>REPORT OF FOREIGN PRIVATE
ISSUER <BR>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<BR></B><B>SECURITIES
EXCHANGE ACT OF 1934 </B></P>
<P align=center><B>For the month of November, 2014 </B></P>
<P align=center><B>Commission File Number 001-35722 </B></P>
<P align=center><B><FONT size=5><U>CHINA INFORMATION TECHNOLOGY, INC.
<BR></U></FONT></B>(Translation of registrant&#146;s name into English) </P>
<P align=center><B>21</B><B>st</B><B> Floor, Everbright Bank Building
<BR></B><B>Zhuzilin, Futian District <BR></B><B>Shenzhen, Guangdong, 518040
<BR>People&#146;s Republic of China <BR></B>(Address of principal executive offices)
</P>
<P align=justify>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 [ ] </P>
<P align=justify>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): [ ] </P>
<P align=justify><B>Note</B>: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an attached
annual report to security holders. </P>
<P align=justify>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): [ ] </P>
<P align=justify><B>Note: </B>Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report or other
document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant&#146;s &#147;home country&#148;), or under the
rules of the home country exchange on which the registrant&#146;s securities are
traded, as long as the report or other document is not a press release, is not
required to be and has not been distributed to the registrant&#146;s security
holders, and, if discussing a material event, has already been the subject of a
Form 6-K submission or other Commission filing on EDGAR. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<!--$$/page=--><A name=page_2></A>
<P align=center><B>SIGNATURES</B> </P>
<P align=justify>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. </P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD align=left>Date: November 17, 2014 </TD>
    <TD width="50%" colSpan=2 align=left><B>CHINA INFORMATION TECHNOLOGY,
      INC.</B> </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="2%">&nbsp; </TD>
    <TD width="48%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD width="2%" align=left>By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="48%" align=left>/s/
      Jiang Huai Lin </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD width="2%" align=left>&nbsp; </TD>
    <TD width="48%" align=left>Jiang Huai Lin </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD width="2%" align=left>&nbsp; </TD>
    <TD width="48%" align=left>Chief Executive Officer </TD></TR></TABLE>
<P align=center>2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center color=black SIZE=5
width="100%" noShade>
<A name=page_3></A>
<P align=center><B>EXHIBIT INDEX </B></P>
<TABLE
style="BORDER-COLOR: black; BORDER-COLLAPSE: collapse; FONT-SIZE: 10pt; "
border=0 cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      align=left><B>Exhibit No.<U> </U></B></TD>
    <TD vAlign=bottom width="1%" align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="88%"
    align=left>&nbsp;<B>Description </B></TD></TR>
  <TR vAlign=top>
    <TD bgColor=#eeeeee vAlign=bottom align=left><a href="exhibit99-1.htm">99.1 </a></TD>
    <TD bgColor=#eeeeee vAlign=bottom width="1%" align=left>&nbsp;</TD>
    <TD bgColor=#eeeeee vAlign=bottom width="88%" align=left><a href="exhibit99-1.htm">Press Release
      dated November 17, 2014</a> </TD></TR></TABLE><BR>
<HR align=center color=black SIZE=5 width="100%" noShade>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>China Information Technology, Inc.: Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=right><B>Exhibit 99.1 </B></P>
<P align=center><B><FONT size=3>China Information Technology to Sell Property
and Repurchase Company Shares </FONT></B></P>
<P align=justify style="text-indent: 5%">SHENZHEN, China, Nov. 17, 2014 /PRNewswire/ -- China
Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading
provider of integrated cloud-based platform, exchange, and big data solutions to
the Chinese new media industry, today announced it has signed a Letter of Intent
(LOI) with an unrelated party to sell the Company's Fuyong Industrial Park for
RMB375.0 million (approximately US$61.2 million). In addition to working
capital, proceeds from the sale will be used to fund a RMB61.3 million (US$10.0
million) share repurchase program and pay down RMB200.0 million (US$32.6
million) in short-term bank loans. </P>
<P align=justify style="text-indent: 5%">Mr. Jianghuai Lin, Chairman and CEO of CNIT stated, "With our
successful transition to a cloud-based asset-light business model, we no longer
need a large physical property. We believe that it will add more shareholder
value by selling the Fuyong Industrial Park than holding it. Proceeds from the
sale will drastically improve our balance sheet and enable us to launch the
expansion of our new media advertising business. In addition, we are initiating
a share repurchase program to demonstrate our commitment to increasing
shareholder value and our confidence in CNIT's future growth." </P>
<P align=justify style="text-indent: 5%">CNIT has received an earnest money deposit of RMB30 million
(US$4.89 million) upon signing the Letter of Intent. Detailed transaction terms
and procedures are pending approval from the board of directors of both parties.
The Company expects to complete the sales transaction and receive full payments
by June 30, 2015. </P>
<P align=justify style="text-indent: 5%">In addition, approved by its Board of Directors, the Company
plans to implement a US$10 million share repurchase program over the next 12
months, in a manner consistent with market conditions and the interest of
shareholders. The timing and scale of any purchases will depend upon market
conditions, the trading price of the Company's ordinary shares and other
factors, and are subject to applicable legal restrictions related to volume,
price and timing, including but not limited to, Rule 10b-18 promulgated under
the Securities Exchange Act of 1934, as amended. The Board of Directors will
review the share repurchase program periodically, and may authorize adjustment
of its terms and size accordingly. </P>
<P align=justify><B>About China Information Technology, Inc.</B></P>
<P align=justify style="text-indent: 5%">Headquartered in Shenzhen, China Information Technology, Inc.
provides integrated cloud-based platform, exchange, and big data solutions to
the Chinese new media industry. The Company's ecosystem enables ad buyers and
sellers to seamlessly manage the entire advertisement lifecycle and exchange
media resources. Based on its proprietary Cloud-App-Terminal (CAT) model, the
Company has created an integrated cloud-based new media platform, which supports
its online advertisement exchange platform Taoping Net and related big data
value-added services. These strategic initiatives are forming an extensive and
diversified CNIT ecosystem and laying a solid foundation for a sustainable
business. To learn more, please visit http://www.chinacnit.com. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=justify><B>Safe Harbor Statement </B></P>
<P align=justify style="text-indent: 5%">This press release may contain certain "forward-looking
statements" relating to the business of China Information Technology, Inc., and
its subsidiaries and other consolidated entities. All statements, other than
statements of historical fact included herein, are "forward-looking statements"
in nature within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements, often identified by the use of
forward-looking terminologies such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties.
Although the Company believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions, risks
and uncertainties, and these expectations may prove to be incorrect. Investors
should not place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company's actual results could
differ materially from those anticipated in these forward-looking statements as
a result of a variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange Commission and
available on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company and its subsidiaries and other consolidated entities
or persons acting on their behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws, the Company
does not assume a duty to update these forward-looking statements. </P>
<P style="MARGIN-LEFT: 5%" align=justify><B>For further information, please
contact: </B></P>
<P style="MARGIN-LEFT: 5%" align=justify>China Information Technology, Inc.
<BR>Tiffany Pan <BR>Tel: +86 755 8370 4767 <BR>Email: ir@chinacnit.com
<BR>http://www.chinacnit.com </P>
<P style="MARGIN-LEFT: 5%" align=justify>Grayling <BR>Shiwei Yin <BR>Investor
Relations <BR>Tel: +1.646.284.9474 <BR>Email: cnit@grayling.com </P>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
