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 June 2021

 

Commission File Number: 001-34738

 

Luokung Technology Corp.

(Translation of registrant’s name into English)

 

B9-8, Block B, SOHO Phase II, No. 9, Guanghua Road, Chaoyang District,

Beijing People’s Republic of China 100020

(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): ☐

 

 

 

 

 

Amendment to Employment Agreement with CEO

 

On June 8, 2021, the Compensation Committee of the Board of Directors of Luokung Technology Corp. (the “Company”) approved an amendment (the “Amendment”) to the employment agreement by and between the Company and Mr. Xuesong Song, the Company’s Chief Executive Officer (the “CEO”), in order to provide the CEO with a salary of $500,000 annually, effective as of June 1, 2021. The CEO previously did not receive a cash salary for his services. A copy of the Amendment is furnished as Exhibit 99.1 hereto, which is incorporated herein by reference.

 

Exhibits.

Number

 
99.1   Amendment to the Employment Agreement by and between the Company and the CEO

 

1

 

 

SIGNATURES

 

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.

 

June 9, 2021

  

  By: /s/ Xuesong Song
  Name:  Xuesong Song
  Title: Chief Executive Officer

 

 

 

2

 

 

Exhibit 99.1

 

AMENDMENT TO EMPLOYMENT AGREEMENT 

 

BETWEEN

 

LUOKUNG TECHNOLOGY CORP.

 

And

 

XUESONG SONG

 

THIS AMENDMENT (the “Amendment”) to the EMPLOYMENT AGREEMENT (the “Employment Agreement”) entered into as of August 19, 2018 by and between Luokung Technology Corp., a British Virgin Islands exempted company (the “Company”) and Xuesong Song (collectively, the “Parties,” individually, a “Party”).

 

W I T N E S S E T H:

 

WHEREAS, the Parties wish to amend certain provisions of the Employment Agreement on the terms set forth herein.

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, the Parties, intending to be legally bound, hereby agree as follows:

 

1. The last sentence of Section 3.1 shall hereby be deleted in its entirety and replaced with the following:

 

“Executive’s annual salary during the Term shall be $500,000 in cash, payable monthly in arrears, effective June 1, 2021.”

 

2. Except for the modifications set forth above, all other terms and conditions of the Employment Agreement remain in full force and effect.

 

IN WITNESS WHEREOF, the parties have set their hands and seals hereunto as of June 8, 2021.

   
LUOKUNG TECHNOLOGY CORP.  
   
By: /s/ Jie Yu   By: /s/ Xuesong Song
Name: Jie Yu Name: Xuesong Song
Title: Chief Financial Officer