SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: July 29, 2003
XIN NET CORP.
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(Exact name of registrant as specified in its charter)
Florida 0-26559 330-751560
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
Suite 950, 789 West Pender Street, Vancouver, B.C. Canada V6C 1H2
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(New address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (604) 632-9638
Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
PRESS RELEASE
Acquisition of Dawa Business Group
Xin Net Corp. (the "Company") has acquired 51% of Dawa Business Group Inc.
("Dawa") in exchange for 49% of Xin Net's subsidiary Windsor Education
Academy Inc. ("Windsor").
Dawa's main business is the publication of a weekly Chinese community newspaper
and a monthly magazine featuring education and employment in Vancouver's Chinese
community. Dawa is operated by Mr. Zaixin Ma, BA, MA, Ph.D., whose career
covered academic research, media publishing and education. He has worked in
China, Japan and the United Kingdom before relocating to Vancouver four years
ago. Xin Net acquired Windsor at the end of 2002, a licensed school specializing
in offering English as a Second Language (ESL) courses to foreign students. The
synergy in Dawa and Windsor lies in Mr. Ma's extensive work experience and
business connections as well as the ability to promote Windsor and affiliated
educational products through the Dawa publications. Mr. Ma will be responsible
for the day-to-day operations of both entities. His mandate also includes
opening up the Mainland Chinese market for different North American curriculums.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Registrant's Certifying Accountant
None.
Item 5. Other Events
None.
Item 6. Resignation of Registrant's Directors
None.
Item 7. Financial Statements & Exhibits
Financial Statements - None.
Exhibits: 10.1 Share Exchange Agreement
Item 8. Change in Fiscal Year
None.
Item 9. Regulation FD Disclosure
None.
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.
Date: July 29, 2003
XIN NET CORP.
By: /s/ Ernest Cheung
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Ernest Cheung, Director