UNITED
STATES
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
Commission
File No.: 0-12122
Date of
Report (Date of earliest event reported): February 2, 2009
APOLLO SOLAR ENERGY,
INC.
(Name of
Small Business Issuer in its Charter)
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Nevada
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84-0601802
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(State
or other jurisdiction
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(I.R.S.
Employer ID Number)
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of
incorporation or organization)
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c/o
American Union Securities, Inc.
100 Wall Street,
15th Floor, New York, NY
10005
(Address
of principal executive offices)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers
On
February 2, 2009 Mr. Fong Heung Sang (Dexter), was appointed Chief Financial
Officer of the Company for a fixed term of two years. Mr. Fong will
also serve as a member of the Company’s board of directors.
Pursuant
to his employment, Mr. Fong will be entitled to receive an annual base salary of
$70,000, increasing to $90,000 in June 2009 and further increasing to $110,000
in January 2010 and has been granted options to acquire 750,000 shares of the
Company’s common stock which will vest in equal installments over the
twenty-four month period of his employment.
Mr.
Fong, age 49, served as Executive Vice President of Corporate Development of
FUQI International, Inc. (Nasdaq GM:FUQI), a leading designer of high quality
precious metal jewelry in China from December 2006 to January 2009. Mr.
Fong served as the managing partner of Iceberg Financial Consultants, a
financial advisory firm based in China that advises Chinese clients in capital
raising activities in the United States from January 2004 to November
2006.
In
connection with the foregoing, Yong Ling ceased to act as the Company’s Chief
Financial Officer immediately prior to Mr. Fong’s appointment. Mr. Ling has
also resigned his position on the Company’s board of directors. Mr. Ling
will retain his position as Chief Accounting Officer of Sichuan Apollo Solar
Science & Technology Co., Ltd, a wholly owned subsidiary of Apollo Solar
Energy, Inc.
Item
9.01. Financial Statements and Exhibits
(d) Exhibits
The following are filed as
exhibits to this report
| Exhibit
No. |
Description |
| 99.1 |
Press Release, dated
February 2, 2009 |
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 hereunto
duly authorized.
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APOLLO
SOLAR ENERGY, INC.
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February
2, 2009
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By:
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/s/
Renyi Hou |
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Name: Renyi
Hou
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Title:
Chief Executive Officer
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