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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED STATES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of Report (date of earliest event reported): November 8, 2011</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State of Incorporation)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4 Nanreyuan Street</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 (see General Instruction A.2. below):</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="Check1"><!--EFPlaceholder--></a><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 5.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On November 8, 2011, the board of directors (the &#8220;Board&#8221;) of QKL Stores Inc. (the &#8220;Company&#8221;) appointed Mr. Tsz Fung Philip Lo (&#8220;Mr. Lo&#8221;) as an independent director, effective immediately.&#160;&#160;Mr. Lo was also appointed as Chairman of the Audit Committee and as a member of the Compensation Committee and Corporate Governance Committee.&#160;&#160;The Board determined that Mr. Lo is an &#8220;independent director&#8221; as that term is defined in accordance with Rule 5605(a)(2) of the Marketplace Rules of The NASDAQ Stock Market, LLC and Section 10A(m)(3) of the Securities Exchange Act of 1934, as amended.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr. Lo, age 45, has been serving as managing director of Shenzhen Xin Wei Managing Consultancy Limited since August 2011, chief financial officer of Wuhan General Group (China) Inc. (NASDAQ: WUHN)&#160;&#160;since February 2010, independent non-executive director of Styland Holdings Limited (Hong Kong Exchange) since April 2009, and managing director of AW Financial Consultancy Limited since December 2007. Mr. Lo also served as chief financial officer of Wuhan Zhongye Yangluo Heavy Machinery Co., Ltd from December 2007 to January 2009, and senior manager of Albert Wong &amp; Co of from June 2006 to December 2007. Mr. Lo received his Bachelor&#8217;s degree from University of Wollongong, Australia. He is a member of CPA Australia and a member of HKICPA.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There were no arrangements or understandings between Mr. Lo and any other persons pursuant to which Mr. Lo was selected as a director.&#160;&#160;Mr. Lo has no family relationships with any of the executive officers or directors of the Company.&#160;&#160;There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Lo had, or will have, a direct or indirect material interest.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On November 8, 2011, the Company and Mr. Lo executed an Independent Director Agreement (the &#8220;Agreement&#8221;) in connection with Mr. Lo&#8217;s appointment, pursuant to which Mr. Lo will be entitled to receive an annual compensation of $15,000. Unless terminated earlier according to the relevant provisions, the term of this Agreement is three years.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A copy of the Agreement&#160;&#160;is filed herewith as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 8.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On November 10, 2011, the Company issued a press release announcing Mr. Lo&#8217;s appointment.&#160;&#160;A copy of the press release is attached as Exhibit 99.1 hereto.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press release dated November 10, 2011</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 405pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">QKL STORES INC.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 405pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By: <font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Tsz-Kit Chan</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 405pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Name:&#160;&#160;</font>Tsz-Kit Chan</font></div>

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[{"type": "8-K", "sequence": "1", "filename": "v239995_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 27602}]
{"company-data": {"conformed-name": "QKL Stores Inc.", "cik": "0000808047", "assigned-sic": "5411", "irs-number": "752180652", "state-of-incorporation": "DE", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34498", "film-number": "111193284"}, "business-address": {"street1": "1 NANREYUAN STREET", "street2": "DONGFENG ROAD , SARTU DISTRICT", "city": "DAQING", "state": "F4", "zip": "163300", "phone": "3124540312"}, "mail-address": {"street1": "1 NANREYUAN STREET", "street2": "DONGFENG ROAD , SARTU DISTRICT", "city": "DAQING", "state": "F4", "zip": "163300"}, "former-company": [{"former-conformed-name": "QKL Stores, Inc.", "date-changed": "20080619"}, {"former-conformed-name": "FORME CAPITAL INC", "date-changed": "19920703"}]}
Unassociated Document
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 1934
Date of Report (date of earliest event reported): November 8, 2011
QKL STORES INC.
(Exact name of registrant as specified in charter)
Delaware
033-10893
75-2180652
(State of Incorporation)
(Commission File No.)
(IRS Employer
Identification No.)
4 Nanreyuan Street
Dongfeng Road
Sartu District
163300 Daqing, PRC
(Address Of Principal Executive Offices) (Zip Code)
(011) 86-459-460-7825
(Registrant's Telephone Number, Including Area Code)
[Missing Graphic Reference]
(Former Name or Former Address, is Changed Since Last Report)
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 (see General Instruction A.2. below):
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 8, 2011, the board of directors (the "Board") of QKL Stores Inc. (the "Company") appointed Mr. Tsz Fung Philip Lo ("Mr. Lo") as an independent director, effective immediately.  Mr. Lo was also appointed as Chairman of the Audit Committee and as a member of the Compensation Committee and Corporate Governance Committee.  The Board determined that Mr. Lo is an "independent director" as that term is defined in accordance with Rule 5605(a)(2) of the Marketplace Rules of The NASDAQ Stock Market, LLC and Section 10A(m)(3) of the Securities Exchange Act of 1934, as amended.
Mr. Lo, age 45, has been serving as managing director of Shenzhen Xin Wei Managing Consultancy Limited since August 2011, chief financial officer of Wuhan General Group (China) Inc. (NASDAQ: WUHN)  since February 2010, independent non-executive director of Styland Holdings Limited (Hong Kong Exchange) since April 2009, and managing director of AW Financial Consultancy Limited since December 2007. Mr. Lo also served as chief financial officer of Wuhan Zhongye Yangluo Heavy Machinery Co., Ltd from December 2007 to January 2009, and senior manager of Albert Wong & Co of from June 2006 to December 2007. Mr. Lo received his Bachelor's degree from University of Wollongong, Australia. He is a member of CPA Australia and a member of HKICPA.
There were no arrangements or understandings between Mr. Lo and any other persons pursuant to which Mr. Lo was selected as a director.  Mr. Lo has no family relationships with any of the executive officers or directors of the Company.  There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Lo had, or will have, a direct or indirect material interest.
On November 8, 2011, the Company and Mr. Lo executed an Independent Director Agreement (the "Agreement") in connection with Mr. Lo's appointment, pursuant to which Mr. Lo will be entitled to receive an annual compensation of $15,000. Unless terminated earlier according to the relevant provisions, the term of this Agreement is three years.
A copy of the Agreement  is filed herewith as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.
Item 8.01                      Other Events.
On November 10, 2011, the Company issued a press release announcing Mr. Lo's appointment.  A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01                      Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
10.1
Independent Director Agreement by and between the Company and Mr. Lo, dated as of November 8, 2011.
99.1
Press release dated November 10, 2011
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.
QKL STORES INC.
By:
/s/ Tsz-Kit Chan
Name:
Tsz-Kit Chan
Title:    Chief Financial Officer
Date: November 10, 2011
Exhibit Index
Exhibit No.
Description
10.1
Independent Director Agreement by and between the Company and Mr. Lo, dated as of November 8, 2011.
99.1
Press release dated November 10, 2011