For the month of March 2020


Commission File Number: 001-34409




Room 1902, Building C, King Long International Mansion

No. 9 Fulin Road

Beijing, 100107

People’s Republic of China

(Address of principal executive offices)


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  ¨


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): ¨






Explanatory Note:


The Registrant is filing this Report on Form 6-K to report the change of an independent director. On March 19, 2020, due to the personal reasons, Ralph Hornblower, III, a class I member of the Registrant’s Board, submitted his resignation to the Board, effective immediately. There is no disagreement between Ralph Hornblower, III and the Registrant. The Board accepted his resignation and appointed Yonggang Duan to fill the vacancy on March 24, 2020, effective on March 19, 2020.


Dr. Duan has been teaching and researching in the oil-gas field development engineering area for a long time. From November 2004, Dr. Duan has been a professor at Southwest Petroleum University in Sichuan, China. He is the director of the oil well technology center of petroleum engineering school of Southwest Petroleum University. In addition, Dr. Duan is also a researcher and Ph.D. supervisor. He has published over 60 articles on top academic journals and participated in writing six books. He was named an expert with outstanding contributions and an oil-gas safety expert in Sichuan Province, China. Dr. Duan received his bachelor’s degree in oil production in 1984, and his master degree in oil-gas field development engineering in 1988, both from Southwest Colleague. Dr. Duan received his Ph.D. degree in oil-gas field development engineering in 2009 from Southwest Petroleum University.


This report on Form 6-K is hereby incorporated by reference into the Company’s (i) Registration Statement on Form F-3 (file No. 333-234660) filed with SEC on November 13, 2019 and declared effective on November 26, 2019 and (ii) Registration Statement on Form S-8 (file No. 333-228918) filed with SEC on December 20, 2018 and the reoffer prospectus, dated December 20, 2018, contained therein.


Exhibit Index: 


99.1 Press release dated March 26, 2020 titled “Recon Technology, Ltd Announces the Appointment of Dr. Yonggang Duan to the Board of Directors”







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.


March 27, 2020 By: /s/ Shenping Yin  
    Shenping Yin  
    Chief Executive Officer  
    (Principal Executive Officer) and  
    Duly Authorized Officer  





Exhibit 99.1



800 3rd Ave, 11th Floor, New York, NY 10022

Tel: +1 (646) 801-2803 | Fax: +1 (212) 601-2791




Recon Technology, Ltd Announces the Appointment of Dr. Yonggang Duan to the Board of Directors


NEW YORK, March 26, 2020 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), today announced that Dr. Yonggang Duan has been appointed to its Board of Directors as an independent director, effective March 19, 2020.


Dr. Duan is currently a researcher and doctoral supervisor, a third level professor and the director of the Oil Well Completion Technology Center at the School of Petroleum Engineering, Southwest Petroleum University. First graduated in 1984 major in oil recovery engineering, Dr. Duan got his master’s degree in 1988 and the Ph.D. degree in 2009 both major in oil and gas field development engineering from Southwest Petroleum University. Long engaging in teaching and scientific research in the field of oil and gas field development engineering and well completion, focusing on the research work on oil and gas reservoirs dynamic analysis, well testing and completion, Dr. Duan has won several awards and titles including outstanding experts with outstanding contributions in Sichuan Province, experts in oil and gas safety in Sichuan Province, and candidates for academic and technical leadership in Sichuan Province.


Dr. Duan has published more than 60 journals, including 20 SCI journals, 23 EI journals, and serval CSCD journals. He has participated in the writing of 4 monographs and 2 textbooks, both "Oil and Gas Layer Protection Technology" and "Reservoir Physics" have been listed as planning textbooks by the Ministry of Education. Dr. Duan was in charge of the National 973 Project "high-efficiency shale gas development technology -research on the theory and interpretation method of shale gas horizontal well fracturing test", a national 863 project, 4 national major oil and gas projects, 10 other provincial and ministerial level projects. Dr. Duan has won 5 provincial and ministerial science and technology progress awards, including the first, the second and the third prizes.


"We are delighted to welcome Dr. Duan to our Board of Directors at this pivotal moment for the Company," said Mr. Shenping Yin, co-founder, and CEO of Recon. "Dr. Duan’s deep scientific knowledge and reputation in the oil and gas industry promise to be an asset to the company under current challenging macroenvironment. We look forward to working with and learning from Dr. Duan."


Dr. Duan said, "I’m looking forward to working with the Recon teams. Based on my experience of more than 30 years in the oil and gas projects, I hope to help Recon to improve technology and launch new products, therefore bring better sales expectations in the future."






800 3rd Ave, 11th Floor, New York, NY 10022

Tel: +1 (646) 801-2803 | Fax: +1 (212) 601-2791




About Future Gas Station (Beijing) Technology, Ltd.

Established in January 2016, Future Gas Station (Beijing) Technology is a service company focusing on providing new technical Applications and data operations to gas stations. It also provides solutions to gas stations to improve their operations and their customers’ experience. FGS aims to increase the overall income of gas stations through the integration of internet technique and New Retail E-Commerce platform and to help transform gas stations into comprehensive service providers.


About Recon Technology, Ltd.

Recon Technology, Ltd. (RCON) is China's first non-state-owned oil and gas field service company listed on NASDAQ. Recon supplies China's largest oil exploration companies with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures for increasing petroleum extraction levels, reducing impurities and lowering production costs. Since 2017, the Company has expanded its business operations into other segments of the broader energy industry including electric power, coal chemicals, renewable energy and environmental protection in the energy and chemical industries. Through the years, Recon has taken leading positions on several market segments of the oil and gas field service industry. Recon also has developed stable long-term cooperation relationships with its major clients, and its products and service are well accepted by clients. For additional information please visit: www.recon.cn.


Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, the effect of novel coronavirus and other health matters on target markets, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.


IR contact:

Dragon Gate Investment Partners LLC

Tel: +1(646)-801-2803

Email: RCON@dgipl.com