China Energy Savings Technology (CESV)

[RIGATONI]

8K.......



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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


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FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of report (Date of earliest event reported): July 21, 2005


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China Energy Savings Technology, Inc.
(Exact name of registrant as specified in its Charter)


Nevada 000-31047 86-0995730
(State or other jurisdiction of
incorporation or organization) (Commission File No.) (IRS Employer Identification No.)


Central Plaza
18 Harbour Road
Suite 3203A
32nd Floor
Hong Kong, China
(Address of Principal Executive Offices)

852-2588-1228
(Issuer Telephone Number)

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(b) under the Exchange Act (17 CFR 240.14a-12(b))
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))



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ITEM 8.01 OTHER EVENTS


On July 21, 2005, the Registrant released a press release announcing that as a result of the recent decline in its share price, the Registrant’s Board of Directors has decided to delay a 2-for-1 forward stock split until such time as market conditions warrant, and that the Registrant will announce a new record date for the forward split at the appropriate time. A copy of the press release is attached as an exhibit to this current report.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS


Exhibit Number Description

99.1 Press Release





[SIGNATURES PAGE FOLLOWS]



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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.



China Energy Savings Technology, Inc.




Date: July 21, 2005 By: /s/ Sun Li

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Sun Li
Chief Executive Officer





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EXHIBIT 99.1



China Energy Savings Delays 2-For-1 Forward Stock Split
Thursday July 21, 10:21 am ET


HONG KONG, July 21 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV) announces today that as a result of the recent decline in its share price, its Board of Directors has decided to delay a 2-for-1 forward stock split until such time as market conditions warrant. The Company will announce a new record date for the forward split at the appropriate time.


"We recently announced record preliminary third quarter results and full-year earnings guidance for our fiscal year ended September 30, 2005 of $1.10 per share," said Sun Li, Chairman and CEO of China Energy Savings. "We are now entering our peak earnings season, as conservation efforts during the Summer months in China, when energy usage is greatest, should result in our highest quarterly earnings ever. We intend to complete a forward stock split to improve liquidity for our shareholders at a time when market conditions for our stock better reflect the prospects for our business."


About China Energy Savings Technology


China Energy Savings Technology, Inc., through its ownership interest in Starway Management Limited engages in the development, manufacture, sale, and distribution of energy-saving products for use in commercial and industrial settings in the People's Republic of China. According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002, Shenzhen Academy of Metrology & Quality Inspection issued in December 2002 and approved by the State Quality Supervision Inspection Department, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops, small arcades, offices and households through the sale of equipment, and the large-scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years.


Safe Harbor Statement


As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.


Contact Information:


John Roskelley
President
First Global Media
480-902-3110


Ed Lewis
CEOcast, Inc.
212-732-4300


Website: http://www.cesv-inc.com
Email: [e-mail]