|   | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-----------------------------------------------------------------------------------------------------|

| x  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|

|   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

|   | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---------------------------------------------------------------------------------------------|

| Title of each class |   | Name of each exchange on which registered |
|---------------------|--------|-------------------------------------------|
| Ordinary Shares     |   | The NASDAQ Global Select Market           |

----

| U.S. GAAP x | International Financial Reporting Standards as issued by the International Accounting Standards Board  ̈ | Other  ̈ |
|-------------|-------------------------------------------------------------------------------------------------------------------|--------------|

----

| Name         |   | Age    |   | Position                             |
|--------------|--------|--------|--------|--------------------------------------|
|         |   |   |   |                                 |
| Changli Wang |   | 48     |   | Chief Executive Officer and Chairman |
| Peter Li     |   | 47     |   | Chief Financial Officer              |
| Colin Sung   |   | 45     |   | Director                             |
| Jerry Zhang  |   | 39     |   | Director                             |
| Jianyun Chai |   | 49     |   | Director                             |
| Qingtai Chen |   | 73     |   | Director                             |

----

----

| Name         |   | Number of Ordinary SharesIssuable upon Exercise ofOptions |    |   | Exercise Priceper Ordinary Share |   |   | Date of Grant |   | Date ofExpiration |
|--------------|--------|-----------------------------------------------------------------------------------------|---------|--------|-------------------------------------------------|--------|--------|-------------------------|--------|------------------------|
| Jerry Zhang  |   |                                                                                    | 3,000   |   |                                            | $      | 7.9    |                    |   | 1/1/2008               |   | 1/1/2018 |
| Yau Kiam Fee |   |                                                                                    | 30,000  |   |                                            | $      | 7.9    |                    |   | 1/1/2008               |   | 1/1/2018 |
| Colin Sung   |   |                                                                                    | 45,000  |   |                                            | $      | 7.9    |                    |   | 1/1/2008               |   | 1/1/2018 |
| Jianyun Chai |   |                                                                                    | 30,000  |   |                                            | $      | 5.85   |                    |   | 6/2/2008               |   | 6/2/2018 |
| Qingtai Chen |   |                                                                                    | 30,000  |   |                                            | $      | 5.85   |                    |   | 6/2/2008               |   | 6/2/2018 |
| Peter Li     |   |                                                                                    | 300,000 |   |                                            | $      | 2.24   |                    |   | 1/20/2009              |   | 1/20/2019 |

| Name         |   | Number of Restricted Shares Issued |   | Date of Grant |     |
|--------------|--------|---------------------------------------------------|--------|-------------------------|----------|
| Jerry Zhang  |   |                                              | 15,000 |                    | 1/1/2011 |   |
| Colin Sung   |   |                                              | 22,500 |                    | 2/1/2011 |   |
| Jianyun Chai |   |                                              | 15,000 |                    | 6/2/2011 |   |
| Qingtai Chen |   |                                              | 15,000 |                    | 6/2/2011 |   |

----

----

|   | · | selecting our independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by our independent auditors; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing with our independent auditors any audit problems or difficulties and management’s response; |
|--------|--------|-------------------------------------------------------------------------------------------------------------|

|   | · | reviewing and approving all proposed related-party transactions; |
|--------|--------|------------------------------------------------------------------|

|   | · | discussing the annual audited financial statements with management and our independent auditors; |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | · | reviewing major issues as to the adequacy of our internal controls and any special audit steps adopted in light of significant internal control deficiencies; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | annually reviewing and reassessing the adequacy of our audit committee charter; |
|--------|--------|---------------------------------------------------------------------------------|

|   | · | such other matters that are specifically delegated to our audit committee by our board of directors from time to time; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|

|   | · | meeting separately and periodically with management and our internal and independent auditors; and |
|--------|--------|----------------------------------------------------------------------------------------------------|

|   | · | reporting regularly to the full board of directors. |
|--------|--------|-----------------------------------------------------|

----

|   | · | approving and overseeing the compensation package for our executive officers; |
|--------|--------|-------------------------------------------------------------------------------|

|   | · | reviewing and approving corporate goals and objectives relevant to the compensation of our chief executive officer, evaluating the performance of our chief executive officer in light of those goals and objectives, and setting the compensation level of our chief executive officer based on this evaluation; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing periodically and making recommendations to the Board regarding any long-term incentive compensation or equity plans, programs or similar arrangements, annual bonuses, employee pension and welfare benefit plans; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing and making recommendations to the Board regarding succession plans for the chief executive officer and other senior officers. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | · | identifying and recommending to the Board nominees for election or re-election to the board, or for appointment to fill any vacancy; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing annually with the board the current composition of the board in light of the characteristics of independence, age, skills, experience and availability of service to us; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | identifying and recommending to the board the directors to serve as members of the board’s committees; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------|

|   | · | monitoring compliance with our Corporate Governance Guidelines. |
|--------|--------|-----------------------------------------------------------------|

| Category                 |     |  Number of Employees |
|--------------------------|----------|-------------------------------------|
| Sales & Marketing    |   |                              |  957 |
| Research and development |   |                              |  807 |
| Engineering              |   |                              |  637 |
| Production               |   |                              |  349 |
| Management               |   |                              |  356 |
| Total                    |   |                              | 3,106 |

----

| Name & Address ofBeneficial Owner     |   | Office, if Any |   | Title of Class |   | Amount & Nature ofBeneficialOwnership (1) |       |   | Percent of Class (2) |   |
|---------------------------------------------------------------|--------|--------------------------|--------|--------------------------|--------|--------------------------------------------------------------|------------|--------|--------------------------------|--------|
| Officers and Directors                                        |   |
| Changli Wang                                                  |   | CEO and Chairman         |   | Ordinary Shares          |   |                                                         | 9,354,566  | (3)    |                           |   | 16.79 | % |
| Peter Li                                                      |   | Chief Financial Officer  |   | Ordinary Shares          |   |                                                         | 300,000    | (4)    |                           |   | * |   |
| Colin Sung                                                    |   | Director                 |   | Ordinary Shares          |   |                                                         | 45,000     | (5)    |                           |   | * |   |
| Jerry Zhang                                                   |   | Director                 |   | Ordinary Shares          |   |                                                         | 36,000     | (6)    |                           |   | * |   |
| Qingtai Chen                                                  |   | Director                 |   | Ordinary Shares          |   |                                                         | 30,000     | (7)    |                           |   | * |   |
| Jianyun Chai                                                  |   | Director                 |   | Ordinary Shares          |   |                                                         | 30,000     | (8)    |                           |   | * |   |
| An Luo                                                        |   | Vice President           |   | Ordinary Shares          |   |                                                         | 6,057,303  | (9)    |                           |   | 10.88 | % |
| All officers and directors as a group (6 persons named above) |   |                |   | Ordinary Shares          |   |                                                         | 15,852,869 |   |                           |   | 28.46 | %(12) |
|                                                          |   |
| 5% Securities Holder                                          |   |
| Changli Wang                                                  |   | CEO and Chairman         |   | Ordinary Shares          |   |                                                         | 9,354,566  | (3)    |                           |   | 16.79 | % |
| Plus View Investments Limited                                 |   |                     |   | Ordinary Shares          |   |                                                         | 6,057,303  | (9)    |                           |   | 10.88 | % |
|                                                          |   |                     |   |                     |   |                                                         |       |   |                           |   |   |   |
| Li Qiao                                                       |   |                     |   | Ordinary Shares          |   |                                                         | 3,807,516  | (10)   |                           |   | 6.83 | % |
|                                                          |   |                     |   |                     |   |                                                         |       |   |                           |   |   |   |
| Unionway Resources Limited                                    |   |                     |   | Ordinary Shares          |   |                                                         | 4,113,948  | (11)   |                           |   | 7.39 | % |
|                                                          |   |                     |   |                     |   |                                                         |       |   |                           |   |   |   |

| (1) | Beneficial Ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities.  Except as otherwise indicated, each of the beneficial owners listed above has direct ownership of and sole voting power and investment power with respect to our ordinary shares. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | A total of 55,698,917 shares of our ordinary shares as of September 20, 2011 are outstanding pursuant to SEC Rule 13d-3(d)(1).  For each beneficial owner above, any options or warrants exercisable within 60 days have been included in the denominator. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The securities reported as held by Dr. Wang include 4,144,223 shares of our ordinary shares held indirectly through Ace Lead Profits Limited, 681,471 shares held indirectly through Billion Bright International Limited, 1,362,942 shares held indirectly through Excellent Link Enterprises Limited, 681,471 held indirectly through Golden Result Enterprises Limited, 1,000,000 held indirectly through Long Result Limited, and 1,063,733 held indirectly through Sure Grow Profits Limited.  The foregoing entities are all BVI entities that are wholly-owned and controlled by Dr. Wang therefore he may be deemed to be the beneficial owner of the ordinary shares held by them. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The securities reported as held by Mr. Li include options to purchase 300,000 ordinary shares that are vested or are to be vested within 60 days from the date hereof. |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5) | The securities reported as held by Mr. Sung include options to purchase 45,000 ordinary shares that are vested or are to be vested within 60 days from the date hereof. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | The securities reported as held by Mr. Zhang include options to purchase 36,000 ordinary shares that are vested or are to be vested within 60 days from the date hereof. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | The securities reported as held by Mr. Chen include options to purchase 25,000 ordinary shares that are vested or are to be vested within 60 days from the date hereof. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | The securities reported as held by Mr. Chai include options to purchase 25,000 ordinary shares that are vested or are to be vested within 60 days from the date hereof. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | The securities reported as held by An Luo represent 6,057,303 ordinary shares held by Plus View Investments Limited, a BVI company owned and controlled by An Luo; therefore An Luo may be deemed to be the beneficial owner of the ordinary shares beneficially owned by Plus View Investments Limited. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | The securities reported as held by Ms. Qiao represent 935,844 ordinary shares held by Faith Best Profits Limited, 717,918 shares held by OSCAF International Company Limited, 717,918 shares held by Glory Pearl International Limited, 717,918 shares held by Jumbo Growth International Limited, and 717,918 shares held by Pearl Success Investments Limited.  The foregoing entities are all BVI entities that are wholly-owned and controlled by Ms. Qiao. Therefore Ms. Qiao may be deemed to be the beneficial owner of the ordinary shares held by them. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (11) | Unionway Resources Limited, the record owner of the ordinary shares set forth above, is controlled by Mr. Wenfu Wang and therefore, Mr. Wang may be deemed to be the beneficial owner of the ordinary shares held by Unionway Resources Limited. |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Number                                                                |   |   | Description                                                                                                                                                                                                                                         |
|-----------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                  |   |   |                                                                                                                                                                                                                                                |
|            1.1 |   |   | Memorandum of Association of Registrant (Incorporated by reference to Annex B of the Proxy Statement/Prospectus contained in Registration Statement S-4 (file no. 333-132826) filed with the Securities and Exchange Commission on March 30, 2006). |
|                                                                  |   |   |                                                                                                                                                                                                                                                |
|            1.2 |   |   | Articles of Association of Registrant (Incorporated by reference to Annex C of the Proxy Statement/Prospectus contained in Registration Statement S-4 (file no. 333-132826) filed with the Securities and Exchange Commission on March 30, 2006).   |
|                                                                  |   |   |                                                                                                                                                                                                                                                |
|            1.3 |   |   | Certificate of Change of Name (Incorporated by reference to Exhibit 1.3 of the Form 20-F filed with the Securities and Exchange Commission on September 30, 2009).                                                                                  |
|                                                                  |   |   |                                                                                                                                                                                                                                                |
|           1.4       |   |   | Amendment to Memorandum and Articles of Association of Hollysys Automation Technologies Ltd. (Incorporated by reference to Exhibit 1.1 of the Form 6-K filed with the Securities and Exchange Commission on September 21, 2010).                    |

| 2.1    |   |   | Rights Agreement, dated as of August 27, 2010, between Hollysys Automation Technologies Ltd. and Continental Stock Transfer & Trust Company, which includes the Form of Right Certificate as Exhibit A and the Summary of Rights to Purchase Preferred Shares as Exhibit B (Incorporated by reference to Exhibit 2.1 of the Form 6-K filed with the Securities and Exchange Commission on September 21, 2010). |
|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 4.1    |   |   | Agreement and Plan of Merger between Chardan North China Acquisition Corporation and Registrant (Incorporated by reference to Exhibit 2.2 of the Registration Statement S-4 (file no. 333-132826) filed with the Securities and Exchange Commission on March 30, 2006).                                                                                                                                            |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 4.2    |   |   | Amended and Restated Stock Purchase Agreement, by and between Chardan North China Acquisition Corporation and Advance Pacific Holdings Limited, dated  February 9, 2007 (Incorporated by reference to Annex A of the Proxy Statement/Prospectus contained in Registration Statement S-4 (file no. 333-132826) filed with the Securities and Exchange Commission on March 30, 2006).                      |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 4.3    |   |   | Chardan North China Acquisition Corporation 2006 Stock Plan (Incorporated by reference to Exhibit 4.1 of the Registration Statement on Form S-8 (file no. 333-170811) filed with the Securities and Exchange Commission on November 24, 2010).                                                                                                                                                                     |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 4.4    |   |   | Form of Stock Consignment Agreement (Incorporated by reference to Exhibit 10.2 of the Registration Statement S-4/A (file no. 333-132826) filed with the Securities and Exchange Commission on June 28, 2006).                                                                                                                                                                                                      |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 4.5    |   |   | Share Sale and Purchase Agreement, by Unionway Resources Limited and the Company, dated December 23, 2009. ((Incorporated by reference to Exhibit 4.20 of the Report on Form 20-F for the fiscal year ended June 30, 2010 filed with the Securities and Exchange Commission on December 22, 2010)                                                                                                                  |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 8.1    |   |   | List of subsidiaries (previously filed with the Form 20-F for fiscal year June 30, 2011)                                                                                                                                                                                                                                                                                                                           |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 11.1   |   |   | Code of Ethics (included as Annex G to the Proxy Statement/Prospectus contained in Registration Statement 333-132826 and incorporated by reference herein)                                                                                                                                                                                                                                                         |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 12.1   | *      |   | CEO Certification Pursuant to Rule 13a-14(a) (17 CFR 240.13a-14(a)) (17 CFR 240.13a-14(a)) or Rule 15d-1(a) (17 CFR 240.15d-14(a))                                                                                                                                                                                                                                                                                 |
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                               |
| 12.2   | *      |   | CFO Certification Pursuant to Rule 13a-14(a) (17 CFR 240.13a-14(a)) or Rule 15d-1(a) (17 CFR 240.15d-14(a))                                                                                                                                                                                                                                                                                                        |

----

| 13.1             | *      |   | CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                        |
|------------------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |   |   |                                                                                                                                                                                                                               |
| 13.2             | *      |   | CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                        |
|             |   |   |                                                                                                                                                                                                                               |
| 15.1             |   |   | HLS Systems International, Ltd. Audit Committee Charter, adopted June 20, 2008 (Incorporated by reference to Exhibit 99.1 of the Form 6-K filed with the Securities and Exchange Commission on June 27, 2008).                     |
|             |   |   |                                                                                                                                                                                                                               |
| 15.2             |   |   | HLS Systems International, Ltd. Compensation Committee Charter, adopted June 20, 2008 (Incorporated by reference to Exhibit 99.2 of the Form 6-K filed with the Securities and Exchange Commission on June 27, 2008).              |
|             |   |   |                                                                                                                                                                                                                               |
| 15.3             |   |   | HLS Systems International, Ltd. Governance and Nominating Committee Charter, adopted June 20, 2008 (Incorporated by reference to Exhibit 99.3 of the Form 6-K filed with the Securities and Exchange Commission on June 27, 2008). |
|             |   |   |                                                                                                                                                                                                                               |
|   15.4 |   |   | Consent of BDO Limited, relating to Form S-8 registration statement 333-170811(Previously filed with Form 20-F for fiscal year ended June 30, 2011)                                                                                |

----

----

|             | HOLLYSYS AUTOMATION TECHNOLOGIES LTD. |   |
|------------------|---------------------------------------|--------|
|             |                                  |   |
|             | /s/ Changli Wang                      |   |
|             | Changli Wang                          |   |
| December 8, 2011 | Chief Executive Officer               |   |

----