<PAGE>
Filed pursuant to Rule 424(b)(3)
File No. 333-53925
SUPPLEMENT TO PROSPECTUS DATED JULY 30, 1998
PEAK INTERNATIONAL LIMITED
1,793,038 SHARES
This Supplement amends and supplements certain information contained in the
Prospectus dated July 30, 1998 (the "Prospectus") relating to up to 1,793,038
shares of common stock, par value $0.01 per share, of Peak International
Limited. The Prospectus is hereby amended by the terms set fourth below and
the matters addressed herein supercede any contrary statements contained in
the Prospectus.
This Supplement amends the section entitled "Principal Shareholders and
Selling Shareholder" on page 38 of the Prospectus by replacing the contents of
such section in its entirety with the following:
PRINCIPAL SHAREHOLDERS
The following table sets forth certain information regarding the ownership
of Shares as of August 5, 1998 by (i) each person who is known by the Company
to own more than 10.0% of its Shares and (ii) all directors and executive
officers of the Company as a group.
<TABLE>
<CAPTION>
SHARES OWNED AS
OF AUGUST 5, 1998
-----------------
IDENTITY OF PERSON OR GROUP NUMBER PERCENT
<S> <C> <C>
Luckygold(1)................................................ 7,888,038 58.4%
All directors and executive officers as a group (9 per-
sons)(2)................................................... 7,890,538 58.4%
</TABLE>
- ---------------------
(1) Mr. T.L. Li is the sole shareholder of Luckygold.
(2) Includes 7,888,038 shares held by Mr. T.L. Li through Luckygold and 2,500
shares held by Mr. Richard Brook. Mr. Brook is also the holder of 2,500
TrENDS. Mr. Brook has informed the Company of his current intention to
acquire additional Shares or TrENDS.
SELLING SHAREHOLDER
Pursuant to the Contract, a specified number of Shares will be required to
be delivered to the Trust by Luckygold upon exchange of the TrENDS, subject to
the exercise of a cash settlement alternative and certain other events more
fully described in the Trust Prospectus. The following table sets forth
certain information for Luckygold with respect to (i) its ownership of the
Shares as of August 5, 1998 and (ii) the maximum number of Shares that may be
delivered to the Trust by Luckygold pursuant to the Contract. Luckygold's
beneficial ownership of the Shares will not change as a result of the Offering
until and to the extent Luckygold delivers Shares to the Trust pursuant to the
Contract.
<TABLE>
<CAPTION>
MAXIMUM NUMBER OF
SHARES DELIVERABLE TO THE
SHARE OWNED AS OF TRUST PURSUANT TO THE
AUGUST 5, 1998 CONTRACT
-------------------- --------------------------
NAME OF SELLING SHAREHOLDER NUMBER PERCENTAGE NUMBER PERCENTAGE
<S> <C> <C> <C> <C>
Luckygold(1).................... 7,888,038 58.4% 5,300,000 39.2%
</TABLE>
- ---------------------
(1) Mr. T.L. Li is the sole shareholder of Luckygold.
As of the date of this Prospectus, 58.4% of the Shares are owned
beneficially by Mr. T.L. Li through his ownership of all of the outstanding
shares of Luckygold. Mr. T.L. Li is the Chairman and Chief Executive Officer
of the Company. Mr. T.L. Li is also the controlling shareholder of, and since
1981 has served as the Chairman of the Board of Directors of, QPL Holdings. A
significant portion of the Company's product sales has historically been and
is expected to continue to be derived from transactions with companies in the
QPL Holding Group. See "Management--Directors and Executive Officers" and
"Certain Transactions."
This Prospectus covers 1,793,038 Shares owned by Luckygold that may be
borrowed from time to time pursuant to the Securities Loan Agreement. Since
Luckygold is only lending such Shares to Donaldson, Lufkin & Jenrette
Securities Corporation, Donaldson, Lufkin & Jenrette Securities Corporation is
obligated to return such borrowed Shares to Luckygold. See "Plan of
Distribution."
This Supplement also amends the references to "58.6%" in (1) the first
sentence of the first paragraph under the subheading "Relationship with
Principal Shareholder and Potential Conflicts of Interests" on page 10 of the
Prospectus, (2) the first sentence of second paragraph under the subheading
"Shares Eligible for Future Sale" on page 11 of the Prospectus, and (3) the
first sentence of the second paragraph under the subheading "Foreign Personal
Holding Company Rules" on page 44 of the Prospectus, in each case by replacing
it with "58.4%".
This Supplement also amends and updates the Prospectus to reflect that on
August 19, 1998, Mr. T.L. Li resigned, and Mr. Richard Brook was appointed by
the Board of Directors of the Company, as Chief Executive Officer of the
Company. Mr. Li will remain Chairman of the Board of Directors of the Company.
-----------------------------------------------
The date of this Supplement is August 19, 1998.
-----------------------------------------------
