GLOBAL SOURCES LTD
NT 10-Q, 2000-05-16
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                           UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION    -------------------------
                      Washington, D.C. 20549                 OMB APPROVAL
                                                      -------------------------
                            FORM 12b-25               OMB Number:     3235-0058
                    NOTIFICATION OF LATE FILING       Expires:     May 31, 1997
                                                      Estimated average burden
                                                      hours per response...2.50
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                                                          SEC FILE NUMBER

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                                                            CUSIP NUMBER

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(Check One):[ ]Form 10-KSB [ ]Form 20-F [ ]Form 11-K [X] Form 10-Q [ ]Form N-SAR

   For Period Ended:        March 31, 2000
                     ----------------------------------------------------------
    Transition Report on Form 10-K              Transition Report on Form 10-Q
    Transition Report on Form 20-F              Transition Report on Form N-SAR
    Transition Report on Form 11-K
   For the Transition Period Ended:

- -------------------------------------------------------------------------------

  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.

If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:


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                        PART I -- REGISTRANT INFORMATION


- -------------------------------------------------------------------------------
Full Name of Registrant

                  Global Sources Limited
- -------------------------------------------------------------------------------
Former Name if Applicable

                   First Sunrise Inc.
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Address of Principal Executive Office (Street and Number)

            342 Madison Avenue, Suite 1815 New York, New York  10173
- -------------------------------------------------------------------------------
City, State and Zip Code

                       PART II -- RULES 12b-25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

         [a ] The reasons described in reasonable detail in Part III of this
              form  could  not be  eliminated  without  unreasonable  effort  or
              expense;
         [b ] The subject annual report, semi-annual report, transition report
              on Form 10-K, Form 20-F,  11-K or Form N-SAR, or portion  thereof,
 [X]          will be filed on or before the  fifteenth  calendar day  following
              the  prescribed  due  date;  or the  subject  quarterly  report of
              transition  report on Form 10-Q, or portion  thereof will be filed
              on or before the fifth  calendar day following the  prescribed due
              date; and
         [ c] The  accountant's  statement  or  other  exhibit  required  by
              Rule 12-b-25(c) has been attached if applicable.

<PAGE>

PART III -- NARRATIVE

State below in reasonable  detail the reasons why Forms 10-K,  20-F, 11-K, 10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period. SEE ATTACHMENT A


PART IV -- OTHER INFORMATION

1.       Name and telephone number of person to contact in regard to this
         notification

                    John Mazzuto                     212         683 6363
       -----------------------------------------  ----------   -------------
                       (Name)                     (Area Code) (Telephone Number)


2.       Have all other periodic reports required under Section 13 or
         15(d) of the Securities Exchange Act of 1934 or Section 30 of
         the Investment Company Act of 1940 during the preceding 12
         months or for such shorter period that the registrant was
         required to file such report(s) been filed? If answer is no,  YES  No
         identify report(s)                                            [X] [  ]

3.       Is it anticipated that any significant change in results of
         operations from the corresponding period for the last fiscal
         year will be reflected by the earnings statements to be       YES  No
         included in Yes No the subject report or portion thereof?     [X] [  ]


         If  so,  attach  an  explanation  of  the  anticipated   change,   both
         narratively and quantitatively,  and, if appropriate, state the reasons
         why a reasonable estimate of results cannot be made. SEE ATTACHMENT B

- -------------------------------------------------------------------------------

                               Global Sources Limited
                  --------------------------------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date  May 15, 2000                                By: /s/ John Mazzuto
- ---------------------------                         ---------------------------
                                                    John Mazzuto, President

<TABLE>
<CAPTION>
INSTRUCTION:  The form may be signed by an executive officer of the registrant or by any other duly authorized  representative.  The
name and title of the person signing the form shall be typed or printed beneath the signature.  If the statement is signed on behalf
of the registrant by an authorized representative (other than an executive officer), evidence of the representative's  authority to
sign on behalf of the registrant shall be filed with the form.

- ----------------------------------------------------------- ATTENTION --------------------------------------------------------------
<S>                                                                                                     <C>       <C>
             Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
- ------------------------------------------------------------------------------------------------------------------------------------

                                                        GENERAL INSTRUCTIONS

1.  This form is required by Rule 12b-25 of the General Rules and Regulations under the Securities  Exchange Act of 1934.

2.  One signed original and four conformed copies of this form and amendments thereto must be completed and filed with the
    Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and Regulations
    under the Act. The information contained in or filed with the form will be made a matter of public record in the Commission
    files.

3.  A manually  signed copy of the form and amendments  thereto shall be filed with each national  securities  exchange on which any
    class of securities of the registrant is registered.

4.  Amendments  to the  notifications  must also be filed on form 12b-25 but need not restate  information  that has been  correctly
    furnished. The form shall be clearly identified as an amended notification.

5.  ELECTRONIC FILERS. This form shall not be used by electronic filers unable to timely file a report solely due to electronic
    difficulties. Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should
    comply with either Rule 201 or Rule 202 of Regulation S-T or apply for an adjustment in filing date pursuant to Rule 13(b) of
    Regulation S-T.
</TABLE>

<PAGE>

                               ATTACHMENTS A and B

PART III - NARRATIVE


The  Registrant's  Quarterly  Report on Form 10-QSSB for the quarter ended March
31,  2000 could not be filed  within the  prescribed  time  period  because  the
Registrant  has  not  finalized  all of its  accounting  matters  due to (i) its
inability to obtain  financial  statements for all of its subsidiary  businesses
and (ii) the recent  resignation  of its  public  accoutants.  As a result,  the
financial statements of the Registrant for the quarter ended March 31, 2000 have
not yet been completed.

PART IV - OTHER INFORMATION


The earnings  statements to be included in the Registrant's  Quarterly Report on
Form 10-QSB for the quarter ended March 31, 2000 as compared to the Registrant's
Quarterly  Report on Form  10-QSB  for the  quarter  ended  March 31,  1999 will
reflect significant changes in the results of operations due to the Registrant's
purchase of assets and the acquisition of related  business  entities during the
interim  fiscal  period.  Because the  Registrant  is still  awaiting  financial
statements  from some of its  subsidiary  businesses  (including  such  acquired
business  entities),  the  extent of the  changes in the  results of  operations
cannot be quantified with any reasonable certainty at this time.




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