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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-26232
NOTIFICATION OF LATE FILING
(CHECK ONE): /X/Form 10-K / /Form 11-K / /Form 20-F / /Form 10-Q / /Form N-SAR
For Period Ended: DECEMBER 31, 1996 (10-KSB)
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/ / Transition Report on Form 10-K
/ / Transition Report on Form 20-F
/ / Transition Report on Form 11-K
/ / Transition Report on Form 10-Q
/ / Transition Report on Form N-SAR
For the Transition Period Ended:
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READ ATTACHED INSTRUCTION SHEET 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 CHINA PACIFIC, INC.
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Former name if applicable
NOT APPLICABLE
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Address of principal executive office (STREET AND NUMBER)
ROOM 2008 SUN HUNG KAI CENTRE, 30 HARBOUR RD.
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City, state and zip code WANCHAI HK
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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 appropriate box.)
/X/ (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
/X/ (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the 15th calendar day following
the prescribed due date; or the subject quarterly report or
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
/X/ (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
SEE ATTACHMENT A
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Form 12b-25 Forms 6984
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
MATTHEW ANDERSON OR TIM HOXIE (415) 772 6000
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(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,
identify report(s).
/X/ Yes / / No
(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 included in the subject report or portion
thereof?
/ / Yes /X/ No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
CHINA PACIFIC, INC.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date 3/25/97 By /s/ MAK SHUI TONG, CLEMENT
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MAK SHUI TONG, CLEMENT,
PRESIDENT
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Attachment A
Part III
NARRATIVE
China Pacific, Inc. (the "Company") is unable to file its Form 10-KSB on or
before the required date, March 31, 1997 (the "Required Date"), because one
of the Company's subsidiaries was not able to provide financial information
for the year ended December 31, 1996 to its accountants, Arthur Andersen &
Co., in time for audited financial statements to be prepared prior to the
Required Date.
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ARTHUR
ANDERSEN
March 24, 1997
Mr. Clement Mak Arthur Andersen & Co.
Chairman and Managing Director Certified Public Accountants
China Pacific Inc. 25/F Wing On Centre
Room 2008, Sun Hung Kai Centre III Connaught Road Central
30 Harbour Road Hong Kong
Wanchai 852 2852 0222
Hong Kong 852 2815 0548 fax
Direct Fax:
Dear Mr. Mak:
I refer to our earlier conversation. I would like to inform you
that it is unlikely for us to complete our audit of the financial
statements of China Pacific Inc. (the "Company") as of December 31,
1996 before March 31, 1997. As you are aware, we are still awaiting
some information from one of the Company's subsidiaries. We will
finalize our audit and issue our auditors' report without delay once
we have those information. If you need further clarification, please
let us know.
Very truly yours,
/s/ Arthur Andersen & Co.
