SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 28, 1997
LOTUS PACIFIC, INC.
(Exact name of registrant as specified in its charter)
Delaware
State of organization
33-3272-W
Commission File Number
52-1947160
I.R.S. Employer Identification Number
200 Centennial Avenue, Suite 201, Piscataway, New Jersey 08854
Address of principal executive offices
(908) 885-1970
Registrant's telephone number, including area code
Item 1. Change in Control of Registrant
Effective January 28, 1997, the registrant elected
new directors and officers. Newly elected officers
and directors of the registrant are as outlined below.
Name Position
James Yao Chairman, President and Director
James Liu Vice President and Director
David Leung Vice President and Director
Cheng Wang Director
Gu Huang Secretary and Treasurer
James Yao, 43, is President of Yao Investment
Corp. He currently serves as Chairman and President
of Lotus International Holdings Corp. He was
President of Shanghai Haohua Garment Co., Ltd.
between 1980 and 1985. He graduated from
Miya Gawa University in Tokyo, Japan, majoring
in garment.
James Liu, 42, is president of JBL International
Inc. in New York. He is a director of Lotus
International Holdings Corp. He was a manager
in charge of international trade in Jiangsu
Provincial Government between 1983 and 1990.
He graduated from Nanjing University majoring
in mathematics and held a B.A. degree.
David Leung, 51, is General Manager of
Shenzheng New Technology Development Co., Ltd.
in Shenzheng, China. He is a director of
Lotus International Holdings Corp. He
was a research fellow at Electronics Research
Institute in Guangzhou, China Academy of Science
between 1984 and 1992. He graduated from
Beijing Institute of Technology majoring
in engineering.
Cheng Wang, 28, is Vice President of Yao Investment
Corp. and a director of Lotus International
Holdings Corp. She was a lecturer in Shanghai
School of Telecommunication between 1970 and
1983. She graduated from Shanghai Teachers
Normal University majoring in Chinese.
Gu Huang, 41, is a Financial Analyst in
Rightiming Electronics Corp. He was a
financial analyst in China Finance and
Investment Corp. between 1992 and 1994.
He was a research fellow at Economics
Research Institute, Beijing of China
Academy of Social Sciences. He graduated
from university of New Haven, Connecticut
with an MBA in 1992 and graduated from
Economics Department, Yale University with an
MA in economics in 1987.
The change in control of the registrant was a result
of change in control relationship in Lotus
international Holdings Corp., which owns
25,000,000 shares of common and 43,000 shares
of Series A preferred Stock of the registrant.
The newly elected officers and directors of
the registrant are deemed to beneficially
own Lotus Pacific, Inc. because they are
affiliated to Lotus International holdings Corp.
The resignation of the outgoing officers and
directors, namely Shuren Lu, Mutao Xiong,
Jiayin Lu, Yeechin Shiong and Tom Gong are
effective the same date upon the persons
above taking office.
Signatures
Pursuant to the requirements of Securities Exchange
Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereto duly authorized.
Lotus Pacific, Inc.
/s/
By: James Yao, President and Director
Date: January 28, 1997
