SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report: April 22, 1999
Lotus Pacific, Inc.
(Exact name of registrant as specified in its charter)
Delaware
State of Organization
000-24999
Commission File Number
52-1947160
Employer Identification Number
200 Centennial Avenue, Suite 201, Piscataway, New Jersey 08854
Address of Principal Executive Office
(732) 885-1750
Registrant's Telephone Number, Including Area Code
Item 5. OTHER EVENTS
On April 22, 1999, the Board of Directors of Lotus Pacific, Inc. (the
"Company") appointed senior officers and board members.
Mr. Jeremy Wang, President and Director of the Company, was appointed as
Chairman of the Board of Directors of TurboNet Communications and Arescom
Inc., 81%-owned subsidiaries of the Company.
Mr. Harold Tuan was appointed as Vice President of the Company and Board
Director of TurboNet Communications. Mr. Tuan has over 20 years of research
and development experience in digital TV system, Data-Over the Cable System,
Signal Processing and Communication Systems. Mr. Tuan is the founder of
TurboNet Communications and currently serves as its President.
Mr. Max Lu was appointed as Vice President of the Company and Board Director
of Arescom Inc. Mr. Lu has more than 11-year management, marketing and
engineering experiences in computer and communication industries. Mr. Lu was
the Vice President of Engineering and marketing in CNet. He has leaded CNet to
become the technology leader in Taiwan and to go public in December of 1995.
Before CNet, Mr. Lu was the founder and Vice President of Lanwan Technologies
in San Jose, California in 1992. His engineering experience includes working
for Cisco, Hughes, ERSO, and NEOTECH from 1983 to 1991. Mr. Lu currently
serves as President of Arescom, Inc.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of business acquired.
N/A
(b) Pro forma financial information.
N/A
(c) Exhibits
N/A
Signature
Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the registrant had duly caused this report to be signed on its behalf by
the undersigned, thereto duly authorized.
LOTUS PACIFIC, INC.
Date: April 22, 1999 By: /s/ James Yao
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James Yao, Chairman of the Board
N/A
N/A
