UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
Commission File Number 000-24999
NOTIFICATION OF LATE FILING
(Check One):
( ) Form 10-K ( ) Form 11-K ( ) Form 20-F (X) Form 10-Q ( ) Form N-SAR
For the Period Ended: September 30, 1999
( ) 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: _______________________________________
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:
_________________________________________________________________________
_________________________________________________________________________
PART I
REGISTRANT INFORMATION
LOTUS PACIFIC, INC.
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Full Name of Registrant
200 Centennial Avenue, Suite 201
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Address of Principal Executive Office (Street and Number)
Piscataway, New Jersey 08854
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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 appropriate box)
( ) (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, 20-F, 11-K or 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
( ) (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 or portion thereof, could not be filed within
the prescribed time period.
Additional time is needed to prepare a complete and accurate report because one
of the Company's subsidiaries needed more time to reconcile inventory and
complete the calculation of deferred compensation. The "management's Discussion
and Analysis" Section of the report needs to be finalized based on the financial
information of the Company's subsidiaries. The report will be filed as soon as
possible and no later than the fifth day following its original due date.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Mr. Jeremy Wang
Lotus Pacific, Inc.
200 Centennial Avenue, Suite 201
Piscataway, New Jersey 08854 (732) 885-0100
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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
(2) Is it anticipated that any significant change in results of operation for
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 ?
(X) Yes ( ) 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.
NARRATIVE
During the three-month period ended September 30, 2000, the Company's revenues
were $99.9 million as compared to revenues for the corresponding three-month
period ended September 30, 1999 of $11.2 million. The change represented
increase of $88.4 million, or 790%, for the quarter ended September 30, 2000
over the same quarter of the previous year.
Lotus 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
hereunto duly authorized.
Date: September 13, 2000 By /s/Jeremy Wang
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Jeremy Wang, President
