<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
ESS Technology, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
269151-10-6
--------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 269151-10-6 13G PAGE 1 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ANNIE M.H. CHAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X] *
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
11,289,902
NUMBER OF
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 11,289,902
PERSON
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,439,902
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.02% BASED ON 40,669,242 TOTAL SHARES OUTSTANDING AS OF DECEMBER 31, 1997
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12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
* Mrs. Annie M.H. Chan and Mr. Fred S.L. Chan are married to each other.
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 269151-10-6 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRED S.L. CHAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X] *
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
150,000
NUMBER OF
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 150,000
PERSON
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8 SHARED DISPOSITIVE POWER
WITH
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,439,902
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.02% BASED ON 40,669,242 TOTAL SHARES OUTSTANDING AS OF DECEMBER 31, 1997
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*Mr. Fred S.L. Chan and Mrs. Annie M.H. Chan are married to each other.
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 269151-10-06 13G PAGE 3 OF 5 PAGES
ITEM 1(a). NAME OF ISSUER:
ESS Technology, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
48401 Fremont Blvd., Fremont, CA 94538
ITEM 2(a). NAME OF PERSON FILING:
(1) Annie M.H. Chan
(2) Fred S.L. Chan
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
48401 Fremont Blvd., Fremont, CA 94538
ITEM 2(c). CITIZENSHIP:
U.S.A.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
269151-10-6
ITEM 3. STATUS OF PERSON FILING:
NOT APPLICABLE
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED:
(1) AMOUNT BENEFICIALLY OWNED BY MRS. CHAN: 11,439,902 (This number
includes 150,000 shares issuable upon exercise of options held
by Mrs. Chan's spouse on or before March 1, 1998)
(2) AMOUNT BENEFICIALLY OWNED BY MR. CHAN: 11,439,902 (This number
includes shares held by his spouse, Mrs. Chan)
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CUSIP 269151-10-6 13G PAGE 4 OF 5 PAGES
(b) PERCENT OF CLASS: (based on 40,669,242 shares outstanding as of
December 31, 1997)
(1) Percent of Class Beneficially Owned by Mrs. Chan: 28.02%
(2) Percent of Class Beneficially Owned by Mr. Chan: 28.02%
(c)(1) THE NUMBER OF SHARES AS TO WHICH MRS. CHAN HAS:
(i) sole power to vote or direct the vote:
<TABLE>
<S> <C>
Directly owned: 900,000
Owned through Annie M.H. Chan Living Trust: 10,388,652
Options held by Mrs. Chan that are exercisable by March 1, 1998: 1,250
Total: 11,289,902 shares
</TABLE>
(ii) shared power to a vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
<TABLE>
<S> <C>
Directly owned: 900,000
Owned through Annie M.H. Chan Living Trust: 10,388,652
Options held by Mrs. Chan that are exercisable by March 1, 1998: 1,250
Total: 11,289,902 shares
</TABLE>
(iv) shared power to dispose or to direct the disposition of:
-0-
(c)(2) THE NUMBER OF SHARES AS TO WHICH MR. CHAN HAS:
(i) sole power to vote or direct the vote: 150,000 (Options
held by Mr. Chan that are exercisable by March 1, 1998)
(ii) shared power to a vote or to direct the vote -0-
(iii) sole power to dispose or to direct the disposition of:
150,000 (Options held by Mr. Chan that are exercisable
by March 1, 1998)
(iv) shared power to dispose or to direct the disposition of:
-0-
ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS.
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON.
See description of ownership described in Item 4
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable
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CUSIP NO. 269151-10-6 13G PAGE 5 OF 5 PAGES
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
dated: February 11, 1998
/s/ Annie M.H. Chan
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Annie M.H. Chan
/s/ Fred S. L. Chan
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Fred S.L. Chan
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
