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| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
T.C.L. Industries Holdings (H.K.)Ltd.
(See attachment for additional reporting persons)
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(Last) (First) (Middle)
RM 1102, 11/F Chinachem Tsuen Wan Plaza
457 Castle Peak Road
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(Street)
Tsuen Wang, New Territories, Hong Kong, China
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(City) (State) (Zip)
* If the Form is filed by more than one Reporting Person, see Instructions
4(b)(v)
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2. Issuer Name and Ticker or Trading Symbol Lotus Pacific, Inc. LPFC.OB
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
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4. Statement for Month/Year September 2001
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
___ Director ___ Officer X 10% Owner ___ Other
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(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
____ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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Common Stock 9/18/01 P 12,000,000 A (a) 21,606,671 (b) (c)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Page 1 of 3
FORM 4 (continued)
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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N/A N/A N/A N/A N/A N/A N/A
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Security: ficial
(Instr. ficially Direct(D) or Owner-
-------------------------------------------- 5) Owned Indirect (I) ship
Date Expira- Amount or at End (Instr.
Exer- tion Title Number of of 4)
cisable Date Shares Month
(Instr. 4) (Instr. 4)
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N/A N/A N/A N/A N/A N/A N/A N/A N/A
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Explanation of Responses:
(a), (b) and (c) - Please see Attachment for explanation of responses.
(d) Please see Attachment for additional signatures of reporting persons.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
T.C.L. INDUSTRIES HOLDINGS (H.K.) LTD.
By: /s/ Li Dong Sheng October 9, 2001
-------------------------------------- ---------------
**Signature of Reporting Person (d) Date
Page 2 of 3
Name of Reporting Person: T.C.L. Industries Holdings (H.K.) Ltd
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Name of Issuer: Lotus Pacific, Inc. LPFC.OB
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Statement for Month/Year: September 2001
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1. Additional Reporting Persons:
----------------------------
Huizhou Municipal Government
6 Yun Shan Xi Lu
North of River
Huizhou, Guangdong, PRC
TCL Holdings Co., Ltd.
No. 6 Er Ling Nan Lu
Huizhou, Guangdong, PRC
Table I, Column 4 (Price):
-------------------------
(a) The securities were transferred to Lotus International Holdings Ltd (LIHL),
a wholly owned subsidiary of T.C.L. Industries Holdings (H.K.) Limited
("TCL"), in order to compensate TCL for losses it incurred from a share
swap between TCL and certain shareholders of the issuer in July 1999.
Accordingly, neither LIHL nor TCL paid any cash consideration or other form
of consideration for the securities.
Table I, Column 6 (Ownership Form: Direct (D) or Indirect (I)):
--------------------------------------------------------------
(b) For TCL, ownership of the securities reported in column 5 is 9,606,671 (D)
and 12,000,000 (I)
For TCL Holdings Co., Ltd., ownership of the securities reported in column
5 is (I).
For Huizhou Municipal Government, ownership of the securities reported in
column 5 is (I).
Table I, Column 7 (Nature of Indirect Beneficial Ownership):
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(c) For TCL, nature of indirect beneficial ownership is by Lotus International
Holdings Ltd., a wholly owned subsidiary of TCL.
For TCL Holdings Co., Ltd, nature of indirect beneficial ownership is by
its wholly owned subsidiary, TCL.
For Huizhou Municipal Government, nature of indirect beneficial ownership
is by a company controlled by it, TCL Holdings Co., Ltd.
Signature of Reporting Persons:
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HUIZHOU MUNICIPAL GOVERNMENT TCL HOLDINGS CO., LTD
By: /s/ Li Dong Sheng By: /s/ Li Dong Sheng
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