Article: Lotus Pacific Announces New Board of Directors and Management Team.

Business Editors

PISCATAWAY, N.J.--(BUSINESS WIRE)--July 2, 2001

Lotus Pacific, Inc. (OTCBB:LPFC) announced that a new Board of Directors and management team has been elected and appointed as of Friday, June 29, 2001, replacing the prior Board and management. The new Board was elected by the written consent of the Lotus Pacific stockholders.

Li Dong Sheng has been elected Chairman of the Board of Directors. He is also Chairman of the Board of Directors and President of TCL Holdings Co., Ltd., a People's Republic of China investment and holdings company; Chairman of the Board of Directors of TCL International Holdings, Ltd., a Hong Kong publicly ...

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