4 1 d4.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP /------------------------------/ / OMB APPROVAL / /------------------------------/ / OMB Number: 3235-0287 / / Expires: December 31, 2001 / / Estimated average burden / / hours per response...... 0.5 / /------------------------------/ +--------+ | 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) -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* T.C.L. Industries Holdings (H.K.)Ltd. (See attachment for additional reporting persons) -------------------------------------------------------------------------------- (Last) (First) (Middle) RM 1102, 11/F Chinachem Tsuen Wan Plaza 457 Castle Peak Road -------------------------------------------------------------------------------- (Street) Tsuen Wang, New Territories, Hong Kong, China -------------------------------------------------------------------------------- (City) (State) (Zip) * If the Form is filed by more than one Reporting Person, see Instructions 4(b)(v) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Lotus Pacific, Inc. LPFC.OB ----------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ------------------------ 4. Statement for Month/Year September 2001 --------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) --------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ___ Director ___ Officer X 10% Owner ___ Other --- (give title below) (specify below) ---------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) ____ Form filed by One Reporting Person X Form filed by More than One Reporting Person --- Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

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)

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 -------------------------------------------- Name of Issuer: Lotus Pacific, Inc. LPFC.OB ------------------------------------- Statement for Month/Year: September 2001 ------------------- 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): ----------------------------------------------------------- (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: ------------------------------ HUIZHOU MUNICIPAL GOVERNMENT TCL HOLDINGS CO., LTD By: /s/ Li Dong Sheng By: /s/ Li Dong Sheng ----------------- ----------------- Page 3 of 3

TCL INDUSTRIES HOLDINGS HK LTD 4