UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~November~~December 1131, 2011

LOTUS PHARMACEUTICALS, INC.

(Exact name of registrant as specified in its charter)

Nevada	001-32581	20-0507918
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

16 Cheng Zhuang Road, Feng Tai District, Beijing 100071 People’s Republic of China	N/A
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code

86-10-63899868

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 21.0201 ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

On ~~November~~December 1131, 2011, Liang Fang Pharmaceuticals Co., Ltd. (“Liang Fang”), an affiliate of Lotus Pharmaceuticals, Inc. (the “Company”) ~~issued~~that is deemed a ~~press~~“variable ~~release~~interest ~~announced~~entity” ~~its~~of ~~financial~~the ~~results~~Company pursuant to contractual arrangements, entered into a business transfer agreement (the “Transfer Agreement”) with Meng Xin Vegetable Product Co., Ltd. (“Meng Xin”). Pursuant to the Transfer Agreement, Liang Fang transferred all of the assets (including land use right for the ~~period~~1000 ~~ended~~Mu ~~September~~(approximately 30165 acres) land in Inner Mongolia) and associated liabilities of Liang Fang Inner Mongolia branch company, ~~2011~~Beijing Feng Tai Drug Store, Beijing Yong An Zhong Sheng Drug Store, and ~~certain~~Beijing ~~other~~He ~~information~~Ping Li Drug Store, to Meng Xin. AThe ~~copy~~assets oftransferred pursuant to the ~~Company’s~~Transfer ~~press~~Agreement, ~~release~~valued ~~announcing~~at ~~these~~approximately ~~financial~~$52.6 ~~results~~million, include the entire 1000 Mu land and ~~certain~~buildings ~~other~~thereon ~~information~~(valued isat ~~attached~~approximately ~~hereto~~$44.5 million), approximately $7.3 million of accounts receivable, and three retail drug stores in Beijing (Feng Tai store, Yong An Zhong Sheng store, and He Ping Li store). The liabilities, also valued at approximately $52.6 million, include all taxes and late payment fees payable, land use taxes and compensation payable to farmers which are collected retroactively, unpaid utilities and sewage, as ~~Exhibit~~well 99as management fees payable to the local government.1 No cash payment was made by any party pursuant to the Transfer Agreement.

InItem ~~accordance with General Instruction B.~~2 ~~of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99~~.1,01 ~~shall~~Completion ~~not be deemed to be “filed” for purposes~~ of ~~Section~~Acquisition ~~18 of the Securities Exchange Act of 1934, as amended,~~ or ~~otherwise~~Disposition ~~subject to the liabilities~~ of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filingAssets.

See Item 1.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

(b)	Pro forma financial information. The required pro forma financial information will be filed no later than 68 calendar days after the date of the filing of this report on Form 8-K.

(d)	Exhibits

Exhibit No. Description

Exhibit No.	Description

10.1	Business Transfer Agreement between Liang Fang and Meng Xin

99.1 Press Release, dated November 11, 2011

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LOTUS PHARMACEUTICALS, INC. Date: ~~November~~January 169, ~~2011~~2012 By: /s/ Liu ZhongyiName: Liu ZhongyiTitle: Chairman and Chief Executive Officer

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