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PISCATAWAY, N.J.--(BUSINESS WIRE)--July 18, 1997 Lotus Pacific, Inc., a
public company listed on NASDAQ Bulletin Board, announced today its
strategic alliance, through its direct subsidiary Regent Electronics
Corporation, with the largest TV manufacturer in China, Sichuan Changhong
Electronics Group Corporation of China.
According to the signed co-operation agreement, Sichuan Changhong will
produce over 200,000 units of Wonder TV A6000 in China before the end of
1998. Regent has complete product technical license and patent and it will
supply product specific chip set and other key components to Sichuan
Changhong. Wonder TV A6000 is now highly valued by industry experts as a
true TV ready wonder box which combines all the useful functions of a
multi-media computer, a fax machine, a karaoke, an Internet box (like
WebTV) and a game machine.
Sichuan Changhong Electronics Group Corporation, a public company listed in
the Central Chinese Stock Exchange, is now No.1 in China and the 8th
largest TV manufacturer in the world. In 1996 it produced and sold over 5
million television sets.
Lotus Pacific, Inc. is a public company traded on the NASDAQ bulletin
board under the symbol of LPFC. Its Internet website is at
http://www.lpfc.com. (See also: http://www.businesswire.com)