<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF LOTUS PACIFIC, INC. AND ITS SUBSIDIARIES
FOR THE YEAR ENDED JUNE 30, 1999, 1998 AND 1997 AND ARE QUALIFIED IT IS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                      30,779,486
<SECURITIES>                                         0
<RECEIVABLES>                               27,655,975
<ALLOWANCES>                                         0
<INVENTORY>                                  4,972,965
<CURRENT-ASSETS>                            63,983,411
<PP&E>                                       3,104,090
<DEPRECIATION>                               1,235,567
<TOTAL-ASSETS>                             207,762,804
<CURRENT-LIABILITIES>                       53,840,846
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          4
<COMMON>                                        63,466
<OTHER-SE>                                      80,000
<TOTAL-LIABILITY-AND-EQUITY>               207,762,804
<SALES>                                     42,382,795
<TOTAL-REVENUES>                            42,574,643
<CGS>                                       37,711,338
<TOTAL-COSTS>                               37,711,338
<OTHER-EXPENSES>                            12,858,790
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                            (6,921,629)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (6,921,629)
<DISCONTINUED>                               (643,658)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (7,156,687)
<EPS-BASIC>                                   (0.15)
<EPS-DILUTED>                                   (0.15)