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

                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998             JUN-30-1997
<PERIOD-END>                               JUN-30-1998             JUN-30-1997
<CASH>                                       3,262,929                 357,212
<SECURITIES>                                         0                       0
<RECEIVABLES>                                7,157,831                 692,215
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                            11,181,055               1,051,781
<PP&E>                                       1,361,049               1,569,065
<DEPRECIATION>                                 349,460                  27,254
<TOTAL-ASSETS>                              45,454,833               8,404,066
<CURRENT-LIABILITIES>                        3,010,544                 169,641
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          4                       4
<COMMON>                                        47,387                  40,737
<OTHER-SE>                                      80,000                       0
<TOTAL-LIABILITY-AND-EQUITY>                45,454,833               8,404,066
<SALES>                                     16,698,371               1,990,481
<TOTAL-REVENUES>                            18,534,772               2,403,310
<CGS>                                       13,101,600               1,776,763
<TOTAL-COSTS>                               13,101,600               1,776,763
<OTHER-EXPENSES>                             8,334,221                 363,757
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                              46,259                       0
<INCOME-PRETAX>                            (2,947,308)                 262,790
<INCOME-TAX>                                  (80,714)                 123,842
<INCOME-CONTINUING>                        (2,648,865)                 221,133
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                               (2,648,865)                 221,133
<EPS-BASIC>                                   (0.06)                    0.01
<EPS-DILUTED>                                   (0.06)                    0.00