EXHIBIT 10.11

LOTUS PACIFIC, INC.    Executive Employment Agreement

This Executive Employment Agreement ("Agreement") is made in Piscataway, NJ effective as of June 29, 2001, by and between Lotus Pacific, Inc., a
Delaware corporation (the "Company"), and YAN Yong, an individual residing in 835 Arcturus Circle, Foster City, California 94404 (the "Executive"), who hereby agree as hereinafter provided.

Section 1.Definitions.As used herein, the
following terms shall have the meanings set forth below.



Section 2.Employment and Term.The Company
hereby employs the Executive, and the Executive hereby accepts such employment by the Company, for the purposes and upon the terms and conditions contained in this Agreement.

Subject
to the provisions of Section 11 below, the term of the Executive's employment under this Agreement shall be one year commencing on the Employment Commencement Date and
ending on

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the Scheduled Employment Termination Date, which shall be automatically extended for another year if neither party will give the other party a written notice 30 days prior to the Scheduled
Employment Termination Date proposing to terminate this Agreement (the "Employment Term").

Section 3.Employment Capacity and Duties.The
Executive shall be employed initially as President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company and sometimes later during the Employment Term, subject to the Board
of Directors' decision, will be employed to hold office of one or more of the foregoing four positions at the Board of Directors' discretion. The Executive shall have the duties and responsibilities
incumbent with the positions of President, Chief Executive Officer, Chief Financial Officer and/or Secretary of the Company in consistence with the office(s) of the positions for which the Executive
will have been appointed by the Board of Directors.

Section 4.Executive Performance Covenants.The
Executive accepts the employment described in Section 3 and agrees to devote his reasonable time and efforts (except for certain limited absences due to his roles in TCL International Holdings
Limited, illness or appropriate vacations) to the business and affairs of the Company and the performance of the aforesaid duties and responsibilities.

Section 5.Compensation.The Company shall pay
to the Executive, for his services hereunder, the compensation hereinafter provided in this Section 5. Such compensation shall be paid to the Executive at the times and in the manner as
provided below.



Section 6.Reimbursement of Expenses.The
Company shall reimburse the Executive for his expenses incurred in providing services to the Company, including expenses for travel, entertainment and similar items, in accordance with the Company's
reimbursement policies as determined from time to time by the Board of Directors. If there is a dispute as to the eligibility of an expense for reimbursement in accordance with the Company's
reimbursement policies, then such expense shall be determined to be reimbursable if approved by a majority of the Board of Directors.

Section 7.Employee Benefits, Vacations.During
the Employment Term, the Executive shall receive the benefits and enjoy the perquisites described below:



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Section 9.Automobile Allowance.During the
Employment Term, the Company shall lease a new full-size or up-grade automobile for the Executive to use and maintain and insure the automobile at the Company's expense. The
terms and conditions of the Executive's use of such automobile and the extent to which the Company shall defray the costs of its operation shall be the same as those pertaining to automobiles
presently being furnished other executive and managerial personnel of the Company.

Section 10.Certain Company Protection
Provisions.

(a)Noncompetition.During the Employment Term, the Executive shall not directly or indirectly compete
with the Company by owning, controlling or participating in the ownership, affiliated or associated with, any Competitive Business in the United States. As used herein, a "Competitive Business" is any
other corporation, partnership, proprietorship, firm, association or other business entity in the United States which is engaged in any business from which the Company derives five percent or more of
its consolidated revenues during the 12 months preceding the Employment Termination Date or in which the Company has invested five percent or more of its total assets as of the time in
question, provided, however, that ownership of not more than five percent of the stock of any publicly traded company shall not be deemed a violation of this provision.

(b)Non-Interference.During the Employment Term, the Executive shall not induce or solicit
any employee of the Company or any person doing business with the Company to terminate his or her employment or business relationship with the Company or otherwise interfere with any such
relationship.

(c)Confidentiality.The Executive agrees and acknowledges that, by reason of the nature of his duties
as an officer and employee, he will have or may have access to and become informed of confidential and secret information which is a competitive asset of the Company ("Confidential Information"),
including any lists of customers, financial statistics, research data or operation plans. The Executive agrees to keep in confidence, and not to make known, divulge, reveal, furnish, make available or
use (except for use in the regular course of his employment duties) any such Confidential Information. The Executive acknowledges that all manuals, instruction books, price lists, information and
records relating to the Company's business, and any and all other documents containing Confidential Information furnished to the Executive by the Company or otherwise acquired or developed by the
Executive, shall at all times be the property of the Company. Upon termination of the Employment Term, the Executive shall return to the Company any such property or documents which are in his
possession, custody or control, but his obligation of confidentiality shall survive such termination of the Employment Term until and unless any such Confidential Information shall have become,
through no fault of the Executive, generally known to the trade.

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Section 11.Termination of Employment.

(a)Notice of Termination; Employment Termination Date.



(b)Termination for Cause.



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(c)Termination for Disability.The Company may terminate the Executive's employment because of the
Disability of the Executive and thereafter shall pay to the Executive (or his successors) (1) his unpaid Base Compensation through the third full month following the Employment Termination Date
at his then effective Base Compensation rate, plus (2) an amount equal to a pro-rata portion of any bonus calcaulated through the third full month folowing the Employment
Termination Date as thought all of such six month period were part of the Fiscal Year in hich occurred the Employment Termination Date, plus (3) the relocation and moving expenses as specified
in Section 7(c) above. In addition, the Executive shall be entitled to the amounts and benefits specified in Paragraph (2) of Section 11(f) of this Agreement.

(d)Termination Upon Executive's Death.In the event of the Executive's death, the Company shall pay to
the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at the then effective Base Compensation rate plus (2) an amount equal to the
pro-rata portion of any bonus calculated with respect to the Fiscal Year in which the death occurs plus (3) the relocation and moving expenses as specified in Section 7(c)
above.

(e)Termination of Employment by the Executive.



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(f)Compensation Upon Certain Termination.





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(g)Compensation Upon Disability.During any period that the Executive fails to perform his duties
hereunder as a result of incapacity due to physical or mental illness, he shall continue to receive his full Base Compensation at the rate then in effect and his full bonus accrued; all until this
Agreement is terminated pursuant to Section 11(c) hereof. Thereafter, his benefits shall be determined in accordance with the Company's Benefit Plans.

Section 12.Indemnification.The Company shall,
to the maximum extent permitted by law, indemnify and hold the Executive harmless for any acts or decisions made in good faith while performing services for the Company. To the same extent, the
Company shall pay, and subject to any legal limitations, advance all expenses, including reasonable attorney fees, reasonably incurred by the Executive in connection with the defense of any action,
suit or proceeding and in connection with any appeal, which has been brought against the Executive by reason of his service as an officer and/or director of the Company.

Section 13.Company-Provided Indemnity
Insurance.The Company shall use its best efforts to obtain coverage for the Executive under a liability insurance policy or policies for the Executive during
the entire Employment Term.

Section 14.Arbitration.Any dispute or
controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in California in accordance with the rules of the American Arbitration Association then in
effect; provided that all arbitration expenses shall be borne by the Company. Notwithstanding the pendency of any dispute or controversy concerning termination or the effects thereof, the Company will
continue to pay the Executive his full compensation in effect immediately before any Notice of Termination giving rise to the dispute was given (including, but not limited to, Base Compensation and
bonus accrued) and continue him as a participant in all compensation, benefit and insurance plans in which he was then participating, until the dispute is finally resolved. Judgment may be entered on
the arbitrators' award in any court having jurisdiction; provided, however, that the Executive shall be entitled to seek specific performance of his right to be paid until the Employment Termination
Date during the pendency of any dispute or controversy arising under or in connection with this Agreement.

Section 15.Successors and Assigns.Except as
hereinafter expressly provided, the agreements, covenants, terms and provisions of this Agreement shall bind the respective heirs, executors, administrators, successors and assigns of the parties.
Specifically, and not by way of limitation of the foregoing, the Executive shall be bound by the terms and conditions of this Agreement to any successor assignee of the Company's rights and
obligations hereunder as a result of any merger, consolidation or sale or lease of all or substantially all of the Company's business and assets. If any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company fails, concurrently with the effectiveness of any such succession, to agree
in writing in form and substance reasonably satisfactory to the Executive expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession had taken place, then the Executive shall have the right, effected by notice to such successor not later than 90 days after the effectiveness of such
succession, to terminate the Employment Term under Section 11(e) as though such failure was an uncured breach by the Company of a material covenant or agreement of the Company contained in this
Agreement.

If
the Executive should die while any amounts are payable to him hereunder, or if by reason of his death payments are to be made to him hereunder, then this Agreement shall inure to
the benefit of and be enforceable by the Executive's executors, administrators, heirs, distributees, devisees and

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legatees and all amounts payable hereunder shall then be paid in accordance with the terms of this Agreement to the Executive's devisee, legatee or other designee or, if there is no such designee, to
his estate.

This
Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations
hereunder, except as hereinbefore provided in this Section 15. Without limiting the foregoing, the Executive's right to receive payments hereunder shall not be assignable or transferable,
whether by pledge, creation of a security interest or otherwise, other than a transfer by his will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer
contrary to this paragraph the Company shall have no liability to pay to the purported assignee or transferee any amount so attempted to be assigned or transferred.

Section 16.Notices.Any notice or other
communication required or desired to be given hereunder shall be in writing and shall be deemed sufficiently given when personally delivered or when mailed by first class certified mail, return
receipt requested and postage prepaid, addressed to the parties at their respective addresses set forth under their respective signatures below or such other person or addresses as shall be given by
notice of any party.

Section 17.Waiver; Remedies Cumulative.No
waiver of any right or option hereunder by any party shall operate as a waiver of any other right or option, or the same right or option as respects any subsequent occasion for its exercise, or of any
legal remedy. No waiver by any party of any breach of this Agreement or of any agreement or covenant contained herein shall be held to constitute a waiver of any other breach or a continuation of the
same breach. All remedies provided by this Agreement are in addition to all other remedies by it or the law provided.

Section 18.Governing Law; Severability.This
Agreement is made and is expected to be performed in California, and the various terms, provisions, covenants and agreements, and the performance thereof, shall be construed, interpreted and enforced
under and with reference to the laws of the State of
California. It is the intention of the Company and the Executive to comply fully with all laws and matters of public policy relating to employment agreements and restrictive covenants, and this
Agreement shall be construed consistently with such laws and public policy to the extent possible. If and to the extent any one or more covenants, agreements, terms and provisions of this Agreement or
any portion or portions thereof shall be held invalid or unenforceable by a court of competent jurisdiction, then such covenants, agreements, terms and provisions (or portions thereof) shall be deemed
separable from the remaining covenants, agreements, terms and provisions of this Agreement and such holding shall in no way affect the validity or enforceability of any of the other covenants,
agreements, terms and provisions hereof.

Section 19.Miscellaneous.This Agreement
constitutes the entire understanding of the parties hereto with respect to the subject matter hereof. This Agreement may not be modified, changed or amended except in a writing signed by each of the
parties hereto. This Agreement may be signed in multiple counterparts, each of which shall be deemed an original hereof. The captions of the several sections and subsections of this Agreement are not
a part of the context hereof, are inserted only for convenience in locating such sections and subsections and shall be ignored in construing this Agreement.

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IN WITNESS WHEREOF, the Company and the Executive have executed two counterparts of this Agreement.

|Company:            |  | Executive:    
|------------------- |  | --------------
|Lotus Pacific, Inc. |  |               
|By:                 |  | /s/           
|                    |  |               
|Name:               |  | Stacey Q. Sun 
|Title:              |  | Vice President

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