Lotus Enters Management Team Integration With Alvogen. Petar Vazharov Steps Up As Lotus General Manager

Lotus Pharmaceutical Co., Ltd (“Lotus” or “the Company”, Taiwan OTC ticker: 1795) resolved through its board meeting last night several management appointments as it enters management team integration with Alvogen. Effective immediately, Lotus Vice Chairman Petar Vazharov is appointed General Manager of the Company as he continues to lead the APAC team and build a top 5 pharma in the region. Other appointments include Country Manager Stanley Gu and Strategies and Finance Vice President Bjartur Shen.

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