Lotus Bio-Technology Development Corp. accepted the resignation of  Michael Palethorpe  on February 10, 2017, effective immediately resigning his position on the Board of Directors of Lotus Bio Development Technology Corp Inc. and his positions as the sole officer, including Principal executive officer and principal financial officer. Mr. Palethorpe’s resignation was not related to any matter relating to the Registrant’s operations, policies or practices. Effective February 10, 2017, the Board of Directors of the company appointed Zoltan Nagy to the Board of Directors and as sole officer, including principal executive officer and principal financial officer. Mr. Nagy will serve on the board until the next annual shareholders meeting. Mr. Nagy was the former President and looks forward to returning to the company.  He brings a vast array of experience and ground breaking success in both public and private companies.