================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                          -----------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                         Date of Report: March 30, 2005

                        (Date of earliest event reported)

                          ----------------------------

                      CENTURY PACIFIC FINANCIAL CORPORATION
               (Exact name of registrant as specified in charter)

                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)

       0-16075                                            86-0449546
(Commission File Number)                       (IRS Employer Identification No.)

                         936A Beachland Boulevard, Suite
                                       13
                              Vero Beach, FL 32963
                         (Address of Principal Executive
                              Offices and zip code)

                                 (772) 231-7544
                             (Registrant's telephone
                                               number, including area code)

                                       n/a

          (Former Name or Former Address, if Changed Since Last Report)

================================================================================

<PAGE>

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

      Information  included  in  this  Form  8-K  may  contain   forward-looking
statements  within the meaning of Section 27A of the  Securities Act and Section
21E of the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act").
This  information may involve known and unknown risks,  uncertainties  and other
factors  which  may  cause  the  Company's   actual   results,   performance  or
achievements  to be materially  different  from future  results,  performance or
achievements   expressed   or   implied  by  any   forward-looking   statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations,  are generally identifiable by use of
the  words  "may,"  "will,"  "should,"   "expect,"   "anticipate,"   "estimate,"
"believe,"  "intend"  or  "project"  or the  negative  of  these  words or other
variations  on these  words or  comparable  terminology.  These  forward-looking
statements are based on assumptions  that may be incorrect,  and there can be no
assurance that these projections  included in these  forward-looking  statements
will come to pass.  Actual results could differ  materially from those expressed
or implied by the  forward-looking  statements  as a result of various  factors.
Except as required by applicable  laws,  Century Pacific  Financial  Corporation
(the "Company")  undertakes no obligation to update publicly any forward-looking
statements for any reason,  even if new information  becomes  available or other
events occur in the future.

Item 8.01  Other Events

      On March 30, 2005,  Century Pacific Financial  Corporation  entered into a
Letter of Intent to acquire Town House Land Limited  ("Town  House"),  a private
limited  liability  company  organized  under the laws of the Hong Kong  Special
Administrative  Region in The People's Republic of China (the "PRC").  Under the
transactions  contemplated  under the Letter of Intent, the Company will acquire
all of the  outstanding  capital stock of Town House from Town House's  existing
stockholders  and the  holders  of  capital  stock to be issued by Town House in
connection  with a private  placement  capital  raise  ("Capital  Raise")  to be
completed  simultaneous with the closing of the acquisition  (collectively,  the
"Town House  Stockholders").  In the exchange,  the Company will issue shares of
its  common  stock to the Town  House  Stockholders  (including  the  holders of
capital  stock to be  issued  in the  Capital  Raise),  in such  amount so that,
immediately after giving effect to the acquisition,  the Town House Stockholders
will own in the aggregate 92.0% of the Company's  issued and outstanding  shares
of common stock on a fully diluted basis. At the close of the transaction, it is
contemplated  that a new board of directors will be designated by the Town House
Stockholders.  After the payment of certain  transaction related fees (including
the issuance of the Company's common stock to certain finders and advisors), the
current  stockholders of the Company are expected to own  approximately  8.0% of
the issued and outstanding common stock after completion of the transaction with
Town House, on a fully diluted basis.

      The  completion  of the  acquisition  is  subject to the  negotiation  and
execution  of a  definitive  acquisition  agreement,  the  delivery of financial
statements  of  Town  House  prepared  in  accordance  with  generally  accepted
accounting  principles in the United States of America,  and the approval of the
acquisition by the Company's board of directors. The acquisition is also subject
to Town  House's  completion  of a  Capital  Raise in an  amount  not less  than
$5,000,000.  Subject  to the  satisfaction  of the  above  conditions  and other
customary  conditions,  the  acquisition  is presently  expected to close in the
second quarter of 2005. However, there can be no assurances that the acquisition
will be completed.

<PAGE>

About the Company

      The Company is currently a public  "shell"  company  with  nominal  assets
whose sole  business has been to  identify,  evaluate  and  investigate  various
companies with the intent that, if such investigation warrants, a reverse merger
transaction  be  negotiated  and  completed  pursuant to which the Company would
acquire  a  target  company  with an  operating  business  with  the  intent  of
continuing the acquired company's business as a publicly held entity.

About Town House

      The  principal  business  operations  of Town House are  conducted  by and
through  its 97% owned  subsidiary,  Wuhan Town Land  Limited  (formerly:  Wuhan
Pacific  Industry  Development  Co.,  Limited).  Town  House is one of the first
privately  owned  property  developers  in Wuhan City and is one of the  largest
property  developers  in  Wuhan  City,  based  on a  list  of top  100  property
development  enterprises in Wuhan City in terms of Gross Floor Area ("GFA") sold
in 2002 published by the Wuhan Statistics Bureau. It engages  principally in the
design,  construction and sale of luxury apartment  buildings and  multi-purpose
buildings in the City of Wuhan in the PRC. The apartments are primarily held for
sale to middle  income  to upper  level  income  customers.  Certain  properties
developed by Town House are  multi-purpose  properties  that also include retail
and commercial floors on the lower levels of the buildings.

      Town House's  present  portfolio of developed  properties  and  properties
under  development  are  located  primarily  in Wuhan City and target  different
segments  within the mass  residential  property  market,  including young white
collar  employees,  middle to senior managers in enterprises,  entrepreneurs and
families  with young  children.  These  upwardly  mobile  people  represent  the
emerging  middle  class in Wuhan City and are a growing  source of demand in the
mass residential property market.

      As of December 31, 2004,  Town House reports that it has equity  interests
in two property  development  projects in Wuhan City, with an approximate GFA of
57,517 square meters and an aggregate  site area of  approximately  8,991 square
meters.  Town House has obtained land use rights certificates in respect of each
of these two property development projects.

      In addition,  Town House has not yet obtained land use rights certificates
in respect of, but has interest in and plans to develop a further five  projects
in Wuhan City. Since the relevant land use rights certificates have not yet been
issued or obtained,  no commercial  value has been assigned to any of these five
additional  projects or in the  calculation  of its adjusted net tangible  asset
value.

      Town House aims to further expand its position in Wuhan City, and plans to
also  expand  its focus on  property  business  in  Shanghai.  Town  House  also
indicates  that it will  pursue  quality  business  opportunities  in other fast
growing cities in China such as Yi Chang, if market  conditions are appropriate.
Wuhan City, located in central China, has played an important role of connecting
the east with the west,  and the south  with the north in the PRC.  Wuhan  City,
with an urban  metropolitan  population of  approximately  6,800,000  residents,
ranks as the sixth  city  among the top 25  cities  in the PRC.  Located  at the
middle reaches of the Yangtze River,  Wuhan is a thoroughfare  to nine provinces
in the PRC and is a transportation  and logistics center in inland China with an
array of high-speed road, railway and river access.

<PAGE>

      After  exploratory  studies of the United States real estate market,  Town
House  recently  decided  to enter  the U.S.  real  estate  development  market,
initially  in the States of  California  and Nevada.  Town House has acquired or
obtained  options to acquire,  or is in the process of entering in agreements to
acquire or option,  undeveloped  land on three sites in Los Angeles and one site
in Las Vegas.  However,  Town House has made no commitments  with respect to the
development of these sites.


<PAGE>


                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                    Century Pacific Financial Corporation
                                    (Registrant)


Date: April 4, 2005                 By: /s/ Kevin R. Keating
                                       -----------------------------------------
                                       Kevin R. Keating, President and Secretary
{"company-data": {"conformed-name": "CENTURY PACIFIC FINANCIAL CORP", "cik": "0000791770", "assigned-sic": "6211", "irs-number": "860449546", "state-of-incorporation": "AZ", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16075", "film-number": "05731341"}, "business-address": {"street1": "1505 E. WEBER STREET", "street2": "SUITE 120", "city": "TEMPE", "state": "AZ", "zip": "85281", "phone": "480-966-6115"}}
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                          -----------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                         Date of Report: March 30, 2005

                        (Date of earliest event reported)

                          ----------------------------

                      CENTURY PACIFIC FINANCIAL CORPORATION
               (Exact name of registrant as specified in charter)

                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)

       0-16075                                            86-0449546
(Commission File Number)                       (IRS Employer Identification No.)

                         936A Beachland Boulevard, Suite
                                       13
                              Vero Beach, FL 32963
                         (Address of Principal Executive
                              Offices and zip code)

                                 (772) 231-7544
                             (Registrant's telephone
                                               number, including area code)

                                       n/a

          (Former Name or Former Address, if Changed Since Last Report)

================================================================================
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

      Information  included  in  this  Form  8-K  may  contain   forward-looking
statements  within the meaning of Section 27A of the  Securities Act and Section
21E of the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act").
This  information may involve known and unknown risks,  uncertainties  and other
factors  which  may  cause  the  Company's   actual   results,   performance  or
achievements  to be materially  different  from future  results,  performance or
achievements   expressed   or   implied  by  any   forward-looking   statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations,  are generally identifiable by use of
the  words  "may,"  "will,"  "should,"   "expect,"   "anticipate,"   "estimate,"
"believe,"  "intend"  or  "project"  or the  negative  of  these  words or other
variations  on these  words or  comparable  terminology.  These  forward-looking
statements are based on assumptions  that may be incorrect,  and there can be no
assurance that these projections  included in these  forward-looking  statements
will come to pass.  Actual results could differ  materially from those expressed
or implied by the  forward-looking  statements  as a result of various  factors.
Except as required by applicable  laws,  Century Pacific  Financial  Corporation
(the "Company")  undertakes no obligation to update publicly any forward-looking
statements for any reason,  even if new information  becomes  available or other
events occur in the future.

Item 8.01  Other Events

      On March 30, 2005,  Century Pacific Financial  Corporation  entered into a
Letter of Intent to acquire Town House Land Limited  ("Town  House"),  a private
limited  liability  company  organized  under the laws of the Hong Kong  Special
Administrative  Region in The People's Republic of China (the "PRC").  Under the
transactions  contemplated  under the Letter of Intent, the Company will acquire
all of the  outstanding  capital stock of Town House from Town House's  existing
stockholders  and the  holders  of  capital  stock to be issued by Town House in
connection  with a private  placement  capital  raise  ("Capital  Raise")  to be
completed  simultaneous with the closing of the acquisition  (collectively,  the
"Town House  Stockholders").  In the exchange,  the Company will issue shares of
its  common  stock to the Town  House  Stockholders  (including  the  holders of
capital  stock to be  issued  in the  Capital  Raise),  in such  amount so that,
immediately after giving effect to the acquisition,  the Town House Stockholders
will own in the aggregate 92.0% of the Company's  issued and outstanding  shares
of common stock on a fully diluted basis. At the close of the transaction, it is
contemplated  that a new board of directors will be designated by the Town House
Stockholders.  After the payment of certain  transaction related fees (including
the issuance of the Company's common stock to certain finders and advisors), the
current  stockholders of the Company are expected to own  approximately  8.0% of
the issued and outstanding common stock after completion of the transaction with
Town House, on a fully diluted basis.

      The  completion  of the  acquisition  is  subject to the  negotiation  and
execution  of a  definitive  acquisition  agreement,  the  delivery of financial
statements  of  Town  House  prepared  in  accordance  with  generally  accepted
accounting  principles in the United States of America,  and the approval of the
acquisition by the Company's board of directors. The acquisition is also subject
to Town  House's  completion  of a  Capital  Raise in an  amount  not less  than
$5,000,000.  Subject  to the  satisfaction  of the  above  conditions  and other
customary  conditions,  the  acquisition  is presently  expected to close in the
second quarter of 2005. However, there can be no assurances that the acquisition
will be completed.
About the Company

      The Company is currently a public  "shell"  company  with  nominal  assets
whose sole  business has been to  identify,  evaluate  and  investigate  various
companies with the intent that, if such investigation warrants, a reverse merger
transaction  be  negotiated  and  completed  pursuant to which the Company would
acquire  a  target  company  with an  operating  business  with  the  intent  of
continuing the acquired company's business as a publicly held entity.

About Town House

      The  principal  business  operations  of Town House are  conducted  by and
through  its 97% owned  subsidiary,  Wuhan Town Land  Limited  (formerly:  Wuhan
Pacific  Industry  Development  Co.,  Limited).  Town  House is one of the first
privately  owned  property  developers  in Wuhan City and is one of the  largest
property  developers  in  Wuhan  City,  based  on a  list  of top  100  property
development  enterprises in Wuhan City in terms of Gross Floor Area ("GFA") sold
in 2002 published by the Wuhan Statistics Bureau. It engages  principally in the
design,  construction and sale of luxury apartment  buildings and  multi-purpose
buildings in the City of Wuhan in the PRC. The apartments are primarily held for
sale to middle  income  to upper  level  income  customers.  Certain  properties
developed by Town House are  multi-purpose  properties  that also include retail
and commercial floors on the lower levels of the buildings.

      Town House's  present  portfolio of developed  properties  and  properties
under  development  are  located  primarily  in Wuhan City and target  different
segments  within the mass  residential  property  market,  including young white
collar  employees,  middle to senior managers in enterprises,  entrepreneurs and
families  with young  children.  These  upwardly  mobile  people  represent  the
emerging  middle  class in Wuhan City and are a growing  source of demand in the
mass residential property market.

      As of December 31, 2004,  Town House reports that it has equity  interests
in two property  development  projects in Wuhan City, with an approximate GFA of
57,517 square meters and an aggregate  site area of  approximately  8,991 square
meters.  Town House has obtained land use rights certificates in respect of each
of these two property development projects.

      In addition,  Town House has not yet obtained land use rights certificates
in respect of, but has interest in and plans to develop a further five  projects
in Wuhan City. Since the relevant land use rights certificates have not yet been
issued or obtained,  no commercial  value has been assigned to any of these five
additional  projects or in the  calculation  of its adjusted net tangible  asset
value.

      Town House aims to further expand its position in Wuhan City, and plans to
also  expand  its focus on  property  business  in  Shanghai.  Town  House  also
indicates  that it will  pursue  quality  business  opportunities  in other fast
growing cities in China such as Yi Chang, if market  conditions are appropriate.
Wuhan City, located in central China, has played an important role of connecting
the east with the west,  and the south  with the north in the PRC.  Wuhan  City,
with an urban  metropolitan  population of  approximately  6,800,000  residents,
ranks as the sixth  city  among the top 25  cities  in the PRC.  Located  at the
middle reaches of the Yangtze River,  Wuhan is a thoroughfare  to nine provinces
in the PRC and is a transportation  and logistics center in inland China with an
array of high-speed road, railway and river access.
After  exploratory  studies of the United States real estate market,  Town
House  recently  decided  to enter  the U.S.  real  estate  development  market,
initially  in the States of  California  and Nevada.  Town House has acquired or
obtained  options to acquire,  or is in the process of entering in agreements to
acquire or option,  undeveloped  land on three sites in Los Angeles and one site
in Las Vegas.  However,  Town House has made no commitments  with respect to the
development of these sites.
SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                    Century Pacific Financial Corporation
                                    (Registrant)

Date: April 4, 2005                 By: /s/ Kevin R. Keating
                                       -----------------------------------------
                                       Kevin R. Keating, President and Secretary