Wash and rinse the red beans thoroughly.
Soak in cold water overnight. Drain and boil a pot of water. Add in the
red beans and tangerine peel. Simmer and stir occasionally for about an
hour. Add the lotus nuts and simmer for another hour. Add the sugar once
the red beans are tender and start to split open. Stir until the sugar
is dissolved. Serve hot or cold as preferred.