Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The following changes in management occurred effective June 10, 2009:

Dr. Kit Chong "Johnny" NG resigned as the Chairman of the Board of Directors and principal financial officer. He is serving as the Honorary Chairman of the registrant.

Huamin LAI was appointed to serve as a director and the Chairman of the Board of Directors. Mr. LAI received a bachelor's degree in science in 2005 from the Northwest Telecommunications Engineering College. His experience is in the areas of electronic information, electronic product development, finance and project planning.

Mingzheng LAN was appointed to serve as a director and the principal financial officer of the registrant. After graduation from Northwest Telecommunications Engineering College with a bachelor's degree in 1984, Mr. LAN has accumulated over 25 years of experience in the areas of production of electronic products, operations management, project planning, investments, program planning, and operation of capital markets in Shenzhen, mainland China. For the last few years, he had been primarily engaged in investment and property alleviation projects at all levels of government in mainland China. He had presided over the national comprehensive agricultural development projects in Guangdong province, Heyuan region. Mr. LAN also received a master's degree in business management from Shanghai Jiao Tong University in 1992.

After the foregoing changes, management of the registrant is as follows:

Dr. Kit Chong "Johnny" NG - Honorary Chairman Huamin LAI - Chairman of the Board of Directors Wai Hung "Billy" TANG - Chief Executive Officer, Acting Chief Technology Officer and director
Mingzheng LAN - Principal Financial Officer and director Jialong WEN - Chief Operations Officer and director Siu Shan "Eric" WONG - director