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

On September 30, 2009, the Board of Directors of the Company approved and accepted, by way of Written Resolutions, the resignation of Mr. Rocky Wulianghai on his own accord as Director, Chief Executive Officer and President of the Company with effect from October 1, 2009. It was further approved that Mr Chia Hsun Wu is to be appointed as Chief Executive Officer of the Company, effective on October 1, 2009.

Mr. Chia Hsun Wu has served as a director of the Company since November 3, 2006. Mr. Wu has extensive management and industrial experience and is a graduate from Oriental Institute of Technology. Mr. Wu has conducted scientific research at the National Taiwan University of Science and Technology. Mr. Wu is currently the Managing Director of FFBC Holdings Group.

The Company has not entered into any employment agreement and remuneration agreement with Mr Wu.

EXHIBITS

99.1 Consent

99.2 Letter of Resignation