ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTIONS OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Resignation of an Officer

On September 3, 2012 Mr. Walter Hon-Chiu Lee gave notice of his intention to resign from his position as Chief Financial Officer, principal financial officer and principal accounting officer, resignation which was accepted as of September 3, 2012. In resigning Mr. Lee had no disputes over our operations, policies, or practices.

Appointment of an Officer

On September 3, 2012 Ms. Man-Chor Poon was appointed Chief Financial Officer, principal financial officer and principal accounting officer. Ms. Poon was selected for the foregoing positions as a result of her qualifications in accountancy and experience in financial management and business operations in the People's Republic of China. Ms. Poon holds a Bachelor of Business Administration from Lingnan University in Hong Kong and is a Member of the Hong Kong Institute of Certified Public Accountants.

Compensation Arrangements

We have not entered into any compensation arrangements with Ms. Poon as of the date of this report.

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