Summary of CHINA GENGSHENG MINERALS, INC.

Item 4.01 Changes in Registrant's Certifying Accountant

On December 7, 2012, the Audit Committee of China GengSheng Minerals, Inc. (the "Company") received a resignation letter from PKF, Certified Public Accountants, Hong Kong, China, a member firm of International Limited network of legally independent firms ("PKF"), as the Company's independent registered public accounting firm. On December 10, 2012, the Company's Audit Committee approved the resignation of PKF.

The reports of PKF on the Company's consolidated financial statements for the fiscal years ended December 31, 2011 and 2010 did not contain adverse opinions or disclaimers of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. For the years ended December 31, 2011 and 2010 and the subsequent periods through December 7, 2012, there were no disagreements between the Company and PKF on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to PKF's satisfaction, would have caused them to make reference to the subject matter of the disagreements in connection with its reports. For the years ended December 31, 2011 and 2010 and the subsequent interim period through December 7, 2012, there were no "reportable events" as that term is described in Item 304(a)(1)(v) of Regulation S-K.

The Company has provided PKF with a copy of this Report and the Company has requested that the PKF furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements above. A copy of this letter dated December 11, 2012 is filed as an exhibit to this Report.