Van Shung Chong Holdings Limited announced that Ms. Tse Sau Wai has resigned as the company secretary and an authorised representative of the company with effect from 8th April 2013. Ms. Tse has confirmed that there is no disagreement with the Board and that there is no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the company. The Board further announces that Mr. Frank Muñoz has been appointed as an authorised representative of the company with effect from 8th April 2013.

The board of directors Van Shung Chong Holdings Ltd. announced that Mr. Lim Kern resigned as an executive director, the chief financial officer and the chief operating officer and ceased to be a member of the executive committee of the company with effect from 31st December 2012 to pursue his personal development. Mr. Lim, aged 42, joined the company on 1st June 2010 as the chief financial officer and the chief operating officer and further be appointed as the executive director on 9th July 2010. He has over 18 years of experience in the finance sector, particularly in the field of mergers and acquisitions.

Van Shung Chong Holdings Ltd. announced unaudited consolidated cash flow results for the six months ended September 30, 2012. For the six months, the company reported net cash used in operating activities of HKD 59,561,000 compared to HKD 442,108,000 a year ago.