Mr Yang replaces Gary Lam, who resigned from the position of CFO to pursue other interests. Mr Yang has prior experience working for several China-based companies in accountant, controller and CFO positions.

From September 2006, Mr Yang served as the financial controller of China Diagnostics Medical Corporation, a company engaged in the business of pharmaceutical research and development.

From April 2005 to August 2006, he served as the CFO of Beijing Tanglewood Tour Development, a company engaged in the business of real estate investment and development.

Deli Du, CEO, said: We are very pleased to have Mr Yang join as our acting CFO. We are confident that his experience in several industries will provide our management team a valuable perspective on how to grow our business.