Armco Metals Holdings Inc. announced that Board of Directors appointment Mr. Weiping Shen to fill the vacancy on Board created by Mr. Yue's resignation. Mr. Shen previously served as a member of Board of Directors from May 2012 until November 2014. Weiping Shen.

Mr. Shen has been acting as the partner of Shanghai Milestone Assets Management Co. Ltd. since May 2011, where he is the chief researcher and has developed strict investment research practice systems and procedures.