The board of directors of Asian Capital Resources Holdings Ltd. announced that Mr. Lum Pak Sum resigned as the company secretary and an authorized representative of the company on April 2, 2012. Mr. Lum Pak Sum has confirmed that he has no disagreement with the Board, nor are there any other matters that need to be brought to the attention of the company' shareholders arising from his tenure as the company secretary and an authorized representative of the company. Upon Mr. Lum' resignation as the company secretary of the company, Mr. Lam Ting Lok has been appointed as the company secretary of the company and authorized representative with effect from April 2, 2012. Mr. Lam Ting Lok, has over 13 years' experience in the accounting and financial industry. He has extensive experience in IPO, M&A, fund raising and corporate advisory. He started his career in an international audit firm in 1995 and then devoted himself in the corporate finance and fund management fields since 2000. He is an associate member of the Hong Kong Institute of Certified Public Accountants and a charter holder of the Chartered Financial Analyst. He is currently an independent non-executive director of Enterprise Development Holdings Limited and Wonderful Sky Finance Group Holdings Limited, both of which are companies listed on the Stock Exchange of Hong Kong.