Mega World Food Holding Company announced on January 23, 2013, Lingling Wang, Lin Xiang Wang, Guangquing Chen, Hanjun Shi, Key Wu and Shaoyun Zhou presented to the Board of the company a letter of resignation whereby they resigned from their positions as officers and directors with the company, effective on January 23, 2013. Their resignation was not the result of any disagreements with the company on any matters relating to the company's operations, policies or practices. On January 23, 2013, the stockholders of the company holding a majority in interest of the Company's voting equity, approved by written consent and the members of the board of directors of the company approved by unanimous written consent, (i) the acceptance of resignation of Lingling Wang, Lin Xiang Wang, Guangquing Chen, Hanjun Shi, Key Wu and Shaoyun Zhou from their positions as officers and directors of the company, and (ii) the appointment of Mr. Frank Pringle as Chief Executive Officer and Director and Ms. Elyse M. Thompson as Chief Financial Officer, Secretary and Director of the company.