On December 15, 2013, Mr. K.F.Lam, Chief Financial Officer of China ShouGuan Mining Corporation resigned. Mr. Lam's resignation was not because of any disagreement with management or the board on any matter of policy, but so that he could pursue other interests. On December 15, 2013, the Board of Directors appointed Terry Tsao, age 48 as Chief Financial Officer.

Mr. Tsao joined the company on October 15, 2013 as the IR Director of the Company, he was then promoted to the post of Chief Financial Officer on December 15, 2013. Mr. Tsao has over 20 years' experience in auditing, finance and company secretary. Prior to joining the company, Mr. Tsao was the Financial Controller and Company Secretary of Ningbo WanHao Holdings Company Limited.