On June 20, 2012, Ming Cheung resigned as Chief Financial Officer and director of China ShouGuan Mining Corporation effective on the same date.
On June 20, 2012, the company also announced the appointment of Mr. K.F. Lam, 43, as Chief Financial Officer, upon the effective date of Mr. Cheung's resignation. Prior to joining the company, Mr. Lam joined Deloitte Touche Tohmatsu in Hong Kong in 1994. From 1999 to 2008, Mr. Lam was the financial controller of Hycomm Wireless Limited, a company listed on the main board of the Stock Exchange of Hong Kong. From 2008 to 2009, Mr. Lam was the Acting Chief Financial Officer of China Health Care Corporation. Since December 2009, Mr. Lam has been acting as the Chief Accountant of the GIN group of companies which principally engages in telecommunication businesses in Hong Kong. Mr. Lam graduated from Hong Kong Shue Yan College (now known as Hong Kong Shue Yan University) majoring in Accounting. He is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and a fellow member of The Association of Chartered Certified Accountants.