The board of directors of Great China Holdings Ltd. announced that Mr. Siu Kwan CHENG (Mr. CHENG') has resigned as the company Secretary and Authorized Representative of the company with effect from November 30, 2012. The Board further announced that Mr. Chi Chung SHUM (Mr. SHUM') has been appointed as the company Secretary and Authorized Representative of the company with effect from November 30, 2012. Mr. SHUM is a member of the Hong Kong Institute of Certified Public Accountants.

He has over 14 years of experience in auditing, finance and accounting.