Victor Group Holdings Limited announced the resignation of Director and CFO, Xiqiang Jiang effective immediately. Known as Steven, he has resigned both his posts with Victor Group to concentrate on his many other business ventures. Steven will be replaced as Director by William Hu.

William brings a wealth of experience in corporate accounting, taxation and finance, as well as experience in mergers and acquisitions in Australia. He was also appointed as a Justice of the Peace in November 1996. Ms. Bo Wang will replace Steven as the Chief Financial Officer.

She has accumulated considerable experience working in the energy and accounting sectors in both China and Australia. She currently is an associate member of CPA.