On July 1, 2013, the Board of Directors of China Gengsheng Minerals, Inc. approved the appointment of Jeffrey Friedland as director and chairman of the Audit Committee of the Board, effective immediately. Mr. Friedland, 62, has been Managing Director of Friedland Global Capital Pte. Ltd. and its predecessor companies since 1979.

Mr. Friedland also has been the CEO of Global Corporate Strategies LLC, since 2011.