The board of directors of China Strategic Holdings Ltd. announced that with effect from 2 March 2012, Mr. Ma Si Hang, Frederick resigned as a non-executive director and the Chairman of the company; and Mr. Or Ching Fai, being an existing executive director of the company, was appointed as the Chairman of the company in place of Mr. Ma. Mr. Ma has confirmed that his resignation is due to his intention to achieve his other personal goal.