As previously reported, David Ming He resigned as Chief Financial Officer Shengkai Innovations, Inc. on March 20, 2012. On April 6, 2012, the board of directors of the Company appointed Ms. Linbin Zhang, the Company's treasury manager to be the Company's interim CFO, effective April 19, 2012. Ms. Zhang, 29, has been serving as the Company's treasury manager since February 2010. From October 2009 to December 2009, she served as accountant in Worldwide Clinical Trials, Inc., in Los Angeles, California. From August 2007 to September 2009, she served as accountant in Turbo-Tek International, Inc., in Los Angeles, California. From June 2006 to June 2007, Ms. Zhang was an audit associate in Deloitte Touche Tohmatsu CPA Ltd.in Tianjin, China. Ms. Zhang holds designation of Certified General Accountants of Canada since 2007. Pursuant to the Employment Agreement between Ms. Zhang and the Company, dated April 6, 2012, Ms. Zhang will serve as the Company's interim CFO until a suitable candidate for CFO has been qualified and selected by the Company.