The board of directors of Da Ming International Holdings Limited announced that Mr. Qian Li has resigned as an executive director of the company with effect from 22 March 2012 after serving as an executive director of the company for more than five years. Mr. Qian will continue to serve as the assistant to general manager in Jiangsu Daming Metal Products Co. Ltd., an indirect wholly-owned subsidiary of the company. The Board also announced that Mr. Kang In Soo has been appointed as an executive director of the company with effect from 22 March 2012. Mr. Kang, aged 53, is currently the general manager of Tianjin Taigang Daming Metal Product Co. Ltd., which is held as to 91% by the group.