Pansoft Company Limited announced that the Company has filed its merger agreement and the related board resolutions with the Corporate Registry of British Virgin Islands to complete the proposed merger among Pansoft Company Limited, Timesway Group Limited and Genius Choice Capital Limited. As a part of the Merger registration process with the BVI Corporate Registry, the independent directors of the Board of Directors of Pansoft were required to resign. Accordingly, the following directors have submitted, and the Company has accepted, their resignations, effective as of October 23, 2012: Dr. Paul Gillis, Mr. Samuel Shen and Mr. Tony Luh.