Yalian Steel Corporation announced that Ms Lan Shangguan who has served as the Company's CFO and Corporate Secretary since October 1st 2010 has resigned.

Ms Xia Xu acting CEO of Yalian said that "On behalf of the board and management of Yalian, I would like to thank Ms Shangguan for her significant contributions to the Company and wish her the very best in her future endeavors."

He said that the Company is in the process of finalizing the appointment of a new Chief Financial Officer. In the interim, Ms Xia Xu will assume the role of Acting Chief Financial Officer and interim Corporate Secretary of the Company.