Chardan 2008 China Acquisition Corp. announced that Xiaosong Zhong resigned from his position as a member of the Board of Directors of the company, effective August 18, 2009. Mr. Zhong remains the Chief Financial Officer of the Company. On same date, the Board of Directors of the Company appointed Mo Tune Siu as an independent non-executive director of the Company to fill the vacancy left by the resignation of Mr. Zhong. The Board appointed Mr. Siu to the Board's Audit Committee and Nominating Committees. Mr. Siu, 42 years old, has over twenty years of management experience in the medical field in high-growth, international business environments. In 2008 he founded and continues to serve as the Managing Director of Anvil Medical Limited.

Chardan 2008 China Acquisition Corp. reported earnings results for the six months ended June 30, 2009. For the period, the company reported a loss before income taxes was $264,208, net loss of $264,208 or $0.03 per basic and diluted share. Net cash used in operating activities was $323,734.

Chardan 2008 China Acquisition Corp. announced earnings results for the quarter ended March 31, 2009. For the quarter, the company reported net loss of $216,977 or $0.02 basic and diluted per share and net cash used in operating activities of $216,977.