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CFO Appointment by First Asia Holdings Limited

Canada and Hong Kong, Aug. 16, 2013 (GLOBE NEWSWIRE) -- Appointment of CFO Carmen To

We believe that a Chief Financial Officer plays a pivotal role in the growth of a company, not only with capabilities to manage the financial data, but also having insights on the current economic climate and how the company can use these insights to further benefit its shareholders.

First Asia Holdings is now pleased to announce the appointment of Ms. Carmen To, age 28, as our Chief Financial Officer effective as of June 20, 2013. She holds a Bachelor of Commerce Degree from The University of New South Wales and she is also a Certified Public Accountant.

From August 2006 to February 2008, she was employed by BDO Limited, an international accounting firm, at its office in Hong Kong, where her major responsibilities were auditing listed companies in Hong Kong as well as the United States of America. From February 2008 to February 2011, she joined KPMG, an international accounting firm, at its office in Hong Kong, where her responsibilities were auditing various leading listed companies in Hong Kong and China. From February 2011 to January 2012, she was employed by Wing Tai Properties Limited, a Hong Kong listed international property developer, where she had a financial supervisory role in supervising the financial reporting team. Her major responsibilities include preparing consolidated financial statements and reviewing daily business operations in the financial perspective. From February 2012 to June 2013, Carmen was self-employed as a Financial Service Consultant and providing consulting services in relation to accounting, auditing, taxation and internal control.

Based on the growth and asset accumulation of First Asia Holdings in recent years, Ms. To believes that our company and its subsidiaries have strong potential to be listed in larger trading platforms such as NASDAQ and Hong Kong GEM Board. Ms. To will use her expertise to execute financial strategies and direct our company to achieve the compliance, corporate governance and financial requirements with the assistance of a well-known international accounting firm. Her previous experience will serve us well as we continue to pursue strategic acquisitions and expansion of our existing business divisions and investor base.

Our company is now focusing on increasing the number of shareholders in the next three to six months through private placement and partnership with strategic cornerstone investors to align with Ms. To's listing plans.

CONTACT: Address: Unit 1604, 16/F, Tower 2, Silvercord Tsim Sha Tsui, Kowloon, Hong Kong Tel: (852) 3152 3168 Source:First Asia Holdings Limited