Effective July 17, 2012, the Board of Directors of Advanced Ventures Corp. (the "Company") approved an increase in the size of the Board of Directors to five members. Also effective on July 17, 2012 the Board of Directors of the Company accepted the resignation of Xu Fei as President, CEO, Secretary, Treasurer and a director of the Company. On the same date, the Board of Directors accepted the consent to act of Christino Rio and appointed Mr. Rio as Chief Executive Officer and a director of the Company. In addition, the Board of Directors accepted the consents to act of Jareth Goh and Vincent Kim and appointed Mr. Goh and Mr. Kim as directors of the Company.

Mr. Christino Rio (age 57) has 30 years of experience in credit management and control processes. From 2000 to present, Mr. Rio has been the Regional Commercial Services Controller for Goltens Singapore Pte. Ltd. where he was responsible for credit control and sales support for the South East Asia region. From 1992 to 2000, Mr. Rio was the Asia Pacific Credit Controller for General Electric-Keppel Energy Services Pte. Ltd. where he was responsible for credit control for the Asia Pacific. Mr. Rio received a degree in Economics and Business (Honors) from the Luiss University in Rome and a MBA in Finance from the London Business School in 1996.

Mr. Jareth Goh (age 29) has experience covering a variety of industries including banking, real estate and media. From June 2010 to present, Mr. Goh has been the Vice President of Operations and Business Development for United Gene Healthcare whereby he was responsible for its entire business development, operations and customer service teams and the setup of inter-department workflows. In addition, Mr. Goh managed to setup headquarters and branches in Hong Kong, Taiwan, Shanghai and a network of service centers over 30 cities in China. From May 2008 to October 2010, Mr. Goh was the Residential and Project Sales Division Director for HSR Property Group whereby he managed a division of over 120 realtors in Singapore, and worked with multiple developers to plan. launch and market both new and existing projects. From June 2007 to October 2009, Mr. Goh was a Graduate Program Specialist - Asset Services MLPFS Events Management Team for Merrill Lynch Global Services whereby he managed corporate action events for Asia Pacific private clients and spearheaded initiatives to revamp inefficient processes. In addition, Mr. Goh was a Specialist - Asset Services Risk & Control Team for Merrill Lynch Global Services whereby he managed and compiled reports and metrics for Asset Services, managed projects for Merrill Lynch's risk assessment exercise, and coordinated SOX exercise with team supervisors and auditors. Mr. Goh obtained his Bachelor of Business in Marketing (honors) with a minor in Communication Studies from the Nanyang Technology University, Singapore in 2007.