Subaye, Inc (SBAY)

[chemistfrog]

Today's news and reason for a greater than 40% drop?! Hilarious! Panic selling after hours at its worst! Great opportunity here guys/gals! Does anybody see anything in here to merit a 40% plummet?

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7796022

On March 10, 2011, James T. Crane, the Chief Financial Officer of Subaye, Inc. (the “Company”), announced that he will resign from the Company to pursue other professional interests. Mr. Crane has served in this role since October 2007. Mr. Crane’s resignation is effective as of March 14, 2011.

On March 13, 2011, the Company’s board of directors (the “Board”) appointed Alan R. Lun to serve as the Company’s Chief Financial Officer, effective March 14, 2011.

Mr. Lun, age 46, has served as the Company’s President and a member of the Board since April 2007. Mr. Lun also served as the Company’s Chief Executive Officer from April 2007 to September 2009. Mr. Lun originally joined the Company in March, 2006. From March 2001 through February 2006, Mr. Lun was the division manager of Guangdong Country Garden Property Management Co. Ltd., one of the largest real estate management and development companies in China.

There are no family relationships between Mr. Lun and any director, executive officer or director or executive officer nominee of the Company. There has been no transaction since the beginning of the Company’s last fiscal year, or any currently proposed transaction, in which Mr. Lun and the Company were or are to be a participant and the amount involved exceeds $120,000. There is no material plan, contract or arrangement to which Mr. Lun is a party or in which he participates that was entered into in connection with his appointment as Chief Financial Officer.