On October 23, 2012, EFT Holdings, Inc. appointed William E. Sluss as its chief financial officer, with effect from that date. On November 4, 2011, William E. Sluss was appointed as the principal financial and accounting officer of the company until such time as the company was able to appoint a chief financial officer. Mr. Sluss served as the company's corporate controller from August 2010 to November 2011.