PanAsialum Holdings Company Limited (the Company, and together with its subsidiaries, the Group) announced that the respective term of appointment for Mr. Leung Ka Tin (Mr. Leung) as an independent non-executive Director will expire on 1 April 2023 and the parties have mutually agreed not to renew as Mr. Leung intends to devote more time to his other business commitments. Mr. Leung will also cease to be the chairman of each of the audit committee (the Audit Committee) and the nomination committee (the Nomination Committee) and a member of the remuneration committee of the Company on 1 April 2023. Mr. Leung will remain as a consultant to the Company.

Following the cessation of Mr. Leung as the independent non-executive Director and the chairman of each of the Audit Committee and the Nomination Committee, Mr. Man Yiu Kwong Nick will be re-designated as the chairman of the Audit Committee and the Nomination Committee with effect from 1 April 2023.