Response to Query Regarding Trading Activity::

PAN ASIAN HOLDINGS LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 197902790N)

RESPONSE TO SGX'S QUERIES REGARDING TRADING ACTIVITY

The Board of Directors (the "Board") of Pan Asian Holdings Limited (the "Company" and together with its subsidiaries, the "Group") refers to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 30 September 2021 regarding the unusual price and volume movements in the ordinary shares of the Company. The Company sets out below its responses to the said queries:-

Question		Company's Response
1. Are you (the issuer) aware of any	The Company is not aware of any information
information not	previously announced	not previously announced concerning the
concerning you, your subsidiaries or	Company, its subsidiaries or associated
associated companies, which, if known, might	companies which, if known, might explain the
explain the trading? Such information may	trading.
include events that are potentially material and
price-sensitive, such as discussions and
negotiations that may lead to joint ventures,
mergers, acquisitions or purchase or sale of a
significant asset. You may refer to paragraph 9
in Appendix 7A of the Catalist Rules for further
examples.
2. Are you aware of any possible explanation	The Company is not aware of any other
for the trading? Such information may include	possible explanation for the trading activity of
public circulation of information by rumours or	the Company's shares as highlighted by the
reports.		SGX-ST.
3. Can you confirm your compliance with the	The Company confirms the Company's
listing rules and, in particular, Catalist Rule	compliance with the listing rules and in
703?		particular Catalist Rule 703.

The Board collectively and individually takes responsibility for the accuracy of the aforesaid replies to queries raised by the SGX-ST.

BY ORDER OF THE BOARD

Richard Koh Chye Heng

Executive Chairman

30 September 2021

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [e-mail].