Great Wall Pan Asia : APPOINTMENT OF DEPUTY GENERAL MANAGER AND CHANGES OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVES

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(Incorporated in Bermuda with limited liability)

(Stock Code: 583)

APPOINTMENT OF DEPUTY GENERAL MANAGER

AND

CHANGES OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVES

APPOINTMENT OF DEPUTY GENERAL MANAGER

The board of directors (the "Board") of Great Wall Pan Asia Holdings Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that Mr. Xiao Ling ("Mr. Xiao") has been appointed as the Deputy General Manager of the Company with effect from 11 October 2019.

The biographical details of Mr. Xiao are as follows:

Mr. Xiao Ling, aged 48, holds a Doctoral degree in economics and holds the title of senior economist. He graduated from Xi'an Jiaotong University with a Bachelor degree in engineering majoring in thermal turbine in 1992, and obtained a Master degree in economics majoring in monetary banking and a Doctoral degree in economics majoring in finance from Southwestern University of Finance and Economics in 1997 and 2007, respectively. From July 1992 to

September 1994, Mr. Xiao served as an assistant engineer of the second chemical factory of Chengdu (成都化工二廠 ). From July 1997 to February 2000, he served as senior staff member of

international business department of Sichuan Province branch of Agricultural Bank of China. From February 2000 to August 2010, Mr. Xiao served as deputy division chief of the asset operation and management department, principal staff member of third division of asset operation department, and business executive of general affairs department of Chengdu office of China Great Wall Asset Management Co., Ltd. ("GWAMCC"). He was re-designated to the human resource department of the headquarter of GWAMCC in August 2010 and served as business executive of remuneration management division, senior deputy manager of remuneration management division and senior manager of veteran cadre management division. From March 2015 to June 2019, he worked in the capital management department of the headquarter of GWAMCC, served as senior manager of capital market division, senior manager of capital management division and senior manager of debt planning division.

The Board would like to express its warmest welcome to Mr. Xiao on his appointment.

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CHANGES OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVES

The Board hereby announces that Ms. Zheng Yuanyuan ("Ms. Zheng") has ceased to act as the company secretary of the Company (the "Company Secretary"), the authorised representative of the Company ("Authorised Representative under the Listing Rules") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") as well as the authorised representative of the Company ("Authorised Representative under the Companies Ordinance") for acceptance of service of process and notice in Hong Kong on behalf of the Company in accordance with Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), in each case, with effect from 11 October 2019. Ms. Zheng will continue to act as the Deputy General Manager and directors of various subsidiaries and associates of the Company.

Ms. Zheng has confirmed that she has no disagreement with the Board, and there are no matters in relation to her cessation from the above positions that need to be brought to the attention of the shareholders of the Company.

The Board also announces that Mr. Kong Hok Kan ("Mr. Kong") has been appointed as the Company Secretary, the Authorised Representative under the Listing Rules and the Authorised Representative under the Companies Ordinance of the Company to succeed Ms. Zheng, in each case, with effect from 11 October 2019.

The biographical details of Mr. Kong are as follows:

Mr. Kong Hok Kan, aged 35, joined the Company as the Deputy Company Secretary in April 2017 and is primarily responsible for the company secretarial and listing compliance functions of the Group. He is a Chartered Secretary, a Chartered Governance Professional, and an associate member of both The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) in the United Kingdom. He holds a Bachelor of Arts degree from the University of Brighton and a Master of Science degree in Professional Accounting and Corporate Governance from City University of Hong Kong. Prior to joining the Group, Mr. Kong has served various listed companies during the period from August 2006 to March 2017 and has over 13 years of extensive experiences in company secretarial and corporate governance practices.

The Board would like to take this opportunity to express its sincere gratitude to Ms. Zheng for her valuable contributions to the Company during her tenure as the Company Secretary and to welcome Mr. Kong to his new position.

By Order of the Board

Great Wall Pan Asia Holdings Limited

CHEN Zenan

Chairman

Hong Kong, 11 October 2019

As at the date of this announcement, the Board consists of Mr. Huang Hu and Mr. Meng Xuefeng as executive directors of the Company, Mr. Chen Zenan and Ms. Lv Jia as non-executive directors of the Company, and Dr. Song Ming, Dr. Sun Mingchun and Ms. Liu Yan as independent non-executive directors of the Company.

• For identification purpose only

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