Broo Limited announced the following Board change effective immediately. Mr. James Li resigns as Non-Executive Chair of the Company and Mr. Scott Chen resigns as Non-Executive Director. Mr. David Zhu will step down from his role of Executive Director to Non-Executive Director.

Mr. Peter Yong Pan has been appointed as Executive Chair and Mr. Michael Chen has been appointed as Executive Director of the Company. The Company intends to finalise an appropriate remuneration agreement with Mr. Peter Pan and Mr. Michael Chen in the coming weeks and disclose to the market once finalised. Mr. Pan holds a Bachelor of Chemical Engineering and a Diploma in Commercial Marketing.

With over 30 years of trading and financial services experience, he has extensive business connections in Asia Pacific Region. Mr. Pan served as general manager of Australia United Trading Pty Ltd. from 2004 to 2014 which specialised in import export products in and out of Australia. Mr. Chen, B.Sc.

boasts over 17 years of experience in international trading, spanning regions such as Oceania and Greater China. His vast business network encompasses various sectors, including Banking, Finance, Precious Metals, Construction, Property, and Hospitality.