The board of directors of Great Wall Pan Asia Holdings Limited announced that Mr. Xu Yongle ("Mr. Xu"), the Chief Executive Officer of the Company, has been appointed as an executive director of the Company with effect from 26 March 2021. Mr. Xu Yongle, aged 50, has been the Chief Executive Officer of the Company since 8 December 2020. He is a supervisor for candidates for master degree. He has engaged in finance-related work since July 2005. From July 1995 to December 2011, he served as senior staff member, principal staff member, deputy director of general foreign affairs division and director of foreign exchange credit division of the head office and the international business department of the Agricultural Development Bank of China . From January 2012 to August 2017, he served as assistant to general manager, deputy general manager of the office (international business department) of China Great Wall Asset Management Co. Ltd. and deputy general manager of the international business department of China Great Wall Asset Management Co. Ltd. From May 2017 to January 2019, he served as general manager, managing partner and a member of the investment committee of Great Wall WL Ross Fund . From February 2019 to November 2020, he served as the deputy general manager of China Great Wall AMC (International) Holdings Company Limited ("Great Wall International") (in charge of operations). Since October 2012, he has served as director of Great Wall International.