BC Technology Group Limited announced that, with effect from 12 January 2024: Mr. Madden Hugh Douglas has resigned as chief executive officer of the Company; Mr. Pan Zhiyong has been appointed as the chief executive officer of the Company. Mr. Madden Hugh Douglas has confirmed that he did not have any disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange. Mr. Pan Zhiyong (Mr. Pan), 47, is currently the chief executive officer of BGX.

Mr. Pan has extensive experience in blockchain and cryptocurrency, technology and e-commerce. Mr. Pan served as the chief operating officer of Phoenix Global Capital. Prior to this, he was the chief executive officer of BabyTree Group.

He has also held executive positions at Ke Holdings Inc., Alibaba Group and 360 Security Technology Inc.