The board of directors of PanAsialum Holdings Company Limited, together with its subsidiaries (the "Group") announced that Mr. Mar Selwyn has resigned as the chairman and member of the audit committee of the Company (the "Audit Committee") with effect from 28 June 2021 but remains as an independent non-executive Director. The Board further announced that with effect from 28 June 2021: Mr. Leung Ka Tin, an independent non-executive Director, has been appointed as the chairman of the Audit Committee; and Dr. Cheung Wah Keung, an independent non-executive Director, has been appointed as a member of the Audit Committee.