The board (the ‘Board') of directors (the ‘Director(s)') of PanAsialum Holdings Company Limited announced the appointment of Mr. Man Yiu Kwong Nick as the independent non-executive Director, a member of each of the audit committee, nomination committee, remuneration committee and the environmental, social and governance committee of the company, all with effect from 1 November 2022. Mr. Man Yiu Kwong Nick, aged 52, is currently the independent non-executive director of Global International Credit Group Limited, since 1 January 2016. Mr. Man has over 20 years of experience in the corporate finance field.

Mr. Man obtained a Bachelor's Degree of Business Administration from Simon Fraser University, Canada in October 1993. He has been an associate member of Hong Kong Institute of Certified Public Accountants since January 2000 and a fellow member of the Association of Chartered Certified Accountants since September 2003. Mr. Man has entered into a letter of appointment with the Company in respect of his appointment as the independent non-executive Director for an initial term of two years, and is subject to retirement by rotation and re-election at the general meetings of the Company in accordance with the articles of association of the Company.