The board of directors of Pan Asia Data Holdings Inc. received a letter of resignation from Mr. Wang Jie (Mr. Wang), the chief financial officer of the Company, on 17 October 2023. Mr. Wang tendered his resignation as the chief financial officer of the Company as he would like to devote more time to other business interests. Mr. Wang has confirmed that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of the Hong Kong Limited.

The aforementioned resignation became effective from 17 October 2023.