The board of directors of Pan Asia Environmental Protection Group Limited announced that Mr. Zhou Chao will join the Company as the Chief Operating Officer with effect from 22 March 2024. Mr. Zhou, aged 47, obtained a bachelor's degree of Economics from University of International Business and Economics in 1999. He further obtained a master's degree of International Business Administration and a master's degree of Science in Finance from Daniels College of Business, University of Denver in 2002.

Mr. Zhou had over 15 years' experience of financial planning and analysis, project investment and management, corporate governance, business development and strategy in high-tech industries in USA and Asia-Pacific Region. Mr. Zhou also had 7 years' experience in managing private equity and venture capital funds in global markets. Mr. Zhou previously worked for CIBA Technology Ventures starting from November 2017 as the Managing Partner investing and incubating projects in disruptive technologies, TMT, blockchain, fintech, etc., and managing PE/VC funds' global operations.

Prior to that, Mr. Zhou worked with Microsoft Corporation from November 2012 to October 2017 as a senior controller managing Microsoft APAC R&D project investment and monetization in AI, cloud, blockchain and business productivity. From May 2006 to September 2011, Mr. Zhou worked with Nvidia Corporation as a business controller managing R&D investment, project finance and worldwide sales in GPU for high-performance computing, gaming, auto & avionics applications, etc. Prior to that, Mr. Zhou worked for other technology companies in US Silicon Valley in the area of semiconductor R&D and manufacturing.