Great Wall Pan Asia Holdings Limited announced resignation of Mr. Woo Chin Wan as an independent non-executive Director and the chairman of the Audit Committee of the company, in each case, with effect from 26 November 2018. The company appointed Ms. Liu Yan as an independent non-executive Director and the chairlady of the Audit Committee of the company, in each case, with effect from 26 November 2018. Ms. Liu has entered into a letter of appointment with the company pursuant to which she is appointed as an independent non-executive Director for an initial term of three years commencing from 26 November 2018, unless terminated in accordance with the said letter of appointment. From November 2016 to September 2018, Ms. Liu served as an independent non-executive director of U Banquet Group Holding Limited. She is currently an independent non-executive director of Tai United Holdings Limited and Haitong International Securities Group Limited.