The board of directors of Pan Asia Mining Limited announced that, in view of the re-allocation of duties among the executive Directors, Mr. Michael Koh Tat Lee, the chairman and executive Director, resigned as the authorized representative of the company under the Rules (the GEM Listing Rules) Governing the Listing of Securities on Growth Enterprise Market (the GEM) of The Stock Exchange of Hong Kong Limited and the authorized representative of the company for accepting service of process and notices on behalf of the Company in Hong Kong as required under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 30 November 2015. With effect from 1 December 2015, Mr. Shiu Chi Tak, Titus, the executive Director, has been appointed as the Authorised Representative and Process Agent in order to fill the casual vacancy caused by the resignation of Mr. Koh as the Authorised Representative and Process Agent. The Board further announced that Mr. Chan Ming Cho, Joe has tendered his resignation as the company secretary of the company, the Authorized Representative and the Process Agent with effect from 30 November 2015 to pursue other business opportunities.

Mr. Chan has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the Stock Exchange or the shareholders of the company in relation to his resignation. Following the resignation of Mr. Chan, the Board announced that Ms. Leung Pui Ki has been appointed as the company secretary, the Authorised Representative and the Process Agent with effect from 1 December 2015. The Board further announced that Ms. Yip Man Yi, the executive Director, has been appointed as the compliance officer of the company with effect from 1 December 2015.