Pan Asia Mining Limited announced that Mr. Li Kwok Chu has been appointed as an independent non-executive director, the chairman of the nomination committee and a member of the audit committee and the remuneration committee of the Company with effect from 31 December 2015; Mr. Lau Shu Yan has been appointed as an independent non-executive Director and a member of each of audit committee, remuneration committee and nomination committee of the company with effect from 31 December 2015; Dr. Wan Ho Yuen, Terence, the existing independent non-executive Director, has been appointed as a member of each of the audit committee, remuneration committee and nomination committee with effect from 31 December 2015; Mr. Michael Koh Tat Lee resigned as the Chairman of the Board and the chairman of the nomination committee with effect from 31 December 2015; and Ms. Yip Man Yi, the executive Director, has been appointed as the Chairman of the Board of the company with effect from 31 December 2015. Mr. Li, aged 59, is a chairman and chief executive officer of Pakco Group and he has rich experience in administration and management field. Mr. Lau has over 10 years experience in finance, auditing and accounting fields.

Mr. Lau had previously worked in an international accounting firm and he is currently a partner of an audit firm. He was an independent non-executive director of Evershine Group Holdings Limited for the period from 11 July 2012 to 16 January 2014.