The Board of Pangaea Connectivity Technology Limited announced that, Mr. Sze Wing Chun (``Mr. Sze'') has tendered his resignation as an independent non-executive Director with effect from 1 October 2023 in order to devote more time to his other professional and personal engagements. Following the resignation of Mr. Sze, Mr. Kam, Eddie Shing Cheuk (``Mr. Kam'') will be redesignated as an independent non-executive Director with effect from 1 October 2023 in place of Mr. Sze. Mr. Kam, Eddie Shing Cheuk () (formerly known as Kam Leung Ming ()), aged 49, was appointed as a non-executive Director on 17 June 2019.

He was a member of the audit committee immediately prior to his redesignation as disclosed in this announcement. Mr. Kam graduated from the Polytechnic University of Hong Kong with a degree of Bachelor of Arts in Accountancy in November 2003 and thereafter Mr. Kam obtained a degree of Master of Corporate Governance from the Polytechnic University of Hong Kong in November 2010. He is currently a fellow member of the Hong Kong Institute of Certified Public Accountants, a member of The Institute of Chartered Accountants in England and Wales, an associate member of The Hong Kong Chartered Governance Institute and an associate member of The Chartered Governance Institute in the United Kingdom and Ireland.

Mr. Kam has over 25 years of experience in auditing, professional accounting and worked for several Hong Kong listed companies of various industries and served senior roles in financial management and secretarial functions. Mr. Kam has been an independent non-executive director of (i) Ever Harvest Group Holdings Limited, a company listed on the Main Board of the Stock Exchange (stock code: 1549), since November 2016; (ii) Genes Tech Group Holdings Company Limited, a company listed on GEM of the Stock Exchange (stock code: 8257), since June 2017; and (iii) Citychamp Watch & Jewellery Group Limited, a company listed on the Main Board of the Stock Exchange (stock code: 256), since November 2020. He has also been the chief executive officer of Get Nice Holdings Limited, a company listed on the Main Board of the Stock Exchange (stock code: 64), since June 2022.

Mr. Kam was previously an executive director of (i) Get Nice Financial Group Limited, a company listed on the Main Board of the Stock Exchange (stock code: 1469), from September 2015 to April 2017; and (ii) Get Nice Holdings Limited, a company listed on the Main Board of the Stock Exchange (stock code: 64), from April 2017 to June 2022; and an independent non-executive director of (i) Casablanca Group Limited, a company listed on the Main Board of the Stock Exchange (stock code: 2223), from April 2015 to May 2017; (ii) Xiezhong International Holdings Limited, a company listed on the Main Board of the Stock Exchange (stock code: 3663), from December 2020 to July 2021; and (iii) AVIC Joy Holdings (HK) Limited, a company listed on the Main Board of the Stock Exchange (stock code: 260), from April 2022 to August 2022. Mr. Kam was appointed as a council member of the sixth term of the Guangzhou Overseas Friendship-Liaison Association Committee in March 2013 and a council member of the seventh term of the Shenzhen Overseas Friendship-Liaison Association Committee in 2017. He was also appointed as a committee member of the Chinese People's Political Consultative Conference Shanghai Committee (Baoshan District) in December 2016.

The Board further announced that with effect from 1 October 2023: Mr. Sze will cease to be the chairman of the audit committee of the Company and a member of the remuneration committee of the Company; Mr. Kam will be redesignated as the chairman of the audit committee of the Company and appointed as a member of the remuneration committee of the Company; and Mr. Chan Hiu Fung Nicholas, an independent non-executive Director, will be appointed as a member of the audit committee of the Company.