Pan Asian Holdings Limited announced the cessation of Isaiah Yap Chun Hong, Group Financial Controller on January 14, 2021. To pursue a finance related position in another industry. The notice period to be served is two months from 11 January 2022.

The Company is actively looking for a replacement and will make the necessary announcement in due course. After having interviewed Mr. Isaiah Yap ("Isaiah") and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Isaiah as the Group Financial Controller of the Company.