The board of directors (the ``Board'') of Pan Asia Data Holdings Inc. (the ``Company'') received a letter of resignation from Mr. Wang Jianping (``Mr. Wang''), an independent non-executive director of the Company on 28 December 2021. Mr. Wang tendered his resignation as an independent non-executive director, the chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee of the Board as he would like to devote more time to his other business. Mr. Wang has confirmed that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the shareholders of the Company. The aforementioned resignation became effective from the date when the resignation letter was delivered to the Board. Following the resignation of Mr. Wang as disclosed above, with effect from 28 December 2021, Ms. Xu Yanqiong (``Ms. Xu'') has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee of the Board. Ms. Xu, aged 35, obtained a master's degree of Accounting from Macquarie University, Australia, in 2015. Ms. Xu has over 13 years of professional experience in financial management. Ms. Xu was Finance Director of Sydney Bargo Shell Pty Ltd. from 2017 to 2020 and was the Finance Business Partner of Sealord Australia Pty Limited from March 2021 to September 2021. She is a member of CPA Australia. The Board announced that Mr. Chen Jianding (``Mr. Chen'') has been appointed as the Chief Operating Officer of the Company with effect from 28 December 2021. Mr. Chen obtained a master degree of Business Administration from University of Canberra, Australia, in 2005, and a master degree of Business Administration from Fudan University, China, in 2019.