Pan Asia Data Holdings Inc. announced that, with effect from 4 February 2022, Dr. Dong Liuhuan has been appointed as a non-executive Director of the Company. Dr. Dong, aged 43, obtained a bachelor's degree in Applied Mathematics from Nankai University in July 2000, and a doctoral degree in Probability and Mathematical Statistics from Nankai University in December 2005. Dr. Dong has been actively participating in the cooperation with the academia and industry participants.

He held the positions as a Part-time Postgraduate Tutor of School of Statistics and Management and a member of the Education Steering Committee of Shanghai University of Finance and Economics and a Part-time Tutor of professional degree master graduates in the School of Finance of Nankai University. On 4 February 2022, Dr. Dong entered a director's service contract with the Company for a term of two years commencing from 4 February 2022, which can be terminated by either party giving the other party one month's written notice in advance or otherwise in accordance with the terms of the service contract. Dr. Dong is subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited .

Pursuant to his director's service contract, he is entitled to an annual director's fee of HKD 180,000. Dr. Dong's remuneration is determined by the Board with reference to his duties and responsibilities as well as the prevailing market conditions. He will hold the office until the next general meeting of the Company when he may be re-elected.

Dr. Dong has not held any directorships in companies the securities of which are listed on any securities market in Hong Kong or overseas in the three years last preceding the date of this announcement, and Dr. Dong does not hold any positions with the company, or its subsidiaries save as mentioned above and does not have any relationship with any Directors, senior management, substantial shareholders or controlling shareholders of the Company.