The board of directors of Pan Asia Environmental Protection Group Limited announced that Mr. Wan San Fai, Vincent was resigned as the chief financial officer of the Company with effect from 22 March 2024 due to his intention to focus on his duties and responsibilities as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules) and Company Secretary of the Company. Mr. Wan will remain as the Authorised Representative and Company Secretary. The Board also announced that Mr. Chan Tsz Kit will join the Company as the Chief Financial Officer with effect from 22 March 2024.

Mr. Chan, aged 47, obtained a bachelor's degree of Arts in Accountancy from the Hong Kong Polytechnic University in November 1998. He further obtained a master's degree of Business Administration from the Chinese University of Hong Kong in November 2001. He is a fellow member of the Hong Kong Institute of Certified Public Accountants since June 2010.

Moreover, Mr. Chan holds the designation of a US Certified Public Accountant (CPA) with an active license in the State of California. Mr. Chan has over two decades of extensive expertise encompassing accounting, financial management, merger and acquisition strategies, capital market financing, and listing compliance. As a seasoned Certified Public Accountant (Practising) based in Hong Kong, Mr. Chan has demonstrated his proficiency in various roles within the financial sector.

From 2010 to 2020, he was the chief financial officer of QKL Stores Inc. and Yangtze River Port and Logistics Ltd. From September 2009 to April 2020, he served as an independent non-executive director and chairman of the audit committee at Golden Century International Holdings Group Limited. Additionally, from September 2018 to April 2021, Mr. Chan held the position of company secretary at ZMFY Automobile Glass Services Limited and was delisted in May 2023. Subsequently, from July 2021 to July 2022, he served as the company secretary at New City Development Group Limited.