The Board of Directors (the "Board") of Pan-United Corporation Ltd. (the "Company", and together with its subsidiaries, the "Group") announced that the role of the Deputy Chairman of the Company, which is currently held by Mr. Patrick Ng Bee Soon ("Mr Ng"), has been reverted from a non-executive to an executive position with effect from 1 October 2022. Mr. Ng will remain and serve as the Deputy Chairman of the Company in the new executive role. His main duties would be to focus on the Group's overall growth strategies and also oversee the overseas investment portfolios of the Group.

Mr. Ng was the Chief Executive Officer ("CEO") of the Company from January 2004 to February 2011. Thereafter, he stepped down as the CEO and remained on the Board as Deputy Chairman of the Company in an executive capacity. In February 2018, Mr. Ng relinquished his executive position following the demerger of the Group's port business and continues to serve on the Board in a non-executive capacity with the same title of Deputy Chairman.

Mr. Ng is also a director of several subsidiaries in the Group.