Glonghui April 12 丨 Pan Asia Environmental Protection (00556professionalpokertable.HK) Announcementprofessionalpokertable, the company began to enter the artificial intelligence ("AI") industry. To further enrich its business portfolio and leverage cutting-edge technology, the company and two joint venture partners established a subsidiary in the United States of America to develop its Web 3.0 business and AI business, thereby expanding its global business. This marks the beginning of the Group's strategic entry into the advanced technology industry.

Regarding the Web 3.0 business, the group will initially focus on decentralized disaster recovery storage solutions. To support its business operations on Web 3.0 infrastructure, the group plans to purchase digital assets equivalent to approximately US$20 million. Regarding the AI business, the Group plans to provide technical services and solutions for AI computing together with the partners of the joint venture.

Guo Jiannan resigned as the chief executive officer of the company due to his intention to focus on his duties and responsibilities as chairman of the board of directors and executive director of the company. Guo will continue to serve as chairman and executive director. The board of directors is pleased to announce that Zhu Duke Li, a partner of the joint venture, will join the company as executive director and chief executive officer.