Rights Issue: 1 new share @ 0.49 HKD for 2 existing shares

Pacific Andes International Holdings Limited is an investment holding company principally engaged in the processing and trading of seafood related products. The Company operates through four business segments. The Frozen Fish Supply Chain Management (SCM) segment is engaged in the sales of frozen fish and other seafood products and provision of shipping services. The Fish Fillets Processing and Distribution segment is engaged in the processing, sales and distribution of frozen seafood products. The Fishery and Fish Supply segment is engaged in the sales of fish and other marine catches from fishery and fish supply activities and the production and sales of fishmeal and fish oil. The Others segment is engaged in the property leasing business in Russia and provision of laboratory testing services.