PANGU (the PAir-productioN Gamma-ray Unit) is a small astrophysics mission with wide field of view optimized for spectro-imaging, timing and polarisation studies. It will map the gamma-ray sky from 10 MeV to a few GeV with unprecedented spatial resolution. This window on the Universe is unique to detect photons emitted directly by relativistic particles, via the decay of neutral pions, or the annihilation or decay light from anti-matter and the putative light dark matter candidates. A wealth of questions can be probed among the most important themes of modern physics and astrophysics. The PANGU instrument is a pair-conversion gamma-ray telescope based on an innovative design of a silicon strip tracker. It is light, compact and accurate. It consists of 100 layers of silicon micro-strip detector of 40 x 40 cm2 in area, stacked to height of about 90 cm, and covered by a top anticoincidence detector. PANGU relies on multiple scattering effects for energy measurement, reaching an energy resolution between 30-50% for 10 MeV - 1 GeV. The novel tracker will allow the first polarisation measurement and provide the best angular resolution ever obtained in the soft gamma ray and GeV band. PANGU has been proposed to the recent ESA-CAS Call for Joint Small Science Mission. In this contribution, the key science objectives, the payload concept and the expected performance will be presented.