The board (the "Board") of directors of Life Concepts Holdings Limited announce that with effect from 4 August 2023: Mr. Liu Guowei ("Mr. Liu") has been appointed as an executive Director; and Ms. Li Junping ("Ms. Li") has been appointed as an executive Director. Mr. Liu Guowei aged 43, has more than 10 years of extensive experience in logistics management and supply chain industry. Mr. Liu participated in the planning, establishment and daily management of several raw material supply companies in Mainland China. Mr. Liu has a unique understanding of market development and company operation management. From 2010 to 2017, he was a general manager of Shenzhen City Zhijun Xumu Technology Co., Limited. From 2015 to 2020, he was a director of Shenzhen City Huayu Jin Technology Co., Limited. He is currently a director of Shenzhen City Gubang Electronics Co., Limited a vice president of Shenzhen City Mingjia Art and Culture Promotion Association and general manager of Shenzhen City Qianhai Guangsheng International Commodity Trading Center Co., Limited. Ms. Li Junping aged 44, graduated from Southwestern University of Finance and Economics, studying financial management. Ms. Li has more than 20 years of extensive experience in finance and taxation. She has been acted as senior management for several sizeable companies in the People's Republic of China. From 2019 to 2022, she was a Greater Bay Area manager of Taikang Healthcare Investment Holdings Co. Ltd. She is currently a finance supervisor of Shenzhen Jinyu Huicui Technology Co. Ltd. The Board further announce that with effect from 4 August 2023: Mr. Hui Hung Kwan ("Mr. Hui") has been appointed as an independent non-executive Director, the chairman of the audit committee ("Audit Committee") of the Company, a member of each of the Remuneration Committee and the Nomination Committee; Mr. Bian Hongjiang ("Mr. Bian") has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, a member of each of the Audit Committee and Nomination Committee; Mr. Chen Wenrui ("Mr. Chen") has appointed as an independent non-executive Director, a member of each of the Audit Committee, Remuneration Committee and Nomination Committee. Mr. Hui Hung Kwan aged 51, is currently an independent non-executive Director of Shanghai Kindly Medical Instruments Co. Ltd. since December 2018, and the company secretary of Aurum Pacific (China) Group Limited, a company listed on the GEM Board of the Stock Exchange since May 2023. After obtaining his bachelor's degree in business administration from the
Chinese University of Hong Kong in 1994, Mr. Hui has more than 27 years of experience in accounting, including serving as the chief financial officer of China Creative Global Holdings Limited, a company listed on the Main Board of the Stock Exchange from June 2013 to June 2020 and the independent non-executive director of Gansu Qingheyuan Halal Food Co. Ltd. from September 2018 to June 2021. Mr. Hui is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Mr. Bian Hongjiang aged 48, graduated from the Northeast Agricultural University in July 2010 and majored in accounting. Mr. Bian was an executive director of Tree Holdings Limited from 21 October 2022 to 20 June 2023. Mr. Bian has over 21 years' experience in financial management. He has been the executive director and legal representative of Beijing Huijing Yian Asset Management Co. Ltd. since October 2019 and the financial officer of Shandong Yuanqi Wisdom Agriculture Development Co. Ltd. since May 2022. Mr. Chen Wenrui aged 35, graduated from Xi'an International Studies University in 2011, studying in Russian. He is currently served as director of Investment Banking Department of Zhongtian Capital Holdings (Shengzhen) Limited. Immediately after the appointment of Mr. Liu, Ms. Li, Mr. Hui, Mr. Bian and Mr. Chen: The Audit Committee will be comprised of Mr. Hui, Mr. Bian and Mr. Chen. Mr. Hui is appointed as the chairman of the Audit Committee; The Remuneration Committee will be comprised of Mr. Xu Qiang, Mr. Yu
Qinglong, Mr. Bian, Mr. Hui and Mr. Chen. Mr. Xu Qiang ceased to be the chairman of the Remuneration Committee and Mr. Bian is appointed as the
chairman of the Remuneration Committee; The Nomination Committee will be comprised of Mr. Xu Qiang (as chairman), Mr. Yu Qinglong, Mr. Hui, Mr. Bian and Mr. Chen.