Life Concepts Holdings Limited announced that Mr. James Fu Bin Lu has resigned as chief executive officer of the Company (the "CEO") with effect from 3 July 2023 in order to devote more time to other work arrangements. Following the resignation of Mr. James Lu as CEO, the Board further announced that Mr. Xu is appointed as CEO with effect from 3 July 2023. While the appointment of Mr. Xu as CEO deviates from code provision C.2.1 of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules, the Board believes that vesting the role of CEO in the same person can facilitate the execution of business strategies and boost the effectiveness of operations.