The board of directors of BetterLife Holding Limited announced that Mr. Lou Sai Tong is appointed as an independent non-executive Director, the chairman of the audit committee and a member of the nomination committee of the Board, with effect from November 13, 2023. Mr. Lou Sai Tong, aged 56, has over 30 years of professional and extensive experience working in international audit firms and as chief financial officer/company secretary in various publicly listed companies, including companies listed on The Stock Exchange of Hong Kong Limited. Mr. Lou currently serves as the managing director of Full Capital Group Co.

Ltd. From May 2019 to November 2020, Mr. Lou served as an independent non-executive director of Sino Vision Worldwide Holdings Limited (a company previously listed on the growth enterprise market of the Stock Exchange with stock code 8086). From June 2000 to July 2017, Mr. Lou served as the chief financial officer and/or the company secretary of various companies listed or previously listed on the Stock Exchange or Singapore Exchange, including SMI Holdings Group Limited (a company previously listed on the Main Board of the Stock Exchange with stock code 0198), China Kingstone Mining Holdings Limited (a company listed on the Main Board of the Stock Exchange with stock code 1380), China Shineway Pharmaceutical Group Limited (a company listed on the Main Board of the Stock Exchange with stock code 2877), China NT Pharma Group Company Limited (a company listed on the Main Board of the Stock Exchange with stock code 1011), C&G Environmental Protection Holdings Limited (a company previously listed on the Main Board of the Singapore Exchange with stock code D79) and China Everbright Technology Limited (a company listed on the Main Board of the Stock Exchange with stock code 256, and currently known as Citychamp Watch & Jewellery Group Limited). Mr. Lou graduated from University of South Australia and received a master's degree in business administration.

He is a member of Association of International Accountants as well as a member of Hong Kong Institute of Certified Public Accountants. Taking into consideration of Mr. Lou's background and qualifications, the Directors (including the independent non-executive Directors) consider Mr. Lou is suitable to act as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee. Following the appointment of Mr. Lou as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee, the number of independent non-executive Directors and the number of members of the Audit Committee and the number of independent non-executive Directors in the Nomination Committee meet the requirements under Rules 3.10(1), 3.21 and 3.27A of the Listing Rules.