FSE Lifestyle Services Limited announced that Dr. Cheng Kar Shun, Henry ("Dr. Cheng"), a non-executive Director and Chairman of the Board, has appointed Mr. Lam Wai Hon, Patrick ("Mr. Lam"), who is currently an executive Director and Executive Vice-Chairman, in place of Mr. Doo Wai Hoi, William ("Mr. Doo"), an executive Director and Chairman of the Board, as his alternate director with effect from 19 March 2024. There is no service contract or letter of appointment between the Company and Mr. Lam in respect of his role as the alternate director to Dr. Cheng nor is his appointment as the alternate director to Dr. Cheng subject to a fixed length of service. Mr. Lam will cease as the alternate director to Dr. Cheng (1) if he is removed by Dr. Cheng as his alternate director, or when Dr. Cheng ceases as a Director; or (2) upon the happening of any event which would cause Mr. Lam to vacate from his office of Director.

Mr. Lam is not entitled to receive any remuneration from the Company in his capacity as the alternate director to Dr. Cheng.