Health and Happiness (H&H) International Holdings Limited announces that the Company and Mr. Camillo Pane, the chief executive officer of the Company, have mutually agreed to separate and Mr. Pane's service contract with the Company has ended due to his decision to pursue other personal and professional interests. Accordingly, Mr. Pane has stepped down the chief executive officer of the Company with effect from 17 November 2023. For the purpose of providing consistent and sustainable leadership to the Group's management after the departure of Mr. Pane, the Board has established a chief executive officer Office, comprising rotating CEO, which will be sequentially taken by regional CEO of North America and Europe, regional CEO of Asia, Australia and New Zealand, and regional CEO of China, who will act as the CEO of the Group by rotation (in the abovementioned order) for a term of 9 months each commencing on 1 December 2023; and (ii) as standing members, the Group's chief financial and operating officer, the Group's chief people officer and the chairman of the Board.

The rotating CEO will report to the chairman of the Board. The current regional CEO of North America and Europe, regional CEO of Asia, Australia and New Zealand, and regional CEO of China are Mr. Akash Bedi, Mr. Nicholas Russell Lamande Mann and Ms. Fengting Li (known as Suceka Li), respectively. The biographical details of Mr. Bedi, Mr. Mann and Ms. Li are set out in the Annual Report.

This new leadership mechanism shall be implemented as a new permanent fixture of the Group's governance structure.