The board of directors of Life Concepts Holdings Limited announced that with effect from 12 July 2023: Mr. James Fu Bin Lu (Mr. James Lu) has resigned as an executive Director and ceased to act as an authorised representative of the Company (the Authorised Representative) pursuant to Rule 5.24 of the Rules Governing the Listing of Securities on GEM (the GEM Listing Rules) of The Stock Exchange of Hong Kong Limited (the Stock Exchange) in order to focus on his other business commitments; Ms. Li Qing Ni (Ms. Li) has resigned as an executive Director in order to focus on her other business commitments; Mr. Lu Cheng (Mr. Lu) has resigned as an independent non-executive Director, the chairman of the remuneration committee of the Company (the Remuneration Committee) and a member of each of the audit committee (the Audit Committee) and nomination committee (the Nomination Committee) of the Company in order to focus on his other business commitments; Mr. Shi Kangping (Mr. Shi) has resigned as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee in order to focus on his other business commitments; and Mr. Kim Jin Tae (Mr. Kim) has resigned as an independent non-executive Director, and a member of each of the Audit Committee and the Remuneration in order to focus on his other business commitments. Each of Mr. James Lu, Ms. Li, Mr. Lu, Mr. Shi and Mr. Kim (together, the Resigning Directors) confirmed that they have no disagreement with the Board and there are no other matters in relation to their resignation that need to be brought to the attention of the shareholders of the company or the Stock Exchange. Immediately after the resignations of the Resigning Directors:there will be no members and chairman on the Audit Committee; Mr. Xu Qiang is appointed as the chairman of the Remuneration Committee and the Remuneration Committee will be comprised of Mr. Xu Qiang and Mr. Yu Qinglong; and the Nomination Committee will be comprised of Mr. Xu Qiang and Mr. Yu Qinglong.