Reference is made to the announcement of New Concepts Holdings Limited dated 26 February 2024 in relation to the Proceedings brought by the SFC against Mr. Sui, the Honorary Chairman and a non-executive Director of the Company. The company announced that Mr. Sui has resigned as Honorary Chairman and non-executive Director with effect from 28 February 2024 to devote more time to focus on his personal and other business commitments. Following his resignation, Mr. Sui will no longer hold any position in the Company.

Mr. Sui has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the holders of securities of the Company and the Stock Exchange.