Life Concepts Highlights Updated Board Composition and Committee Assignments

Bulletin Express10-16

Life Concepts announced revisions to its board structure effective 16 October 2026. The eight-member Board now comprises four Executive Directors—Yang Qingyang (Chairman), Xu Qiang (Chief Executive Officer), Wu Liyu and Chan Tai Neng—and three Independent Non-executive Directors—Hui Hung Kwan, Bian Hongjiang and Zhai Binbin.

Committee leadership has been realigned as follows: • Audit Committee: Hui Hung Kwan assumes the chairmanship, supported by members Bian Hongjiang and Zhai Binbin. • Remuneration Committee: Bian Hongjiang is appointed Chair, with Yang Qingyang and Zhai Binbin as members. • Nomination Committee: Yang Qingyang takes the Chair, joined by Hui Hung Kwan and Zhai Binbin.

No changes were disclosed for executive management responsibilities, leaving Xu Qiang to continue as CEO. The updated governance framework reinforces the company’s separation of oversight and management duties, with independent directors holding all committee chair positions except for Nomination, which remains under the Board Chairman.

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