The board of directors of Life Healthcare Group Limited announced that Mr. Chan Man Kiu has tendered his resignation as an independent non-executive director of the Company with effect from 31 March 2023 as he needs to devote more time to his other business engagements. Accordingly, Mr. Chan will cease to be a member of each of the audit committee, the remuneration committee and the nominating committee of the Company with effect from the same date. Following the resignation of Mr. Chan, the Board comprises of only two INEDs.

As such, the Company fails to meet the requirements set out in (i) Rule 3.10(1) of the Listing Rules that the Company must have at least three INEDs; (ii) Rule 3.21 of the Listing Rules and paragraph 1 of the Terms of Reference of the Audit Committee that the Audit Committee must comprise a minimum of three members and the majority of its members must be INEDs; (iii) paragraph 3 of the Terms of Reference of the Remuneration Committee that the Remuneration Committee must comprise a minimum of three members; and (iv) paragraphs 2 and 3 of the Terms of Reference of the Nomination Committee that the Nomination Committee must comprise a minimum of three members and the majority of its members must be INEDs.