The Board of Lifestyle International Holdings Ltd. announced that with effect from 28 June 2016, Mr. Lau Luen Hung, Thomas has been re-designated from an executive Director to a non-executive Director of the Company and has resigned as the Chief Executive Officer of the Company. Mr. Lau has been re-designated as a non- executive Director and Chairman of the Company in view of his new role in Lifestyle China as its executive director, chairman and chief executive officer. Mr. Lau, aged 62, became the managing director of the Company in January 2004.

He was the Chairman and the Chief Executive Officer of the Company who leads and manages the Group by setting and implementing policies and strategies, and monitoring results and targets of the operations of the Group. He was re-designated as a non-executive director in June 2016 and will continue to be the Chairman of the Company after such re-designation.