New Concepts Holdings Limited announced that, Dr. Zhang Lihui (``Dr. Zhang'') has resigned as a non-executive Director with effect from 31 August 2023 in order to devote more time to focus on his other business commitments. Following his resignation, Dr. Zhang will no longer hold any position in the Company. The Board announced that, with effect from 1 September 2023, Ms. Du Yun (``Ms. Du'') is appointed as an independent non-executive Director.

Ms. Du, aged 41, is appointed as an independent non-executive Director with effect from 1 September 2023. She is the vice president of HOPU Jinghua (Beijing) Investment Consultancy Co. Ltd. (``HOPU Investment'') since April 2018.

Prior to this, Ms. Du had served as the senior vice president in charge of the gas business in Engie (China) Energy Technology Co. Ltd. (``Engie China'') from September 2014 to April 2018. Ms. Du obtained the qualification from the Chartered Financial Analyst Institute and is a chartered financial analyst (CFA).

Ms. Du obtained a bachelor's degree in Science in 2003 from Tongji University, and further obtained a master degree in Science at Ecole´ Polytechnique (a university in France).