Change - Announcement of Cessation::Resignation of Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
CORDLIFE GROUP LIMITED
Securities
CORDLIFE GROUP LIMITED - SG2E64980112 - P8A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Feb-2025 07:52:53
Status
New
Announcement Sub Title
Resignation of Group Chief Executive Officer
Announcement Reference
SG250212OTHRWBN8
Submitted By (Co./ Ind. Name)
Goh Xun Er
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Cordlife Group Limited wishes to announce that Mr. Yiu Pang Fai ("Mr. Yiu") has tendered his resignation to the Board. Mr. Yiu will relinquish all his appointments with the Company and its subsidiaries by his last day of service. The Board wishes to put on record its appreciation for Mr. Yiu's contribution during his tenure.

The Company has commenced the search for a new Group Chief Executive Officer and will make the appropriate announcement when he or she is appointed.

Additional Details

Name Of Person
Yiu Pang Fai
Age
35
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2025
Detailed Reason (s) for cessation
Mr. Yiu informed the Company that he has resigned as the Group Chief Executive Officer of the Company to pursue other opportunities, and will remain available to facilitate a smooth handover of remaining responsibilities. His resignation has been accepted by the Board of Directors of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
19/02/2024
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
9
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Role and responsibilities
Executive. Overall management of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Yiu is the brother of Mr. Yiu Ming Yiu, a Non-Independent and Non-Executive Director of the Company and the son of Mr. Yiu Chi Shing and Madam Lui Yim Sheung, who are deemed interested in the shares of the Company held by TransGlobal Real Estate Group Ltd, a controlling shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Not applicable
Present
- Cordlife Technologies Pte. Ltd.
- CS Cell Technologies Pte. Ltd.
- Cordlife Stem Cell Technology Limited
- Cordlife (Hong Kong) Limited
- Healthbaby Biotech (Hong Kong) Co., Limited
- Healthbaby Biotech (Macau) Co., Limited
- PT Cordlife Persada
- Cordlife Medical Phils., Inc.
- StemLife Berhad
- Thai Stemlife Co., Ltd
- Cordlife Biotech Company Limited
- TransGlobal Real Estate Group Ltd
- Sichuan Chengmian Expressway Co Ltd