Change - Announcement of Appointment::Appointment of Executive Chairman & Chief Executive Officer

Issuer & Securities

Issuer/ Manager
LIFEBRANDZ LTD.
Securities
LIFEBRANDZ LTD. - SG1DF7000002 - 1D3
LIFEBRANDZ LTD. W240621 - SGXN94246398 - NCXW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Dec-2023 17:26:36
Status
New
Announcement Sub Title
Appointment of Executive Chairman & Chief Executive Officer
Announcement Reference
SG231222OTHRET8D
Submitted By (Co./ Ind. Name)
Lim Yit Keong
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Lee Khai Yinn (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
01/01/2024
Name Of Person
Lee Elaine
Age
30
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board having considered the recommendation of the Nominating Committee and assessed Ms. Lee Elaine's qualification and working experience, is of the view that Ms. Lee Elaine has the requisite experience and capabilities to assume the duties and responsibilities of the Executive Chairman & Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Ms. Lee Elaine is responsible for setting the strategic direction of the Group together with the Board and overseeing the overall management of the Group, including steering the business and operations for future growth and expansion.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman & Chief Executive Officer
Professional qualifications
University of London (EXT) - Bachelor of Law
Certified Legal Practice - Legal Professional Qualifying Board (Malaysia)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2017: Messrs Olivia Lim & Co, Kuala Lumpur, Malaysia - Pupillage
2017-2018: Messrs Kelvin & Co, Kuala Lumpur, Malaysia - Legal Associate
2018-2019: Messrs Ben & Partners, Kuala Lumpur, Malaysia - Legal Associate
2019-2023: Ching, Elaine & Co, Kuala Lumpur, Malaysia - Founder & Managing Partner
2023-Present: LifeBrandz Ltd., Singapore - In-house Legal Counsel
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Directorship:
Advancecon Holdings Berhad

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorship:
Nil

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Ms. Lee Elaine does not have prior experience as director of a listed company in Singapore. The Company will arrange for Ms. Lee Elaine to receive mandatory training within 1 year from her appointment date to familiarise her with the roles and responsibilities of a director of a listed company in Singapore.