Change - Announcement of Cessation::Resignation of Executive Director and Chief Commercial Officer - Dato' Alvin Joseph Nesakumar

Issuer & Securities

Issuer/ Manager
MEDI LIFESTYLE LIMITED
Securities
MEDI LIFESTYLE LTD - SGXE63978766 - Z4D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2024 18:56:02
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Commercial Officer - Dato' Alvin Joseph Nesakumar
Announcement Reference
SG240730OTHRGO5B
Submitted By (Co./ Ind. Name)
Herry Pudjianto
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Dato' Alvin Joseph Nesakumar ("Dato' Alvin") as Executive Director and Chief Commercial Officer.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Charmian Lim, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210

Additional Details

Name Of Person
Dato' Alvin Joseph Nesakumar
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2024
Detailed Reason (s) for cessation
Dato' Alvin has tendered his resignation as Executive Director and Chief Commercial Officer of the Company on 29 July 2024 to pursue other career opportunities. The Company and Dato' Alvin have mutually agreed for his last day of employment to be 31 July 2024. During this period, Dato' Alvin will hand over his duties and responsibilities to Mr. Herry Pudjianto, the Executive Chairman and Chief Executive Officer of the Company.

The Board would like to express its appreciation towards Dato' Alvin for his invaluable contributions during his tenure.

The Sponsor, after having interviewed Dato' Alvin, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Dato' Alvin as Executive Director and Chief Commercial Officer.
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
01/07/2023
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Commercial Officer
Role and responsibilities
Executive. His main responsibilities are to:
- lead the development of the Company's identity and brand
- engage in managing customer relationships
- develop sales plans and partnership programs for optimal performance and growth
- review and evaluate market trends and industry developments
- identify ways to improve systems/ processes on all delivery activities
- collaborate with functional/ departmental managers to motivate, drive and develop new talents within the Group
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorship:
- Malaysian Genomics Resource Centre Berhad
- MGRC Trading Sdn. Bhd.
- MGRC Healthcare Sdn. Bhd.
- MGRC Therapeutics Sdn. Bhd.
- LifeBrandz Ltd

Other Principal Commitment:
- Meluha Life Science Sdn Bhd
Present
Directorship:
- Nara Clinic (under Widuria Sdn. Bhd.)
- 3Logy Media Sdn. Bhd.
- Aptomed Sdn. Bhd.

Other Principal Commitments:
- Nil