Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Deputy Chairman - Zhang Zhi

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Mar-2024 21:39:54
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Deputy Chairman - Zhang Zhi
Announcement Reference
SG240327OTHRCLAA
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)
Appointment of Mr Zhang Zhi ("Mr Zhang") as Non-Independent Non-Executive Deputy Chairman.

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

Date Of Appointment
01/04/2024
Name Of Person
Zhang Zhi
Age
41
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
With the recommendation from the Nominating Committee, the Board of Directors after having reviewed and considered the qualifications and working experience of Mr Zhang, has approved the appointment of Mr Zhang as a Non-Independent Non-Executive Deputy Chairman of Medi Lifestyle Limited (the "Company").
Whether appointment is executive, and if so, the area of responsibility
Non-Independent and Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Deputy Chairman, member of the Audit, Nominating, Remuneration and Risk Committees of the Company
Professional qualifications
- Nanyang Technological University, Singapore - Master of Business Administration
- Tsinghua University, China - Capital Strategy Chairman Class
- ChangZhou University, China - Bachelor's Degree in Information and Computational Science
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
Yes. Mr Xia Junwei ("Mr Xia") is a controlling shareholder of the Company by virtue of his 90.0% shareholding in Lingholm Holdings Pte. Ltd. ("LHPL"). LHPL holds 15.24% of the shares of the Company.

Mr Xia is a 60.0% shareholder of Tianjin Chuangzhi Linghang Technology Co., Ltd., where Mr Zhang holds the position of non-executive chairman. Tianjin Chuangzhi Linghang Technology Co., Ltd. holds 62.28% of Tianjin Haigang Natural Gas Co., Ltd., which in turn holds 35% of Tianjin China Petroleum Kunlun Gas Co., Ltd., where Mr Zhang holds the positions of general manager and non-executive deputy chairman respectively.

Saved as disclosed, Mr Zhang confirms that he does not have any other business relationship with Mr Xia, LHPL and their associates.

(Note: The entities names, Tianjin Chuangzhi Linghang Technology Co., Ltd., Tianjin Haigang Natural Gas Co., Ltd., and Tianjin China Petroleum Kunlun Gas Co., Ltd are transliterations of the Chinese names of the entities and may not be their legal names.)
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2012 to Current:
General Manager of Tianjin Haigang Natural Gas Co., Ltd.

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)
Directorships
Tianjin Hailong Gas Co., Ltd.

Other Principal Commitments
Nil

(Note: The entity name above is the transliteration of the Chinese name of the entity and may not be its legal name.)
Present
Directorships
- Tianjin Chuangzhi Linghang Technology Co., Ltd
- Tianjin China Petroleum Kunlun Gas Co., Ltd.

Other Principal Commitments
- Tianjin Haigang Natural Gas Co., Ltd.

(Note: The entities' names above are transliterations of the Chinese names of the entities and may not be their legal names.)
(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
The Company will make arrangements for Mr Zhang to attend the requisite training on the roles and responsibilities of a director of a listed issuer prescribed by the Exchange within one year from the date of his appointment to the Board.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable