Change - Announcement of Appointment::Appointment of Executive Chairman and Chief Executive Officer - Herry Pudjianto

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
26-Feb-2024 23:11:43
Status
New
Announcement Sub Title
Appointment of Executive Chairman and Chief Executive Officer - Herry Pudjianto
Announcement Reference
SG240226OTHRP3V1
Submitted By (Co./ Ind. Name)
Low Koon Poh
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Herry Pudjianto as Executive Chairman and Chief Executive 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 Lee Khai Yinn, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.

Additional Details

Date Of Appointment
27/02/2024
Name Of Person
Herry Pudjianto
Age
43
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Herry Pudjianto was nominated by Lingholm Holdings Pte. Ltd., a substantial shareholder of the Company, as the Executive Chairman and Chief Executive Officer of the Company and the proposal was submitted to the Nominating Committee and Board of Directors ("Board") for their consideration and approval. The Board having considered the recommendation of the Nominating Committee and assessed Mr Herry Pujianto's qualifications and working experience, has approved the appointment of Mr Herry Pudjianto as the Executive Chairman and Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Herry Pudjianto will lead the Board and assume the roles and responsibilities as the Executive Chairman of the Company. As the Chief Executive Officer of the Company, Mr Herry Pudjianto oversees the Group's strategic directions, corporate business expansion, and he is responsible for business development and performance, growth charting and corporate planning of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Professional qualifications
- EAE Business School, Barcelona, Spain - Master's Degree in International Business / Commerce
- InHolland University, Diemen, the Netherlands - Bachelor's Degree in Economics
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
Mr Herry Pudjianto was an executive director of Lingholm Pte. Ltd., a wholly owned subsidiary of Lingholm Holdings Pte. Ltd. ("LHPL"), until he stepped down on 16 January 2024. Following the conversion of convertible bonds transferred to LHPL, LHPL became a substantial shareholder of the Company on 19 February 2024. The directors and shareholders of LHPL are Mr Xia Junwei and Ms Yuan Xiaohan. Mr Herry Pudjianto is not related to the directors and shareholders of LHPL.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Apr 2014 to Jan 2024: Director, Lingholm Pte. Ltd., with a focus on business development, marketing and sales in the commodity trading and investment business.

Apr 2010 to Mar 2014: Business Development Manager, Save Our Planet Investments Pte 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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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
- Rent Tycoons Pte. Ltd.
- Digicult Asia Pte. Ltd.
- Lingholm Pte. Ltd.

Other Principal Commitments
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorships
- Investagro Pte. Ltd.
- SHF21 Pte. Ltd.

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
Disclosure applicable to the appointment of Director only.
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 Herry Pudjianto 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