Change - Announcement of Appointment::Appointment of Executive Director

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
07-May-2024 18:10:37
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG240507OTHRZV6G
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 ("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
08/05/2024
Name Of Person
Loke Pak Hoe, Patrick
Age
54
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. Loke Pak Hoe, Patrick ("Mr. Loke") was nominated by Aurico Group Holdings Pte. Ltd. ("Aurico"), a Controlling Shareholder of the Company, as the Executive Director 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. Loke's qualification and work experience, is of the view that Mr. Loke has the requisite experience and capabilities to assume the duties and responsibilities of the Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr. Loke will be responsible for strategic planning, identify potential mergers or acquisition targets, financial
analysis, build and maintain stakeholder relationship and investor relations matters. During the interim, he will also oversee the Group's finance team until the Company finds a suitable financial controller replacement.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Head of Corporate Development
Professional qualifications
Pennsylvania State University, B.Sc. (Finance), Minor 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
Yes. Mr. Loke has 3% shareholding interest in Aurico and he also has a 5% shareholding interest in Eighteen T (as defined below), a subsidiary of Aurico.
Conflict of interests (including any competing business)
Nil. However, for completeness of information, Aurico Global Holdings Pte. Ltd., the Controlling Shareholder of the Company, is a major shareholder (72%) of Eighteen T Holdings Pte. Ltd. ("Eighteen T") and he also directly owns 5% interest in Eighteen T, which is in the restaurant business. Eighteen T is used to venture into a food & beverage project but there are no current operations. Should there be any conflict of interest arise in the future, Mr. Loke will make such conflict of interest known to the Board as soon as possible so that he may recuse himself from such related discussions and/or decisions and resolutions as most appropriate.
Working experience and occupation(s) during the past 10 years
April 2009 to Present : PTL Capital Pte. Ltd. - Founder and Managing Director (Non-executive)
August 2021 to May 2024 : DP Healthverse Holdings Pte. Ltd. - Director of Strategic Development
December 2012 to February 2018 : Kent Institute Australia - Chairman, Governing Board
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:
Hartford Management Centre (Beijing) Pte. Ltd. (Struck Off)
Sing Ed Private Limited (Struck Off)
Melior Education Group (Brazil) Pte. Ltd. (Struck Off)
Prosperous Kitchen (HG) Pte. Ltd. (Struck Off)
Melior Myanmar Pte. Ltd. (Struck Off)
Melior Australia Pte. Ltd. (Struck Off)
Global Executive Education Pte. Ltd. (Struck Off)
Centre for Global Education Pte. Ltd. (Struck Off)
Rui Pte. Ltd. (Struck Off)
DT8 Investments Pte. Ltd. (Struck Off)
Globalone Education Pte. Ltd. (Struck Off)
U.Global HQ Pte. Ltd. (Struck Off)

Other principal commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorships:
Canaan Holdings Pte. Ltd.
DT8 Education Limited
Global Student Services (GSS) Pte. Ltd.
Grandis Education Group Pte. Ltd.
Novo Institute Pte. Ltd.
PTL Capital Pte. Ltd.

Other principal commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above. Mr. Loke is the founder and managing director of PTL Capital Pte. Ltd. which provides management consultancy related services. Upon appointment as
the Executive Director of the Company, Mr. Loke will devote his time and attention on the Group's business and operations.
(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
Mr. Loke does not have prior experience as director of a listed company in Singapore. The Company will arrange for Mr. Loke to receive the mandatory training for first time directors within 1 year from his appointment date to familiarise him with the roles and responsibilities of a director of a listed company in Singapore.