Change - Announcement of Cessation::Resignation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
LIFEBRANDZ LTD. - SG1DF7000002 - 1D3
LIFEBRANDZ LTD. W240621 - SGXN94246398 - NCXW
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Oct-2021 17:26:19
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Lam Siew Kee
Executive Chairman and Chief Executive Officer
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

Name Of Person
Cheung Ka Ho
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Cheung Ka Ho ("Mr Cheung") will step down as the Chief Financial Officer of the Group to pursue other career opportunities.

SAC Capital Private Limited, after having enquired Mr Cheung, is satisfied that save as disclosed in this announcement, there are no material reasons for the resignation of Mr Cheung.

Mr Cheung has confirmed that there are no concerns with regard to financial reporting that led to his resignation and there are no disagreements with regard to practices that will have an impact on the Group's financial reporting.

The Board wishes to express its sincere gratitude to Mr Cheung for his invaluable contribution to the Group during his tenure of service.

In order to clear his outstanding leave, Mr Cheung has been on leave since 1 October 2021 and his leave will continue until 30 November 2021. To ensure smooth and orderly handover of his duties and responsibilities, Mr Cheung has confirmed that he has completed the handover process before his leave period and he will still be contactable during the leave period.

The Company will finalise the appointment of the replacement Chief Financial Officer and make further announcement(s) in due course. In the interim, Mr Thng Tien Lung, the current Financial Controller of the Company, will undertake the corresponding roles and responsibilities of the Chief Financial Officer during Mr Cheung s leave period and upon the cessation of Mr Cheung.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Executive. Responsible for the Group's accounting, financial and investor relations matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)