Change - Announcement of Cessation::Resignation of Independent Non-Executive Director - Tan Sri Ahmad Bin Mohd Don

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
27-Mar-2024 21:39:07
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director - Tan Sri Ahmad Bin Mohd Don
Announcement Reference
SG240327OTHRIW57
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 Tan Sri Ahmad Bin Mohd Don ("Tan Sri Ahmad") as Independent Non-Executive Director.

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
Tan Sri Ahmad Bin Mohd Don
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2024
Detailed Reason (s) for cessation
Due to a critical health condition, Tan Sri Ahmad had in early March 2024 notified the Company of his intention to resign as an Independent Director of the Company. Taking into consideration the foregoing and the availability of a new director to replace his role in the respective board committees, the Board and Tan Sri Ahmad have mutually agreed for his date of cessation to take effect on 31 March 2024.

The Board would like to express its appreciation towards Tan Sri Ahmad for his invaluable contributions during his tenure.

In view of Tan Sri Ahmad's critical health condition, the Sponsor was unable to conduct an exit interview with him. The Company was also unable to obtain Tan Sri Ahmad's confirmation on the contents of this announcement.

Notwithstanding, to the best knowledge of the Company and based on information available, the Company has indicated negative responses to the questions in relation to (i) any unresolved differences in opinion on material matters between Tan Sri Ahmad and the Board of Directors; (ii) any matter in relation to Tan Sri Ahmad's cessation that needs to be brought to the attention of the shareholders; and (iii) any other relevant information to be provided to shareholders. Should new information relating to Tan Sri Ahmad's cessation be made known subsequent to the release of this announcement, the Company will promptly update its shareholders.
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
16/01/2020
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Member of Audit, Risk, Remuneration and Nominating Committees
Role and responsibilities
Independent Non Executive Director, Member of Audit, Risk, Remuneration and Nominating Committees
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)
Directorships
- Hap Seng Plantations Holdings
- Zurich Takaful Malaysia Berhad
- YR Associates Sdn Bhd
- Global Biomarine Pty Ltd
- United Malacca Berhad
- International Natural Resources Pte Ltd
- PT Lifere Agro Kapuas
- PT Bintang Gemilang Permai
- PT Wana Rindang Lestari
- Sunway REIT Management Sdn Bhd (manager of Sunway Real Estate Investment Trust)
- Malaysian Genomics Resource Centre Berhad

Other Principal Commitment
Nil
Present
Directorships
- Alliance Bank Malaysia Berhad
- IT Bizflow Sdn Bhd

Other Principal Commitments
Nil