Change - Announcement of Appointment::Appointment of Chief Financial Officer - Chan Chung Pheng

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
15-Jul-2026 22:50:32
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer - Chan Chung Pheng
Announcement Reference
SG260715OTHRNPNZ
Submitted By (Co./ Ind. Name)
Tan Lee Seng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Chan Chung Pheng as Chief Financial 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, #21-01 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.

Additional Details

Date of appointment
01/08/2026
Name of person
Chan Chung Pheng
Age
53
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)
The appointment of Mr Chan Chung Pheng ("Mr Chan") is recommended by the new shareholders of the Company. Please refer to the Company's announcements dated 19 March 2026 and 22 March 2026 for further details.

The Nominating Committee of the Company, after conducting interview with Mr Chan and having reviewed his qualifications and working experience, is satisfied that Mr Chan possesses the requisite qualifications, competencies and work experiences for the position of Chief Financial Officer. Accordingly, the Nominating Committee has recommended to the Board and the Board has approved the appointment of Mr Chan as the Chief Financial Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Chan is responsible for the formation and execution of the Group's financial strategies and planning, treasury and foreign exchange management, tax planning, risk management and internal controls and the Group's financial reporting.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Professional qualifications
Institute of Singapore Chartered Accountant (ISCA) - CA (Singapore)

CPA Australia - Certified Practising Accountant (CPA)

Murdoch University - Bachelor of Commerce (Major in Accounting & Finance)
Working experience and occupation(s) during the past 10 years
April 2024 to May 2026: Group CFO, Hebei Jinbiao Construction Materials Pte. Ltd.

August 2022 to April 2024: Financial Controller, Sweet Potato Project Pte. Ltd.

December 2022 to May 2024: Group Financial Controller, Wasted Collective Pte. Ltd.

April 2013 to current: Director, Ascenture Accounting Services Pte. Ltd.

February 2015 to current: Director, Ascenture Consulting Pte. Ltd.

June 2019 to current: Director, Big Bang Design Pte. Ltd.

February 2023 to current: Director, Drawdown Pte. Ltd.

June 2012 to November 2020: Group Financial Controller, Link (THM) Holdings Pte. Ltd.
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes, Mr Chan was the consultant of the Company from 1 May 2026 to 31 July 2026 and provided business consultancy services, including advising and assisting the Company on merger and acquisitions negotiations and due diligences, and fund-raising exercises.
Conflict of interest (including any competing business)
No
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
Directorships:

Nil

Other Principal Commitments:

Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorships:

Ascenture Accounting Services Pte. Ltd.
Ascenture Consulting Pte. Ltd.
Drawdown Pte. Ltd.
Big Bang Design Pte. Ltd.
NTXLS Asia Pte. Ltd.
Asia-Savant Pte. Ltd.
Varsity Club Pte. Ltd.

Other Principal Commitments:

Please refer to "Working experience and occupation(s) during the past 10 years" section above. Mr Chan's existing executive role as director of 4 entities mentioned entails mainly providing strategic direction and management oversight and he is not involved in the day-to-day operations. The operations of these entities are supported by other employees in these entities. Accordingly, Mr Chan will be able to devote his time and attention on the Group's matters as the Chief Financial Officer of the Company.
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(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.
Not applicable
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