Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
LIFEBRANDZ LTD.
Securities
LIFEBRANDZ LTD. - SG1DF7000002 - 1D3
LIFEBRANDZ LTD W190604 - SG5EE8000003 - 1E1W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2019 20:27:13
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG190228OTHRGXIP
Submitted By (Co./ Ind. Name)
Saito Hiroyuki
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by 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
Kayoko Francis
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2019
Detailed Reason (s) for cessation
Managerial differences with CEO in relation to operation of company and strategic direction going forward.

SAC Capital Private Limited, after having interviewed Ms Kayoko Francis, is satisfied that other than as disclosed in this announcement, there are no material reasons for her resignation.
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?
Yes
If Yes, Please provide full details
Unpaid salary for January and February 2019 and AWS
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
13/07/2018
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive Director
1. Evaluate new business opportunities for the Group
2. Assist to oversee operations and strategic direction of the Group
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
4,170,000 shares
Past (for the last 5 years)
Francis Foods Pte. Ltd.
Present
Takumi Holidays Pte. Ltd.
Finesse Digital Pte. Ltd.
Francis Development PT
MCF Commerce Private Limited