Change - Announcement of Cessation::Resignation of Independent Non-Executive Director - Chew Wai Meng

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
31-Dec-2024 16:49:02
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director - Chew Wai Meng
Announcement Reference
SG241231OTHRMNP6
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 Mr. Chew Wai Meng ("Mr. Chew") 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, #21-01 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.

Additional Details

Name Of Person
Chew Wai Meng
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
14/01/2025
Detailed Reason (s) for cessation
Mr. Chew has tendered his resignation as Independent Non-Executive Director of the Company on 30 December 2024 as he would like to devote more time in pursuing personal business ventures and interests. Taking into consideration the foregoing, the Company and Mr. Chew have mutually agreed for his cessation to take effect on 14 January 2025. Mr. Chew will also cease to be a member of the Audit, Risk, Remuneration and Nominating Committees.

The Board would like to express its appreciation towards Mr. Chew for his invaluable contributions during his tenure.

The Sponsor, after having interviewed Mr. Chew, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr. Chew as Independent Non-Executive Director.
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?
Yes
If Yes, Please provide full details
The Company is in the midst of sourcing a new candidate to replace Mr. Chew and will make relevant announcements on the composition of the Board and Board Committees of the Company after such an appointment, in due course.
Date of Appointment to current position
27/02/2024
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.)
- Independent Non-Executive Director
- Member of Audit, Risk, Remuneration and Nominating Committees
Role and responsibilities
Independent Non-Executive Director and a 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)
- Beijing Changhe Transport Construction Co., Ltd.
- Durian Entertainment (S) Pte. Ltd.

Other Principal Commitments:
Nil
Present
- Design Sanctuary Pte. Ltd.
- CJ Global Consultancy Pte. Ltd.

Other Principal Commitments:
Nil