Change - Announcement of Cessation::Resignation of Executive Director and Chief Commercial Officer - Tan Chai Hong

Issuer & Securities

Issuer/ Manager
MEDI LIFESTYLE LIMITED
Securities
MEDI LIFESTYLE LIMITED - SG2D67974808 - 5TN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Jul-2022 19:16:03
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Commercial Officer - Tan Chai Hong
Announcement Reference
SG220708OTHRNHEG
Submitted By (Co./ Ind. Name)
Low Koon Poh
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Tan Chai Hong ("Ms Yvette Tan") as Executive Director and Chief Commercial 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 Charmian Lim, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.

Additional Details

Name Of Person
Tan Chai Hong
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2022
Detailed Reason (s) for cessation
Ms Yvette Tan tendered her resignation to pursue other career opportunities.

The Board thanks Ms Yvette Tan for her invaluable contributions during her tenure of service.

Ms Yvette Tan's role and responsibilities will be assumed by Company's existing management team including Dato' Low Koon Poh, Executive Chairman and Chief Executive Officer of the Company.

The Company's Sponsor, SAC Capital Private Limited, after having interviewed Ms Yvette Tan, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Yvette Tan as Executive Director and Chief Commercial Officer of the Company.
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
01/12/2020
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Commercial officer
Role and responsibilities
Ms Yvette Tan is responsible to:
- lead the development of the Company's identity and brand
- engage the organisation in managing customer relationships, revenue and profit
- develop sales plans and partnership programs for optimal performance and growth
- review and evaluate market trends and industry developments
- improvise systems/ processes on all delivery activities
- collaborate with functional/ departmental managers to motivate, drive and develop new talents within the organisation
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)
IEV Energy Investment Pte. Limited (struck off on 7 April 2022)
Present
- Windsor Investments Pte. Ltd.
- HealthPro Group (S) Pte. Ltd.
- HealthPro Pharma Pte. Ltd.