Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Deputy Chairman - Zhang Zhi

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
30-Mar-2026 20:10:33
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Deputy Chairman - Zhang Zhi
Announcement Reference
SG260330OTHRSQ9A
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 Zhang Zhi ("Mr Zhang") as Non-Independent Non-Executive Deputy Chairman.

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

Name of person
Zhang Zhi
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/03/2026
Detailed reason(s) for cessation
Mr Zhang has tendered his resignation as a Non-Independent Non-Executive Deputy Chairman of the Company to pursue his other personal interests, following the completion of the disposal of 236,769,564 ordinary shares held by Lingholm Holdings Pte. Ltd. ("LHPL") in the Company.

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

The Sponsor, after having interviewed Mr Zhang, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Zhang as Non-Independent Non-Executive Deputy Chairman.
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 elaborate.
The Company will make relevant announcements on the appointment of Directors and composition of the Board and Board Committees of the Company, in due course.
Date of appointment to current position
01/04/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Non-Independent Non-Executive Deputy Chairman
- Member of the Audit, Nominating, Remuneration and Risk Committees
Role and responsibilities
Non-Independent Non-Executive Deputy Chairman, member of the Audit, Nominating, Remuneration and Risk Committees of the Company
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil. For completeness, please refer to the Company's announcement dated 27 March 2024 for Mr Zhang's relationship with LHPL and its controlling shareholder, Mr Xia Junwei.
Other Directorships
Past (for the last 5 years)
Directorships
- Tianjin Hailong Gas Co., Ltd.
- Tianjin China Petroleum Kunlun Gas Co., Ltd.

Other Principal Commitment
Nil

(Note: The entities' names above are transliterations of the Chinese names of the entities and may not be their legal names.)
Present
Directorships
- Tianjin Chuangzhi Linghang Technology Co., Ltd

Other Principal Commitments
- Tianjin Haigang Natural Gas Co., Ltd. (General Manager)

(Note: The entities' names above are transliterations of the Chinese names of the entities and may not be their legal names.)