News

Investment In Cannery Holding Pte. Ltd.

The Board of Directors of Lifebrandz Ltd. (the "Company") wishes to announce that the Company has subscribed for 1 ordinary share of S$1 in the capital of Cannery Holding Pte. Ltd. ("Cannery") at par. The authorised share capital of Cannery is S$5,000,000 divided into 5,000,000 ordinary shares of S$1 each.

Cannery is set up to be principally engaged in lifestyle entertainment establishment.

Mr Kenneth Goh Tzu Seoh and Mr Clement Lee Shieh-Peen are nominated as directors of Cannery.

The above investment was funded through internal resources and is not expected to have any material impact on the earnings per share and the net tangible assets per share of the Company for the most recently completed financial year.

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect in the above investment.