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Change - Announcement Of Appointment Of Chief Executive Officer
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Feb 06, 2015
| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | Appointment of Chief Executive Officer |
| Securities | LIFEBRANDZ LTD. (LIFEBRNZ) |
| Date & Time of Broadcast | Feb 6, 2015 19:05 |
| Submitted By | Toon Choi Fan Company Secretary |
| Description | Appointment of Mr Chng Weng Wah as Chief Executive Officer of the Company. |
| Appointment Details | |
| Date of appointment | Feb 6, 2015 |
| Name of person | Chng Weng Wah |
| Age | 52 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment | The Board having considered the recommendation of the Nominating Committee and assessed Mr Chng Weng Wah's qualifications, expertise and experience, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as the Chief Executive Officer of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Responsible for the overall management of the Group, setting strategic directions while managing operations and plans for the Group's future growth and expansion. |
| Job title | Executive Director, Chief Executive Officer and Member of Nominating Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Spouse of Chan Hui Lan Catherine, a substantial shareholder of the Company. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | February 2005 - Present Equation Summit Limited Group Chief Executive Officer Duties: - Taking charge of the commercial, technical and organizational interests. - Managing and cultivating ties with key shareholders. - Providing leadership to key executives/managers of the finance, administrative, HR, business development and IT departments. - Negotiating strategic terms and closing of deals. - Presiding over the organization's day-to-day, month-to-month and year-to-year functional role. - Supervisory role on all matters on the commercial aspects. - Developing the business in new markets. |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | Direct Interest - 40,000,000 ordinary shares Deemed Interest - 250,000,000 ordinary shares (held by his wife, Chan Hui Lan Catherine) |
| Other Directorships | |
| Note: These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8) | |
| Past (for the last 5 years) | Please see attached. |
| Present | Please see attached. |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at any time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued with any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Information Required persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide full details | WE Holdings Ltd (Non-Executive Director) Metech International Limited (Non-Executive Director) ASTI Holdings Limited (Non-Executive Director) GuangDong Cosmic Digital Technology Co., Ltd. (Non-Executive Chairman/Director) |