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Change - Announcement Of Resignation Of Lead Independent Director
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May 06, 2020
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Lead Independent Director |
| Securities | LIFEBRANDZ LTD. (LIFEBRANDZ LTD) |
| Date & Time of Broadcast | May 6, 2020 19:01 |
| Submitted By | Saito Hiroyuki Executive Chairman and Chief Executive Officer |
| Description | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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 (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Cessation Details | |
| Name of person | Yoshio Ono |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | May 6, 2020 |
| Detailed reason(s) for cessation | To focus on principal commitments as well as family commitments. SAC Captial Private Limited, after having interviewed Mr Ono, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Ono. For the avoidance of doubt, Mr Ono has tendered his resignation on 29 April 2020 with an initial notice period of one month. However, due to urgent principal and family commitments, the announcement was released on 6 May 2020, being the effective date of resignation, as the Board and Mr Ono had been discussing in relation to the shortening of his notice period. |
| 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 | Sep 22, 2017 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 1 |
| Job Title | Lead Independent Director, Audit Committee Chairman and a member of the Nominating Committee and the Remuneration Committee |
| Role and responsibilities | Lead Independent Director, Audit Committee Chairman and a member of the Nominating Committee and the Remuneration Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | No |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Past (for the last 5 years) | Nil |
| Present | Directorship and Principal Commitment: Tourlife Consultants Pte. Ltd. Interconnect Consultancy Pte Ltd |