Change - Announcement of Cessation :: Resignation of Group Chief Executive Officer
BackFeb 12, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 12, 2025 7:52 |
| Status | New |
| Announcement Sub Title | Resignation of Group Chief Executive Officer |
| Announcement Reference | SG250212OTHRWBN8 |
| Submitted By (Co./ Ind. Name) | Goh Xun Er |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors of Cordlife Group Limited wishes to announce that Mr. Yiu Pang Fai ("Mr. Yiu") has tendered his resignation to the Board. Mr. Yiu will relinquish all his appointments with the Company and its subsidiaries by his last day of service. The Board wishes to put on record its appreciation for Mr. Yiu's contribution during his tenure. The Company has commenced the search for a new Group Chief Executive Officer and will make the appropriate announcement when he or she is appointed. |
| Additional Details | |
| Name Of Person | Yiu Pang Fai |
| Age | 35 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2025 |
| Detailed Reason (s) for cessation | Mr. Yiu informed the Company that he has resigned as the Group Chief Executive Officer of the Company to pursue other opportunities, and will remain available to facilitate a smooth handover of remaining responsibilities. His resignation has been accepted by the Board of Directors 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 | 19/02/2024 |
| 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) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 9 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Group Chief Executive Officer |
| Role and responsibilities | Executive. Overall management of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr. Yiu is the brother of Mr. Yiu Ming Yiu, a Non-Independent and Non-Executive Director of the Company and the son of Mr. Yiu Chi Shing and Madam Lui Yim Sheung, who are deemed interested in the shares of the Company held by TransGlobal Real Estate Group Ltd, a controlling shareholder of the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Not applicable |
| Present | - Cordlife Technologies Pte. Ltd. - CS Cell Technologies Pte. Ltd. - Cordlife Stem Cell Technology Limited - Cordlife (Hong Kong) Limited - Healthbaby Biotech (Hong Kong) Co., Limited - Healthbaby Biotech (Macau) Co., Limited - PT Cordlife Persada - Cordlife Medical Phils., Inc. - StemLife Berhad - Thai Stemlife Co., Ltd - Cordlife Biotech Company Limited - TransGlobal Real Estate Group Ltd - Sichuan Chengmian Expressway Co Ltd |