Change - Announcement of Appointment :: Appointment of Ms. Chen Xiaoling as Group Chief Executive Officer ("CEO") and Singapore CEO.
BackJun 06, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jun 6, 2025 0:21 |
| Status | New |
| Announcement Sub Title | Appointment of Ms. Chen Xiaoling as Group Chief Executive Officer ("CEO") and Singapore CEO. |
| Announcement Reference | SG250606OTHRT8MU |
| Submitted By (Co./ Ind. Name) | Goh Xun Er |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Ms. Chen Xiaoling as Group Chief Executive Officer ("CEO") and Singapore CEO. |
| Additional Details | |
| Date Of Appointment | 05/06/2025 |
| Name Of Person | Chen Xiaoling |
| Age | 34 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Please refer to the Appendix attached to this announcement, for the Board of Directors' comments on the appointment of Ms. Chen Xiaoling ("Ms. Chen") as Group Chief Executive Officer ("Group CEO") and Chief Executive Officer of Singapore ("SG CEO"). |
| Whether appointment is executive, and if so, the area of responsibility | Executive, responsible for managing and overseeing the Group's day-to-day operations and implementation of the Group's strategies, plans and policies to achieve the planned corporate performance and financial goals. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer of the Group (Group CEO), Chief Executive Officer for Singapore (SG CEO), and Group Executive Director. |
| Professional qualifications | 1. Master's Degree, University of Bath 2. Bachelor of English Literature and Culture, Southwestern University of Science and Technology |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Yes. Ms. Chen is a Director nominated by Nanjing Xinjiekou Department Store Co., Ltd. ("NJXJK"), a substantial shareholder of the Company. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | 2024 to present - Group Executive Director of Cordlife Group Limited 2024 to present - Director, Cordlife Technologies Pte. Ltd. 2024 to present - Director, CS Cell Technologies Pte. Ltd. 2017 to 2024 - Senior Associate President and Deputy General Manager of Strategy Department in Immune-therapy and Stem Cell Business Unit of Nanjing Xinjiekou Department Store Co., Ltd. 2015 to 2017 - Senior Director, International Affairs Department, Sanpower Group 2015 to 2015 - Project Manager, Sino-bridge, London |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # 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) | Nil |
| Present | 1. Cordlife Technologies Pte. Ltd. 2. CS Cell Technologies Pte. Ltd. 3. Cordlife Stem Cell Technology Limited 4. Healthbaby Biotech (Hong Kong) Co., Limited 5. Healthbaby Biotech (Macau) Co., Limited 6. Hong Kong Screening Centre Limited 7. Cordlife Medical Phils., Inc 8. Stemlife Berhad 9. Thai Stemlife Co., Ltd 10. Cordlife (Hong Kong) Limited 11. Qilu Stem Cell Engineering Co. Ltd. 12. Dendreon Pharmaceuticals LLC 13. Nanjing Xinjiekou Department Store Co. Ltd. |
| (a) Whether at any time during the last 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 the 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 | Yes |
| If Yes, Please provide full details | In around March 2024, the Commercial Affairs Department and the Monetary Authority of Singapore jointly commenced investigations into the Company in relation to alleged breaches under the Securities and Futures Act 2001 of Singapore. |
| (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? | Yes |
| If Yes, Please provide full details | Please refer to the response set out in paragraph (j)(i). |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | Yes |
| If Yes, Please provide full details | On 15 May 2024, Ms. Chen attended an interview at the offices of the Commercial Affairs Department and was placed under arrest before being released on bail. As at the date of this announcement, Ms. Chen has not been charged or convicted for any offence. |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Ms. Chen has been the Group Executive Director of the Company prior to her appointment as Group Chief Executive Officer of the Company and SG CEO. |
Attachments
- Appendix (Size: 254,109 bytes)