LifeBrandz Ltd. announced cessation of Lee Elaine as Executive Chairman. Role And Responsibilities: Executive. Ms. Elaine is responsible for setting the strategic direction of the Group together with the Board and overseeing the overall management of the Group, including steering the business and operations for future growth and expansion. Other DirectorShips Past include Advancecon Holdings Berhad. Other DirectorShips Present are as follows: outside the Group: Nil Within the Group: Superfood Kitchen Pte. Ltd. LB F&B Pte. Ltd. The Green Bar Pte. Ltd. Cloud Eight Pte. Ltd. LifeBrandz Investment Management Pte. Ltd. Ms. Elaine will also step down as a director of the abovementioned Group's subsidiaries on the same day or as soon as practicable.
Reason For Cessation There has been a change in the controlling shareholder of the Company and, as a result, a change to the composition of the Board. Ms. Lee Elaine's ("Ms. Elaine") resignation is to facilitate the appointment of new Board members nominated by the new controlling shareholder, Aurico Global Holdings Pte. Ltd.