The Board of Directors of LifeBrandz Ltd. announced the following changes: Following a change in the controlling shareholder of the company as announced by the Company on 17 April 2024 and 7 May 2024, Ms. Lee Elaine ("Ms. Elaine"), Executive Chairman of the Company, Mr. Law Chun Sian ("Mr. Law"), Executive Director and Senior Commercial Manager of the Company and Dato' Alvin Joseph Nesakumar ("Dato' Alvin"), Independent Director of the Company (collectively, the "Resigning Directors"), have resigned and their cessation date is 8 May 2024. The detailed template announcement pursuant to Rule 704(6) of the Listing Manual ­ Section B: Rules of Catalist of Singapore Exchange Securities Trading Limited ("Catalist Rules"), containing the respective particulars of the Resigning Directors, have been released separately via the SGXNet on 7 May 2024. Mr. Ng Boon Hui (Mr. Ng) and Mr. Loke Pak Hoe, Patrick ("Mr. Loke") have been nominated by the new controlling shareholder of the Company, Aurico Global Holdings Pte.

Ltd., as the Executive Chairman of the Company, and Executive Director and Head of Corporate Development of the Company, respectively with effect from 8 May 2024. In addition, Ms. Linda Hoon Siew Kin ("Ms. Linda") has been appointed as an Independent Director of the Company with effect from 8 May 2024. Upon appointment as Independent Director, Ms. Linda will be appointed as the Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.

The Board considers Ms. Linda to be independent for the purpose of Rule 704(7) of the Catalist Rules. Mr. Thong Kok Jing ("Mr. Thong") has tendered his resignation as FC and his last day of employment with the Company will be 14 May 2024. Due to the new job requirement, Mr. Thong has obtained the Board's consent to shorten his notice period from 3 months to 1.5 months.

During this interim period, Mr. Thong will hand over his duties and responsibilities to Mr. Loke until the Company finds a suitable FC replacement. Mr. Thong will endeavor to provide his assistance to Mr. Loke to ensure a smooth handover and transition. Consequent to the abovementioned changes, the composition of the Board and Board Committees of the Company shall be reconstituted as follows with effect from 8 May 2024: Board of Directors:- Mr. Ng Boon Hui - (Executive Chairman and Chief Executive Officer), Mr. Loke Pak Hoe, Patrick - (Executive Director and Head of Corporate Development), Mr. Lim Yit Keong - (Lead Independent Director), Ms. Wang Xiaolan - (Independent Director), Ms. Linda Hoon Siew Kin - (Independent Director).

Audit Committee:- Mr. Lim Yit Keong - (Chairman), Ms. Wang Xiaolan - (Member), Ms. Linda Hoon Siew Kin - (Member). Nominating Committee:- Ms. Wang Xiaolan - (Chairman), Mr. Lim Yit Keong - (Member), Ms. Linda Hoon Siew Kin - (Member). Remuneration Committee:- Ms. Linda Hoon Siew Kin - (Chairman), Mr. Lim Yit Keong - (Member), Ms. Wang Xiaolan - (Member).

Role And Responsibilities are Executive. Mr. Ng is responsible for setting the strategic direction of the Group together with the Board. He also oversees day-to-day operations, including steering the business and operations for future growth and expansion and managing the risk portfolio of the Group.

Working Experience is 2014 to Present: Anchor of Life Training Consultants - Founder and Principal Trainer 2005 to 2014: Mindchamps Singapore - Chief Education Advisor. Other DirectorShips Past: Directorships: Bridge Alliance Asia Holdings Pte. Ltd. (Struck Off) Measurex Precision (II) Pte.

Ltd. (Dissolved Members Voluntary Winding Up) Growth Direction Partners Asia Pte. Ltd. (Struck Off) Astraltec Pte. Ltd. (Struck Off) Astral Peptide Pte.

Ltd. (Struck Off) Singapore Family Eye Centre Pte. Ltd. (Struck Off) Nattypetz Pte. Ltd. (Struck Off) Ginkgo Edutech Pte.

Ltd. (Struck Off) Bacton Pte. Ltd. (Struck Off) Droplet Foundation Pte. Ltd. (Struck Off) JC Global Developments Pte.

Ltd. Nanotec Preventive Healthcare Pte. Ltd. (In Liquidation Creditors Voluntary Winding Up) Other principal commitments: Nil. Other DirectorShips Present:- Directorships: Anchor of Life Training Consultants Pte.

Ltd. Anchor of Life Venture Pte. Ltd. Astral Ocular Pte. Ltd. Aurico Global Holdings Pte.

Ltd. Eighteen T Holdings Pte. Ltd. My Preschool Hub Pte. Ltd. Barley and Roof Pte.

Ltd. Bespoke Habitat J3 Pte. Ltd. Digital Marketing in a Box Private Limited Skai Assets Pte. Ltd. Skainom Pte.

Ltd. Other principal commitments: Please refer to "Working experience and occupation(s) during the past 10 years' section above. While Mr. Ng will continue to be a principal trainer at Anchor of Life Training Consultants, he has confirmed that the time commitment is not significant and he will be able to devote his time and attention to the Group's business operations. Director Experience Details:- Mr. Ng does not have prior experience as director of a listed company in Singapore.

The Company will arrange for Mr. Ng to receive mandatory training for first time directors within 1 year from his appointment date to familiarise him with the roles and responsibilities of a director of a listed company in Singapore. Professional Qualifications are National University of Singapore - Bachelor of Business Administration (BBA) Institute of Adult Learning - Advanced Certificate in Training and Assessment (ACTA) International Coaching Foundation - Professional Certified Coach. Appointment date is May 8, 2024.

Details on 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. Professional Qualifications: National University of Singapore - Bachelor of Business Administration (BBA) Institute of Adult Learning - Advanced Certificate in Training and Assessment (ACTA) International Coaching Foundation - Professional Certified Coach.