The board of directors of Cordlife Group Limited announced that re-designation of Mr. Michael Steven Weiss from Non-Independent Non-Executive Director to Executive Director, Business Development and Mergers &Acquisitions; the appointment of Mr. Choo Boon Yong as the Group Chief Financial Officer of the company and the re-designation of Ms. Thet Hnin Yi from Chief Financial Officer to Group Finance Director. The appointment and re-designations will take effect from February 1, 2017. Mr. Weiss, as the Executive Director for Business Development and Mergers & Acquisitions, will oversee all aspects of strategic acquisitions, identify and review potential mergers and acquisitions and corporate development opportunities and drive inorganic growth strategies.

Mr. Choo, as the group CFO, will be responsible for overseeing the group's finance functions. He will support the group CEO in achieving the group's strategic vision, assisting in the development of new businesses and maintaining investor relations. Ms. Thet, as the Group Finance Director, will be responsible for managing the Group's finance operations, including the statutory filings, accounting audits, finance controls and treasury.