Change - Announcement of Appointment::Appointment of Non-Executive Chairman and Director of Subsidiary

Issuer & Securities

Issuer/ Manager
METECH INTERNATIONAL LIMITED
Securities
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Mar-2020 12:13:32
Status
New
Announcement Sub Title
Appointment of Non-Executive Chairman and Director of Subsidiary
Announcement Reference
SG200303OTHRWAR1
Submitted By (Co./ Ind. Name)
Monica Kwok
Designation
VP
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Liu Changsheng as Non-Executive Chairman and Director of Nolash Tech Pte. Ltd.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is: Name: Mr. Lay Shi Wei, Registered Professional, RHT Capital Pte. Ltd. Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619 Telephone: (65) 6381 6966

Additional Details

Date Of Appointment
03/03/2020
Name Of Person
Liu Changsheng
Age
43
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Liu Changsheng ("Mr. Liu") is currently the Non-Executive Non-Independent Director of the Company.

Following the disposal of the Group's electronic waste management business and in view of the Group's new business directions and investment parameters, the Board, having considered Mr. Liu's capabilities, qualifications and experiences, is of the opinion that Mr Liu, who is a Chinese national and the Company's Legal Representative in China, is its best option to be appointed as Non-Executive Chairman of the Company.

Mr. Liu has also been appointed Director of Nolash Tech Pte. Ltd., a wholly-owned subsidiary of the Company, on 26 February 2020 to undertake the new business directions and investment parameters.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman, Non-Executive Non-Independent Director
Professional qualifications
Mr. Liu was awarded a Doctoral Degree in Hedge Fund Management by Beijing Normal University in 2001. He obtained his Master Degree in International Economics and Finance from China Central University of Finance and Economics in 1999. Mr. Liu was also awarded an EMBA by Peking University, specialising in public listing and fund raising in 2011. Mr. Liu is a graduate of Henan University of Science and Technology, with a Bachelor s Degree in International Trade in 1997.

Mr. Liu obtained his international qualification certification of FAM Financial Risk Manager from GARP Global Risk Management Association, and he is also qualified for fund management.
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
Mr. Liu is the sole legal and beneficial owner of Changsheng Investment Development Limited, a substantial shareholder of the Company which hold 17,818,052 ordinary shares, representing 17.81% of the total issued shares in the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2009 to 2011 - General Manager, Hualing Investment Holding Group
2011 to 2015 - Deputy Head, China Construction Bank, Henan Branch
2015 to 2017 - Co-founder, eCapital (China) Finance Leasing
2015 to 2018 - Founder, GuoRong China Finance Bank (Beijing) Asset Management
2018 to Present - Executive Director and Chief Executive Officer, KTL Global Limited
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?
Yes
Shareholding Details
17,818,052 ordinary shares (deemed)
# 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
Please refer to Appendix 1.
(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
No
(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?
No
(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?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr. Liu Changsheng is currently the Non-Executive Non-Independent Director of the Company.

Attachments

Appendix 1 - Other Principal Committments including Directorships_LCS.pdf
Total size =89K