Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
MTQ CORPORATION LIMITED
Securities
MTQ CORPORATION LIMITED - SG0507000073 - M05
MTQ CORPORATION LIMITEDW230417 - SG5HA0000002 - CRWW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jul-2020 17:23:40
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG200728OTHR60AK
Submitted By (Co./ Ind. Name)
Tan Lee Fang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Huang Yuan Chiang
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2020
Detailed Reason (s) for cessation
Mr Huang Yuan Chiang decided not to seek for re-election and retired as a Director at the conclusion of the Annual General Meeting of the Company held on 28 July 2020.

Consequent thereto, Mr Huang also ceased to be the Chairman of the Nomination and Remuneration Committee and a member of the Audit Committee.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
08/08/2001
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Independent Director
- Chairman of Nomination and Remuneration Committee
- Member of Audit Committee
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Huang Yuan Chiang holds 273,030 ordinary shares and 28,927 warrants in MTQ Corporation Limited.
Past (for the last 5 years)
- Mercator Lines (Singapore) Limited
Present
- Hwa Hong Corporation Limited
- Asia Commercial Bank, Vietnam

Attachments

MTQ_-_Changes_to_the_composition_of_the_Board_Committees.pdf
Total size =53K