Change - Announcement of Appointment::Appointment of Executive Director

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
01-Nov-2020 15:44:07
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG201101OTHRYJTX
Submitted By (Co./ Ind. Name)
Monica Kwok
Designation
VP
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Hua Lei as Executive Director of Metech International Limited.

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 assumes 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 Mr Lay Shi Wei - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Additional Details

Date Of Appointment
01/11/2020
Name Of Person
Hua Lei
Age
37
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Ms Hua Lei is currently the Deputy Chief Executive Officer of the Company and a Director of the Company's wholly owned subsidiaries, Nolash Tech Pte. Ltd. and Asian Green Tech Pte. Ltd. She has been working in the Group for many years and is familiar with the Group's business. The Board of Directors had approved the Nominating Committee's recommendation of the appointment of Ms Hua Lei as the Executive Director of the Company, having considered her working experience in the Company and qualifications, is of the view that she has the requisite experience, competency and capabilities to assume the responsibilities as an Executive Director and Deputy Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Ms Hua Lei will be responsible for managing and overseeing the overall business strategy and development of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Deputy Chief Executive Officer
Professional qualifications
Ms Hua Lei holds a Bachelor of Accounting Degree and is also a member of the Institute of Singapore Chartered Accountants (ISCA) and the Association of Chartered Certified Accountants (ACCA).
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
No
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
March 2016 to Present
Metech International Limited
- Joined as Group Senior Financial Manager on 1 March 2016
- Re-designated as Group Financial Controller on 1 June 2016
- Re-designated as Deputy Chief Executive Officer on 18 March 2019

April 2013 to February 2016
Advance SCT Limited (now known as Citicode Ltd.)
- Joined as Finance Manager and appointed to Group Financial Controller in the same year

August 2012 to April 2013
Metech International Limited
- Group Assistant Finance Manager

December 2010 to August 2012
Moore Stephens LLP
- Audit Senior (last position held)

January 2008 to July 2010
Crowe Horwath First Trust LLP
- Audit Senior (last position held)
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
213,000 ordinary shares in the issuer (direct)
# 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)
Apzenith Capital Pte. Ltd.
Everglory Radiator (Shenyang) Co., Ltd (de-registered)
Blufort Enviro (Shenyang) Co., Ltd.
Greenspace Water (Shenyang) Co., Ltd.
Fort Xinglong (Shenyang) Co., Ltd.
Greenspace Water (Xinmin) Co., Ltd.
Present
Nolash Tech Pte. Ltd.
Asian Green Tech Pte. Ltd.
Nolash Agritech (Shanghai) Co., Ltd.
Goldman HYTE Pte. Ltd.
Metech International Limited
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Although Ms Hua Lei ("Ms Hua") had undertaken equivalent responsibilities of a director, the Company will arrange for Ms Hua to attend the mandatory training organised by Singapore Institute of Directors as required under the Catalist Rules.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
As above.