Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED
Securities
NANOFILM TECHNOLOGIES INTL LTD - SGXE61652363 - MZH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jul-2021 18:54:49
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG210705OTHRTPO7
Submitted By (Co./ Ind. Name)
Lim Kian Onn
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Further to the announcement by the Company released on 22 June 2021 relating to the resignation of Mr Lee Liang Huang as Chief Executive Officer and Executive Director, Mr Lee will formally step down as Executive Director of the Company and its Singapore subsidiaries with effect from 6 July 2021. Mr Lee will also cease to be a Member of the Board Risk Committee on the same date.

Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Issue Managers for the initial public offering of shares in, and listing of, the Company on the Mainboard of the SGX-ST on 30 October 2020 ("Offering"). Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Global Coordinators for the Offering. Citigroup Global Markets Singapore Pte. Ltd., CLSA Singapore Pte Ltd, Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Bookrunners and Underwriters for the Offering.

Additional Details

Name Of Person
Lee Liang Huang
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
06/07/2021
Detailed Reason (s) for cessation
Due to health reasons.
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
09/10/2020
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)
4
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.)
Chief Executive Officer
Executive Director
Board Risk Committee Member
Role and responsibilities
Responsible for overseeing the daily management and operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
10,048,840 shares of the Company
Past (for the last 5 years)
1. Sydrogen Energy Pte. Ltd.
2. MG Consulting Holdings Pte. Ltd.
3. Moulding Industries Pte Ltd
4. MI Technologies Pte. Ltd.
5. MI Holdings Pte Ltd
6. Sealing Technologies Pte Ltd
Present
1. Nanofilm Technologies International Limited
2. Nanofilm Advanced Materials Pte. Ltd.
3. Wizture Holdings Pte. Ltd.
4. Nanofab Technologies Pte. Ltd.
5. Nanofilm Vacuum Coating (Shanghai) Co., Ltd
6. Nanofilm Renewable Energy Technology (Shanghai) Co. Ltd
7. Nanofilm Enterprise Management (Shanghai) Co., Ltd
8. Yizheng Nahuan Technologies Co. Ltd
9. Nanofilm Technologies Japan Limited
10. Nanofab Japan Co. Ltd
11. Nanofab Vietnam Co. Ltd