Change - Announcement of Cessation::CESSATION OF NON-INDEPENDENT NON-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 Cessation
Date &Time of Broadcast
12-May-2024 22:51:13
Status
New
Announcement Sub Title
CESSATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG240512OTHR5RHE
Submitted By (Co./ Ind. Name)
WANG ZHUO
Designation
EXECUTIVE DIRECTOR AND CEO
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

The contents of the announcement relating to Mr. Ng Cheng Huat have been prepared based on the best knowledge of the Company, as the Company has not been able to obtain confirmation from Mr. Ng Cheng Huat regarding such matters.

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
NG CHENG HUAT
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
11/05/2024
Detailed Reason (s) for cessation
Following the conclusion of the extraordinary general meeting ("EGM") requisitioned by shareholders of the Company, Ms. Zhang Yongbi, Mr. Simon Eng and Mr. Ang Poh Guan, Mr. Ng Cheng Huat has been removed as Non-Independent Non-Executive Director of the Company by the shareholders via the ordinary resolution passed at the EGM held on 11 May 2024.
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?
Yes
If Yes, Please provide full details
Save for the announcements dated 8 May 2024 and 10 May 2024 made by the Company, there are no other matters in relation to the cessation that needs to be brought to the attention of the shareholders of the Company.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
08/02/2023
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director
Role and responsibilities
This role is Non-Independent Non-Executive.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Ng is one of the substantial shareholders of the Company, representing a shareholding of approximately 7.22% of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
10,935,400
Past (for the last 5 years)
1. Hytech Builders Pte. Ltd.
2. NCH Resources Pte. Ltd. (Voluntary Winding Up)
Present
1. Ding Yi Music Company Ltd.
2. Goh Loo Club Limited
3. Prime Residence Home Pte. Ltd.
4. Singapore Thong Chai Medical Institution