Change - Announcement of Cessation::Retirement of Mr Low Kian Beng as an Executive Director

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HOLDINGS LTD. - SGXE56008290 - SYM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2022 18:04:15
Status
New
Announcement Sub Title
Retirement of Mr Low Kian Beng as an Executive Director
Announcement Reference
SG220408OTHR5OFS
Submitted By (Co./ Ind. Name)
Tay Kiat Seng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Low Kian Beng as an Executive Director of the Company

This announcement has been prepared by Memiontec Holdings Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("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 Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Low Kian Beng
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2022
Detailed Reason (s) for cessation
Please see Appendix attached.

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
30/12/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director.
Role and responsibilities
Mr Low, working with the rest of the Board, is involved in the decision making on the Group's operational and financial matters, including strengthening and improving the operational efficiency of the Group and its cost competitiveness to achieve sustainable growth with appropriate governance. He is also responsible for strategic direction and business development of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Low Kian Beng is a shareholder (holding less than 20% interests) of Unity Strength Pte. Ltd., a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Miclyn Express Offshore Pte. Ltd.
2. Ecowise Materials Pte. Ltd.
Present
1. Medi.Kind International Private Limited

Attachments

4.2 Appendix_Retirement of Mr Low.pdf
Total size =29K