Change - Announcement of Cessation::Resignation of Independent 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
06-Mar-2019 20:34:44
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG190306OTHRSAW9
Submitted By (Co./ Ind. Name)
Monica Kwok
Designation
VP
Effective Date and Time of the event
06/03/2019 00:00:00
Description (Please provide a detailed description of the event in the box below)
Mr. Francis Lee Fook Wah ("Francis Lee") has resigned as an Independent Director of the Company with effect from 6 March 2019. Following his resignation, Mr. Francis Lee shall relinquish his positions as the Lead Independent Director, Chairman of the Audit Committee and member of the Remuneration and Nominating Committee.

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 Shervyn Essex, Registered Professional, RHT Capital Pte. Ltd., 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619, telephone (65) 6381 6757.

Additional Details

Name Of Person
Francis Lee Fook Wah
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
06/03/2019
Detailed Reason (s) for cessation
Mr. Francis Lee's resignation was due to personal commitments.

Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Francis Lee as the Independent Director.
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
01/08/2012
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, AC Chairman, RC Member and NC Member
Role and responsibilities
Assumed the roles and responsibilities of a Lead Independent Director, AC Chairman, RC Member and NC Member
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?
No
Past (for the last 5 years)
Finance and Executive Director - Man Wah Holdings Ltd
Independent Director - JES International Holdings Ltd
Present
Director - Wise Alliance Investments Ltd
Independent Director - Sheng Siong Group Ltd
Independent Director - Net Pacific Financial Holdings Ltd
Independent Director - Asiaphos Limited