Change - Announcement of Cessation::Resignation of Mr Loh Eu Tse Derek as an Independent Director

Issuer & Securities

Issuer/ Manager
MEMIONTEC HOLDINGS LTD.
Securities
MEMIONTEC HLDGS LTD. - SGXE13155820 - TWL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-May-2023 17:38:32
Status
New
Announcement Sub Title
Resignation of Mr Loh Eu Tse Derek as an Independent Director
Announcement Reference
SG230527OTHRM6AB
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)
Resignation of Mr Loh Eu Tse Derek ("Mr Loh") as an Independent 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. Karen Soh, Managing Director, ZICO Capital Pte. Ltd. at 77 Robinson Road #06-03, Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Loh Eu Tse Derek
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
01/06/2023
Detailed Reason (s) for cessation
Mr Loh has tendered his resignation as an Independent Director of the Company ("Resignation") as part of a reorganisation of Mr Loh's immediate professional and personal commitments.

Following the Resignation, Mr Loh will also cease to be the Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee.

After having interviewed Mr Loh and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the Resignation of Mr Loh.
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
01/07/2021
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)
2
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.)
1. Independent Director
2. Chairman of the Nominating Committee
3. Member of the Audit Committee
4. Member of the Remuneration Committee
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, the Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorships:
1. Metech International Limited
2. DISA Limited
3. K2 F&B Holdings Limited (listed on the Hong Kong Stock Exchange)
4. Vietnam Enterprise Investments Limited (listed on the London Stock Exchange)
5. Kitchen Culture Holdings Ltd.
6. Federal International (2000) Ltd

Other Principal Commitments:
Nil
Present
Directorships:
1. Adventus Holdings Limited
2. Kingsmen Creative Ltd.
3. Vibrant Group Limited
4. Camembert Holdings Pte. Ltd.
5. TSMP Law Corporation

Other Principal Commitments:
1. St. Joseph's Institution International Elementary School Ltd.
2. St. Joseph's Institution International Ltd.
3. St. Joseph's Institution Philanthropic Fund For The Lasallian Mission Ltd.