Change - Announcement of Cessation::Cessation of Independent Non-Executive Director - Lim Swee Kwang
Issuer & Securities
METAL COMPONENT ENGINEERING LIMITED
METAL COMPONENT ENGG LTD - SG1O81915033 - 5DX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Non-Executive Director - Lim Swee Kwang
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Non-Executive Director
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. ("Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules").
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 Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd., at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Name Of Person
Lim Swee Kwang
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lim Swee Kwang ("Mr Lim") wishes to step down from his position as Independent Non-Executive Director of the Company to focus on his full-time work commitment, which entails his full-time presence in China.
The Sponsor, after having interviewed Mr Lim, is satisfied that, save as disclosed in this announcement, there are no other material reasons for his resignation.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating Committee and the Remuneration Committee.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Mr Lim Swee Kwang is deemed to be interested in 66,666 ordinary shares in the Company held in the name of his spouse, Mdm Chan Wai Wong.
Past (for the last 5 years)
Kaqun zrt, Hungary
Oasis Pte Ltd, Indonesia
Elo Siloam Pte Ltd, Singapore
Metal Component Engineering Limited