Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION 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
22-Nov-2023 19:50:14
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG231122OTHRPNNJ
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)
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
Long Zheng
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
22/11/2023
Detailed Reason (s) for cessation
Mr. Long Zheng ("Mr. Long") has resigned to focus on his other work commitments, which will take up a substantive amount of his time. Following Mr. Long's cessation as an Independent Director, he will also cease to be a member of the Audit Committee, the Nominating Committee and the Remuneration Committee.

The Sponsor, after having interviewed Mr. Long, is satisfied that other than as disclosed in the announcement, there is no other reason for the cessation of Mr. Long as Independent Director of the Company.
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
09/03/2023
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.)
Independent Director, a member of the Audit Committee, the Nominating Committee and the Remuneration Committee.
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorships:
- E Kitchen Singapore Pte. Ltd.
- ES Planet Pte. Ltd.
- Little Sage International Preschool Pte. Ltd.

Principal Commitments:
None
Present
Directorships:
- Bridge Trading (SG) Pte. Ltd.
- EV Star International Pte. Ltd.
- I.Fry Pte. Ltd.
- Longer Services Pte. Ltd.
- SLY Industry Group Pte. Ltd.

Principal Commitments:
None