Change - Announcement of Cessation::Retirement of Non-Executive Non-Independent Director
Issuer & Securities
METECH INTERNATIONAL LIMITED
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Non-Executive Non-Independent Director
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Mr. Wang Daming, a director retiring under Regulation 88 of the Company's Constitution, has indicated that he does not wish to stand for re-election at the Company's forthcoming annual general meeting to be held on 29 October 2019 (the "AGM") due to personal reasons and commitments. Accordingly, Mr. Wang will retire at the conclusion of the AGM and will relinquish his roles as a Non-Executive Non-Independent Director and member of the Audit, Remuneration and Nominating Committees.
The announcement had 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") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinion made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Shervyn Essex, Registered Professional, Registered Professional, RHT Capital Pte. Ltd., 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619, tel: 6381 6757.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Wang Daming's retirement is due to personal reasons and commitments.
Based on its enquiries, the Sponsor is satisfied that, other than as disclosed in this announcement, there are no other material reasons for Mr. Wang not seeking re-election at the AGM.
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.)
Non-Executive Non-Independent Director, AC Member, RC Member and NC Member
Role and responsibilities
Assumed the roles of Non-Executive Non-Independent Director, AC Member, 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
Shareholding interest in the listed issuer and its subsidiaries?
500,000 ordinary shares
Past (for the last 5 years)
B&F Envirotech (Shenyang) Co., Ltd