Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR
Issuer & Securities
METECH INTERNATIONAL LIMITED
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Samantha Hua Lei
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.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Chay Yiowmin has decided to resign to allow for board renewal, which was a point raised by shareholders at the previous general meetings. In light of the appointment of Mr Zhang Keke, Mr Chay Yiowmin thought that it would be an appropriate time to step down.
The Sponsor, after having interviewed Mr. Chay Yiowmin, is satisfied that other than as disclosed in the announcement, there is no other reason for the cessation of Mr. Chay Yiowmin as Independent Non-Executive Chairman 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?
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 Chairman, Chairman of Audit Committee, and a member of the Remuneration Committee and the Nominating 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?
Past (for the last 5 years)
1. American Ethane Capital Pte. Ltd.
2. BDO Corporate Finance Pte. Ltd. (Struck off)
3. CCA Fund Services Pte. Ltd.
4. Engx1 Pte. Ltd.
5. Global Air Compass Singapore Pte. Ltd. (Struck off)
6. Harbour Pte. Ltd. (Struck off)
7. He Rui Feng Trading (Singapore) Pte. Ltd. (Struck off)
8. Ksenja Pte Ltd.
9. Libra Group Limited
10. Nelson G Advisory Pte. Ltd.
11. R.S. Platou Finans Singapore Pte. Ltd.
12. TSU Investment Pte. Ltd.
13. Vanfo Hino Holdings Pte Ltd.
14. Vanfoankang Investment Pte. Ltd.
15. Voxpace Pte. Ltd.
16. Wanlongxingye Holdings Pte. Ltd.
17. Vanbo Investments Pte Ltd
18. Vanbo Management Pte Ltd
1. 2YSL Pte. Ltd.
2. 8I Holdings Limited
3. Moon Pay Pte. Ltd.
4. Raffles Infrastructure Holdings Limited
5. Roxana Shipping Pte. Ltd.
6. UMS Holdings Limited
7. United Power Corporation (Singapore) Pte Ltd
8. Watches.com Limited
9. Xemaco Group Pte. Ltd.
10. Mary Chia Holdings Limited