Change - Announcement of Cessation::Cessation of Executive Director
Issuer & Securities
METECH INTERNATIONAL LIMITED
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Weng Hua Yu @ Simon Eng ("Mr. Simon Eng") as an Executive Director of the Company.
This announcement has 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").
The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assume 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: Name: Mr. Lay Shi Wei, Registered Professional, RHT Capital Pte. Ltd. Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619 Telephone: (65) 6381 6966
Name Of Person
Weng Hua Yu @ Simon Eng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Simon Eng had served and completed his notice period in the transition to the Company's change in management arising from the new business direction and investment parameters.
The Sponsor, after having interviewed Mr. Simon Eng, is satisfied that other than as disclosed in the announcement, there is no other reason for the cessation of Mr. Simon Eng as Executive 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?
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?
If Yes, Please provide full details
Mr. Simon Eng will still remain as the Director of the Company's subsidiary, Metech Recycling (Singapore) Pte. Ltd. and will assist the Company in any remnant matters that require his inputs.
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.)
Role and responsibilities
Assisting in the transition to new management.
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?
24,203,377 ordinary shares
Past (for the last 5 years)
Asiapac Recycling Pte. Ltd.
Belle Forte Limited
Greenspace Enviro Pte. Ltd.
Metech Recycling (Singapore) Pte. Ltd.
Metech International Limited (ceased on 8 June 2020)