Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

Issuer & Securities

Issuer/ Manager
MEDTECS INTERNATIONAL CORP LTD
Securities
MEDTECS INTERNATIONAL CORP LTD - BMG5958R1043 - 546
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2015 18:00:30
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER
Announcement Reference
SG150430OTHRAJKG
Submitted By (Co./ Ind. Name)
Clement Yang Ker-Cheng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
The Company will endeavour to find a suitable candidate to replace Mr Richard Tan Kheng Swee within the next 2 to 3 months.

The Board of Directors of the Company records its appreciation to Mr Richard Tan Kheng Swee for his services and contributions during his tenure as an Independent Director of the Company and wishes him the best in his future endeavours.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, R & T Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Sponsor has not independently verified the contents of this announcement including the accuracy or completeness of any of the figures used, statements, opinions or other information made or disclosed.

This announcement has not been examined or approved by the Exchange. The Sponsor and the Exchange 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 persons for the Sponsor are Ms Evelyn Wee (Telephone Number: +65 6232 0724) and Mr. Howard Cheam Heng Haw (Telephone Number: +65 6232 0685), R & T Corporate Services Pte. Ltd., at 9 Battery Road #25-01, Straits Trading Building, Singapore 049910.

Additional Details

Name Of Person
Richard Tan Kheng Swee
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2015
Detailed Reason (s) for cessation
To pursue other professional and personal interests.

The Company's Sponsor, R & T Corporate Services Pte. Ltd., is satisfied that there are no other material reasons for Mr Richard Tan Kheng Swee retiring 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
30/06/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.
Role and responsibilities
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Medtecs International Corporation Limited.
Present
1. Dapai International Holdings Limited
2. Mirach Energy Limited