Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
METAL COMPONENT ENGINEERING LIMITED
Securities
METAL COMPONENT ENGG LTD - SG1O81915033 - 5DX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2016 18:20:41
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG161028OTHRLTUU
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("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 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 Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Chua Han Min
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
02/05/2017
Detailed Reason (s) for cessation
To pursue other personal interests.

The Company's sponsor, ZICO Capital Pte. Ltd., after having interviewed Mr Chua Han Min, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chua Han Min as Executive Director.
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
29/04/2003
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Deputy Chief Executive Officer.
Role and responsibilities
Executive.

Responsible for the Precision Metal Stamping business unit, that comprises the metal stamping operations in Malaysia, Thailand and China (Wuxi and Suzhou).
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
As at the date of this announcement, Mr Chua Han Min holds 9,570,000 ordinary shares in the Company.

Mr Chua Han Min is also interested in 2,400,000 unissued ordinary shares from unexercised options granted under the Employee Share Option Scheme of the Company as at the date of this announcement.
Past (for the last 5 years)
None
Present
Metal Precision Services Pte Ltd
MCE Technologies Sdn Bhd
MCE Manufacturing Sdn Bhd
MCT (Thailand) Co., Ltd.
Metal Component Engineering (Shanghai) Co., Ltd
Metal Component Technologies (Wuxi) Co., Ltd
MCE Industries (Shanghai) Co., Ltd
Metal Computer Component (Suzhou) Ltd
MCE Corporation (Shanghai) Co., Ltd

The resignation of Mr Chua Han Min's directorship from the Group's subsidiaries will be effected on or before his intended departure date, i.e., 2 May 2017.

Attachments

MCE_Ann_Resignation of Executive Director.pdf
Total size =68K