Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION

Issuer & Securities

Issuer/ Manager
METECH INTERNATIONAL LIMITED
Securities
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jan-2024 22:10:16
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION
Announcement Reference
SG240104OTHRP8F6
Submitted By (Co./ Ind. Name)
Wang Zhuo
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Ling Ee Dee as Group Financial Controller and Company Secretary of the Company.

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.

Additional Details

Name Of Person
Ling Ee Dee
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
03/04/2024
Detailed Reason (s) for cessation
Mr. Ling has tendered his resignation as Group Financial Controller and Company Secretary of the Company as he wishes to pursue his personal interests. Mr. Ling will be serving a notice period of 3-months from 4 January 2024.

Mr. Ling has confirmed that he is not aware of any concerns with regards to the financial reporting of the Group which led to his resignation.

The Company expresses its gratitude to Mr. Ling to his contributions during his tenure of service.

After having interviewed Mr. Ling and to the best of its knowledge, the Company's Sponsor, is satisfied that as disclosed in the announcement, there are no material reasons for the resignation of Mr. Ling as the Group Financial Controller and Company Secretary of the Company.

The Company is in the process of looking for suitable candidate(s) for the position of Group Financial Controller and Company Secretary and will make the necessary announcement(s) to update the shareholders in due course.
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
05/11/2020
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller and Company Secretary
Role and responsibilities
Mr. Ling was responsible for overall financial reporting and secretarial matters of the Group.
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?
No
Past (for the last 5 years)
NIL
Present
1) Metech Dynamics Pte. Ltd.
2) Asian Eco Technology Pte. Ltd.
3) Metech Diamond Solutions Pte. Ltd.
4) Metech Diamond Pte. Ltd.