Change - Announcement of Cessation::Announcement of Cessation of An Independent Director and Chairman of the Audit Committee

Issuer & Securities

Issuer/ Manager
METIS ENERGY LIMITED
Securities
METIS ENERGY LIMITED - SG1I14879601 - L02
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Mar-2024 18:25:19
Status
New
Announcement Sub Title
Announcement of Cessation of An Independent Director and Chairman of the Audit Committee
Announcement Reference
SG240326OTHRNKFK
Submitted By (Co./ Ind. Name)
Madelyn Kwang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of An Independent Director and Chairman of the Audit Committee

Additional Details

Name Of Person
Tung Zhihong, Paul
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Mr Tung has served more than 9 years in the Company since he was appointed. In view of the 9-year tenure limit for independent directors prescribed under the Singapore Exchange Securities Trading Limited Listing Manual, Mr Tung has decided to step down to facilitate board renewal.

Following Mr Tung's resignation, he will relinquish his position as Chairman of the Audit Committee and a member of the Remuneration Committee, Nominating Committee and Executive Committee.
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
02/05/2014
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee, Member of the Remuneration Committee, Nominating Committee and Executive Committee.
Role and responsibilities
Usual duties of an Independent Director and duties as Chairman of the Audit Committee, Member of the Remuneration Committee, Nominating Committee and Executive Committee.
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
NIL.