Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED
Securities
NANOFILM TECHNOLOGIES INTL LTD - SGXE61652363 - MZH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Dec-2024 18:01:25
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Announcement Reference
SG241220OTHRX4W6
Submitted By (Co./ Ind. Name)
Lim Kian Onn
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Gary Ho Hock Yong as Executive Director and Chief Executive Officer of Nanofilm Technologies International Limited (the "Company").

Additional Details

Name Of Person
Gary Ho Hock Yong
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2025
Detailed Reason (s) for cessation
Mr Gary Ho had tendered his resignation as Executive Director and Group Chief Executive Officer to pursue other interests. The effective date of Mr Ho's cessation as Executive Director and Group Chief Executive Officer is 1 January 2025, although Mr Ho will remain with the Company until 13 June 2025 to ensure a smooth transition of his duties and responsibilities. Following Mr Ho's resignation as Executive Director, he will also step down as member of the Board Risk Committee.

Our Executive Chairman and founder, Dr Shi Xu will take over as Group Chief Executive Officer and will assume the position of Chairman cum Group Chief Executive Officer effective 1 January 2025.
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
06/07/2021
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
Group Chief Executive Officer
Member of the Board Risk Committee
Role and responsibilities
Executive. The primary areas of responsibility are to oversee the overall management of the operations and resources of the Group, including planning and implementing the strategic direction 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?
Yes
Shareholding Details
- 3,047,333 ordinary shares in the capital of the Company
- 300,000 employee share options
- 282,667 employee share awards
Past (for the last 5 years)
1. Director of MG Consulting Holdings Pte. Ltd.
Present
Director of:
1. Nanofab Technologies Pte. Ltd.
2. Nanofilm Advanced Materials Pte. Ltd.
3. Miller Technologies Pte. Ltd.
4. Nanofilm Investments Pte. Ltd.
5. Nanofilm Ventures Pte. Ltd.
6. Sydrogen Energy Pte. Ltd.
7. Wizture Holdings Pte. Ltd.
8. Nanofilm Advanced Materials India Pte. Ltd.
9. Nanofilm Vacuum Coating (Shanghai) Co., Ltd.
10. Nanofilm Renewable Energy Technology (Shanghai) Co., Ltd.
11. Nanofilm Enterprise Management (Shanghai) Co., Ltd.
12. Yizheng Nahuan Technologies Co., Ltd.
13. Nanofilm Vacuum Coating (Huizhou) Co., Ltd.
14. Sichuan Apex Technologies Co., Ltd.
Nanofilm Technologies Japan Ltd.
16. Nanofab Japan Co., Ltd.
17. Nanofilm Advanced Materials Co., Ltd.
18. Nanofilm Advanced Materials India Private
Limited

Managing Director of:
1. Nanofilm Technologies Europe B.V.
2. Nanofilm AM Germany GmbH
3. AxynTeC Dunnschichttechnik GmbH

Director and Legal Representative of:
1. Nanofilm Technologies Vietnam Co., Ltd.
2. Nanofab Vietnam Co Ltd.

Note: Mr Ho will resign from all offices held by him in the abovementioned companies in due course.