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
13-Jun-2024 22:39:08
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION
Announcement Reference
SG240613OTHRT4GY
Submitted By (Co./ Ind. Name)
Er Kwong Wah
Designation
Independent Director
Description (Please provide a detailed description of the event in the box below)
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, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Chng Hee Kok
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
13/06/2024
Detailed Reason (s) for cessation
Mr. Chng Hee Kok ("Mr. Chng") has, on 13 June 2024, resigned as the Independent Non-Executive Chairman of the Company to pursue other opportunities. Following Mr. Chng's cessation as an Independent Director, he will also cease to be a member of the Audit Committee, Nominating Committee and Remuneration Committee.

After having interviewed Mr. Chng and to the best of its knowledge, the Company's Sponsor is satisfied that save as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Chng as the 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
09/11/2023
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 Non-Executive Chairman and a member of the Audit Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Independent and Non-Executive director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorships:
- Blackgold Natural Resources Limited
- Cashflws Pte. Ltd.
- Chaswood Resources Holdings Ltd.
- Ellipsiz Ltd.
- Ferrstron Electric Pte. Ltd.
- KTL Global Limited
- Metech International Limited
-Samudera Shipping Line Ltd.

Principal Commitments:
None
Present
Directorships:
- Debao Property Development Ltd
- Full Apex (Holdings) Limited
- Luxking Group Holdings Limited
- Rational Pricing Technologies Pte. Ltd.
- The Place Holdings Limited
- United Food Holdings Limited

Principal Commitments:
None