Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE NON-INDEPENDENT DIRECTOR
Issuer & Securities
METECH INTERNATIONAL LIMITED
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE NON-INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Samantha Hua Lei
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Tan Siji Macarthur as Non-Executive Non-Independent Director of Metech International Limited.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST").
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 Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd. at 6 Raffles Quay, #24-02, Singapore 048580, firstname.lastname@example.org.
Name Of Person
Tan Siji Macarthur
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Tan Siji Macarthur's resignation is to focus on his own businesses.
The Sponsor, after having interviewed Mr. Tan Siji Macarthur, is satisfied that other than as disclosed in the announcement, there is no other reason for the cessation of Mr. Tan Siji Macarthur as Non-Executive Non-Independent 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director
Role and responsibilities
The role is Non-Exexcutive.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Tan Siji Macarthur is the son-in-law of Mr. Simon Eng, a substantial shareholder of the Company who holds total 24,987,146 ordinary shares, representing 16.487% of the issued and paid-up share capital of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
2,546,793 ordinary shares in the issuer (Direct Interest)
3,649,769 ordinary shares in the issuer (Deemed Interest)
Past (for the last 5 years)
Fort Canning (Asia) Pte. Ltd.
Burpple Pte. Ltd.
Apzenith Capital Pte. Ltd.
Metech International Limited
Pinassen Systems Pte. Ltd.
Burpple 2021 Pte. Ltd.
Thekey BDMI International Foundation Ltd.
Shiningdragon Pte. Ltd.
Tembusu thekey Pte. Ltd.