Change - Announcement of Appointment::APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
MEDTECS INTERNATIONAL CORP LTD
Securities
MEDTECS INTERNATIONAL CORP LTD - BMG5958R1043 - 546
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-May-2018 07:30:19
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Announcement Reference
SG180507OTHRMV01
Submitted By (Co./ Ind. Name)
CLEMENT YANG KER-CHENG
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Mr William Yang Weiyuan ("Mr William Yang") replaced Mr Clement Yang Ker-Cheng ("Mr Clement Yang") as the Chief Executive Officer of Medtecs International Corporation Limited (the "Company") with effect from 2 May 2018. Mr William Yang is an Executive Director of the Company since 2 September 2013. Mr William Yang was also appointed as a member of the Remuneration Committee of the Company with effect from 2 May 2018.

Mr Clement Yang remains as the Executive Chairman of the Company.


This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, R & T Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Sponsor has not independently verified the contents of this announcement including the accuracy or completeness of any of the figures used, statements, opinions or other information made or disclosed.

This announcement has not been examined or approved by the Exchange. The Sponsor and the Exchange assume 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 persons for the Sponsor are Ms Evelyn Wee (Telephone Number: +65 6232 0724) and Mr Howard Cheam Heng Haw (Telephone Number: +65 6232 0685), R & T Corporate Services Pte. Ltd., at 9 Battery Road #25-01, Singapore 049910.

Additional Details

Date Of Appointment
02/05/2018
Name Of Person
William Yang Weiyuan
Age
36
Country Of Principal Residence
Taiwan, Province Of China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Having put in place the Medtecs Group's management succession plan to ensure continuity of leadership within the senior management team, the Board of the Company, having considered the recommendations of the management and the Nominating Committee ("NC") and having reviewed Mr William Yang's management and working experience, concurred with the recommendations of the management and the NC, and approved the appointment of Mr William Yang as the Chief Executive Officer of the Company, in place of Mr Clement Yang, with effect from 2 May 2018.
Whether appointment is executive, and if so, the area of responsibility
Executive. General management.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son to Mr Clement Yang, Executive Chairman of the Company; and son to Ms Sherry Chen Su-tien, Non-Executive Chairman of Medtecs (Taiwan) Corporation, a principal subsidiary of the Company.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
General Manager, Medtecs (Taiwan) Corporation (2010 to present).
General Manager, Hangzhou Jincheng Medical Supplies & Manufacture Co., Ltd (2008 to present).
General Manager, Shanghai Greenway Medical Apparatus (2008 to 2010).
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nil.
Present
1. Medtecs (Taiwan) Corporation.
2. Hangzhou Jincheng Medical Supplies & Manufacture Co., Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
As a Director of the Company since 2 September 2013.