Change - Announcement of Cessation::Cessation of Non-Executive and Non-Independent Director - Ng Weng Sui Harry

Issuer & Securities

Issuer/ Manager
MC PAYMENT LIMITED
Securities
MC PAYMENT LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2021 21:14:33
Status
New
Announcement Sub Title
Cessation of Non-Executive and Non-Independent Director - Ng Weng Sui Harry
Announcement Reference
SG210428OTHRLU1S
Submitted By (Co./ Ind. Name)
Anthony Koh
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Ng Weng Sui Harry as Non-Executive and Non-Independent Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("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 Ms. Goh Mei Xian, Associate Director, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Ng Weng Sui Harry
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2021
Detailed Reason (s) for cessation
Mr Ng Weng Sui Harry ("Mr Ng") ceases to be a Director of the Company at the conclusion of the annual general meeting of the Company held on 28 April 2021 ("AGM") as the resolution for his re-election was not passed by shareholders of the Company at the AGM.

Following his cessation, Mr Ng also ceases to be a member of the Audit Committee and the Nominating Committee of the Company.

Based on its enquiries, the Company's sponsor, ZICO Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Ng as a 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
18/02/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, Member of Audit Committee and Nominating Committee.
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None, save for his shareholding interest in the Company (details as set out below).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
109,800 ordinary shares (0.04%) of the Company
Past (for the last 5 years)
HealthPro Pte. Ltd.
IEV Technologies Pte. Ltd.
IEV Energy Investment Pte. Limited
Present
HG Metal Manufacturing Limited
Medi Lifestyle Limited (formerly known as IEV Holdings Limited)
Oxley Holdings Limited
Q&M Dental Group (Singapore) Limited
HLM (International) Corporate Services Pte. Ltd.