Change - Announcement of Cessation::Retirement of Lead Independent Non-Executive Director
Issuer & Securities
METAL COMPONENT ENGINEERING LIMITED
METAL COMPONENT ENGG LTD - SG1O81915033 - 5DX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Lead Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Description (Please provide a detailed description of the event in the box below)
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"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.
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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone no.: (65) 6636 4201.
Name Of Person
Lim Chin Tong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lim Chin Tong ("Mr Lim") has retired pursuant to Article 92 of the Company's Constitution at the conclusion of the Company's Annual General Meeting held on 27 April 2018.
The Sponsor, after having interviewed Mr Lim, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the retirement of Mr Lim 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?
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.)
Lead Independent Non-Executive Director, Chairman of the Audit Committee and a member of Nominating Committee and Remuneration Committee.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
As at the date of this announcement, Mr Lim holds 9,417,000 ordinary shares in the capital of the Company.
Mr Lim also holds 300,000 employee share options of the Company which will automatically lapse and become null and void when Mr Lim ceases to be a Director of the Company.
Past (for the last 5 years)
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