Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Issuer & Securities
METECH INTERNATIONAL LIMITED
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
Executive Director and COO
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, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.
Name Of Person
Samantha Hua Lei
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms. Samantha Hua Lei ("Ms. Samantha") has requested to step down as Executive Director of the Company on 30 March 2023 and the Board has accepted her request. She has decided to step down to allow for renewal of the leadership positions in the Company. Ms. Samantha will remain as the Chief Executive Officer of the Company.
The Sponsor, after having interviewed Ms. Samantha, is satisfied that other than as disclosed in the announcement, there is no other reason for the cessation of Ms. Samantha as Executive 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.)
Executive Director and Chief Executive Officer, a member of the Nominating Committee and a member of the 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?
213,000 ordinary shares
Past (for the last 5 years)
1. Apzenith Capital Pte. Ltd.
2. Blufort Enviro (Shenyang) Co., Ltd.
3. Blufu Water (Shenyang) Co., Ltd.
4. Blufu Water (Xinmin) Co., Ltd.
5. Burrple 2021 Pte Ltd (fka Goldman HYTE Pte Ltd)
6. Everglory Radiator (Shenyang) Co., Ltd (de-registered)
7. Fort Xinglong (Shenyang) Co., Ltd.
1. Asian Green Tech Pte. Ltd.
2. Asian Eco Technology Pte. Ltd.
3. Metech Dynamics Pte. Ltd. (f.k.a Nolash Tech Pte. Ltd.)
4. Zhongxin Minghua (Shanghai) Co., Ltd