Change - Announcement of Appointment::Re-designation of Lead Independent Director to Independent Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
METECH INTERNATIONAL LIMITED
Securities
METECH INTERNATIONAL LTD - SGXE91187273 - V3M
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Nov-2020 15:43:40
Status
New
Announcement Sub Title
Re-designation of Lead Independent Director to Independent Non-Executive Chairman
Announcement Reference
SG201101OTHR36NO
Submitted By (Co./ Ind. Name)
Monica Kwok
Designation
VP
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr. Chay Yiowmin, Lead Independent Director, to Independent Non-Executive Chairman

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 Singapore Exchange Securities Trading Limited (the "SGX-ST"). 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 Mr Lay Shi Wei - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Additional Details

Date Of Appointment
01/11/2020
Name Of Person
Chay Yiowmin
Age
46
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
29/10/2019
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Chay Yiowmin ("Mr. Chay") is currently the Lead Independent Director of the Company. The Board, having reviewed and considered Mr. Chay's capabilities, qualifications and experiences, is of the opinion that the re-designation of Mr. Chay as the Independent Non-Executive Chairman of the Board would strengthen the independence element on the Board, in line with recommended corporate governance practices.

Mr. Chay will cease as the Lead Independent Director, subsequent to his re-designation, and he will remain as the Chairman of the Audit Committee and member of the Remuneration and Nominating Committees.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman, Chairman of Audit Committee, Member of Nominating and Remuneration Committees.
Professional qualifications
Mr. Chay holds a Bachelor of Accountancy and a Master of Business from Nanyang Technological University, and a Master of Business Administration from the University of Birmingham. Mr. Chay is also a Fellow Chartered Accountant (FCA Singapore) of the Institute of Singapore Chartered Accountants (ISCA), an Associate Chartered Accountant (ACA) of the Institute of Chartered Accountants in England and Wales (ICAEW), and a Chartered Valuer and Appraiser (CVA) of the Institute of Valuers and Appraisers of Singapore (IVAS).
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
March 2019 to Current
Chay Corporate Advisory Pte. Ltd.
- Chief Executive Officer

November 2012 to March 2019
BDO LLP
- Advisory Partner, Corporate Finance Practice

January 2009 to May 2012
Moore Stephens LLP
- Assurance Partner
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)
Citicode Ltd. (fka Advance SCT Limited)
R.S. Platou Finans Singapore Pte. Ltd. (Struck Off)
Libra Group Limited (in receivership)
Alchemist Enterprise (S) Pte. Ltd. (Struck Off)
Seafox Asia Pacific Management Pte. Ltd.
Seafox Asia Pacific Pte. Ltd.
Chaspark Maritime Holdings Pte. Ltd. (Struck Off)
Chaspark Maritime Pte. Ltd. (Struck Off)
Global Air Compass Singapore Pte. Ltd. (Struck Off)
Harbour Pte. Ltd. (Struck Off)
Voxpace Pte. Ltd.
BDO Corporate Finance Pte. Ltd. (Struck Off)
TSU Investment Pte. Ltd.
Dahua Technology Singapore Pte. Ltd.
Jampur Far East Pte. Ltd.
Nelson G Advisory Pte. Ltd. (Struck Off)
Present
Metech International Limited
UMS Holdings Limited
8I Holdings Limited
Ksenja Pte. Ltd.
Xemaco Group Pte. Ltd.
Chay Corporate Advisory Pte. Ltd.
Roxana Shipping Pte. Ltd.
2YSL Pte. Ltd.
American Ethane Capital Pte. Ltd.
Vanfo Hino Holdings Pte. Ltd.
Vanfoankang Investment Pte. Ltd.
Wanlongxingye Holdings Pte. Ltd.
Moon Pay Pte. Ltd.
KKT Spinal Chiropractic Centre Pte. 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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr. Chay is currently a director of Metech International Limited, UMS Holdings Limited and 8I Holdings Limited.

Attachments

Appendix to Mr Chay Appointment Ann.pdf
Total size =14K