Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Mr Kelvin Lee Ming Hui

Issuer & Securities

Issuer/ Manager
META HEALTH LIMITED
Securities
META HEALTH LIMITED - SG1O81915033 - 5DX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2024 23:55:00
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Mr Kelvin Lee Ming Hui
Announcement Reference
SG240429OTHR9CXU
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Kelvin Lee Ming Hui as an Independent Non-Executive Director of the Company.

This announcement has been prepared by Meta Health Limited (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 Mr Alex Tan, Chief Executive Officer, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Kelvin Lee Ming Hui
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr Kelvin Lee Ming Hui ("Mr Lee") did not stand for re-election as an Independent Non-Executive Director of the Company and retired at the conclusion of the Annual General Meeting of the Company held on 29 April 2024 ("AGM").

Mr Lee expressed that due to (i) the lack of confidence in the Chief Executive Officer of the Company, and (ii) the voting results from the submission of proxy forms to the Company on the resolution in relation to his re-appointment as a Director of the Company, he decided not to stand for re-election as a Director of the Company at the AGM. Please refer to the Company's announcement dated 29 April 2024 on the results of the AGM for more information on the aforementioned.

Upon Mr Lee's retirement, he ceased to be the Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee.

After having interviewed Mr Lee and to the best of its knowledge, the Company's sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Lee as an Independent Non-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?
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
10/04/2021
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Non-Executive Director, Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
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