Change - Announcement of Cessation::Cessation of Chief Technology Officer

Issuer & Securities

Issuer/ Manager
NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED
Securities
NANOFILM TECHNOLOGIES INTL LTD - SGXE61652363 - MZH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Mar-2024 17:24:14
Status
New
Announcement Sub Title
Cessation of Chief Technology Officer
Announcement Reference
SG240313OTHRMSVU
Submitted By (Co./ Ind. Name)
Lim Kian Onn
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lars Ralf Rainer Lieberwirth as Chief Technology Officer of Nanofilm Technologies International Limited.

Additional Details

Name Of Person
Lars Ralf Rainer Lieberwirth
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
09/04/2024
Detailed Reason (s) for cessation
Mr Lars Ralf Rainer Lieberwirth has resigned as Chief Technology Officer ("CTO") due to his personal reasons and to pursue other career opportunities.
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?
Yes
If Yes, Please provide full details
The role of the CTO will be undertaken by a CTO council ("Council") established by the Company comprising our Chairman, Dr Shi Xu as chairman of the Council and the heads of technology of our technology domains. Given the diverse nature of our Group's business and the deep technology that we specialize in, the Board is of the view that the composition of the Council members, who have in depth knowledge and expertise in their respective areas, will facilitate the effective leadership of our Group's research and technical development endeavours and technology commercialisation efforts, encompassing our NTI-NTU Corp Lab operations, Advanced Technology Research Center initiatives and BU-level product and process development.
Date of Appointment to current position
01/10/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
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.)
Chief Technology Officer
Role and responsibilities
Responsible for implementing technology strategies and ensuring that technological resources are aligned with the Company's business needs.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
Managing Director of Nanofilm AM Germany GmbH
Managing Director of Ligu Development GmbH