Change - Announcement of Cessation::Resignation of Derek Loh Eu Tse as Independent Non-executive Director
Issuer & Securities
Issuer/ ManagerMETECH INTERNATIONAL LIMITED
SecuritiesMETECH INTERNATIONAL LIMITED - SG2E79981816 - QG1
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast01-Nov-2018 22:49:18
StatusNew
Announcement Sub TitleResignation of Derek Loh Eu Tse as Independent Non-executive Director
Announcement ReferenceSG181101OTHRDBLV
Submitted By (Co./ Ind. Name)Benedict Lim
DesignationEVP
Description (Please provide a detailed description of the event in the box below)The Board of Directors (the "Board" or "Directors") of Metech International Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that Derek Loh Eu Tse has resigned as an Independent Non-executive Director of the Board.

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 Shervyn Essex, Registered Professional, RHT Capital Pte. Ltd., 9 Raffles Place #29-01, Republic Plaza Tower 1 Singapore 048619, telephone (65) 6381 6757.
Additional Details
Name Of PersonDerek Loh Eu Tse
Age51
Is effective date of cessation known?Yes
If yes, please provide the date01/11/2018
Detailed Reason (s) for cessationDerek Loh has resigned from the Board to focus on his existing professional work and business interests, including his other board appointments. Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Derek Loh as the Independent 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 position01/01/2010
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)2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Lead ID, Chairman of Remuneration Commitee and member of Audit Committee and Nominating Committee.
Role and responsibilitiesIn his role as an independent director as well as Lead Independent Director, he worked closely with the other Board members, in particular the other independent directors, on corporate governance, audit, remuneration and nomination matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo.
Shareholding interest in the listed issuer and its subsidiaries?No
Past (for the last 5 years)Same as present
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