Technovator International : Appointment Joint Company Secretary

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Technovator

TECHNOVATOR INTERNATIONAL LIMITED

Ν˙इᅃ਷ყ߅ҦϞࠢʮ̡*

(incorporated in Singapore with limited liability)

(Stock Code: 1206)

APPOINTMENT OF JOINT COMPANY SECRETARY

APPOINTMENT OF JOINT COMPANY SECRETARY

Reference is made to the Announcement on the passing of a joint company secretary, Mr. Teo Meng Keong, on 23 January 2018. The Board announces that Ms. Selena Leong Siew Tee has been appointed to fill the casual vacancy from the passing of Mr. Teo Meng Keong as a joint company secretary of the Company to comply with the requirements of the Singapore Companies Act with effect from 18 July 2018.

Mr. Leung Lok Wai, the other joint company secretary of the Company, will continue to act as a joint company secretary of the Company.

APPOINTMENT OF MS. SELENA LEONG SIEW TEE

Reference is made to the announcement of Technovator International Limited (the "Company") dated 24 January 2018 on the passing of a joint company secretary, Mr. Teo Meng Keong, on 23 January 2018 (the "Announcement"). As disclosed in the Announcement, Mr. Teo was appointed as a company secretary of the Company to satisfy the requirement under the Singapore Companies Act (Cap. 50) that all companies incorporated in Singapore shall appoint a company secretary who must be residing locally in Singapore. Pursuant to the Singapore Companies Act, a company secretary shall be appointed within six months of the office of secretary being vacant.

To fill the casual vacancy of the office of joint company secretary, the board of directors of the Company (the "Board") has appointed Ms. Selena Leong Siew Tee ("Ms. Leong") as a joint company secretary of the Company effective from 18 July 2018.

*

For identification purposes only

Ms. Selena Leong Siew Tee (૑Ӹࢌ), aged 46, is an associate member of the Institute of Chartered Secretaries and Administrators (ICSA), United Kingdom. She is also an associate member and a practicing chartered secretary of the Chartered Secretaries Institute of Singapore. Ms. Leong has over 20 years of experience in corporate secretarial practice in Malaysia and Singapore. She is currently a senior manager of Tricor Singapore Pte. Ltd.

Ms. Leong is a resident residing in Singapore and is thus able to satisfy the requirement under the Singapore Companies Act that all companies incorporated in Singapore shall appoint a company secretary who must be residing locally in Singapore. However, Ms. Leong does not possess the academic or professional qualifications required under note 1 to Rule 3.28 of the Listing Rules and the relevant experience as set out in paragraphs (a) to (c) in note 2 to Rule 3.28 of the Listing Rules.

By reason of the above, the Company has applied for and has been granted by the Stock Exchange a waiver from strict compliance with the requirements as set out in Rules 3.28 and 8.17 of the Listing Rules for a three-year period from the date of appointment of Ms. Leong as a joint company secretary of the Company (the "Waiver Period"), subject to the following conditions:

(i) Ms. Leong will be assisted by Mr. Leung Lok Wai ("Mr. Leung") during the Waiver Period;

• (ii) the Company must notify the Stock Exchange at the end of the Waiver Period for the Stock Exchange to re-visit the situation. The Stock Exchange expects that, after the end of the Waiver Period, the Company will be able to demonstrate that Ms. Leong can satisfy Rules 3.28 and 8.17 of the Listing Rules after having the benefit of Mr. Leung's assistance such that a further waiver will not be necessary; and

• (iii) the Company will disclose details of the waiver, including reasons for the waiver and the waiver conditions, by way of an announcement.

The waiver will be revoked immediately if and when Mr. Leung ceases to provide assistance to Ms. Leong.

GENERAL

The Board would like to take this opportunity to express its warm welcome to Ms. Leong on her appointment.

By the Order of the Board

Technovator International Limited

Qin Xuzhong

Chairman

Hong Kong, 18 July 2018

As at the date of this announcement, the executive directors of the Company are Mr. Zhao Xiaobo and Mr. Qin Xuzhong; the non-executive directors of the Company are Mr. Huang Yu, Mr. Liu Tianmin and Mr. Wang Yinghu; and the independent non-executive directors of the Company are Mr. Fan Ren Da Anthony, Mr. Chia Yew Boon and Ms. Chen Hua.