The Board of Directors (“the Board”) of M3TECH wishes to announce that the Company has on 26 December 2018, received the notice in writing given pursuant to Section 281 of the Companies Act 2016 from Messrs. Ecovis AHL PLT (“Ecovis”) on their resignation as Auditors of the Company. Pursuant to Section 281(2) of the Companies Act 2016, Ecovis’s term of office will end after 21 days from 26 December 2018.
Ecovis were re-appointed as the Auditors of the Company at the last annual general meeting (“AGM”) of the Company held on 29 November 2017 to hold office until the conclusion of the next AGM of the Company. The resignation is due to administrative issues.
The Company has on 28 September 2018 announced the change of its financial year end from 30 June 2018 to 31 December 2018.
Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.
The Company will appoint a reputable audit firms as the new auditors of the Company.
Further announcement will be made by the Company in due course once the nomination of new auditors is finalised by the Company.
This announcement is dated 26 December 2018.