We refer to our announcement dated 26 December 2018 in relation to the resignation of Messrs. Ecovis AHL PLT as Auditors of M3TECH.
The Board of Directors (“the Board”) of M3TECH wishes to announce that the Audit Committee and the Board have selected Messrs. Cheng & Co. (“C&C”) for appointment as new Auditors of the Company for the financial period ending 31 December 2018, after taking into account, inter alia, the proposed audit fee and engagement proposal from C&C, as well as their profile, adequacy of resources and experience of their audit engagement team.
The appointment of C&C as the new Auditors of the Company is subject to the Company receiving the written consent to act as Auditors of the Company from C&C pursuant to Section 264 (5) of the Companies Act 2016.
Further announcement will be made by the Company in due course once the appointment of new Auditors is finalised by the Company.
This announcement is dated 27 December 2018.