The Board of Directors (“the Board”) of M3TECH wishes to announce that the Company has on 19 December 2019, received the notice in writing given pursuant to Section 281 of the Companies Act 2016 from Messrs. ChengCo PLT (“ChengCo”) on their resignation as Auditors of the Company with effect from 18 December 2019.
ChengCo were re-appointed as the Auditors of the Company at the last annual general meeting (“AGM”) of the Company held on 17 June 2019 to hold office until the conclusion of the next AGM of the Company. The resignation of ChengCo is due to Audit Oversight Board prohibits them from auditing the financial statements of a public interest entity for twelve (12) months with effect from 6 August 2019.
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.
Further announcement will be made by the Company in due course once the new auditors is finalised by the Company.
This announcement is dated 19 December 2019.