Metech International LimitedSGX: V3M

Placements: : Placement of 33,346,550 new shares & 16,673,275 warrants - Receipt of Listing & Quotation Notice

· Issued by Metech International Limited

METECH INTERNATIONAL LIMITED

(Company Registration No. 199206445M)

(Incorporated in the Republic of Singapore)

PROPOSED PLACEMENT OF:

  1. UP TO 33,346,550 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT THE ISSUE PRICE OF S$0.21 PER PLACEMENT SHARE; AND
  2. UP TO 16,673,275 FREE WARRANTS, ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) PLACEMENT SHARES, WITH EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE IN THE CAPITAL OF THE COMPANY

- RECEIPT OF LISTING AND QUOTATION NOTICE

  1. INTRODUCTION
    The board of directors (the "Board" or the "Directors") of Metech International Limited (the "Company", together with the subsidiaries, the "Group") refers to its announcement made by the Company on 30 September 2021 (the "Previous Announcement") in relation to the
    Proposed Placement cum Warrant Issue.
    Unless otherwise defined, all capitalised terms used herein shall have the meanings ascribed to them in the Previous Announcement.
  2. LISTING AND QUOTATION NOTICE
    Further to the Previous Announcement, the Board is pleased to announce that the Company has on 8 October 2021 received the listing and quotation notice ("Listing and Quotation Notice") from the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Placement Shares and Warrant Shares on the Catalist, subject to compliance with the listing requirements of the SGX-ST.
    Pursuant to the Listing and Quotation Notice, the Placement Shares are required to be placed out within seven (7) market days from the date of the Listing and Quotation Notice and the Company has submitted its written undertaking to the SGX-ST that it will comply with Catalist Rule 831.
    The Listing and Quotation Notice is not to be taken as an indication of the merits of the Proposed Placement cum Warrant Issue, the Placement Shares, the Warrants, the Warrant Shares, the Company and/or its subsidiaries.
  3. DIRECTORS' RESPONSIBILITY STATEMENT
    The Directors collectively and individually accept full responsibility for the accuracy of the information given in this announcement and confirm after making all reasonable enquiries, that to the best of their knowledge and belief, this announcement constitutes full and true disclosure of all material facts about the Proposed Placement cum Warrant Issue and the Company and its subsidiaries, and the Directors are not aware of any facts the omission of which would make any statement in this announcement misleading. Where information in this announcement has been

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extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Directors has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this announcement in its proper form and context.

  1. FURTHER ANNOUNCEMENTS
    The Company will make the appropriate announcement(s) upon the completion of the Proposed Placement cum Warrant Issue, and upon the allotment and issuance of the Placement Shares and Warrants.
  2. CAUTIONARY STATEMENT
    Shareholders and potential investors should exercise caution when trading in the Shares of the Company. Persons who are in doubt as to the action they should take should consult their lega, financial, tax or other professional advisers.

By Order of the Board of Directors of

Metech International Limited

Samantha Hua

Executive Director and Deputy CEO

8 October 2021

Important Notice

Notification under Section 309B of the Securities and Futures Act, Chapter 289 of Singapore: The Placement Shares are "prescribed capital markets products" (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 and "Excluded Investment Products" (as defined in MAS Notice SFA 04- N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

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 Listing Manual Section B: Rules of Catalist 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 Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd. at 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

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