SYDNEY, HONG KONG and NEW YORK, Jan. 22, 2021 /PRNewswire/ — Built-in Media Know-how Restricted (NASDAQ: IMTE) (“IMTE” or the Firm), introduced on January 19, 2021 adjustments to its Board with the appointment of Mr. Luis Puyat to its Board of Administrators and the change of standing of Mr. Uwe Parpart from Impartial non-Govt Director to Govt Director.
With impact from January 15, 2021, Mr. Puyat will function an Impartial non-Govt Director and a member of the Board’s Audit Committee and Remuneration Committee. The dimensions of IMTE’s Board was elevated from 5 to 6 members with Mr. Puyat’s appointment.
Mr. Puyat is presently the Chief Govt Officer of VGP Investments, Inc. a privately held PE agency based mostly in Makati, Metro Manila. Mr. Puyat can also be the Govt Director of privately funded First Sovereign Asset Administration, Inc. Previous to this, Mr. Puyat was concerned within the Puyat household owned Manila Financial institution from 1986 to 2007, performing because the president from 1994 to 1999, and as Chairman of the Board from 1999 to 2007.
On the identical date, Mr. Uwe Parpart’s standing was modified from Impartial non-Govt Director to Govt Director. Mr. Parpart additionally resigned from the Audit Committee.
Mr. Con Unerkov. Chairman and CEO of IMTE, said, “We’re happy to welcome Mr. Luis Puyat as a brand new Impartial non-Govt Director to the IMTE Board. Mr. Puyat is an achieved monetary government with over 25 years of related expertise. He is a perfect addition to IMTE’s staff as we proceed to drive our enterprise technique ahead particularly with our new securities analysis and threat evaluation enterprise in China that was just lately introduced via an funding in Greifenberg Capital Restricted.”.
As introduced on December 29, 2020, IMTE entered into an settlement buying as much as 60% of Greifenberg Capital Restricted to supply threat evaluation on China’s securities markets. Our Director Mr. Uwe Parpart who has over 30 years of expertise as a senior government within the finance trade will handle the roll out of this enterprise. Accordingly, Mr. Parpart’s standing as a Director adjustments from Impartial non-Govt Director to Govt Director.
Mr. Uwe Parpart, IMTE’s new Govt Director commented, “I’ve identified Luis for over three many years. His in depth expertise within the banking and asset administration trade in Asia will likely be extraordinarily useful in guiding our strategic efforts in analysis and threat evaluation for China’s fast-growing securities trade. We’re very excited to have Luis be a part of IMTE’s Board of Administrators.”
Mr. Puyat commented, “I’m acquainted with IMTE’s total enterprise and the brand new monetary companies initiative in China. I’ve identified Mr. Parpart for over three many years and collaborated with him on banking ventures on a number of events previously. I’m assured that I can contribute, particularly, to the profitable commercialization of IMTE’s securities markets enterprise. I look ahead to working with the expert board of administrators as we proceed to execute our technique, drive profitability and improve worth for all our shareholders.”
About Built-in Media Know-how Restricted
Built-in Media Know-how Restricted. is engaged within the enterprise of glass-free 3D (also referred to as autostereoscopic 3D) show, the manufacture and sale of nano coated plates for air filters, the sale of digital glass and monetary analysis and information companies. The three new enterprise operations in air filters, digital glass and monetary analysis companies are anticipated to kind the muse of our future progress technique.
For extra info, please go to www.imtechltd.com.
Protected Harbor Concerning Ahead-Trying Statements
This press launch incorporates forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934, together with these concerning IMTE’s expectations, intentions, methods, and beliefs pertaining to future occasions or future monetary efficiency. Precise occasions or outcomes might differ materially from these within the forward-looking statements due to varied essential components, together with these described within the Firm’s most up-to-date filings with the SEC. IMTE assumes no obligation to replace publicly any such forward-looking statements, whether or not due to new info, future occasions or in any other case. For a extra full description of the dangers that might trigger our precise outcomes to vary from our present expectations, please see the part entitled “Threat Components” in IMTE’s annual studies on Type 20-F and interim studies on Type 6-Ok filed with the SEC, as such components could also be up to date once in a while in IMTE’s periodic filings with the SEC, that are accessible on the SEC’s web site and at http://www.imtechltd.com.
SOURCE INTEGRATED MEDIA TECHNOLOGY LIMITED