Business Context and Reporting Period
This Form 6-K filing by Integrated Media Technology Limited is dated June 6, 2023. The report details significant changes to the Board of Directors and executive leadership, including the resignation of the co-CEO and independent non-executive Chairman, and the appointment of a new CEO and Company Secretary.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Resignation of Co-CEO: Mr. Xiaodong Zhang resigned as co-CEO and executive director effective June 6, 2023. The resignation was not due to any disagreement with the Company.
- Resignation of Chairman: Mr. Zhongqing Yang resigned as independent non-executive Chairman and director effective June 6, 2023. He also ceased membership on the Audit Committee and the Nomination and Remuneration Committee. This resignation was not due to any disagreement with the Company.
- CEO Appointment: Dr. Megat Radzman Bin Megat Khairuddin, previously appointed as Co-CEO on May 5, 2023, has been promoted to assume the sole role of CEO following Mr. Zhang's departure.
- Company Secretary Appointment: Mr. Byron Zhiyun Tan was appointed Company Secretary on June 6, 2023, replacing Ms. Jennifer Zhong who resigned on the same date.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary regarding future operations. No specific risks or contingencies are disclosed in this document other than the leadership transition itself.
Key Facts for Investor Verification
- Verify the effective date of Dr. Megat Radzman Bin Megat Khairuddin's promotion to sole CEO.
- Confirm the qualifications and background of the new Company Secretary, Mr. Byron Tan, particularly his experience in corporate finance and tax advisory.
- Check for any subsequent filings regarding the composition of the Audit Committee and Nomination and Remuneration Committee following Mr. Yang's resignation.
- Review the Company's next periodic financial report (Form 20-F) for the first set of financial results under the new leadership structure.