Change - Announcement of Appointment::Change - Announcement of Appointment

Issuer & Securities

Issuer/ Manager
MATEX INTERNATIONAL LIMITED
Securities
MATEX INTERNATIONAL LIMITED - SG1P13916389 - M15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Jul-2024 17:24:09
Status
New
Announcement Sub Title
Change - Announcement of Appointment
Announcement Reference
SG240731OTHRFHYN
Submitted By (Co./ Ind. Name)
Dr Alex Tan Pang Kee
Designation
Chief Executive Officer / Managing Director
Effective Date and Time of the event
01/08/2024 00:00:00
Description (Please provide a detailed description of the event in the box below)
Re-designation of Independent Director to Non-Executive Chairman and Independent Director - Mr Wang Daofu.

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the sponsor is Mr. Joseph Au at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Date Of Appointment
01/08/2024
Name Of Person
Wang Daofu
Age
61
Country Of Principal Residence
China
Date of last re-appointment (if applicable)
26/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Wang Daofu ("Mr Wang") has been an Independent Director since January 2017.

Upon the recommendation of the Nominating Committee and having reviewed and considered Mr Wang's credentials, qualifications, experiences and suitability, the Board has approved the re-designation of Mr Wang from Independent Director to Non-Executive Chairman and Independent Director of the Company. The Board has determined that Mr Wang's continued involvement as a Non-Executive Chairman and Independent Director would be highly beneficial for the Company and its shareholders by providing continuity, valuable insight and expertise that supports the Company's long term strategy and governance. Mr Wang Daofu has abstained from the deliberations and decision-making in relation to his re-designation.

Following Mr Wang's re-designation, he will remain as the Chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nominating Committee. The Board considers Mr Wang Daofu to be independent pursuant to Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
Non Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director
Chairman of Remuneration Committee
Member of Audit Committee
Member of Nominating Committee
Professional qualifications
Bachelor of Law from Peking University, China
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1. January 2004 to Present: Founding Partner, Yuan Tai Law Offices (Shanghai, China)
2. June 2019 to Present: Non-Executive and Independent Director, Sunpower Group Ltd.
3. November 2009 to May 2024: Director, Proceq Trading (Shanghai) Co., Ltd
4. January 2013 to December 2016: Independent Director, Jiangsu Jiangnan Agriculture Commercial Bank
5. October 2014 to 2023: Director, MOBO Information Technology Pte Ltd
6. January 2015 to 2019: Director, TH Straits 2015 Pte Ltd
7. April 2015 to 2022: Director, SGD Investment Pte Ltd
8. January 2016 to December 2018: Director, Bank of Dazhou
9. January 2017 to October 2021: Independent Director, Suzhou Diezhi Network Technology Co., Ltd.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1. Proceq Trading (Shanghai) Co. Ltd.
2. MOBO Information Technology Pte Ltd
3. SGD Inverstment Pte Ltd
4. Suzhou Diezhi Network Technology Co., Ltd
5. TH Straits 2015 Pte Ltd
Present
1. Yuan Tai Law Offices (Shanghai, China)
2. Sunpower Group Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
1. Sunpower Group Ltd.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable.