Change - Announcement of Cessation::Retirement as Independent Non-Executive Director

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2016 15:46:36
Status
New
Announcement Sub Title
Retirement as Independent Non-Executive Director
Announcement Reference
SG161231OTHRQF0I
Submitted By (Co./ Ind. Name)
Dr Tan Pang Kee
Designation
Chief Executive Officer / Managing Director
Description (Please provide a detailed description of the event in the box below)
Upon the cessation of Mr Robson Lee as a director of the Company, he will relinquish his positions as Independent Non-Executive Director, Chairman of the Remuneration Committee and a member of the Nominating Committee and Audit Committee. The Nominating Committee and the Board are in the process of identifying and appointing a new independent director. Once an appropriate candidate is identified and appointed, the Company will make the necessary announcement relating to such appointment.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor of the Company, CIMB Bank Berhad, Singapore Branch (the "Sponsor" ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST" ), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST and the Sponsor assume 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 persons for the Sponsor are Mr Yee Chia Hsing, Head, Catalist, Investment Banking and Mr Lee Chee Cheong, Associate Director, Investment Banking, CIMB Bank Berhad, Singapore Branch. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone:+65 6337 5115.

Additional Details

Name Of Person
Mr Robson Lee Teck Leng
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2016
Detailed Reason (s) for cessation
Mr Lee has served the Board for more than 10 years as independent director of the Company and is stepping down as part of the corporate governance best practice for board renewal.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
25/04/2006
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Nominating and Audit Committee.
Role and responsibilities
Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Nominating and Audit Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
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Present
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