Change - Announcement of Cessation::Cessation of Independent 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
25-Mar-2025 17:22:47
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG250325OTHR3ETY
Submitted By (Co./ Ind. Name)
Dr Alex Tan Pang Kee
Designation
Chief Executive Officer/ Managing Director
Description (Please provide a detailed description of the event in the box below)
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

Name Of Person
Foo Der Rong
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2025
Detailed Reason (s) for cessation
Mr. Foo Der Rong ("Mr. Foo") would have served in the Board for 9 years on 10 May 2025. Mr. Foo will retire as an Independent and Non-Executive Director pursuant to Regulation 89 of the Company's constitution at the forthcoming annual general meeting ("AGM"). His retirement from the Board will take effect upon the conclusion of the AGM. Accordingly, Mr. Foo will cease to be the Chairman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee of the Company.

The Board would like to express its gratitude and appreciation towards Mr. Foo's valuable contributions to the Board during his tenure. Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Foo as Non-Executive and Independent Director of the Company.

The Company is in the process of identifying a suitable candidate to fill the vacancy to meet the minimum number of members within the Audit Committee of the Company pursuant to the Catalist Rules and shall update shareholders on the appointment as and when appropriate.
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
10/05/2016
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)
1
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 Director, Chairman of Nominating Committee and Member of Audit and Remuneration Committees
Role and responsibilities
Independent Director, Chairman of Nominating Committee and Member of Audit and Remuneration Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Trans Asia Investments Pte. Ltd.
Aedge Group Ltd.
Aedge Holdings Pte. Ltd.
Pavillon Holdings Ltd.
Present
Southern Lion Sdn. Bhd.
Tian International Pte. Ltd.
Noel Gifts International Ltd.
SLB Development Ltd.