Matex International Limited Appoints Chiang Yao Chong as Non-Executive Independent Director, Chairman of Audit Committee, Member of Nominating Committee and Remuneration Committee

Matex International Limited appointed Chiang Yao Chong as Non-Executive Independent Director, Chairman of Audit Committee, Member of Nominating Committee and Remuneration Committee. Board Comments: The Board having considered the recommendation of the Nominating Committee and Mr. Chiang Yao Chong's ("Mr. Chiang") qualification and work experience, is of the view that Mr. Chiang has the requisite experience and capabilities to assume the duties and responsibilities of the Independent Director of the Company. Working Experience: March 2021 to Present: Peirce Capital Pte.

Ltd. Singapore, Chief Executive Officer February 2015 to Present: Tuas Power Ltd, Singapore, Independent Board Director and Chairman of Audit and Risk Management Committee November 2017 to June 2020: CTBC Bank Co Ltd. (Taiwan), Singapore Branch, Chief Executive Officer February 2008 to October 2017: China CITIC Bank International Ltd, Hong Kong, China, Executive General Manager. Professional Qualifications: The Wharton School, USA, 2018, International Business Management Program Macquarie University, Sydney, Australia, 1995-1996, Master of Applied Finance (MAppFin) National University of Singapore, 1987-1989, Bachelor of Science (Economics) (BSc).