• Matang’s governance report for the year ended June 30, 2026, outlines plans to retain Foong Chee Meng as independent director until August 31, 2027.
• Shareholder approval will be sought at the 12th annual general meeting without two-tier voting, departing from the governance code.
• Foong will subsequently become a non-independent director upon reaching the maximum 12-year term as an independent director.
• The chairman’s membership on the audit and risk management committee and nomination and remuneration committee represents another governance code departure.
• Independent directors currently account for 50% of the six-member board.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matang Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3719795) on October 29, 2026, and is solely responsible for the information contained therein.