• Globaltec Formation disclosed departures from board leadership separation, independence and gender diversity standards in its governance report for the year ended June 30, 2026.
• The executive chairman remains acting CEO of the resources segment while a suitable candidate is sought.
• Chen Heng Mun became deputy group CEO on October 1, 2026, providing a second point of executive authority.
• Following Wong Zee Shin's retirement at the forthcoming annual meeting, independent directors will hold three of eight board seats, below the half-board target.
• Women will represent 12.5% of the eight-member board, short of the 30% benchmark.

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. Globaltec Formation Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720475) on October 30, 2026, and is solely responsible for the information contained therein.