Investor Relations - News

Resignation Of Director And Changes To Board Committees

The Board of Directors of MTQ Corporation Limited ("the Company") would like to announce the resignation of Mr Philip Eng Heng Nee as a Director of the Company with effect from 21 July 2006.

With the resignation, Mr Philip Eng ceased to be the Chairman of the Remuneration Committee and a member of the Audit Committee. The Board of Directors would like to thank Mr Philip Eng for his contributions to the Company.

The Board would also like to announce that Mr Huang Yuan Chiang has been appointed as the Chairman of the Remuneration Committee. The composition of the Audit and Remuneration Committee are now as follows:

Audit Committee
Mr Ian Wayne Spence (Chairman)
Mr Huang Yuan Chiang
Mr Ong Choo Eng


Remuneration Committee
Mr Huang Yuan Chiang (Chairman)
Mr Ong Choo Eng
Mr Ian Wayne Spence



BY ORDER OF THE BOARD
MTQ CORPORATION LIMITED


Fong Choon Seng
Company Secretary
21 July 2006