Nanyang New Development Limited (f.k.a. Matex International Limited) AGM 2026: Detailed Investor Highlights

1. Key Points of the AGM Report

• Annual General Meeting (AGM) held on 30 April 2026: The AGM took place at the company’s Singapore headquarters, attended by the board, senior management, external auditors, sponsor, and shareholders.
• Business Progress & Trading Resumption: The Chairman reported continued strengthening and expansion of business operations, with optimism for future financial performance. Efforts are focused on increasing sales, improving performance, and exploring new, higher-value products. The company is engaging industry professionals and actively seeking new business opportunities and investments, but will discontinue projects deemed commercially unviable. Notably, the trading of shares remains suspended, with the company awaiting SGX-ST’s guidance for resumption.
• Reorganisation & Strategic Direction: The CEO detailed a strategic shift away from asset-heavy manufacturing toward leveraging established brand presence and supply chain partnerships in Southeast and South Asia, as well as China. Investment in R&D for new dye products and application-based solutions targeting younger consumers and evolving trends is ongoing. The company aims to deliver innovative, differentiated products and restore sustainable growth.
• Board Changes: Mr. Chng Hee Kok retired as Director, Chairman of the Nominating Committee, and member of both Audit and Remuneration Committees. The Board expressed gratitude for his contributions.
• Director Elections: All directors up for re-election (Mr. James Kho Chung Wah, Dr. Liu Shen, Dr. Fu Shaohai) were re-elected. Their roles and independence status were retained.
• Directors’ Fees: Directors’ fees for FY2026 were set at S\$160,000, a reduction from S\$184,000 in FY2025.
• Auditor Reappointment: Moore Stephens LLP was reappointed as auditors for the ensuing year.
• Share Issue Mandate: Shareholders granted authority to directors to issue shares up to 100% of issued share capital, with a maximum of 50% on a non-pro-rata basis, in line with SGX Catalist rules.
• Poll Results: All resolutions were carried with 100% of votes in favor.

2. Important Shareholder Information & Potential Price Sensitive Matters

• Trading Suspension and Resumption:

  This remains a critical issue. The company has submitted all required disclosures to SGX-ST and believes all material information is now available. The initial suspension was to prevent uninformed trading. The Board and management understand shareholder frustration and are actively engaging with SGX-ST for a swift resumption. The Chairman reiterated the importance of shares as personal assets and the company’s commitment to restoring trading. The timeline depends on SGX-ST’s response and further guidance. This could significantly impact share value once trading resumes.

• Strategic Business Restructuring:

  The company is undergoing restructuring in Mainland China and is shifting its strategy towards supply chain partnerships and brand leverage, moving away from traditional manufacturing expansion. This approach focuses on market expansion and efficiency, targeting Southeast and South Asia. There is a renewed focus on R&D, targeting new market segments, especially younger consumers. Successful execution of this strategy could enhance competitiveness and long-term growth prospects, affecting future earnings and share price.

• Share Issue Mandate:

  Shareholders approved a broad mandate allowing directors to issue shares up to 100% of capital (excluding treasury/subsidiary holdings), with a cap of 50% for non-pro-rata issues. This provides flexibility for capital raising and strategic initiatives but could impact dilution and share price if exercised.

• Board & Management Stability:

  The re-election of key directors and retirement of Mr. Chng Hee Kok ensures continuity but also signals governance changes. The reduction in director fees may indicate tighter cost controls or reflect business realities.

3. Detailed Resolution Outcomes

4. Summary for Investors

Key Takeaways: The AGM confirms that Nanyang New Development Limited is actively restructuring and repositioning its business model, with a strong focus on supply chain partnerships and R&D for innovative dye products. The company is committed to restoring trading of its shares, and believes it has fulfilled SGX-ST’s requirements, pending further guidance. The broad share issue mandate and reduction in director fees signal strategic flexibility and cost consciousness.

Potential Share Price Drivers: The resumption of trading, if approved by SGX-ST, could be a major catalyst. Strategic restructuring and successful expansion into new markets or product segments, as well as any future share issuance, could also impact share price. Investors should monitor regulatory developments and company announcements closely.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information is based on official AGM minutes and may be subject to change or further clarification by the company or regulators.

南洋新发展有限公司（原名 Matex International Limited）2026年股东大会详细报道

1. 报告重点

• 2026年4月30日年度股东大会： 股东大会在新加坡总部举行，董事会、高管、外部审计师、赞助商及股东出席。
• 业务进展与股票复牌： 董事长报告公司持续加强和扩展业务，对未来财务表现持乐观态度。重点在于提升销售、改善业绩及探索更高价值新产品。公司正与行业专业人士合作，积极寻求新的业务机会和投资，但会停止对商业不可行项目的追求。值得注意的是，股票交易仍处于暂停状态，公司正等待SGX-ST对于复牌的指导。
• 战略调整： CEO介绍了公司在中国大陆的重组，并转向品牌与供应链合作，远离传统制造扩张。公司将专注于东南亚、南亚市场扩展，持续投资研发，开发针对年轻消费群体的新染料产品及应用解决方案，力求创新、差异化产品，恢复可持续增长。
• 董事会变动： Mr. Chng Hee Kok 退休，董事会对其贡献表示感谢。
• 董事续任： 所有候选董事（James Kho Chung Wah、刘深博士、傅绍海博士）均获续任并保留现有职务。
• 董事薪酬： 2026年董事薪酬定为16万新元，较2025年减少2.4万新元。
• 审计师续任： Moore Stephens LLP获续任为来年审计师。
• 授权董事发行股份： 股东批准董事可发行相当于公司全部已发行股本（不含库藏股及子公司持股）的股份，非按比例发行上限为50%，符合SGX Catalist规则。
• 投票结果： 所有议案均获100%赞成通过。

2. 股东须知及潜在价格敏感事项

• 股票复牌：

  这是股东最关心的核心问题。公司已向SGX-ST提交所有要求的披露材料，认为所有重要信息已公开。最初停牌是为防止信息不足时交易。董事会深知股东焦虑，正积极与SGX-ST沟通，争取尽快复牌。复牌时间取决于监管方回应与进一步指导，复牌将对股价产生重大影响。

• 业务重组与战略调整：

  公司正重组中国大陆业务，战略转向供应链合作与品牌价值，远离传统制造扩张，专注东南亚、南亚市场。持续研发新产品，目标年轻市场。若战略执行成功，将增强竞争力和长期增长，对未来盈利和股价产生影响。

• 发行股份授权：

  股东批准董事可灵活发行股份，最高达已发行股本100%，非按比例发行上限50%。此举为公司筹资及战略行动提供空间，若实施可能影响稀释及股价。

• 董事会稳定：

  关键董事续任和Mr. Chng Hee Kok退休，确保治理稳定。董事薪酬减少或反映成本控制或业务现状。

3. 议案详细结果

4. 投资者摘要

内容摘要： 股东大会确认公司正积极重组和调整业务模式，重点品牌合作与研发创新染料产品。公司致力于恢复股票交易，认为已满足监管要求，等待进一步指导。股份发行授权及董事薪酬调整显示战略灵活性和成本意识。

潜在股价驱动因素： 一旦复牌获批，将成为主要催化剂。战略调整和新市场、新产品成功拓展，以及未来股份发行都可能影响股价。投资者应密切关注监管和公司公告。

免责声明

本文仅供参考，不构成投资建议。投资者应自行研究并咨询专业顾问后作出决策。信息基于官方股东大会纪要，或随公司或监管澄清而变化。

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