The Board of Directors of MTQ Corporation Limited announced Mr. Ong Choo Eng has tendered his resignation as an Independent Director of the company with effect from 28 October 2016, after serving the Board for more than 19 years to allow progressive refreshing of the Board pursuant to the 2012 Code of Corporate Governance. Mr. Ong Choo Eng will also relinquish his appointment as Member of the Remuneration Committee of the company. Mr. Ong Eng Yaw has been appointed as an Independent Director of the company with effect from 28 October 2016. Mr. Ong Eng Yaw is considered independent pursuant to SGX-ST Listing Rule 704(8) of the Listing Manual. He has also been appointed as a Member of the remuneration Committee of the company in place of Mr. Ong Choo Eng.