Magontec Limited announced that Mr. Robert Shaw, a member of the Magontec board since 4 March 2011, has retired from that position. His retirement is on the basis that his board responsibilities will cease at the close of business on 31 December 2018. During his tenure with the company, he has witnessed the period during which the company moved from one based on developing and marketing metals technology to a global metal manufacturer with significant new manufacturing capacity in China (Qinghai province) about to emerge. It has been a difficult and, sometimes tumultuous journey, and his service during that period has contributed to the opportunity that is now available to the Company. At its meeting on 4 December 2018, the Board appointed Mr. Atul Malhotra as a director. He will act as an Independent Non-Executive director with such duties commencing on and from 1 January 2019. In the period from September 2003 to October 2013, he was the Head of Purchasing and member of the Group Management team at Georg Fischer Automotive Group, Schaffhausen, Switzerland, a leading global supplier of cast metal (including magnesium) parts with an annual turnover of about 1,200 m and 11 production units located in Europe and China.