Matex International Limited announced that the Company has incorporated the following subsidiary in Singapore. Name of Subsidiary is MatexMega Pte. Ltd. Principal Activity: Manufacture and repair of measuring devices (e.g. Meters); Issued and Paid-up Share Capital is SGD 100,000, comprising 100,000 ordinary shares issued at SGD 1.00 each; % held by the Company is 65%. The incorporation of the above-mentioned subsidiary is fully funded through internal resources and is not expected to have any material impact on the earnings per share and the net tangible assets per
share of the Company for the financial year ending 31 December 2023.