|The Board of Directors of Mintye Industries Bhd. ("Mintye") wishes to announce that pursuant to Paragraph 10.09 Part E of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board proposes to seek shareholders' approval for the Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a revenue or trading nature which are necessary for the day-to-day operations and are carried out in the ordinary course of business of the Mintye Group which are not more favourable to the related parties than those generally available to the public.|
The Board will be seeking shareholders' approval for the above proposal at the Annual General Meeting ("AGM") to be convened.
The Circular to Shareholders containing details of the above proposal together with the Notice of AGM will be sent to the shareholders in due course.
This announcement is dated 7th April 2010.