Magontec Ltd (ASX: MGL) Share Price and News

Mr Andrews served as a Non-Executive Director of Advanced Magnesium Limited (From 2007 to 2009) prior to the acquisition of Magontec GmbH and the company name change to Magontec Limited. Mr Andrews has a financial services background in investment management and investment banking. From 1996 to 2005 he was a Managing Director at UBS Investment Bank and responsible for global distribution of Australian and New Zealand Equity products. From 1989 to 1996 Mr Andrews was the Chief Investment Officer at LGT Investment Management in charge of the group's investment portfolios for the Australasian region. Mr Andrews is a Member of the Executive Committee and serves on the Board of the International Magnesium Association. Since 2017 he has also served as Honorary Treasurer of the IMA. Mr Andrews serves as a Non-Executive Director and Chair of the Finance & Audit Committee of CarbonXT Group Limited. He is Member of the Business Risk Committee.

Mr Li is the owner of Tianjin Keweier Metal Material Co Ltd (KWE (TJ)) in China. He spent 10 years at Tianjin Auto Industry Company Ltd. For more than 10 years, Mr Li has built a trading and manufacturing business that specialises in magnesium products. KWE (TJ) has facilities located in Hong Kong and Tianjin and experience of the global magnesium industry. Mr Li is associated with Yuan Yuan Li, who in February 2025 became a substantial shareholder of Magontec Ltd following the transfer of shares into her name.

Mr Labuschagne is the Executive Chair of Aeris Resources Limited. Mr Labuschagne is an experienced mining executive with a career spanning more than 30 years, primarily in the gold industry, and has held executive roles in South Africa, PNG, Fiji and Australia for a number of gold companies, including Emperor Gold Mines, DRD Gold and AngloGold Ashanti. He is Chair of the Business Risk Committee (BRC) and member of the Finance and Compliance Committee.

Mr Kaye was admitted to legal practice in 1978 and employed as a solicitor at Allen, Allen & Hemsley Solicitors. Thereafter he pursued his legal career at the NSW Bar and was appointed Senior Counsel in 2003, practising in commercial law. He has been involved in an array of commercial matters both advisory and litigious in nature and served on a number of NSW Bar Association committees including the Professional Conduct Committee. In the conduct of his practice as a barrister, he has acted for financial institutions and commercial enterprises, both public and private and given both legal and strategic advice. He has had mediation experience and been involved in the resolution of complex commercial disputes. Mr Kaye is currently Chair and a Non Executive Director of Collins Foods Limited and a Non-Executive Director at FAR Limited. Mr Kaye was previously the Chair of Spicers Limited, the Chair of the Macular Disease Foundation Australia and was formerly a Non-Executive Director with UGL Limited, Electro Optic Systems Holdings Limited and HT&E Limited. He is Member of the Finance and Compliance Committee.

Mr Malhotra has a professional background in Procurement, Supply Management, Strategy, Business Development and other functions. During his career spanning over 40 years, he has held executive roles at ABB, Bombardier Transportation, Adtranz and Continental with responsibility for projects and operations in Europe, Asia and Australia. For over 10 years till October 2013, Mr Malhotra was the Head of Purchasing and a Member of the Group Management at Georg Fischer Automotive Group, Schaffhausen, Switzerland, a global supplier of cast metal (including magnesium) parts with an annual turnover of approximately 1,200m Euro and 11 production units located in Europe and China. As Head of Purchasing, his main responsibilities included establishing procurement strategy and managing the procurement function. As part of the Group's senior management team, he also held co-responsibility for providing strategic direction to, and oversight of, the business units with reporting responsibilities to the Corporate division. Since January 2014 he has been acting as an independent adviser to various corporate clients and businesses. He is chair of the Finance and Compliance Committee and member of the Business Risk Committee (BRC).

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