KTL GLOBAL LIMITED

(Incorporated in the Republic of Singapore under Registration Number 200704519M)

  1. APPOINTMENT OF NON-EXECUTIVENON-INDEPENDENT DIRECTOR AND NON- EXECUTIVE CHAIRMAN OF THE BOARD
  2. RE-DESIGNATIONOF NON-EXECUTIVE CHAIRMAN TO VICE CHAIRMAN OF THE BOARD
  3. CHANGES TO COMPOSITION OF THE BOARD AND BOARD COMMITTEES

The Board of Directors (the "Board") of KTL Global Limited (the "Company", and together with its subsidiaries, the "Group") wishes to announce the following:

  1. APPOINTMENT OF NON-EXECUTIVENON-INDEPENDENT DIRECTOR AND NON-EXECUTIVE CHAIRMAN OF THE BOARD
    Mr. Wu Yongqiang ("Mr. Wu") has been appointed as a Non-ExecutiveNon-Independent Director of the Company with effect from 14 December 2021.
    Mr. Wu is also appointed as Non-Executive Chairman of the Board, and a member of the Audit Committee, Remuneration Committee, Nominating Committee and Performance Share Scheme Committee.
    Mr. Wu shall be considered non-independent for purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
    The detailed information pursuant to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited on the appointment of Mr. Wu Yongqiang are set out in a separate announcement released by the Company today.
  2. RE-DESIGNATIONOF NON-EXECUTIVE CHAIRMAN TO VICE CHAIRMAN
    Following the appointment of Mr. Wu Yongqiang as the Non-Executive Chairman of the Board, Mr. Chng Hee Kok has been re-designated as the Vice Chairman of the Board with effect from 14 December 2021. Mr. Chng Hee Kok will remain as the Lead Independent Director of the Company.
  3. CHANGES TO COMPOSITION OF THE BOARD AND BOARD COMMITTEES
    Consequent to the abovementioned changes, the composition of the Board and Board Committees shall be as follows with effect from 14 December 2021:

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Board of Directors

Mr. Wu Yongqiang

-

Non-Executive Chairman and Non-ExecutiveNon-Independent

Director

Mr. Chng Hee Kok

-

Vice Chairman and Lead Independent Director

Mr. Chin Teck Oon

-

Executive Director and Chief Executive Officer

Mr. Chong Eng Wee

-

Independent Director

Mr. Chua Thiam Chwee -

Independent Director

Mr. Teh Chong Seng

-

Independent Director

Audit Committee

Mr. Chua Thiam Chwee (Chairman)

Mr. Chng Hee Kok

Mr. Chong Eng Wee

Mr. Teh Chong Seng

Mr. Wu Yongqiang

Remuneration Committee

Mr. Chong Eng Wee (Chairman)

Mr. Chng Hee Kok

Mr. Chua Thiam Chwee

Mr. Teh Chong Seng

Mr. Wu Yongqiang

Nominating Committee

Mr. Chng Hee Kok (Chairman)

Mr. Chong Eng Wee

Mr. Chua Thiam Chwee

Mr. Teh Chong Seng

Mr. Wu Yongqiang

Performance Share Scheme Committee

Mr. Chong Eng Wee (Chairman)

Mr. Chng Hee Kok

Mr. Chua Thiam Chwee

Mr. Teh Chong Seng

Mr. Wu Yongqiang

By Order of the Board

KTL Global Limited

Chin Teck Oon

Chief Executive Officer

14 December 2021

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KTL Global Limited published this content on 14 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2021 13:47:02 UTC.