Change - Announcement of Appointment::Appointment of Executive Director - Mr. Chin Teck Oon

Issuer & Securities

Issuer/ Manager
KTL GLOBAL LIMITED
Securities
KTL GLOBAL LIMITED - SG1W37938998 - EB7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Apr-2021 22:08:54
Status
New
Announcement Sub Title
Appointment of Executive Director - Mr. Chin Teck Oon
Announcement Reference
SG210428OTHRVZM1
Submitted By (Co./ Ind. Name)
Liu Changsheng
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Chin Teck Oon as an Executive Director of the Company.

Additional Details

Date Of Appointment
28/04/2021
Name Of Person
Chin Teck Oon
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The COVID-19 outbreak has resulted in a significant impact on the branding, operation and procurement ("BOP") business of the Group. Due to default of the Group s customers to execute the repayment plan of settlement of their outstanding balances, the Group has suspended the BOP services since January 2021. The Group has been exploring into new business opportunities to diversify its operations and to improve its financial performance. In line with the exploration into new business opportunities and diversification, the Board intends to reconstitute the Board to bring in new members with different experience and knowledge to explore new businesses of the Group.

The Board has considered the Nominating Committee's recommendation and assessment of Mr. Chin Teck Oon's experience and expertise in view of his 25 years of leadership and business management and is satisfied that he will add relevant expertise knowledge, skills and experience to the Board.

Mr. Chin Teck Oon is a substantial shareholder of the Company. The Board believed that Mr. Chin's interest as a substantial shareholder would align with the Group s corporate goals.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Mr. Chin will be responsible for evaluating and exploring into new businesses of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Professional qualifications
Not applicable
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Mr. Chin Teck Oon is a substantial shareholder of the Company.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
December 2004 to Present - Founder and Director
A-A Precision Wire Cut Pte Ltd

July 2016 to Present - Founder and Director
AA Home Star Sdn Bhd

December 2017 to Present - Founder and Director
Ice United Sdn Bhd

September 2018 to Present - Founder and Director
Mersing Star Sdn Bhd

February 2021 to Present - Director
Tianci International Pte Ltd
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
38,000,000 ordinary shares, representing 12.04% of the issued and paid up share capital of the Company
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
None
Present
A-A Precision Wire Cut Pte Ltd - Founder and Director
Ice United Sdn Bhd - Founder and Director
AA Home Star Sdn Bhd - Founder and Director
Mersing Star Sdn Bhd - Founder and Director
Tianci International Pte Ltd - Director
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Mr. Chin Teck Oon will be briefed on his roles and responsibilities as a Director of the Company. The Company will make the arrangements for Mr. Chin to attend the relevant SID seminar(s) and/or course(s) on the roles and responsibilities of a director of an SGX-listed company.