Change - Announcement of Cessation::Cessation of Non-Executive Chairman and Lead Independent Director

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Jun-2020 19:10:17
Status
New
Announcement Sub Title
Cessation of Non-Executive Chairman and Lead Independent Director
Announcement Reference
SG200609OTHRF9OX
Submitted By (Co./ Ind. Name)
Liu Changsheng
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please refer to the details below.

Additional Details

Name Of Person
Lim Yeow Hua @ Lim You Qin
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2020
Detailed Reason (s) for cessation
Mr Lim Yeow Hua @ Lim You Qin has served as Independent Director of the Company for more than 9 years and will be retiring at the conclusion of the AGM held on 29 June 2020. He has indicated that he will not be seeking re-election.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
31/10/2007
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Lead Independent Director
Role and responsibilities
Non-Executive Chairman and Lead Independent Director, Chairman of the Audit Committee and member of the Remuneration, Nominating and Performance Share Scheme Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Shareholding interest in the listed issuer and its subsidiaries?
No
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Present
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