Change - Announcement of Appointment::APPOINTMENT OF MR OOI JIT HUAT AS NON-EXECUTIVE AND INDEPENDENT DIRECTOR OF THE COMPANY

Issuer & Securities

Issuer/ Manager
KTMG LIMITED
Securities
KTMG LIMITED - SGXE61141383 - XCF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Jun-2024 16:07:34
Status
New
Announcement Sub Title
APPOINTMENT OF MR OOI JIT HUAT AS NON-EXECUTIVE AND INDEPENDENT DIRECTOR OF THE COMPANY
Announcement Reference
SG240609OTHRO7GC
Submitted By (Co./ Ind. Name)
Lim Vhe Kai
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor Ms. Charmian Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
25/06/2024
Name Of Person
Ooi Jit Huat
Age
73
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors, having considered amongst others, the recommendation of the Nominating Committee and the qualifications, working experience and competencies of Mr Ooi Jit Huat, is of the view that he is suitable for appointment as Non-Executive and Independent Director of the Company, the Chairman of Audit Committee, and a Member of the Nominating Committee and the Remuneration Committee. Mr Ooi Jit Huat's appointment is subject to the approval of the Company's Shareholders at the AGM to be held on 25 June 2024.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director, Chairman of the Audit Committee, Member of the Nominating and the Remuneration Committees.
Professional qualifications
Member of Malaysian Institute of Accountants, Member of Malaysian Institute of Certified Public Accountants, Fellow of Chartered Tax Institute of Malaysia.
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr. Ooi began his career with one of the big four accounting firms in 1972. He resigned in 1982 and joined a Malaysian incorporated company whose holding company was listed on the New York Stock Exchange in the United States of America. Thereafter, he had formed Russ Ooi & Associates ("ROA") a public accounting company in 1985. Mr Ooi has garnered a wide spectrum of experiences in the financial industry specializing in corporate consultancy, financial management, auditing and investigation and management information systems. Throughout his career he has involved in a broad spectrum of assignments such as corporate exercise, due diligence, reverse takeover, pre-listing reviews, restructuring, tax planning including mergers and acquisitions of several companies on the Bursa Malaysia Securities.
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?
No
# 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)
a. Priceworth International Berhad
b. Bertam Alliance Berhad
Present
a. Kwantas Corporation Berhad
b. Bintai KindenCorporation Berhad
c. Ultimate Class Sdn Bhd
d. ROA Management Consultants Sdn Bhd
e. ROA Consulting Sdn Bhd
f. Mint Heritage Sdn Bhd
(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. Ooi will be attending the requisite training programmes prescribed by the Exchange within 1 year from his date of appointment.