Change - Announcement of Cessation::RETIREMENT OF MR YAP BOH PIN 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 Cessation
Date &Time of Broadcast
09-Jun-2024 16:10:25
Status
New
Announcement Sub Title
RETIREMENT OF MR YAP BOH PIN AS NON-EXECUTIVE AND INDEPENDENT DIRECTOR OF THE COMPANY
Announcement Reference
SG240609OTHRIXMR
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

Name Of Person
Yap Boh Pin
Age
83
Is effective date of cessation known?
Yes
If yes, please provide the date
25/06/2024
Detailed Reason (s) for cessation
Mr Yap Boh Pin ("Mr Yap") has served as Independent Director of the Company beyond nine (9) years from the date of his first appointment and will be retiring from office upon the conclusion of the forthcoming Annual General Meeting to be held on 25 June 2024. Mr Yap will also be relinquishing his positions as Chairman of the Audit Committee, Member of the Nominating Committee and Remuneration Committee.

After having interviewed Mr Yap, and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, save as disclosed in this announcement, there are no material reasons for the retirement of Mr Yap.
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
01/04/2004
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
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
1
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 Committee and Remuneration Committee
Role and responsibilities
Non-Executive and Independent Director, Chairman of the Audit Committee, Member of the Nominating Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest: 507,262 ordinary shares
Past (for the last 5 years)
1. Ceylon Shipping Agency Pte Ltd
2. Shing Investments Pte Limited
3. STT Communications (Shanghai) Co., Ltd (f.k.a. STT Communications (Beijing) Co. Ltd)
4. Tyma Investments Pte Ltd
5. Telechoice International Limited
Present
1. Asia Mobile Holdings Pte. Ltd.
2. Coca-Cola Europacific Partners Investments) (Singapore) Pte. Ltd. (f.k.a. Amatil Investments (S) Pte Ltd
3. B.P.Y. Private Limited
4. GZLNi Pte. Ltd.
5. K & N Pacific Investments (S) Pte Ltd
6. Kraus & Naimer Pte. Ltd
7. Shing Kwan Investment (Singapore) Pte Ltd
8. Shing Kwan (Pte.) Ltd
9. Singapore Suzhou Township Development Pte Ltd
10. Shing Kwan Investment Company Limited
11. Overseas Realty (Ceylon) PLC
12. Overseas Realty Investments (Pvt) Ltd (f.k.a. SK Investments Lanka (Private) Limited)
13. Park Tower Properties (Private) Limited
14. Mireka Capital Land (Pvt) Ltd
15. Mireka Homes (Pvt) Ltd
16. Havelock City (Pvt) Ltd
17. Unity Builder Limited
18. ACS (International)