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

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
24-Jul-2020 19:20:54
Status
New
Announcement Sub Title
Appointment of Lead Independent Director and Non-Executive Chairman
Announcement Reference
SG200724OTHRDMX5
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

Date Of Appointment
24/07/2020
Name Of Person
Chng Hee Kok
Age
72
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of the Company, having reviewed and considered the Nominating Committee's assessment of Mr Chng Hee Kok's qualifications and work experience, is of the view that Mr Chng Hee Kok possesses the requisite experience and capabilities to assume the responsibilities as an Independent Director of the Company.

Mr Chng Hee Kok is considered independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
The appointment is not executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and Non-Executive Chairman, Chairman of NC, member of RC, AC and Performance Share Scheme Committee.
Professional qualifications
Bachelor of Engineering (1st Class Honours) - National University of Singapore

Master of Business Administration - National University of Singapore

Program for Executive Development - International Institute for Management Development, Switzerland
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
Nil.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
2008 to 2010
Executive Director and Chief Executive Officer of Hartawan Holdings Ltd

2010-2011
Executive Director of HG Metal Manufacturing Ltd

2012-2016
Executive Director and Managing Director of LH Group 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?
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)
China Flexible Packaging Holding Limited

Pacific Star Development Limited (formerly known as LH Group Limited)

Pacific Century Regional Developments Limited

Sino-American Tours Corporation Pte Ltd

Rich Capital Holdings Limited (formerly known as Infinio Group Limited)
Present
Ellipsiz Ltd

Samudera Shipping Line Ltd

Full Apex (Holdings) Limited

Luxking Group Holdings Limited

United Food Holdings Limited

The Place Holdings Ltd

Blackgold Natural Resources Limited

Metech International Limited
(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?
Yes
If Yes, Please provide full details
Mr. Chng is an independent director of Full Apex (Holdings) Limited ( "FAHL"), a company listed on the main board of SGX-ST. A winding up petition was filed against FAHL on 8 February 2018 ("Petition") by certain creditors ("Petitioner"). For more details, please refer to FAHL s announcement dated 23 March 2018 on SGXNET.

On 14 May 2019, FAHL announced that the creditors have confirmed receipt of the Total Consideration under a Loan Transfer Agreement (the "LTA"). Further, the joint provisional liquidators ("JPL") of FAHL understand that the Petitioner will apply for the withdrawal of the Petition before the next hearing, subject to fulfillment of certain conditions.

On 9 July 2019, FAHL announced that the court had ordered for the Petition to be withdrawn during a court hearing for the Petition held on 14 June 2019. There are however certain post-completion obligations under the LTA that are yet to be fulfilled prior to the discharge of the JPL.

On 21 April 2020, FAHL announced that it is still working on the fulfilments of the outstanding obligations under the LTA which are required prior to the discharge of the JPL.

For more details, please refer to FAHL's announcements dated 14 May 2019, 9 July 2019 and 21 April 2020 on SGXNET.
(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?
Yes
If Yes, Please provide full details
Mr Chng was fined S$5,000 in August 2007 under section 156 of the Companies Act Chapter 50 and was given warning under section 28(B)(b) of the Prevention of Corruption Act, Chapter 241.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr Chng is currently a director of the following listed companies:

Ellipsiz Ltd

Samudera Shipping Line Ltd

Full Apex (Holdings) Limited

Luxking Group Holdings Limited

United Food Holdings Limited

The Place Holdings Ltd

Blackgold Natural Resources Limited

Metech International Limited