Change - Announcement of Cessation::Resignation of Chief Financial Officer - Ms Zhou Ying

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
30-Jun-2022 19:29:40
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer - Ms Zhou Ying
Announcement Reference
SG220630OTHR9Q8J
Submitted By (Co./ Ind. Name)
Chin Teck Oon
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms Zhou Ying as Chief Financial Officer of the Company with effect from 31 July 2022.

Additional Details

Name Of Person
Zhou Ying
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2022
Detailed Reason (s) for cessation
Ms Zhou Ying ("Ms Zhou") had on 30 June 2022 tendered her resignation as the Chief Financial Officer ("CFO") of the Company to pursue other career opportunities.

The Board of Directors of the Company has accepted Ms Zhou's resignation, and pursuant to mutual agreement with the Company, Ms Zhou's last day of employment with the Company will be 31 July 2022.

There are no concerns with regards to financial reporting that led to the resignation of Ms Zhou as the CFO of the Company and there are no disagreements between Ms Zhou and the Board of Directors of the Company with regards to practices that would have an impact to the Company's and the Group's financial reporting.

The Board of Directors will actively look for a replacement and will make the necessary announcement when the candidate is appointed.

The Board of Directors and the Management sincerely thank Ms Zhou for her invaluable contributions, dedication and commitment to the Company during her tenure with the Company.
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
20/10/2021
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for determining the financial policies of the Group and taking charge of the full accounting, financial and treasury/cash management matters of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Deep Value Pte. Ltd.
Shen Yao (Singapore) Pte. Ltd.
Shen Yao Investments Pte. Ltd.
Present
Nil