Change - Announcement of Cessation::RESIGNATION OF FINANCIAL CONTROLLER

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
16-Aug-2022 17:40:19
Status
New
Announcement Sub Title
RESIGNATION OF FINANCIAL CONTROLLER
Announcement Reference
SG220816OTHRFJD3
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 continuing sponsor (the "Sponsor"), SAC Capital Private Limited.

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 is Ms Charmian Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
LOW YONG HENG
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
16/09/2022
Detailed Reason (s) for cessation
Mr Low Yong Heng ("Mr Low") has tendered his resignation to pursue other career opportunities.

After having interviewed Mr Low 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 other material reasons for the cessation of Mr Low as the Financial Controller.

In addition, there is no concern with regards to financial reporting that led to the cessation of Mr Low, and there is no disagreement between Mr Low and the Company's Board of Directors with regards to practices that will have an impact on the Company's financial reporting.

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
18/02/2019
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Mr Low supervises the accounts and finance department 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)
None
Present
None