Change - Announcement of Cessation::Resignation of Independent Director - Tso Sze Wai
Issuer & Securities
KTL GLOBAL LIMITED
KTL GLOBAL LIMITED - SG1W37938998 - EB7
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director - Tso Sze Wai
Submitted By (Co./ Ind. Name)
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Tso Sze Wai as Independent Director of the Company with effect from 31 August 2021.
Name Of Person
Tso Sze Wai
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Tso Sze Wai has tendered his resignation as Independent Director of the Company. His last day with the Company will be 31 August 2021.
Mr. Tso decided to resign to focus on his other obligations and work commitments in Hong Kong as he is a Hong Kong resident. Following his resignation, Mr. Tso Sze Wai shall relinquish his positions as the Chairman of the Audit Committee and member of the Remuneration Committee, Nominating Committee and Performance Share Scheme Committee.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, AC Chairman, RC member, NC member and PSSC member.
Role and responsibilities
Mr. Tso served as an Independent Director of the Company and assumed the roles and responsibilities of a Chairman of the Audit Committee and member of the Remuneration Committee, Nominating Committee and Performance Share Scheme Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Hua Han Health Industry Holdings Limited
Net Pacific Financial Holdings Limited
China Jicheng Holdings Limited
China Asia Valley Group Limited