Change - Announcement of Cessation::Resignation of Independent Director - Tso Sze Wai

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
21-Jul-2021 22:04:31
Status
New
Announcement Sub Title
Resignation of Independent Director - Tso Sze Wai
Announcement Reference
SG210721OTHRXQCG
Submitted By (Co./ Ind. Name)
Liu Changsheng
Designation
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.

Additional Details

Name Of Person
Tso Sze Wai
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2021
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?
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
09/06/2020
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)
4
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.)
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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Hua Han Health Industry Holdings Limited
Present
Net Pacific Financial Holdings Limited
China Jicheng Holdings Limited
China Asia Valley Group Limited