Change - Announcement of Appointment::APPOINTMENT OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
KTMG LIMITED
Securities
KTMG LIMITED - SGXE61141383 - XCF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Aug-2022 17:44:03
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG220816OTHR4TXF
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)
Appointment of Mr Bong Wee Khong as the Chief Financial Officer of the Group in place of Mr Low Yong Heng with effect from 1 September 2022. Mr Low Yong Heng will continue to work with the Group through transition period to 16 September 2022.

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

Date Of Appointment
01/09/2022
Name Of Person
BONG WEE KHONG
Age
45
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The board of directors, having reviewed and considered the curriculum vitae, experience and suitability of Mr Bong Wee Khong ("Mr Bong") is satisfied that Mr Bong possesses the requisite experience and capabilities to assume the role of Chief Financial Officer, and approved the appointment of Mr Bong as Chief Financial Officer.
Whether appointment is executive, and if so, the area of responsibility
Executive position. He supervises the financial and financial related affairs of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer.
Professional qualifications
Mr Bong Wee Khong graduated with a BA Accounting and Financial Management and Economics from University of Sheffield, United Kingdom in 1999. He subsequently qualified as a chartered certified accountant of the Association of Chartered Certified Accountants (ACCA) on 17 February 2003 and a chartered accountant of Malaysian Institute of Accountants (MIA) on 11 August 2003.
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
1. Shantawood Sdn Bhd (May 2021 to August 2022) - Chief Operating Officer
2. Hatten Retail Management Sdn Bhd (July 2019 to March 2021) - Chief Operating Officer
3. DK-MY Properties Sdn Bhd (October 2018 to July 2019) - Chief Financial Officer
4. NCT Venture Corporation Sdn Bhd (August 2016 to October 2018) - Chief Financial Officer
5. Hatten Properties Sdn Bhd (October 2013 to August 2016) - Chief Operating Officer (Joint Venture Division)
6. Hatten Asset Management Sdn Bhd (February 2011 to September 2013) - Financial Controller
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)
Nil
Present
Nil
(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?
No
(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?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not applicable
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable