Change - Announcement Of Appointment :: Appointment Of Head Of Business Development And Strategy Planning

The Nominating Committee has recommended, and the Board has approved the appointment of Mr Ong Tong Yang ("Mr Ong"), inter alia, for the following reasons:

(1) Mr Ong stepped down as Executive Director of the Company on 31 March 2019 due to health reasons and as his health has improved, the Nominating Committee and the Board are of the view that re-employing Mr Ong will be beneficial to the Company as part of the Group s ongoing efforts to increase revenue growth; and

(2) While the Nominating Committee has taken note of Mr Ong s past offence, further details of which are set out in paragraph (d) below, the NC has deliberated and considers Mr Ong suitable for appointment as Head of Business Development and Strategy Planning of KSH (as defined below), inter alia, given the long lapse of time since the date of the offence and Mr Ong will be reporting to the CEO in his current role who will have direct supervision over the discharge of Mr Ong s roles and responsibilities.