KTL Global Limited announced the cessation of Chng Hee Kok as Lead Independent Director and Non-Executive Vice-Chairman with effect from 31 March 2022. Mr. Chng will, following his resignation, relinquish his roles as the Chairman of Nominating Committee and member of the Audit Committee, the Remuneration Committee and the Performance Share Scheme Committee. Following Mr. Chng's resignation, the Board and the Nominating Committee are currently in the process of reviewing its composition to ensure compliance with the Code of Corporate Governance 2018 (the "Code") to meeting the minimum requirement of Principle 2 (Provision 2.2) of the Code which provides that independent directors should make up a majority of the Board where the Chairman is not independent.