Investor Relations - News
Change - Announcement Of Re-Designation Of Non-Executive To Executive Chairman
BackSep 22, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Sep 22, 2025 18:11 |
| Status | New |
| Announcement Sub Title | Re-designation of Non-Executive to Executive Chairman |
| Announcement Reference | SG250922OTHRY5HZ |
| Submitted By (Co./ Ind. Name) | Tan Lee Fang |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Re-designation of Non-Executive to Executive Chairman |
| Additional Details | |
| Date Of Appointment | 01/10/2025 |
| Name Of Person | Kuah Kok Kim ("Mr Kuah") |
| Age | 80 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 31/07/2025 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board carefully considered the re-designation of Mr Kuah as Executive Chairman in light of his expanded role and significant contributions to the Group. Over the past years, Mr Kuah has played a pivotal role in guiding the Group's growth in Bahrain, and more recently, in supporting both the UAE expansion and the Singapore operations. His deep institutional knowledge, industry expertise, and longstanding relationships continue to be of strategic value to the Group. In assessing the appointment, the Board took into account his proven leadership, ability to provide continuity during this phase of expansion, and the time and commitment he continues to devote to Group matters. The re-designation reflects the evolving scope of his involvement and recognises the importance of his active role in supporting the Group's strategic and operational priorities. Mr Kuah's re-designation complements the Group CEO's Middle East-based leadership with his Singapore presence, thereby strengthening geographic and leadership support within the Board. The Nomination and Remuneration Committee reviewed and recommended the re-designation, which was approved by the full Board after due consideration. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive in nature. As Executive Chairman, Mr Kuah will provide strategic leadership and oversight across the Group's operations, with particular focus on supporting the business development and operational growth of the Singapore and Middle East businesses, including the scaling-up of the Group's new UAE facility. He will also continue to ensure alignment between the Group's corporate strategy, governance framework, and operational execution, working closely with the Group CEO and regional management teams. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman |
| Professional qualifications | Nil |
| 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 | Yes. Mr Kuah is the father of Mr Kuah Boon Wee, Non-executive Director of the Company. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Mr Kuah has been an Executive Chairman since 1997 until his re-designation as Non-Executive Chairman in October 2012, a position he continues to hold. |
| 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? | Yes |
| Shareholding Details | 58,317,217 ordinary shares in MTQ Corporation Limited |
| # 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 | - MTQ Oilfield Services W.L.L. - MTQ Engineering L.L.C. - MTQ Oil and Gas Facilities Services L.L.C. |
| (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? | Yes |
| If Yes, Please provide details of prior experience | 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 |