GLG CORP LTD — Board/Management Information 2021

Jun 30, 2021

1 July 2021

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Appointment of Felicia Gan as Chief Executive Officer

GLG Corp Limited ( GLG or the Company ) (ACN 116 632 958) is pleased to announce the promotion of Ms Felicia Gan as Chief Executive Officer ( CEO ) with effect from 1 July 2021.

Ms Gan has been with the Company since 2006 and has undertaken various positions including Chief Administrative Officer and Chief Marketing Officer. She will take up the reins of leadership from Madam Estina Ang, GLG Corp Ltd’s founding CEO. Madam Ang’s excellent work has paved the way for Ms Gan to build on strong foundations for evolution and growth.

Her new scope of responsibilities will expand to include some of the strategic development and day-to-day duties of the CEO. Building on what we have already accomplished, under Ms Gan’s leadership we will continue to build on our strategic direction, grow and develop our organisation, strengthen our partnerships and build new relationships. At the same time, Ms Gan will continue to retain her oversight over management of Finance, Textile Mill and Factories’ Operation, Business Development, Sales & Marketing including Outsourced Manufacturing Product, Development and Design departments.

Meanwhile, Madam Estina Ang will continue her position of Executive Chairman and will continue to influence the Company in an advisory role to facilitate a smooth transition for Ms Gan and to provide support on specific projects as required.

GLG Corp Limited is excited for the legacy succession planning and Ms Gan’s tenure with extensive industry experience which it believes will help to the Company to achieve even greater success in the market and will continue to contribute boldly to the future of the Company’s strategy.

Please join us in extending “Congratulations” to our new CEO and we appreciate your continued support to GLG Corp Limited as we embark on this new phase under Ms Gan’s leadership.

A summary of the material terms of the employment arrangements for Ms Gan are attached.

-ENDS-

This announcement was authorised for release by the Board of Directors of GLG Corp Limited

Rebecca Weir Company Secretary GLG Corp Limited rebecca.weir@boardroomlimited.com.au

Summary of Material Terms and Conditions of Employment of Ms Felicia Gan

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Commencement 1 July 2021
Term No fixed term, ongoing until terminated by either party in
accordance with the service agreement.
Fixed Renumeration S$420,000 per annum (subject to annual review)
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Summary of Material Terms and Cond	Summary of Material Terms and Cond	itions of Employment of Ms Felicia Gan	itions of Employment of Ms Felicia Gan	itions of Employment of Ms Felicia Gan
Ct 1 Jl 2021
ommencemen uy
Term No fixed term, ongo		ing until ter	minated by eit	her party in
accordance with the se		rvice agreeme	nt.
Fixed Renumeration S$420,000 per annum (		subject to ann	ual review)
Other Benefits	Ms. Gan shall also be determined by the Re	entitled to an muneration Co	annual bonus mmittee of th	which shall be e Board in its
	absolute discretion.
	Ms Gan shall be entit	led to the sa	e medical be	efits as those
	. applicable to employee	s of the Comp	any.
	During the Employmen insurance and road ta	t, the Compan x of Ms. Gan’	y shall bear the s motor car (w	premium for hich shall be
	registered in the name	of Ms. Gan) t	o enable Ms. G	an to perform
	her duties hereunder. f ll i i	The Company ildi	shall also reimb l d	urse Ms. Gan f
	or a ts runnng expe which Ms. Gan shall s	ses (ncung ubmit to the C	petro an ma ompany writte	ntenance) or n evidence of
	payment. Ms. Gan shall	execute such d	ocuments as m	ay be required
	by the Company so as the said motor car	to evidence th	e expenses and	ownership of
	.
	Subject, where applicab	le, to the appr	oval of any stoc	k exchange on
	which the Company is the shareholders of the	listed, the Bo Company in g	rd and/or its c eneral meeting,	ommittee and Ms. Gan shall,
	during the continuance	of her emplo	yment under th	is Agreement,
	be entitled to particip under the Treasur Sha	ate in the Co res Scheme if	mpany’s Perfor an	mance Shares
	y	,	y.
	The Company shall reim	burse the foll	owing:
	All travelling and hotel Company to travel to ot	expenses whe her countries	n Ms. Gan is re in the discharge	quired by the of her duties;
	and
	All entertainments exp duties to the Coman	enses incurred and the Grou	in the discharg	e of Ms. Gan’s
	py	p	,
	Provided that reasona	ble evidence	of any such ex	penditure for
	which reimbursement is sought is provided.

	Ms. Gan shall in each financial year be entitled to twenty one (21) days leave excluding Sundays and public holidays to be taken at such times as the Board shall consider convenient having regard to the requirements of the Company’s business. Holiday leave not taken shall follow the Company’s leave policy.
Notice Period	Either party may terminate the employment contract by providing 6 months' notice.
Post-employment	Ms. Gan is subject to post-employment non-solicit and non- compete restraints for 12 months commencing from the end of his employment.

Ms Gan's Contract of Employment otherwise includes provisions customary to a role of this nature.