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Change - Announcement Of Appointment Of Non-Executive Independent Director

BackOct 23, 2020
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Oct 23, 2020 17:34
Status New
Announcement Sub Title Appointment of Non-Executive Independent Director
Announcement Reference SG201023OTHRR8FV
Submitted By (Co./ Ind. Name) Wong Chi Cheung, Clarence
Designation Financial Controller/Joint Company Secretary
Description (Please provide a detailed description of the event in the box below) The Board of Directors of Karin Technology Holdings Limited (the "Company")is pleased to announce the appointment of Mr Kuan Cheng Tuck as Non-Executive Independent Director of the Company with effect from 23 October 2020.

Mr Kuan Cheng Tuck will be considered independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

Additional Details
Date Of Appointment 23/10/2020
Name Of Person Kuan Cheng Tuck
Age 48
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Board of Directors of Karin Technology Holdings Limited (the "Company"), having reviewed and considered, among others, the qualifications, working experience and expertise of Mr Kuan Cheng Tuck, was of the view that Mr Kuan Cheng Tuck will be able to contribute towards the core competencies of the Board.
Whether appointment is executive, and if so, the area of responsibility Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director
Professional qualifications - Fellow member of the Association of Chartered Certified Accountants (ACCA), UK
- Member of the Institute of Singapore Chartered Accountants (ISCA)
- Associate member of the Chartered Secretaries Institute of Singapore (CSIS)
- Advocate and Solicitor (Singapore)
- Member of the Singapore Institute of Directors
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 No
Conflict of interests (including any competing business) No
Working experience and occupation(s) during the past 10 years Director of KCT Consulting Pte. Ltd. (from 2004 to present) (specializing mainly in corporate advisory, financial reporting and corporate governance matters)
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) - Independent director of Green Build Technology Limited (listed on SGX-ST)
- Independent non-executive director of CW Group Holdings Limited (listed on HKEx)
- Independent director of China Star Food Group Limited (listed on SGX-ST)
Present - Independent director of CNMC Goldmine Holdings Limited (listed on SGX-ST)
- Independent director of Kori Holdings Limited (listed on SGX-ST)
- Director of KCT Consulting Pte. Ltd.
(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? Yes
If Yes, Please provide full details Mr Kuan was a former independent non-executive director ("INED") of CW Group Holdings Limited ( CWG ), a company listed on the Hong Kong Stock Exchange. He resigned as an INED of CWG on 9 November 2018. CWG was placed in provisional liquidation in or around August 2018.
(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 -Independent director of CNMC Goldmine Holdings Limited (listed on SGX-ST)
-Independent director of Kori Holdings Limited (listed on SGX-ST)