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Change - Announcement Of Appointment Of Executive Director

BackMar 31, 2021
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Mar 31, 2021 19:40
Status New
Announcement Sub Title Appointment of Executive Director
Announcement Reference SG210331OTHRU4NF
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 Ng Yuk Wing, Philip ("Mr Philip Ng") as Executive Director of the Company with effect from 1 April 2021.
Additional Details
Date Of Appointment 01/04/2021
Name Of Person Ng Yuk Wing, Philip
Age 71
Country Of Principal Residence Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Nominating Committee ("NC") had interviewed Mr Ng Yuk Wing, Philip ("Mr Philip Ng") for appointment as a new executive director of the Company and ascertained his suitability and recommended his appointment to the Board.

The Board having considered the recommendation from the NC, approved the appointment of Mr Philip Ng as Executive Director of the Company effective 1 April 2021. Mr Philip Ng will cease as Executive Advisor of the Company effective 1 April 2021.
Whether appointment is executive, and if so, the area of responsibility Executive. He will be responsible for strategy planning and business development for the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director
Professional qualifications Mr Philip Ng graduated from the University of Hong Kong with a Bachelor of Science degree in Electrical Engineering.
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 Mr Philip Ng, is the father of Mr Ng Mun Kit, Michael, an Executive Director of the Company. Mr Philip Ng is also a brother of Mr Ng Kin Wing, Raymond, Executive Chairman & Chief Executive Officer of the Company.
Conflict of interests (including any competing business) NIL
Working experience and occupation(s) during the past 10 years 1 July 2018 to present
Executive Advisor of Karin Technology Holdings Limited. He was responsible for advising on significant matters relating to the Group.

5 September 2002 to 1 July 2018:
Mr Philip Ng was the Executive Chairman and Executive Director since 5 September 2002. He was responsible to oversee overall management, strategic planning and business development of the Group.

On 9 October 2014, Mr Philip Ng ceased as Executive Chairman and designated as Senior Executive Director responsible for overall strategic planning and business development of the Group.
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 Mr Philip Ng is deemed interested in the 70,639,950 ordinary shares held by Asia Platform Investment Limited which is an investment holding company owned by Mr Philip Ng and Mr Ng Mun Kit, Michael and 1,512,200 ordinary shares held by his spouse, Madam Leung Tak Ching.
# 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) Karin Technology Holdings Limited
Present Karin (Holdings) Ltd
Asia Platform Investment Limited
Fortune Talent Enterprises 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? 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 Director of Karin Technology Holdings Limited from 5 September 2002 to 1 July 2018