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Change - Announcement Of Retirement Of Key Executive - General Manager Of Electronic Components Division
BackDec 01, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 1, 2023 23:48 |
| Status | New |
| Announcement Sub Title | Retirement of Key Executive - General Manager of Electronic Components Division |
| Announcement Reference | SG231201OTHR4AJ0 |
| 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", or together with its subsidiaries, the "Group") would like to announce the retirement of Mr Mok Pui Wah, Kenneth ("Mr Kenneth Mok") as General Manager of Electronic Components Division from the Company on 29 November 2023 and has been appointed as Strategic Consultant effective 15 December 2023. Accordingly, Mr Kenneth Mok ceased as a Key Executive of the Company. |
| Additional Details | |
| Name Of Person | Mok Pui Wah, Kenneth |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/11/2023 |
| Detailed Reason (s) for cessation | Mr Mok Pui Wah, Kenneth has decided to retire and step down as General Manager of Electronic Components Division after 35 years with the Company. To ensure a smooth transition, Mr Kenneth Mok has been appointed as Strategic Consultant. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 01/01/2003 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | General Manager of Electronic Components Division |
| Role and responsibilities | Mr. Mok Pui Wah, Kenneth, is responsible for overseeing the sales and marketing of the electronic components of our Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr. Mok Pui Wah, Kenneth is deemed interested in 75,000 shares being held through a broker house. |
| Past (for the last 5 years) | Nil |
| Present | Nil |