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Change - Announcement Of Retirement Of Mr Lawrence Kwan As Independent Director
BackOct 30, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 30, 2024 17:44 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Lawrence Kwan as Independent Director |
| Announcement Reference | SG241030OTHRSVS0 |
| 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") wishes to announce the retirement of Mr Lawrence Kwan at the conclusion of the Annual General Meeting held on 30 October 2024. |
| Additional Details | |
| Name Of Person | Lawrence Kwan |
| Age | 77 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/10/2024 |
| Detailed Reason (s) for cessation | Pursuant to Listing Rule 210(5) of the Singapore Exchange Securities Trading Limited, Mr Lawrence Kwan will cease to be considered independent after the conclusion of the upcoming Annual General Meeting to be held on 30 October 2024. As part of the Board renewal process, Mr Lawrence Kwan will be retiring as a Independent Director and will relinquish his roles as Chairman of the Nominating Committee ("NC"), and a member of the Audit and Risk Management Committee ("ARMC") and the Remuneration Committee ("RC"). |
| 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 | 13/07/2012 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of NC and a member of ARMC and RC. |
| Role and responsibilities | Fulfilling the responsibilities of Independent Director. |
| 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 | 200,000 ordinary shares |
| Past (for the last 5 years) | Actinon Pte Ltd Afriscot Commodities Pte Ltd Anergy Pte Ltd Anval International Pte Ltd Bray Controls Southeast Asia Pte Ltd Dragonfly Pte Ltd Extractive Capital Pte Ltd Hunter Bay Technologies Pte Ltd Mazdean Pte Ltd (Company strike off) Petrus Oil and Gas International Trade Pte Ltd Prometheus Advisory Pte Ltd Reliance Big Entertainment (SG) Pte Ltd Riskcare Pte Ltd Singfert Pte Ltd Sinova Medical Technologies Pte Ltd Tennant Packaging Corporation SG Pte Ltd Top Iron Pte Ltd SBI Offshore Ltd. (Dissolved-Members Voluntary Winding Up) |
| Present | 052462 Pte Ltd Emakina Asia Pte Ltd (resigned on 28 Feb 2024) Emakina.sg Pte Ltd (strike off on 6 Nov 2023) EOS IT Management Solutions (SG) Pte Ltd iSURVEY Pte Ltd (now known as Reach Subsea Pte Ltd) Magna Tyres Singapore Pte Ltd Nelson Marine Pte Ltd Peak Scientific Singapore Private Limited Petra Consulting Pte Ltd Rebound Singapore Pte Ltd Reliance Natural Resources (SG) Pte Ltd SailPoint Technologies Pte Ltd Vinmar Overseas (SG) Pte Ltd Va-Q-tec SG Pte Ltd Centre for Corporate Management & Development Pte Ltd |