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Change - Announcement Of Re-Designation From Independent Director To Executive Director
BackApr 25, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 25, 2025 18:35 |
| Status | New |
| Announcement Sub Title | Re-designation from Independent Director to Executive Director |
| Announcement Reference | SG250425OTHRY0WZ |
| 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 re-designation of Ms. Yan Yuk Ping, Juni from Independent Director to Executive Director of the Company with effect from 25 April 2025. |
| Additional Details | |
| Date Of Appointment | 25/04/2025 |
| Name Of Person | Yan Yuk Ping, Juni |
| Age | 53 |
| Country Of Principal Residence | Hong Kong |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Ms. Yan Yuk Ping, Juni ("Ms. Juni Yan") has been appointed as Independent Director of the Company since 1 November 2023. Having considered her insights and contributions since her appointment to the Board, as well as her credentials and experiences, the Board of Directors, with the recommendation of the NC (Ms. Juni Yan abstained from commenting), is of the view that Ms. Juni Yan is capable of driving the growth and strategy of the Company. Ms Juni Yan will be appointed as Chief Growth and Transformation Officer and re-designated as an Executive Director of the Company. Consequently, Ms. Juni Yan will cease as Chairman of Remuneration Committee and member of Audit and Risk Management Committee upon her re-designation. The Board will endeavour to appoint a new Independent Director in view of Ms. Juni Yan's re-designation as Executive Director, within two months (in any case no more than three months) from 25 April 2025 in order to meet the composition requirements under the Code of Corporate Governance 2018. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Ms. Juni Yan will assume the role of Chief Growth and Transformation Officer, tasked with driving strategic growth and spearheading transformation efforts for Karin Group. Her responsibilities will include formulating and implementing strategies to accelerate growth leveraging on AI and technology advancement, augmenting business model and value, and pursuing the Company's long-term sustainability. Collaborating closely with the senior management team, Ms. Juni Yan will lead the execution of the growth strategies to align with Karin Group's core values and strategic interests. She will also work with the Board to deliver meaningful value to stakeholders and contribute to the Company's ongoing success. To cater for AI technology evolution and increasing dynamics of the macro-environment, Ms. Juni Yan will also lead transformation initiatives to improve the agility and efficiency across the Group, while maintaining robust compliance and governance standards essential for a publicly listed company. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Professional qualifications | Accredited Director awarded by the Singapore Institute of Directors Master of Science in Financial Analysis from the Hong Kong University of Science and Technology Master of Science in Information Systems Management from the Hong Kong University of Science and Technology Bachelor of Economics from the Chinese University of Hong Kong |
| 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 | September 2020 to September 2023 - Managing Director, Openhive July 2017 to September 2020 - Global Vice President, Transport, Logistics and Automotive Industries, BT Global - Vice President, Security, Asia Pacific, Middle East and Africa (AMEA), BT Global June 2015 to June 2017 - Managing Director, Hong Kong, Macau and Taiwan, F5 Networks February 2000 to May 2015 - Sales General Manager, SaaS, Hong Kong and Taiwan, Oracle - Sales General Manager, Communications Global Business Unit (CGBU), GC and North Asia, Oracle - Solution Director, CGBU, GC and Japan, Oracle - Solution Manager, GC, Oracle - E-business Architect, GC, Oracle |
| 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) | NIL |
| Present | NIL |
| (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 | Karin Technology Holdings Limited |