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Change - Announcement Of Cessation Of Executive Director
BackApr 25, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 25, 2025 18:37 |
| Status | New |
| Announcement Sub Title | Cessation of Executive Director |
| Announcement Reference | SG250425OTHR8ZDO |
| 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") would like to announce the cessation of Mr. Ng Yuk Wing, Philip as Executive Director of the Company with effect from 25 April 2025. Upon the cessation, he will remain as non-executive Chairman Emeritus of the Company. The Board of Directors would like to express their appreciation to Mr. Ng Yuk Wing, Philip for his contributions to the Company. |
| Additional Details | |
| Name Of Person | Ng Yuk Wing. Philip |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/04/2025 |
| Detailed Reason (s) for cessation | Mr. Ng Yuk Wing, Philip ("Mr. Philip Ng") has retired from the Board to pursue his personal interest and to facilitate the renewal of Senior Management. |
| 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 | 01/04/2021 |
| 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) | 2 |
| 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.) | Executive Director and Chairman Emeritus |
| Role and responsibilities | Responsible for overall strategic planning and business development of the Group |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr. Philip Ng is the elder brother of Mr. Ng Kin Wing, Raymond (Executive Chairman and Executive Director of the Company) and the father of Mr. Ng Mun Kit, Michael (Executive Director and Chief Executive Officer of the Company) |
| 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 him & Mr. Ng Mun Kit, Michael and 1,512,000 ordinary shares held by his spouse, Madam Leung Tak Ching |
| Past (for the last 5 years) | Karin Technology Holdings Limited Karin (Holdings) Limited |
| Present | Asia Platform Investment Limited Fortune Talent Enterprises Ltd |