Change - Announcement Of Resignation Of Senior Executive Director

BackJul 02, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jul 2, 2018 17:36
Status New
Announcement Reference SG180702OTHRA09C
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 resignation of Mr. Ng Yuk Wing, Philip as Senior Executive Director of the Company and re-designated as Executive Advisor of the Company with effect from 1 July 2018.
Additional Details
Name Of Person Ng Yuk Wing, Philip
Age 69
Is effective date of cessation known? Yes
If yes, please provide the date 01/07/2018
Detailed Reason (s) for cessation Resignation was in line with the plan for progressive refreshing of the Board.
Mr. Ng Yuk Wing, Philip has been re-designated as Executive Advisor and will continue to contribute to the Group with his entrepreneur experiences.
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 05/09/2002
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) 2
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.) Senior Executive Director
Role and responsibilities Mr. Ng Yuk Wing, Philip was responsible for the 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. Ng Yuk Wing, Philip, is the father of Mr. Ng Mun Kit, Michael, an Executive Director of the Company. He is also a brother of Mr. Ng Kin Wing, Raymond and Mr. Ng Kam Wing, Allan, Executive Chairman & Chief Executive Officer and Chief Technology Officer of the Group respectively.
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Mr. Ng Yuk Wing, Philip 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. Ng Yuk Wing, Philip and Mr. Ng Mun Kit, Michael. Mr Ng Yuk Wing, Philip is also deemed interested in the 1,512,000 ordinary shares held by his spouse, Madam Leung Tak Ching.
Past (for the last 5 years) Nil
Present Karin (Holdings) Ltd
Asia Platform Investment Limited
Fortune Talent Enterprises Ltd

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