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Change - Announcement Of Appointment Of Executive Advisor Of The Company
BackJul 02, 2018
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 2, 2018 17:37 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF EXECUTIVE ADVISOR OF THE COMPANY |
| Announcement Reference | SG180702OTHRECZO |
| 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 appointment of Mr. Ng Yuk Wing, Philip ("Mr. Philip Ng") as Executive Advisor of the Company with effect from 1 July 2018. |
| Additional Details | |
| Date Of Appointment | 01/07/2018 |
| Name Of Person | Ng Yuk Wing, Philip |
| Age | 69 |
| Country Of Principal Residence | Hong Kong |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Based on the past experiences and contribution of Mr. Philip Ng, the Board believes Mr. Philip Ng continues to contribute to the Group on significant matters as Executive Advisor of the Company with his entrepreneur experience. Following the resignation of Mr. Philip Ng as Senior Executive Director, he has been re-designated as Executive Advisor of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Advises on significant matters relating to the Group. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Advisor |
| 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 father of Mr. Ng Mun Kit, Michael, an Executive Director of the Company. Mr. Philip Ng is 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. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | October 2014 to June 2018: Senior Executive Director. Mr. Philip Ng is responsible for overall strategic planning and business development of the Group. September 2002 to October 2014: Executive Chairman and Executive Director. Mr. Philip Ng is responsible to oversee overall management, strategic planning and business development of the Group. |
| 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? | 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 Mr. Philip Ng and Mr. Ng Mun Kit, Michael. Mr Philip Ng is also deemed interested in the 1,512,000 ordinary shares held by his spouse, Madam Leung Tak Ching. |
| # 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 | Karin (Holdings) Ltd Asia Platform Investment Limited Fortune Talent Enterprises Ltd |
| (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 a listed company? | Yes |
| If Yes, Please provide details of prior experience | Not Applicable. |