Newsroom
News
Change - Announcement Of Cessation Of Executive Advisor
BackMar 31, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 31, 2021 19:39 |
| Status | New |
| Announcement Sub Title | Cessation of Executive Advisor |
| Announcement Reference | SG210331OTHRY18L |
| 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 ("Mr Philip Ng") as Executive Advisor of the Company with effect from 1 April 2021. |
| Additional Details | |
| Name Of Person | Ng Yuk Wing, Philip |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/04/2021 |
| Detailed Reason (s) for cessation | Mr Ng Yuk Wing, Philip has been appointed as Executive Director of the Company effective 1 April 2021 and will relinquish his position as Executive Advisor of the Company effective 1 April 2021. |
| 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 | 01/07/2018 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Advisor |
| Role and responsibilities | Advises on significant matters relating to 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 father of Mr Ng Mun Kit, Michael, an Executive Director of the Company. Mr Philip Ng is also a brother of Mr Ng Kin Wing, Raymond, Executive Chairman & 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 Mr Philip Ng and Mr Ng Mun Kit, Michael and 1,512,200 ordinary shares held by his spouse, Madam Leung Tak Ching. |
| Past (for the last 5 years) | Karin Technology Holdings Limited |
| Present | Karin (Holdings) Ltd Asia Platform Investment Limited Fortune Talent Enterprises Ltd |