Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
KARIN TECHNOLOGY HLDGS LIMITED
Securities
KARIN TECHNOLOGY HLDGS LIMITED - BMG521971033 - K29
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2025 18:37:07
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
Other Directorships
Past (for the last 5 years)
Karin Technology Holdings Limited
Karin (Holdings) Limited

Present
Asia Platform Investment Limited
Fortune Talent Enterprises Ltd