Change - Announcement of Cessation::Retirement of Key Executive - General Manager of Electronic Components Division

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
01-Dec-2023 23:48:10
Status
New
Announcement Sub Title
Retirement of Key Executive - General Manager of Electronic Components Division
Announcement Reference
SG231201OTHR4AJ0
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", or together with its subsidiaries, the "Group") would like to announce the retirement of Mr Mok Pui Wah, Kenneth ("Mr Kenneth Mok") as General Manager of Electronic Components Division from the Company on 29 November 2023 and has been appointed as Strategic Consultant effective 15 December 2023. Accordingly, Mr Kenneth Mok ceased as a Key Executive of the Company.

Additional Details

Name Of Person
Mok Pui Wah, Kenneth
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
29/11/2023
Detailed Reason (s) for cessation
Mr Mok Pui Wah, Kenneth has decided to retire and step down as General Manager of Electronic Components Division after 35 years with the Company. To ensure a smooth transition, Mr Kenneth Mok has been appointed as Strategic Consultant.
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
01/01/2003
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)
3
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.)
General Manager of Electronic Components Division
Role and responsibilities
Mr. Mok Pui Wah, Kenneth, is responsible for overseeing the sales and marketing of the electronic components of our Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Mok Pui Wah, Kenneth is deemed interested in 75,000 shares being held through a broker house.
Past (for the last 5 years)
Nil
Present
Nil