Change - Announcement of Cessation::RESIGNATION 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
14-Feb-2020 17:30:48
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG200214OTHRMVPG
Submitted By (Co./ Ind. Name)
Wong Chi Cheung, Clarence
Designation
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 resignation of Mr Lee Yiu Chung, Eugene ("Mr Eugene Lee") as Executive Director of the Company with effect from 1 July 2020. Mr Eugene Lee will remain as Chief Operating Officer of the Company.

Additional Details

Name Of Person
Lee Yiu Chung, Eugene
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2020
Detailed Reason (s) for cessation
In line with compliance of the 2018 Code of Corporate Governance, Mr Eugene Lee has agreed to resign as Executive Director with effect from 1 July 2020 and remain as Chief Operating Officer.
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
26/01/2003
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)
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.)
Chief Operating Officer and Executive Director.
Role and responsibilities
Fulfil the responsibilities as Executive Director and responsible to oversee the implementation of the entire operations of the Group as Chief Operating Officer.

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 Eugene Lee is deemed interested in 5,995,000 ordinary shares held by DBS Vickers Securities (Singapore) Pte Ltd.
Past (for the last 5 years)
Nil
Present
Please refer to Appendix A

Attachments

Appendix A_Eugene present directorships.pdf
Total size =42K