Change - Announcement of Cessation::Cessation of Executive Advisor

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
31-Mar-2021 19:39:30
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