Change - Announcement Of Cessation :: Cessation Of Executive Advisor

Investor Relations

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