(Incorporated in Bermuda on 30 August 2002) (Company Registration Number 32514)
ANNOUNCEMENT PURSUANT TO RULE 706A OF THE LISTING MANUAL
The Board of Directors of Karin Technology Holdings Limited (the "Company" or together with its subsidiaries, the "Group") wishes to announce the following transactions occurred during the second half year ended 30 June 2021 pursuant to Rule 706A of the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST"):
INCORPORATION OF SUBSIDIARY COMPANIES
The Company has incorporated the following subsidiaries:
1. | Name of company | : | Kagile Solutions Limited |
Country of incorporation | : | Hong Kong | |
Issued and paid-up capital | : | HK$10,000 comprising 10,000 ordinary shares of | |
HK$1 each | |||
Shareholding | : | 70% | |
Principal activities | : | Providing software application products for corporate | |
clients and provision of activities ancillary to the | |||
aforementioned activities | |||
2. | Name of company | : | Karin (Macau) Company Limited |
Country of incorporation | : | Macau | |
Issued and paid-up capital | : | MOP$25,000.00 | |
Shareholding | : | 100% | |
Principal activities | : | Sales of electronic components, provide information | |
technology, network and security systems, solutions | |||
and technical support | |||
3. | Name of company | : | Kepro (Macau) Company Limited |
Country of incorporation | : | Macau | |
Issued and paid-up capital | : | MOP$25,000.00 | |
Shareholding | : | 100% | |
Principal activities | : | Providing information technology, network and | |
security systems, solutions and technical support |
Please refer to the announcements released by the Company on 12 January 2021 and 15 April 2021.
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None of the directors or substantial shareholders has any interest in the aforementioned transactions, save for their interests arising by way of their directorships and/or direct and/or indirect shareholdings in the Company, as the case may be.
The aforementioned transactions are not expected to have any material impact on the Group's earnings per share and net tangible asset for the financial year ended 30 June 2021.
By Order of the Board
Wong Chi Cheung, Clarence
Financial Controller /Joint Company Secretary
26 August 2021
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Karin Technology Holdings Limited published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2021 20:01:11 UTC.