Hong Kong, 26 September 2019 – ASM Pacific Technology Ltd (ASMPT) (HKEX stock code: 0522), today announced the retirement of Mr Lee Wai Kwong, its Chief Executive Officer (CEO), and the appointment of Mr Robin Gerard Ng Cher Tat, the Group’s current Chief Financial Officer (CFO) and Executive Director as successor, with effect from the conclusion of the Group’s next Annual General Meeting (AGM) which is expected to be held in May 2020.
Mr Ng, aged 56 years is a Fellow Chartered Accountant with the Institute of Singapore Chartered Accountants with 30 years of experience in finance, audit and accounting. He has been with ASMPT for over 17 years, and in his current role since 2010. In addition, he has served as Executive Director on the Board of Directors since 2011. He will continue to lead and drive ASMPT’s technology-driven and customer-focused strategies.
On his appointment, Mr Ng said: “I am excited and humbled by this opportunity to serve as CEO of ASMPT, a much respected global and market leader within the semiconductor assembly and packaging, and surface mount technology industry. I would like to thank the Chairman and the Board for having their trust and confidence in me. I look forward to building on the strong business and leadership foundation that Mr Lee has laid to bring the Group to the next level of growth.”
Mr Lee’s retirement has come after a long and distinguished career of almost 40 years with the Group, first in Hong Kong and then in Singapore, and having led ASMPT as its CEO over the past 13 years.
Commenting on the announcement, Mr Lee said: “It has been an exciting and rewarding journey, and an honour for me to be part of ASMPT’s success over the past four decades. The success and growth of the Group have been the result of everyone involved -- employees, customers and business partners. I am grateful to the Board, the management team, all my colleagues in ASMPT, customers, shareholders and all other stakeholders for their trust and support over the years. I also want to thank my predecessor, mentor and co-founder of ASMPT, Dr Patrick Lam, who had laid a solid foundation and nurtured a very capable team to drive the subsequent growth of the Group. I wish Robin and his team continued success. I am confident that they will bring the Group to new heights.”
Speaking on behalf of the Board, Ms Orasa Livasiri, expressed the Board’s appreciation and gratitude to Mr Lee for his immense contributions during his tenure: “Mr Lee through his leadership and insight has built a solid foundation for ASMPT’s future growth. In passing the baton to Mr Ng, he has laid the grounds to ensure continuity in the Group’s business strategies and directions.
The Board of Directors and I are pleased to appoint Mr Ng as the incoming CEO as he brings a wealth of management experience and in-depth understanding of the needs of the Group and what ASMPT has to deliver in years to come.”
The Group will make a further announcement in accordance with Rule 13.51(2) of the Listing Rules when Mr Ng’s appointment becomes effective next year. Meanwhile, ASMPT is in the process of identifying a suitable candidate to take over the CFO role from Mr Ng.
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ASM Pacific Technology Limited
ASM Pacific Technology, (HKEX stock code: 0522), a global technology and market leader that develops and provides leading-edge solutions in surface mount technology, equipment and materials for the semiconductor assembly and packaging industries.
In 2018, Thomson Reuters listed ASMPT as one of the world’s “Top 100 Global Technology Leaders” and in September 2019, Forbes Asia named ASMPT in its inaugural “Asia’s Best Over A Billion” list which spotlights 200 top-performing listed companies across Asia Pacific with revenues of US$1 billion and over.
Listed on the Hong Kong Stock Exchange since 1989, ASMPT is currently one of the constituent stocks on the Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under Hang Seng Composite Industry Indexes, and the Hang Seng Hong Kong 35 Index. To learn more about ASMPT, please visit its website at www.asmpacific.com.