SKS TECHNOLOGIES GROUP LIMITED — Board/Management Information 2021

Jan 26, 2021

27 January 2021

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ASX Release

Appointment of Chief Executive Officer

SKS Technologies Group Limited (ASX: SKS) is pleased to announce the appointment of Matthew Jinks to the role of Chief Executive Officer of the newly renamed SKS Technologies Group, effective from 1 February 2021. Matthew will take over the position from the current Managing Director, Peter Jinks, who will step down from that role, whilst remaining in the position of Executive Chairman.

Executive Chairman Peter Jinks said, “The Board is confident that Matthew has the optimal mix of technical, financial, strategic, operational and people management skills to grow the newly transformed business, both organically and by acquisition.”

Most recently, Matthew has performed the role of Chief Operating Officer and has overseen the wholesale restructure of the business throughout FY20 that included divesting non-core business units, raising capital and retiring debt, building working capital, reducing inventory and implementing efficiency measures across the continuing operations. The results of these initiatives were evident in the first quarter results for this financial year which showed a return to profit, historic levels of work on hand, a significant reduction in debt and over $1 million in net cash from operations. Furthermore, this result was achieved with the backdrop of COVID-19.

Prior to his current role, Matthew has held the positions of Executive General Manager Finance/Director for KLM Group, a listed electrical, communications and audio visual business with over 800 employees nationally. Before that, he held a broad range of other positions at KLM Group, including Contracts Manager, Operations Manager - Service and Fit Out, and Project Manager, demonstrating a consistent track record of internal promotions over a number of years. He holds an MBA with a major in Finance, has studied electrical engineering and is a registered electrician.

“Matthew is an experienced and highly competent leader with more than 20 years in the electrical, communications and audio-visual industry. He is an ideal choice to lead the business into its next phase as we harness the opportunities that come with the confluence of audio-visual and information technology to make safer and more efficient workplaces,” said Mr Jinks.

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Approved for release by the Board of SKS Technologies Group

Further Information	Peter JinksExecutive Chairman(03) 9289 5000	Matthew JinksChief Executive Officer(03) 9289 5000

SKS Technologies delivers advanced technology through digital transformation via creative design and installation of converged AV/IT, electrical and communication networking solutions nationally.

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Appendix 1

Key Terms of Agreement

Period of Employment	Matthew Jinks’ new contract commences on 1 February2021 and continues until termination by either partyunder the provisions of the Agreement
RemunerationRemuneration consists of base salary, as well as ashort-term incentive and a long-term incentiveBase SalaryA$350,000 per annum inclusive of tax andsuperannuationSTIShort-term incentives will be set in place each yearwith metrics agreed by the CEO and the Board. KeyPerformance Indicators will be set at a maximum of60% of base salary
LTI	Long-term incentives will be offered in the form of anentitlement to participate in the company’s EmployeeShare Scheme (ESS). The number of share options willbe determined by the Board and are subject to theterms of the ESS. Options lapse on resignation ortermination of employment
Termination	The agreement may be terminated for reasons otherthan immediate termination by one year’s notice ofbase pay

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