Rakon Director retirement and apppointment

Rakon Limited
T +64 9 573 5554, F +64 9 573 5559
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
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13 July 2023

Rakon Director retirement and appointment

Rakon Limited (NZX: RAK) a high technology manufacturer of frequency control and timing
solutions for the telecommunications, positioning, and space and defence sectors, announces the
retirement of non-executive director Yin Tang Tseng (Tony) and is pleased to announce the
appointment of Jung Meng Tseng (JM), both effective from 13 July 2023.
JM is an experienced director of businesses in the frequency control product industry. He is the
President of Siward Crystal Technology Co., Limited a company founded in 1988. Siward has
grown to become one of the leaders in the industry globally. Siward is a technology partner of
Rakon and has a 12.23 percent shareholding in Rakon.
The Board believes JM’s extensive technical, industry and business knowledge and
experience is important to the Board’s role in governing and developing the strategic
direction of Rakon.
Jung Meng Tseng has been appointed by the Board in accordance with Rakon’s Constitution
and will put himself forward for election at the next Annual Meeting of the company.
Tony is Chairman of Siward Crystal Technology Co., Limited. The Board thanks Tony for his
service as a director of Rakon since 2017 when Siward became a substantial shareholder in
Rakon and entered into a technology partnership with Rakon.
-ends-
Contact:
Nick Laurent
Investor and Media Relations
nick.laurent@rakon.com
+64 21 240 7541

www.rakon.com
A b o u t Rakon
Rakon is a global high technology company and a world leader in its field. The company designs and
manufactures advanced frequency control and timing solutions. Its three core markets are
Telecommunications, Positioning and Space and Defence. Rakon’s products are found at the forefront of
communications where speed and reliability are paramount. Its products create extremely accurate electric
signals which are used to generate radio waves and synchronise time in the most demanding
communication applications.
Rakon has three manufacturing plants, six research and development centres, and sixteen customer support
offices worldwide. Founded in Auckland in 1967, Rakon is proud of its New Zealand heritage. It is a public
company listed on the New Zealand stock exchange, NZX, ticker code RAK.