Change - Announcement of Cessation::Resignation of Executive Director
Issuer & Securities
BROADWAY INDUSTRIAL GROUP LIMITED
BROADWAY INDUSTRIAL GROUP LTD - SG1B21008464 - B69
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director
Submitted By (Co./ Ind. Name)
Lew Syn Pau
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Broadway Industrial Group Limited (the "Company") wishes to announce the resignation of Mr Chuah Aik Loon as an Executive Director of the Company and Executive Vice President of the Group's Hard Disk Drive Division.
Name Of Person
Chuah Aik Loon
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other personal interests and career opportunities.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
The Board is in the process of identifying a suitable replacement for his position. In the interim, Mr Ng Ah Hoy, Executive Director of the Company, will be the Acting Head of the Group's HDD Division.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Mr Chuah was overall responsible for the Group's HDD business and operations. He was also overseeing the execution of the cost optimization and streamlining of the HDD operations and further expansion of the Group's product offering.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
1. 5,598,000 ordinary shares in the Company
2. 130,000 share awards granted pursuant to the BIGL Share Plan
Past (for the last 5 years)
Broadway Industrial Group Limited
BIGL Asia Pte Ltd
BIGL Asia Pacific Ltd
BIGL Technologies (Thailand) Co Ltd
BIGL Technologies (Shenzhen) Co Ltd
BIGL Technologies (Chongqing) Co Ltd
BIGL Technologies (Wuxi) Co Ltd