Change - Announcement of Cessation::Retirement of Non-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
Retirement of Non-Executive Director
Submitted By (Co./ Ind. Name)
Lew Syn Pau
Description (Please provide a detailed description of the event in the box below)
Please see below.
Name Of Person
Ng Ah Hoy
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
At the forthcoming Annual General Meeting to be held on 26 June 2020, Mr Ng Ah Hoy, a Non-Executive Director, will retire by rotation pursuant to Article 109 of the Company's Constitution and has decided not to seek re-election to the Board.
Mr Ng, who joined the Group in 1990, was redesignated as a Non-Executive Director on 31 December 2019 when he retired from his executive duties. He had continued to support and guide the management in the planning and administration of the Group's strategic direction and activities.
The Board and Management sincerely thank Mr Ng for his outstanding contributions, dedication and commitment to the Group over the last 30 years.
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?
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
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?
Direct interest in 1,347,000 and deemed interest in 68,000 ordinary shares in the Company
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