Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer
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 and Chief Executive Officer
Submitted By (Co./ Ind. Name)
Lin Yu Xuan Terence
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Wai Leong as Executive Director and Chief Executive Officer
Name Of Person
Lee Wai Leong (Jeremy)
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Following the completion of the disposal of the foam plastics solutions and flow control device businesses of the Group
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.)
CEO, Executive Director
Role and responsibilities
Mr Lee is responsible for providing leadership in the development of the strategic plan to advance the Company s mission and objectives. He is also accountable for achieving the revenue, profitability and growth targets of the Company, ensuring production efficiency, quality, service and cost-effective management resources.
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?
157,000 ordinary shares
600,000 share options
155,000 share awards
Past (for the last 5 years)
Compart Asia Pte Ltd
Compart Asia Pacific Limited
Compart Engineering, Inc
Compart (HK) Co., Limited
Compart Precision Components Manufacturing (Wuxi) Co., Ltd
Compart Precision (Thailand) Co., Ltd
Compart Technologies (Chongqing) Co., Ltd
Compart Technologies (Korea) Co., Ltd
Compart Technologies (Shenzhen) Co., Ltd
E-PAC International Pte Ltd
Broadway Packaging (HK) Co Ltd
Chengdu Broadway Foam Applications & Total Packaging Co., Ltd
Chongqing Broadway Foam Applications & Total Packaging Co., Ltd
Compart Hi-Precision Technologies (Shenzhen) Co., Ltd
Compart Precision (Shenzhen) Co. Ltd.
Compart Systems (Korea) Co., Ltd
Shanghai Broadway Packaging & Insulation Materials Co., Ltd
Suzhou Broadway Plastic Packaging Co., Ltd
Wujiang Weltop Co., Ltd