Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
BROADWAY INDUSTRIAL GROUP LIMITED
Securities
BROADWAY INDUSTRIAL GROUP LTD - SG1B21008464 - B69
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Apr-2021 07:05:05
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG210414OTHRTDJ9
Submitted By (Co./ Ind. Name)
Lew Syn Pau
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
Lee Chow Soon
Age
81
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2021
Detailed Reason (s) for cessation
Mr Lee Chow Soon has indicated that he will not be seeking re-election as Director of the Company and will retire at the conclusion of the Annual General Meeting to be held on 29 April 2021. Upon Mr Lee's retirement, he will cease as the Lead Independent Director, the Chairman of the Audit Committee and a Member of the Nomination Committee and the Remuneration Committee.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
24/10/1994
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Chairman of Audit Committee
Member of Remuneration Committee
Member of Nomination Committee
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
453,333 ordinary shares in the Company
Past (for the last 5 years)
Nous Realty Pte Ltd
Present
Woodbridge Hospital Charity Fund Limited