Change - Announcement of Appointment::Redesignation as Group Chief Financial Officer

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 Appointment
Date &Time of Broadcast
23-Feb-2025 20:51:36
Status
New
Announcement Sub Title
Redesignation as Group Chief Financial Officer
Announcement Reference
SG250223OTHR38Z7
Submitted By (Co./ Ind. Name)
Genevieve Ho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Redesignation from Chief Financial Officer to Group Chief Financial Officer

Additional Details

Date Of Appointment
21/02/2025
Name Of Person
Tiong Chi Sieng
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
As recommended by Patec Precision Industry Co., Ltd. (Patec), the ultimate holding company of Broadway Industrial Group Limited (BIGL), and the Nomination Committee, and having reviewed Mr Tiong's qualification, working experience, performance and expanded scope of responsibilities, the Board of Directors has approved the redesignation of Mr Tiong from Chief Financial Officer to Group Chief Financial Officer.
Whether appointment is executive, and if so, the area of responsibility
Mr Tiong's redesignation is executive and he is primarily responsible for the Finance and Treasury function, overseeing financial planning, strategy and management, as well as the Legal & Secretariat and Internal Audit functions, of the Patec Group (including BIGL).
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Professional qualifications
- Master of Business Administration (Production Management), University of Otago, Dunedin, NZ
- Bachelor of Commerce (Accounting and Information System), University of Otago, Dunedin, NZ
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Save for the redesignation as Group Chief Financial Officer of Patec Precision Industry Co., Ltd. (which holds 100% of the issued shares in Patec Pte. Ltd., the majority shareholder of the Company), Mr Tiong and his immediate family do not have any relationship with any existing director, executive officer, the Company and substantial shareholders of the group.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
- January 2021 to Present: Chief Financial Officer, Broadway Industrial Group Limited
- November 2019 to January 2021: Vice President, Corporate Affairs, Broadway Industrial Group Limited
- February 2017 to July 2017: Consultant (Acting CFO), The Stratech Group Ltd
- 2008 to 2014: Vice President, Regional Operations Officer, Kelly Services Inc, APAC
- 2007: Vice President, Asia Regional Finance, Controller South Asia, Solectron Technology Asia
- 1990 to 2006: Vice President, Finance Global HDD & Media Operations, Maxtor Corporation Asia Operations
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1. Beijing Ant Brothers Technology Co., Ltd.
2. BIGL Enterprise Management (Beijing) Co., Ltd.
Present
1. BIGL Holdings Pte. Ltd.
2. BIGL Enterprises (Singapore) Pte. Ltd.
3. BIGL Robotics Pte. Ltd.
4. BIGL Asia Pacific Limited
5. BIGL Technologies (Thailand) Co., Ltd.
6. BIGL Korea Co., Ltd.
7. BIGL Vietnam Co., Ltd.
8. Insula (Thailand) Co., Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
N.A.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
N.A.