The board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Tong Kai Cheong ("Mr. Tong") has tendered his resignation as one of the independent non-executive directors of the Company, which will take effect on November 1, 2023 due to his belief that the Company's next phase of development should be helmed by a refreshed Board after the recent significant shareholding and leadership changes of the Company and his concern that, as a non-native Mandarin speaker, the language barrier may hinder him from effective communication with the current chairman of the Board in board meetings. Accordingly, Mr. Tong will also cease to be the chairman of the remuneration committee and the compliance committee of the Company, as well as a member of the audit committee, nomination committee and employee share option scheme committee of the Company on the same date. To facilitate transition, Mr. Tong has agreed to continue in his current roles until and including October 31, 2023.
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5-day change | 1st Jan Change | ||
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Annual profits - Rate of surprise
1st Jan change | Capi. | |
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+83.33% | 35.98M | |
+19.51% | 114B | |
+0.70% | 31.05B | |
+10.26% | 21.85B | |
-11.69% | 18.69B | |
-5.15% | 17.42B | |
+18.97% | 16.72B | |
+16.94% | 13.09B | |
-0.21% | 12.12B | |
+22.96% | 9.13B |
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- Willas-Array Electronics Limited Announces the Resignation of Tong Kai Cheong as Independent Non-Executive Director, Effective November 1, 2023