Broadex Technologies senior management to reduce shareholdings

Broadex Technologies announced plans for several of its senior executives to collectively divest up to 137,811 shares, representing 0.05% of the company's total share capital. The executives involved are chairman and general manager Mr. Tang Jinkuan, deputy general manager Ms. Zhou Rongrong, and CFO Mr. Peh Kok Thye. Their combined ownership stands at 315,000 shares, or 0.11% of the total share capital.

The planned share reduction will occur via centralized competitive bidding within three months, starting 15 trading days after the announcement (between December 15, 2025, and March 14, 2026). The specific disposal price will be determined by market conditions at the time. The shares originate from a restricted stock incentive plan previously granted to these executives.

The company emphasized that this reduction will not alter the company's control structure or impact its corporate governance and ongoing operations. The executives will adhere to relevant laws and regulations during the divestment period.