Nera Telecommunications Ltd Issues Corrigendum to Annual Report FY2025

Key Points from the Corrigendum

• Correction to Director’s Board Memberships:
  Nera Telecommunications Ltd (the “Company”) has issued a corrigendum to its Annual Report for the financial year ended 31 December 2025. The correction specifically addresses information concerning Mr Basil Chan, Lead Independent Director of the Company. Previously, it was stated that Mr Chan served on the boards of three other publicly listed companies. This has now been corrected to indicate he serves on the boards of two other publicly listed companies.
• Updated Board Roles and Company Affiliations:
  The corrected paragraph clarifies Mr Chan’s current and past board positions:
  • Founder and Managing Director of MBE Corporate Advisory Pte Ltd.
  • Non-Executive Non-Independent Chairman of Grand Banks Yachts Ltd.
  • Lead Independent Non-Executive Director of Broadway Industrial Group Ltd.
  • Independent Non-Executive Director of QAF Ltd.
  • Non-Executive Chairman of Memories (2022) Pte Ltd.
  • Past three years: Served on Boards of AEM Holdings Ltd. and Memories Group Ltd.
• Broadway Industrial Group Ltd Delisted:
  A potentially price-sensitive update is the announcement that Broadway Industrial Group Ltd, where Mr Chan is a Lead Independent Non-Executive Director, has been delisted from the Singapore Exchange (SGX-ST) effective 21 April 2026. This could impact perceptions of Mr Chan’s influence and connections within listed companies and may have implications for governance and future board appointments.

Details Investors Must Know

• Nature of Correction:
  The correction is due to an inadvertent error in the Annual Report regarding Mr Chan’s board memberships. The Company has underlined the corrected text for clarity.
• AGM Details:
  Shareholders are reminded that the Annual General Meeting will be held at 19 Tai Seng Avenue, #06-01, Singapore 534054 on Tuesday, 28 April 2026 at 3.00 pm. This is an important event for reviewing the corrected Annual Report and engaging with the Board.
• Accuracy of Annual Report:
  The Company confirms that, aside from the correction regarding Mr Chan’s board memberships and the Broadway Industrial Group Ltd delisting, all other information in the FY2025 Annual Report remains accurate and unchanged.
• Implications for Shareholders:
  The delisting of Broadway Industrial Group Ltd may be considered price-sensitive, as it could affect the perception of the Company’s leadership and governance. Shareholders should take note of the updated affiliations and consider any potential impact on Nera Telecommunications Ltd’s share value, particularly in relation to board expertise and connections.

Conclusion

While the correction itself may seem administrative, the delisting of Broadway Industrial Group Ltd is a noteworthy development. Investors should monitor any further announcements for potential impacts on Nera Telecommunications Ltd’s business and governance, especially given Mr Chan’s influential roles within the group and other companies.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to review official company documents and seek professional guidance before making investment decisions.

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