お知らせ • Jul 10
Adlai Nortye Ltd. Announces Board Changes and Changes in Compensation Committee Audit Committee and NCG Committee, effect from July 1, 2025
In June 2025, the Board of Adlai Nortye Ltd. received the resignation of Dr. Cheguo Cai (“Dr. Cai”) from his positions as an independent Director of the Company and a member of each of the audit committee, compensation committee, and nominating and corporate governance committee of the Board (respectively, the “Audit Committee”, “Compensation Committee” and “NCG Committee”, together, the “Committees”), with effect from July 1, 2025. Dr. Cai resigned due to personal reasons and not as the result of any dispute or disagreement with the Company or the Board. Effective July 1, 2025, the Board of the Company appointed Mr. Baozhong Wei (“Mr. Wei”) as an independent Director as well as the chairman of the Compensation Committee (following the Change in Compensation Committee Composition, as defined below). The Board of the Company has received Mr. Wei’s consent to act as an independent Director and determined that Mr. Wei meets the Nasdaq Stock Market independence requirements. Mr. Wei Baozhong, aged 47, is an accomplished financial professional with over 19 years of experience in corporate governance, financial reporting, and regulatory compliance. Since November 2017, Mr. Wei has served as a director of BR Business Services Pte Ltd, where he oversees business operations and provides strategic guidance. Mr. Wei brings extensive expertise in corporate finance and advisory services. From August 2015 to October 2017, he served as an assistant manager at BDO Advisory Pte Ltd, where he specialized in corporate finance, valuation, financial due diligence, litigation support, and merger and acquisition activities. Prior to that, from June 2014 to July 2015, he was a finance manager at JES International Holdings Limited, where he handled full sets of company accounts, group consolidation, cash flow reporting, and assisted with audit procedures and tax filings. From November 2012 to June 2014, Mr. Wei worked as an assistant manager at MS Corporate Finance Pte Ltd, focusing on corporate finance assignments including company valuations and independent financial adviser services. Mr. Wei is a Chartered Accountant (Singapore) and an Accredited Tax Advisor (Corporate Tax and GST). He is also an ACRA-registered Corporate Services Provider and qualified Filing Agent. Mr. Wei holds a Master's degree in Finance from Singapore Management University and a Bachelor's degree in Accountancy from Oxford Brookes University. His comprehensive experience in cross-border structuring, mergers and acquisitions, and risk management, combined with his hands-on experience working alongside boards and audit committees, provides valuable financial expertise and strategic insight that align well with the Company’s corporate governance requirements. Effective July 1, 2025, the Board of the Company re-designated Dr. Roger Sawhney (“Dr. Sawhney”) from a Director to an independent Director, and appointed Dr. Sawhney as a member of each of the Audit Committee and NCG Committee. The Board of the Company has received Dr. Sawhney’s consent to act as an independent Director and determined that Dr. Sawhney meets the Nasdaq Stock Market independence requirements. Effective July 1, 2025, the Board of the Company approved Mr. Yang Lu’s resignation as the chairman of the Compensation Committee (“Change in Compensation Committee Composition”). In view of the resignation of Dr. Cheguo Cai, the Board of the Company appointed Mr. Alan Ming Lun Tse as a member of the Compensation Committee, effective from July 1, 2025. Following the abovementioned Resignation of Independent Director, Appointment of Replacement Director, Re-designation of Director and Change of Committee Members, the members of the Committees are as follows: The Audit Committee is chaired by Alan Ming Lun Tse, with members Roger Sawhney and Shaorong Liu. The Compensation Committee is chaired by Baozhong Wei, with members Alan Ming Lun Tse and Shaorong Liu. The NCG Committee is chaired by Yang Lu, with members Roger Sawhney and Shaorong Liu.