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    LS9   SG2B93959478

LEADER ENVIRONMENTAL TECHNOLOGIES LIMITED

(LS9)
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Leader Environmental Technologies Limited Announces CEO Changes, Effective from 1 September 2021

08/13/2021 | 11:12am EDT

Leader Environmental Technologies Limited announced that in view of the Group's future growth and increasing business activities and operations in China, the Board will be appointing Mr. Li Li ("Mr Li"), the current Deputy Chief Executive Officer of the Group, to assume the role of the Chief Executive Officer ("CEO") of the Group with effect from 1 September 2021. Dr Lin Yucheng, the current Executive Chairman and CEO of the Group, will relinquish his CEO position to focus on his role as Executive Chairman of the Group. Mr. Li will devote majority of his time in China. As the CEO present in China, his appointment will enable the Group to serve its customers more effectively, explore potential business opportunities more closely, and negotiate and secure new projects more efficiently. Having a senior management team member in China is imperative in view of the COVID-19 related travel restrictions. The proposed appointment is also in compliance with Provision 3.1 of the Code of Corporate Governance. Mr. Li is currently the Deputy CEO of the Group. He is responsible for the strategic planning, operations, engineering solutions, and business development of the Group. Over the past decade, Mr. Li was previously the Senior Deputy CEO of CITIC Envirotech Ltd. (formerly known as United Envirotech Ltd. which was listed on the mainboard of the Singapore Exchange in 2004). He has over 30 years of experience in various environmental projects, and has received many prestigious awards from the Chinese authorities for his exceptional leadership and invaluable contributions to environmental protection. Mr. Li holds a Bachelor's degree in civil engineering with specialty in environmental technology from Tianjin University, China. Mr. Li is a Singapore Permanent Resident and a registered professional engineer for water and wastewater treatment in China.


ę S&P Capital IQ 2021
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Financials
Sales 2020 13,7 M 2,15 M 2,15 M
Net income 2020 -64,9 M -10,2 M -10,2 M
Net cash 2020 22,6 M 3,54 M 3,54 M
P/E ratio 2020 -1,23x
Yield 2020 -
Capitalization 546 M 85,5 M 85,5 M
EV / Sales 2019 2,73x
EV / Sales 2020 34,2x
Nbr of Employees 94
Free-Float 50,2%
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Managers and Directors
Li Li Chief Executive Officer
Lin Fong Ngoo Finance Director & Deputy Chief Executive Officer
Yu Cheng Lin Executive Chairman
Cheng Hong Guo Chief Technical Officer
Yen Chen Mak Independent Non-Executive Director
Sector and Competitors