Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR ANNOUNCED ON 1 MARCH 2022.

Issuer & Securities

Issuer/ Manager
NUTRYFARM INTERNATIONAL LIMITED
Securities
NUTRYFARM INTERNATIONAL LTD - BMG6700D1048 - AZT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Mar-2022 23:28:11
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR ANNOUNCED ON 1 MARCH 2022.
Announcement Reference
SG220321OTHR3P5J
Submitted By (Co./ Ind. Name)
WU YONGQIANG
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR ANNOUNCED ON 1 MARCH 2022.

Additional Details

Name Of Person
LEE PIH PENG
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
21/03/2022
Detailed Reason (s) for cessation
The main and primary reason for Ms Lee's resignation is due to the fact that the time and attention that has been required of her to attend to the affairs of the Company and the Group far exceeds the amount and scope that is normally required of a non-executive and independent director, and she would not be able to continue to devote the level of time and attention required, given the demands of her own professional practice.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
27/02/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, member of Audit Committee and Remuneration Committee, and the Chairman of Nominating Committee.
Role and responsibilities
Responsibilities as Non-Executive Independent Director, member of Audit Committee and Remuneration Committee, and the Chairman of Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Axcelasia Inc. (now known as Axington Inc.) (resigned on 14 July 2020 following a general takeover for the company)
Present
Altum Law Corporation
APIC Corporate Solutions Pte Ltd
3 Cher Holdings Pte Ltd
Shine Investments Limited
Agile 8 Advisory Pte Ltd
Light Tunes Limited