Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE CHAIRMAN

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
23-Aug-2022 18:04:19
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE CHAIRMAN
Announcement Reference
SG220823OTHRDYSU
Submitted By (Co./ Ind. Name)
CHAN YEE HONG
Designation
JUDICIAL MANAGER
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF EXECUTIVE CHAIRMAN

Additional Details

Name Of Person
WU YONGQIANG
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
21/09/2022
Detailed Reason (s) for cessation
On 28 June 2022, the Singapore High Court placed the Company under judicial management and appointed a Judicial Manager to oversee the affairs of the Company. As such, all powers and duties of the directors are thus suspended and such powers and duties are to be exercised and performed only by the Judicial Manager. In view thereof, Mr Wu Yongqiang resigned as the Executive Chairman of the Company.
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
08/03/2022
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
14
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Responsibilities as an Executive Chairman
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?
Yes
Shareholding Details
13.97% of the listed issuer
Past (for the last 5 years)
Aug 2020 - Mar 2021: Kai Sheng Int'l Pte Ltd
July 2020 - Oct 2020: Tribesa Trading Pte Ltd
Feb 2018 - Dec 2020: Asiatic Property Holdings (M) Sdn Bhd
Feb 2018 - Oct 2019: United Maex Sdn Bhd
May 2015 - Feb 2020: Dinghao Global Sdn Bhd
Mar 2007 - Jun 2021: Weifang Shengxing Property Co., Ltd
Jun 2007 - Jun 2021: Weifang Future Classic Property Management Co., Ltd
Apr 2005 - Jun 2021: Weifang Qiyuan Dexing Trading Co., Ltd
Present
2021: KTL Global Limited
2020: Tianci International Pte Ltd
2018: Asiatic Green Tech Sdn Bhd
2018: DH Agro Sdn Bhd
2018: NEUC Education Sdn Bhd
2017: Dinghao Holding Sdn Bhd
2017: Dinghao Groups Sdn Bhd
2016: DHGJ Travel & Tours Sdn Bhd
2015: AMM Global Sdn Bhd
2015: DH Global Pte Ltd
2009: Weifang Baoyuan Investment Co., Ltd