Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR.

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
20-Jul-2022 17:42:26
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR.
Announcement Reference
SG220720OTHRH869
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 NON-EXECUTIVE INDEPENDENT DIRECTOR.

Additional Details

Name Of Person
LIM SWEE HUA (LIN RUIHUA)
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
12/10/2022
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 David Lim resigned as independent director 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
02/01/2022
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
13
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, member of Remuneration Committee, member of Nominating Committee and Chairman of Audit Committee.
Role and responsibilities
Responsibilities as a Non-Executive Independent Director, member of Remuneration Committee, member of Nominating Committee and Chairman of Audit 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)
A1 Achieve Pte Ltd (Struck off)
Acumen Assurance
Present
A Achieve PAC
Acumen Associates LLP
David Lim & Associates
Howard 118 Pte Ltd
NutryFarm International Limited
Pinnacle Partnership LLP
SYA PAC