Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE 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
04-Jan-2022 08:18:41
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE DIRECTOR.
Announcement Reference
SG220104OTHRPC6Q
Submitted By (Co./ Ind. Name)
LIM BOO HIONG
Designation
ACTING CHIEF FINANCIAL OFFICER AND JOINT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF NON-EXECUTIVE DIRECTOR.

Additional Details

Name Of Person
XU HAIMIN
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
30/12/2021
Detailed Reason (s) for cessation
Focus on other business interest.
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?
Yes
If Yes, Please provide full details
Mr Xu was appointed the legal representative of Xinjiang Zhongtong Internet Science and Technology Development Co., Ltd and Beijing Zhonglian Shengtong Network Technology Co., Ltd, due to proposed acquisition of 45% of First Linkage in 2018 ("Proposed Acquisition") as the Company's representative. Accordingly, he has resigned from the positions as well. Since the proposed acquisition is terminated in December 2019 and the Company has reached a settlement agreement with Mr Wang Xiaoxin in September 2021, there will not be any replacement appointment from the Company. The Company will be making arrangements to replace Mr Xu's position as the legal representative of Wivision Network Digital Video Technology (Beijing) Co. Ltd, a 100% subsidiary of the Group.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
09/04/2014
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director.
Role and responsibilities
Mr Xu was appointed the legal representative of Wivision Network Digital Video Technology (Beijing) Co. Ltd and Xinjiang Zhongtong Internet Science and Technology Development Co., Ltd and Beijing Zhonglian Shengtong Network Technology Co., Ltd, due to proposed acquisition of 45% of First Linkage in 2018 ("Proposed Acquisition") as the Company's representative.
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)
NutryFarm (Chengdu) Biomedicine Limited
Present
NIL